What is the penalty for filing late?

If you do not file a form of list for the fiscal year, the Assessors cannot grant an abatement for overvaluation for that year. If you file late, the Assessors can only grant an abatement if you show a reasonable excuse for the late filing or the tax assessed is more than 150% of the amount that would have been assessed if the list had been timely filed. In that case, only the amount over that percentage can be abated. You can avoid this penalty by filing on time.

Show All Answers

1. What is personal property?
2. What is a form of list?
3. Who must file a return?
4. When and where must my return be filed?
5. Can I get an extension of the filing deadline?
6. What is the penalty for filing late?
7. What is the return used for and who has access to it?
8. When do I file for an abatement for overvaluation?
9. Where do I get applications for abatement?
10. Are abatement applications public records?
11. Should I bring any necessary data with me?
12. Where can I see a list of the personal property tax rolls?