Personal Property Statements are due on February 20 to the local jurisdiction in which the personal property is located on tax day (December 31).

Personal Property Forms

The State Tax Commission adopted new personal property multiplier tables for the valuation of personal property in the State of Michigan starting with the 2000 Assessment Roll. In order to learn more about the procedures to value personal property in the State of Michigan, please read the State Tax Commission’s Bulletin 12 of 1999, along with other bulletins, at the Michigan Department of Treasury website.

State Tax Commission Bulletin 12 New Personal Property Multipliers & Procedures

State Tax Commission Bulletins

The form must be completed properly. Failure to return a Personal Property Statement or returning an uncompleted statement will cause our Department to estimate the assessment on your personal property and possibly audit your account. Also, failure to file this form by its due date will jeopardize your appeal rights with the State Tax Commission and/or Michigan Tax Tribunal.

As a rule of thumb, the person who completes your income tax statements should be able to prepare the Personal Property Statement for your business.