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Get Statement Of Personal Propertysalt Lake County - Utah Property...
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How to fill out the Statement Of Personal Property Salt Lake County - Utah Property online
Filing the Statement of Personal Property in Salt Lake County is essential for accurately reporting your business assets for taxation purposes. This guide provides clear, step-by-step instructions to help you complete the form online with confidence.
Follow the steps to complete your personal property statement online.
- Click ‘Get Form’ button to obtain the form and open it in your browser.
- Identify the type of business you own by selecting the appropriate option under 'Business Type'. Common options include proprietorship, partnership, corporation, or other. Fill in any necessary details.
- Select your 'Ownership Type' by checking one of the options provided. Ensure you accurately represent your business structure.
- Enter the date your business opened and, if applicable, the date it opened at the current location.
- Indicate your ownership of the land at this location by checking the corresponding box – either self, government, or landlord.
- Decide whether you wish to attach your personal property to your real property for tax purposes and mark 'Yes' or 'No'. If applicable, include the correct parcel number in the provided space.
- Fill in your phone number and the property location accurately for any follow-up communication regarding your filing.
- Calculate the total cost of supplies on hand as of January 1, entering it in Line 1. Include only supplies, not inventory held for sale.
- Refer to Schedule 'A' and enter the grand total of equipment in Line 2.
- Complete Line 3 by adding values from Schedule 'B'. Follow step-by-step instructions from your schedule.
- Calculate the total of Lines 1, 2, and 3, recording the result in Line 4. If the total is less than the specified amount, proceed to Section B for exemptions.
- If necessary, check if the business location has changed, then note the tax rate in Line 5.
- Calculate the tax amount by multiplying the total from Line 4 by the tax rate indicated in Line 5 and enter it in Line 6.
- Add any prior years’ past due taxes and interest on Line 7, then calculate the total amount owed in Line 8.
- Ensure you have signed the statement, certifying its accuracy. Include your signature and the date.
- Once you have completed the form, save changes, download, print, or share the document as needed for your records.
Complete your Statement of Personal Property online today to stay compliant with property tax regulations.
Personal Property is taxed based on its taxable value as of January 1 of each year. In order to value personal property, the Utah State Tax Commission provides personal property classification schedules which are used by all county assessors in Utah.
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