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BUSINESS PROPERTY STATEMENT FOR 2018 (Declaration of costs and other related property information as of 12:01 A.M., January 1, 2018)FILE RETURN BY APRIL 1, 2018, NAME AND MAILING ADDRESS (Make necessary

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How to fill out business property statement for

01

Gather all the necessary information and documents to fill out the business property statement.

02

Start by filling out the basic information section, including the business name, address, and contact details.

03

Proceed to provide details about the business property, such as the type of property, its location, and the date it was acquired.

04

List all the specific property items owned by the business, including their descriptions, quantities, and values.

05

Ensure to accurately report the property's cost and acquisition details, such as the purchase price and date.

06

If there are any changes or improvements made to the property, make sure to include those details along with the associated costs.

07

Double-check all the information provided in the form to ensure its accuracy and completeness.

08

Sign and date the completed business property statement.

09

Submit the filled-out form to the appropriate authority as required.

Who needs business property statement for?

01

Any business that owns taxable personal property or fixtures used for business purposes needs to fill out a business property statement.

02

This includes businesses of all sizes and types, such as sole proprietors, partnerships, corporations, and LLCs.

03

The business property statement is necessary for property tax assessment and is typically required by the local tax authority.

04

It helps determine the value of taxable personal property and fixtures for tax purposes.

05

Filling out the business property statement ensures compliance with tax regulations and facilitates accurate assessment of property taxes.

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