What happens if my business moves out prior to tax day?
Contact your local assessor and inform him/her of your move. Personal property taxes are not prorated. You will have a tax liability to the jurisdiction for the current tax year. The current tax year is based on December 31 of the previous year, i.e. On December 31, 2019 (Tax Day), your business was located in the Township of Garfield, however, in June 2020 (the current tax year) you moved your business to the City of Traverse City.

Your tax liability remains with the Township of Garfield for the current tax year because on tax day, December 31, 2019, you were in the Township of Garfield. You will have tax liability in the City of Traverse City beginning in tax year 2021 if you are in the City on December 31, 2020.

Show All Answers

1. What is personal property?
2. What are examples of personal property?
3. When is tax day for personal property?
4. When and where do I file my personal property statement?
5. When and where do I file an Affidavit of Eligible Personal Property (Small Taxpayer Exemption Form 5076)?
6. What happens if I file my personal property statement late?
7. Can I request an extension for filing my personal property statement?
8. What costs do I report on my personal property statement?
9. What if my costs are for used assets?
10. What if I have expensed or fully depreciated my assets?
11. I don't own a building, though I lease office space. Do I still have to file for personal property?
12. I operate a business out of my home, do I have to file for and pay personal property tax?
13. Do I report leased equipment?
14. How can I appeal my personal property assessment?
15. What if I don't agree with the decision of the March Board of Review?
16. Where does my tax money go?
17. What are my responsibilities as a business owner?
18. What happens if my business moves out prior to tax day?
19. What happens if my personal property taxes become delinquent?