What happens if my personal property taxes become delinquent?
The non-payment of personal property taxes could result in the seizure of your business assets. Once the opportunity for appeal has passed, the assessment and tax bills are valid. Once the due date of your tax bill passes (summer or winter), interest and penalties will accrue until the tax bill is paid.

In March of the following year, delinquent taxes are turned over to county treasurer for collection. The treasurer is authorized to seize and sell the personal property of the business if the personal property taxes remain unpaid.

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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?