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If you have personal property that has been fully expensed or depreciated for Federal Income Tax or financial accounting purposes, the original cost in the year purchased MUST be reported on your personal property statement. When you sell or get rid of an item of personal property, the original cost of the item should not be included on your statement when you file the following year.
Refer to your Assessment Change Notice or City website for Board of Review dates and times.
Personal property taxes would be due to the City or Township your business re-locates to the following year. Your business cannot be taxed a personal property tax by two jurisdictions in the same year.