Important Notice - Eligible Personal Property Tax Exemption
In December of 2012, Governor Snyder signed into law 11 bills affecting the taxation of personal property.
Beginning December 31, 2013, eligible personal property is exempt from taxation. In order to be eligible personal property and qualify for the exemption, the personal property must meet all of the following conditions:
The exemption must be properly claimed and
The personal property must be classified as industrial personal property or commercial personal property and
The combined true cash value of all personal property owned by, leased by or in the possession of the owner is less than $80,000 in the local tax collecting unit.
Filing an Affidavit
In order to claim the exemption, the owner of the eligible personal property must annually file an affidavit, Form 5076, found in the Assessing Forms page of this website, with the local tax collecting unit no later than February 21. If an affidavit is file, the owner is not required to file a personal property statement in that tax year.
Access the State Tax Commission approved 2023 Personal Property Statement: