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AcknowledgedDATE: May 20, 2020, FILE NUMBER: EPC PPR 2018 Liberty Tree RE: Approval of a development plan 1st Review Colorado Springs Utilities (Kyle Scholars, 7196688126, kschelhaas@csu.org) No apparent
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Gather all necessary documentation related to your business personal property.
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Identify all tangible assets owned by your business.
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Assign a value to each individual asset based on its current market value.
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Who needs business personal property?

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Business owners who own tangible assets such as equipment, machinery, furniture, and fixtures are required to fill out a business personal property declaration for tax assessment purposes.
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Business personal property refers to tangible assets owned by a business that are not considered real estate.
Business owners are required to file business personal property taxes.
Business owners can fill out the business personal property form provided by their local tax assessor's office.
The purpose of business personal property taxes is to generate revenue for local governments.
Business owners must report details of their tangible assets such as equipment, machinery, and furniture.
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