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2014 Business Personal Property Assessment 2014 Cathy Reinhart, Clay County Assessor 1901 NE 48 ST, Kansas City, MO 64118 PHONE 816/407-3460 FAX 816/407-3461 FORM A Name: Account # (if known) Mailing
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What is business personal property assessment?
Business personal property assessment is the process of determining the value of tangible assets owned by a business for taxation purposes.
Who is required to file business personal property assessment?
All businesses that own tangible assets used to generate income are required to file a business personal property assessment.
How to fill out business personal property assessment?
To fill out a business personal property assessment, you need to report detailed information about your business and its tangible assets, including their type, quantity, age, and value.
What is the purpose of business personal property assessment?
The purpose of business personal property assessment is to establish the taxable value of a business's tangible assets so that appropriate property taxes can be levied.
What information must be reported on business personal property assessment?
On a business personal property assessment, you must report information such as the description of each asset, the purchase cost, the acquisition date, and the current market value.
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