What happens if a business fails to file a personal property statement?

If your declaration is not filed in a timely manner, an estimated personal property assessment will be determined and will be the basis for your tax bills. Failure to file this form may eliminate the business’ right to appeal the assessed and/or taxable value at the local or state level or file a correction with the State Tax Commission.

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1. Who must file a personal property statement?
2. Where do I file the personal property statement and when is it due?
3. What happens if a business fails to file a personal property statement?
4. What if I moved out of the jurisdiction or went out of business as of December 31?