Personal Property Declarations must be filed with your Town’s Assessor by November 1st, 2016. Not sure if you are subject to this deadline? If you are a business owner who has any tangible personal property used in a business, then you must file this form with your town of business. Examples of “tangible personal property” would include, but not be limited to, computers, office furniture, equipment and signage. This does not include registered automobiles, trailers, boats and airplanes. If you have not received your form in the mail, you should obtain the Personal Property Declaration forms at your Town Assessor’s Office.
If we complete this form for you, we would ask that you have the form to us by October 15th in order to ensure timely filing. There are hefty penalties associated with late filing – an estimated assessment plus a 25% penalty. Also, please be sure to provide a list of any assets purchased or disposed of during the period of October 1st, 2015 to September 30th, 2016, including description, date acquired and/or disposed and purchase price. If this is the first year we are preparing this form for you, we need your prior year form as well.
If you prepare this form yourself and have questions, we are always here to help!