2008 Personal Property Statements and instructions
were mailed the last week of December. Personal Property Tax is self
reported and is a property tax paid by businesses on machinery,
equipment, furnishings and other similar items used in a business.
Tangible personal property is not real estate. This form must be
filed in the city or township where the personal property is located
on December 31, 2007. Michigan Department of Treasury form L-4175 is
issued under authority of the General Property Tax Act (P.A. 206 of
1893) and filing is mandatory. This statement is subject to audit by
the State Tax Commission, the Equalization Department or the
Assessor and must be signed at the bottom of page 1. You are advised
to make a copy of the completed statement for your records. Please
file by February 1, 2008.
According to form L-4175 instructions: If all of the
personal property formally in your possession has been removed
before December 31, 2007, you must notify the assessor at once in
order to change the records accordingly. Michigan law provides that
a person or entity receiving Form L-4175 must complete it and return
it to the assessor by the statutory date, even if they have no
assessable property to report. If you had assessable personal
property in your possession on December 31, 2007, you must submit a
completed Form L-4175 to the assessor of the community where the
property is located on or before the statutory due date (February
20), even if the assessor does not send you a form to complete.
