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This document is a Michigan Department of Treasury form designed for taxpayers to report their assessable tangible personal property as of December 31, 2006, to the appropriate assessment jurisdiction.
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How to fill out 2007 personal property statement

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How to fill out 2007 Personal Property Statement

01
Obtain the 2007 Personal Property Statement form from your local tax assessor's office or website.
02
Enter your business name and contact information in the designated fields.
03
List all personal property owned as of January 1, 2007, including furniture, equipment, and machinery.
04
Provide the location of each property item if it is not at your business's primary address.
05
Fill in the cost or original value of each item, along with the year it was acquired.
06
Ensure to aggregate the total value of all personal property listed.
07
Sign and date the form in the designated area.
08
Submit the completed form to your local tax office by the specified deadline.

Who needs 2007 Personal Property Statement?

01
Business owners who possess personal property that is subject to taxation.
02
Individuals or entities holding equipment, machinery, or furniture for commercial purposes as of January 1, 2007.
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The 2007 Personal Property Statement is a financial document used to report personal property owned by individuals or businesses for tax purposes, specifically for the assessment of property taxes.
Individuals and businesses that own personal property subject to taxation are required to file the 2007 Personal Property Statement. This typically includes owners of tangible personal property such as machinery, equipment, furniture, and fixtures.
To fill out the 2007 Personal Property Statement, one must provide detailed information about the personal property owned, including descriptions, acquisition dates, original costs, and current values. The form must be completed accurately and submitted to the appropriate tax authority by the specified deadline.
The purpose of the 2007 Personal Property Statement is to compile a comprehensive report detailing personal property owned, which is used by tax assessors to determine property tax obligations and ensure equitable taxation.
The information that must be reported on the 2007 Personal Property Statement includes property descriptions, acquisition dates, original costs, estimated current values, and any other relevant details about the personal property being reported.
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