A separate schedule must be filed for each business location. The completed Tangible Personal Property Schedule must be returned to be received by the Assessor before March 1 of each year. Tangible Personal Property is divided into 10 groups for reporting purposes. They are defined elsewhere on this site. In Davidson County, an aggressive audit program has been instituted with the assistance of consultants to ensure that every business owner is treated fairly.
Every business is subject to selection for audit.
A member of the Assessor's staff reviews each completed Schedule B and works with the businesses to obtain an accurate reporting. In some cases, an inspection of the business premises may be required, or a detailed examination of records of purchases may be needed. In May of each year, assessment notices are mailed to the businesses. As in the case of realty assessments, if business owners don't agree with the Assessor's appraisal, an appeal may be filed with the Davidson County Board of Equalization, which begins its meetings in June. Metro Home Related Links Copyright 2001 by the Davidson County Assessor of Property.