Public Act No. 206 of 1893 of Michigan State law mandates that all businesses must annually file a declaration of Personal Property with the Assessor of the jurisdiction where the property is situated on each December 31. If a business has no Personal Property which is assessable, they still must sign and return the form with a declaration of why no assessable property exists. Revisions in reporting requirements have been made to this year's Personal Property statements.
If you had "Move-Ins" of used property, you must also complete Form 3966. "Move-Ins" are items of assessable personal property (hereafter referred to as "property") that were not assessed in Lansing last year, including (1) purchases of used property, (2) used property you moved in from a location outside of Lansing (3) property that was exempt last year (such as exempt Industrial Facilities Tax property), and (4) property that you mistakenly omitted from your statement last year. "Move-Ins" DO NOT include property that has been moved from another location WITHIN Lansing or that was assessed to another taxpayer within Lansing last year (i.e., property reported by a previous owner or previously leased property reported by the lessor last year). All "Move-Ins" must be reported on Page 2 of Form L-4175 and on Form 3966. Do not report acquisitions of new property on Form 3966.
The Assessor's office is requesting all businesses file these forms on or before next February 1. If your declaration is not filed in a timely manner, an estimated Personal Property assessment will be made which will be the basis for next July and December tax bills.
FAILURE TO FILE THIS FORM ELIMINATES YOUR RIGHT TO APPEAL YOUR VALUE AT THE LOCAL OR STATE LEVEL OR FILE A CORRECTION (Section 154) WITH THE STATE TAX COMMISSION.
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