Anyone owning, possessing or controlling taxable personal property with a total actual value greater than $7,700 (per owner, per county) on Jan. 1 is required to report the property to the assessor by April 15.
Personal Property Declaration Schedules have been mailed to every person or business known to own, possess or control taxable personal property in the county. Non-receipt of a declaration schedule does not excuse taxpayers from declaring taxable personal property to the assessor.
Anyone who has not received a declaration schedule and owns personal property with a value greater than $7,700 should call the assessor at 382-6231.
All personal property with a total actual value in excess of $7,700 (per owner, per county) is taxable unless specifically exempt by law.
If a property owner fails to file a declaration schedule, the assessor will establish a taxable value based on the “best information available” and add a penalty of up to 25 percent of assessed value for any omitted property that is subsequently discovered.
