Information On Filing Personal Property Forms
Starting for 2017, taxpayers with up to $20,000 in personal property acquisition costs in each county will be exempt from personal property taxes. However, you must still send in returns with acquisition cost.
Personal Property is a self-assessment system. The taxpayer is responsible for reporting all tangible property that is used in their trade or business, used for the production of income, or held as an investment that should be or is subject to depreciation for federal income tax purposes.