File a DR-405
Tangible Personal Property tax return electronically (via e-mail or fax), by regular mail, or
in person on or before April 1 unless you have received a WAIVER
postcard stating you are exempt from filing.
The preparation of your return is only as good as the information you provide to your accountant
or report on your tax return form.
Questions 1-9 must be answered completely on the return or it may be classified as incomplete.
Identify any equipment that may have been "Physically Removed" during the year. List those items in the appropriate space
at the top of Page 2 on the back of the return.
Unless you report an estimate of fair market value, it is to
your advantage to indicate the age, or year acquired, and condition of your assets so that the proper replacement
cost index and depreciation rates may be applied.
For your convenience, you may attach your asset listing in spreadsheet form (Microsoft® Excel preferred)
to the tax return form with a note to "See Attached".
Do not use vague terms such as "various", "no change",
or "same as last year".
Please include your estimate of the fair market value, the condition, the age or the year purchased or acquired, and the original
cost of the equipment. These are important considerations in determining a fair and accurate assessment.
Additional information regarding filing is provided in the INSTRUCTIONS (page 3 and 4) of the tax return itself.
If you sell or close your business or rental property, change your business or corporation name, or move to a new
location, please inform our office as soon as possible. This will assist the Property Appraiser with keeping timely
and accurate records. For your convenience, you may use the
Tangible Disposition Letter Form.
IMPORTANT: according to Department of Revenue procedures for Pollution Control equipment, the
DR-492 must be
received by our office no later than April 1 of each year in order for
a reduction of the assessment of pollution control devices to be considered. Please feel free to electronically
file this form via e-mail to firstname.lastname@example.org.
In mid-August you will receive your Truth in Millage (TRIM) notice. Please review this thoroughly and contact the Tangible Department
if you have any questions or concerns. If your assessed value is less than $25,000, you will only receive a TRIM notice for the
initial year of the exemption.