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2021 Form 7BUSINESS PERSONAL PROPERTY TAX RETURNMARYLAND STATE DEPARTMENT OF ASSESSMENTS AND TAXATION TAXPAYER SERVICES DIVISION P.O. BOX 17052 BALTIMORE, MARYLAND 212971052Due April 15thRENTAL CONDOMINIUMS,
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Real property refers to land and anything permanently attached to it, such as buildings. Personal property includes movable items not permanently attached to land, like vehicles, furniture, and equipment.
Individuals and businesses that own real or personal property are generally required to file property tax returns with their local tax authorities.
To fill out real and personal property forms, gather documentation of the property's value, dimensions, and any relevant ownership information, then complete the forms provided by the local tax authority, ensuring all required details are included.
The purpose of real and personal property classification is primarily for taxation, allowing local governments to assess and collect property taxes based on the value of the properties owned.
Information that must be reported typically includes the property owner's name, address, a description of the property, its assessed value, and any changes or improvements made during the reporting period.
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