Personal Property includes boats and motors, tractors, farm equipment, and machinery. If you own a business, furniture, fixtures, equipment, inventory, and supplies are considered personal property. Ownership of personal property is established January 1 of each year. Appraisers from the Assessor's Office place values on personal property and mail them to you in May of each year. After you receive your personal property assessment, there is a period of 45 days in which you have the right to appeal. In early to mid August of each year, the Tax Commissioner's Office will mail your personal property bill to you (due November 15th). Like real property, a penalty of 1% per month is incurred on a past due bill. When a bill becomes 90 days delinquent, a 10% penalty is added and a lien (Fi.Fa.) may be recorded with the Clerk of Superior Court. Personal property with unpaid taxes is subject to seizure and sale with no rights of redemption.
If you own a business - furniture, fixtures, equipment, inventory, and supplies are considered personal property. Ownership of personal property is established as of January 1 each year. A property tax return must be filed with the Assessor's Office annually, prior to April 1. Tax returns are mailed out in January. You are required to send in a tax return each year you are in business. It must be established that you are no longer in business in order to discontinue tax generation. If a tax return is not filed, state established values are assessed on the property, and tax payment is expected.
Listed below are three forms you may use to notify the White County Assessors office, if you have closed your business or if you have sold, traded or disposed of your boat or equipment.