Most personal property assessments are based on the information contained on personal property statements/affidavits filed the property owner to the assessor. The assessor uses the reported cost figures to determine the assessed value. Personal property tax rates may be the same as that for real property or may differ.
If no schedule is provided, the assessor estimates the property’s value using acceptable appraisal data and techniques, taking into consideration age, cost, and type of property.
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