This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
Business Tangible Personal Property Form For St. Louis In Montgomery
Category:
State:
Multi-State
County:
Montgomery
Control #:
US-00167
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Tangible personal property can be subject to ad valorem taxes, meaning the amount of tax payable depends on each item's fair market value. In most states, a business that owned tangible property on January 1 must file a tax return form with the property appraisal office no later than April 1 in the same year.
Each year, you are required to fill out an assessment form with the County Assessor's Office listing the taxable personal property you own January 1st of the tax year. Generally, these forms are mailed out to the taxpayer in January and are due back to the Assessor no later than March 1st.
What must be declared on the Personal Property Declaration? All personal property items used in the conduct of operating the business including items donated, given to you or owned prior to starting your business, unregistered motor vehicle(s), etc.
All personal property owners with an active account will be mailed a declaration and have the option to file their declaration by mail, in person, or online. You are required to file even if there are no changes from the previous year.
The Assessor is required by Missouri Statutes to value all business personal property each year. Personal property includes vehicles, machinery, equipment, furniture, computers, signs, supplies, etc., which are used for the operation of the business on January 1 of the current year.
Ing to MO State Statute 137.075 "Persons owning or holding tangible personal property on the 1st day of January shall be liable for taxes." Personal property includes all motor vehicles, motorcycles, recreational vehicles, trailers, boats, motors, mobile homes, aircraft, farm machinery, livestock, and grain.
Declarations are mailed to property owners with an active individual, business, or manufacturing personal property account as of January 1 each year. Property owners who have an existing account can easily file their declaration online. You can also file your declaration by mail or in person.
More info
Blank 2024 Personal Property Declaration Forms for Individuals and Businesses. The Montgomery County Assessor of Property began offering an online filing option for Personal Property schedules beginning in 2020.(for assistance with OPPAL filing, call ). The University Extension at the University of Missouri. Columbia allowed us to use the glossary in the Hand- book for Planning Commissioners in Missouri (1993). Description (Do not list tangible personal property tax on leased property). Amount. Signature of Officer (Required).
