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20202020NORTH CAROLINA COUNTY OF STANLEY BUSINESS PERSONAL PROPERTY LISTING DUE BY JAN. 31RETURN TO: STANLEY COUNTY TAX ASSESSOR 201 S. 2ND STREET ALBEMARLE, NC 28001 (704) 9863628 LISTING #PENALTY
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To fill out the 2020 business personal property form, follow these steps:
02
Begin by gathering all relevant information such as the property's description, location, and value.
03
Determine the correct valuation method for each item. This could be based on cost, market value, or income approach.
04
Assess the condition and useful life of each item to determine its depreciation percentage.
05
Calculate the property's assessed value by multiplying the valuation method with the depreciation percentage.
06
Fill out the form by providing all requested information and values for each item.
07
Make sure to double-check all the entries for accuracy and completeness.
08
Submit the completed form by the designated deadline to the appropriate authorities.
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Keep a copy of the filled out form and any supporting documentation for your records.

Who needs 2020 business personal property?

01
Anyone who owns business personal property as of 2020 needs to fill out the 2020 business personal property form. This includes individuals, partnerships, corporations, and any other business entities that possess assets subject to property taxation. Business personal property refers to any tangible assets used for commercial purposes, such as machinery, equipment, furniture, vehicles, and inventory. It is important to comply with this requirement to ensure accurate assessment and fair taxation.
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The business personal property listing is a report that details all tangible assets owned by a business, such as equipment, furniture, and inventory.
Business owners or entities that own tangible assets used for business purposes are required to file a business personal property listing.
To fill out a business personal property listing, you will need to provide detailed information about each tangible asset owned by the business, including its value and description.
The purpose of a business personal property listing is to ensure that all tangible assets owned by a business are properly assessed for taxation purposes.
Information that must be reported on a business personal property listing includes the description, value, and location of all tangible assets owned by the business.
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