If the value is still not satisfactory, you may formally protest the valuation to the County Board of Equalization within 20 days of the date of the notice. The Board of Equalization is in session from the fourth Monday in January to May 31. Whether fully depreciated in your accounting records or not, all property still in use or in your possession should be reported. The owner on January 1 would be responsible for filing the personal property return. However, the County Assessor's office needs to be notified of any changes in ownership.
Taxes are due in full for that tax year.
You are still required to file a return. Be sure to sign and date your return. List those items in the appropriate space on your return. If you have an asset listing or depreciation schedule that identifies each piece of equipment, attach it to the completed return. If you sell your business, go out of business, or move to a new location, please inform this office promptly.