To avoid a possible misunderstanding regarding whether a declaration schedule must be filed, new businesses, first time files, and taxpayers that are unsure as to the actual value of their personal property are urged to contact the assessor and provide an itemized listing of their personal property. All real property is valued based upon its status as of January 1, the assessment date. When real property changes taxable status during the year, the assessor will prorate the value of the real property. The property s value will be based upon the number of days it was taxable. If the owner does not notify the assessor, no pro-ration of value will be applied.
Property value is prorated according to the number of days in existence.
The counties in which the equipment will be located. Estimated time in each county. Examples of this type of equipment include drilling rigs and greyhound dog gates. The assessor will determine a value that is apportioned to each county. Some equipment is classified as type F or special mobile equipment and is valued and taxed by the local county clerk.