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| What is considered personal property? |
| Personal property is machinery, equipment, furniture, fixtures, inventory, supplies used in a business. |
| Who has to file? |
| Every business must file a yearly return. |
| Where is the return filed? |
| Returns can be mailed to: Karl L. Keith, Montgomery County Auditor; Personal Property Taxation Department; 451 W. Third Street, Dayton, Ohio 45422. The forms must be in duplicate. Please provide two copies. |
| What is the $10,000 exemption? |
| Each taxpayer is entitled to an exemption not greater than $10,000 of listed value. This exemption is deducted from the total listed value in the taxing district with the greatest listed value. If there is excess, the balance is deducted from the district with the next greatest listed value. |
| Which taxing district should I use? |
| Tangible personal property is required to be listed in the taxing district where it is physically located on the listing date. Contact the Auditor's Office to verify taxing districts at (937) 225-4315. |
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What is true value? |
| The true value of depreciable personal property is its book cost less book depreciation, unless the Tax Commissioner finds that the depreciated book value is greater or less than the true value of such property. |
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When are the taxes paid? |
| When the return is filed, one-half of the total tax must be paid. The second half is billed by the County's Treasurer and due by September 20. |
| What if I file after the due date? |
| If the return is postmarked later than the due date, the assessor will add a penalty of 10% or 15% as well as the loss of one-half the allowable exemption up to $5,000. |
| What if my business began after January 1st? |
| A taxpayer who begins business after January 1, must file a new taxpayer return within 90 days of beginning business. The amount of tax is pro-rated according to the number of full months in business for the calendar year. |
| Who can I call for additional questions? |
| The Montgomery County Auditor's Office is open from 8:00 a.m. to 5:00 p.m. Monday through Friday. Please contact the Personal Property Taxation Department at (937) 225-4315 with any additional questions. |
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What is considered personal What is considered personal property? Personal property is machinery, equipment, furniture, fixtures, inventory, supplies used in a business.
Who has to file?
Every business must file a yearly return.
Where is the return filed?
Returns can be mailed to: Karl L. Keith, Montgomery County Auditor; Personal Property Taxation Department; 451 |
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