Business Property Assessment County Assessor's Office or County Clerk's office You must assess your business property. You must assess immediately if you purchase an existing business or by May 31. You will be liable for unpaid taxes if buying a business, so verify they've been paid. The assessor's office will give you a worksheet to list all business property. After you return the completed form, you will be billed for property taxes.
Tax is based on the quality, age and type of equipment.
You must also list leased equipment but you will not be taxed for it. All retail businesses and some service businesses must have a sales and use tax permit. Be sure to verify the tax liability status when buying an existing business. Employer Identification Numbers are used to report withholding taxes and should be applied for 6-8 weeks prior to hiring. You also can get a number over the phone.