Do I report leased equipment?
Yes, the leased equipment would be reported on page 3 of the personal property statement. The description of the leased asset, the name of the leasing company, its original cost and year of purchase must be included in the statement.

To determine if it is your responsibility or that of the leasing company to file and pay the personal property tax pay careful attention to the details of your lease agreement.

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?