If you were still in business on the assessment date, January 1, you will need to file a return and indicate on your asset listing the equipment that was still in use at your business on January 1.
If you went out of business prior to January 1, you will use your return to report to the Assessor’s office the disposition of your business Personal Property. The section “No Personal Property to Report” on the front of the return is designed for that purpose. Check the box “Business closed” and provide the date closed. Let us know the status of the property on January 1, whether it has been sold, stored or converted to personal use.
If you sold your business prior to January 1, please file a return to notify our office of the change in ownership. Check the box “Business sold” and indicate the date sold and provide the name and mailing address of the new owner, along with your instructions as to whether or not we have your permission to forward the current asset list to the new owner.