Personal Property Multipliers
In 1999, after concerns were raised by assessors and taxpayers, the
State Tax Commission ordered a study of the Personal Property
Multipliers. The law requires uniformity of assessments and a long time
had elapsed since the last multipliers were issued. The study verified
that a change in multipliers was necessary. Previously some of the
tables were asset specific and some were industry specific. The new
multipliers tables are now all asset specific. The following is a list
of titles and sections for the bulk of usual asset types: Section A -
Furniture and Fixtures; Section B - Machinery and Equipment; Section C -
Rental Video Games and Tapes; Section D - Office Machines and
Electronic, video and test equipment; Section E - Consumer Coin Operated
equipment; and Section F - Computer and Peripheral equipment. There is
an alphabetized list of assets added to this letter to help locate the
correct section for the asset. Personal Property Statement will be
mailed, as usual, in December. The statutory filing deadline is February
20.