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Reset Form INFORMATION RETURN OF OWNED PERSONAL PROPERTY MARCH 1, 20 FORM 103 O State Form 24057 (R6 / 1211) For assessor's use only Prescribed by the Department of Local Government Finance PRIVACY

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Start by gathering all the necessary information and documentation related to your owned personal property.

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Determine the value of each item or asset and make a list.

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Go through any instructions or guidelines provided by your local tax authorities or insurance company.

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Fill out the personal property declaration form or any other required documents.

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Provide accurate and detailed information about each item, including its description, purchase date, original cost, and current value.

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What is owned personal property?

Owned personal property refers to any tangible possessions or belongings that an individual or business owns, such as vehicles, machinery, equipment, and inventory.

Who is required to file owned personal property?

Individuals or businesses who own tangible assets that are subject to personal property tax are required to file owned personal property.

How to fill out owned personal property?

Owned personal property must be filled out on a designated form provided by the local tax authorities, detailing the description, value, and location of each asset.

What is the purpose of owned personal property?

The purpose of filing owned personal property is to assess the value of tangible assets for tax purposes and determine the amount of personal property tax owed.

What information must be reported on owned personal property?

The information that must be reported on owned personal property includes a description of each asset, its value, and its location.

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