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Union County Tax Office urges local businesses to file annual personal property listing; Jan. 31 is deadline
Summary
The Union County Tax Administration Office reminded business owners that the state-required annual business personal property listing must be filed (by mail or received/postmarked) by Jan. 31 to avoid a 10% late-listing penalty; extensions showing good cause may push the deadline to March 15.
Union County Tax Administration Office reminded business owners that the state-required annual business personal property listing form must be completed and submitted each year, even if no information has changed.
The announcement explained why the filing matters: that the county uses an asset's age and original cost to calculate current market value through depreciation, which affects local assessments. "To avoid a 10% late listing penalty, your completed form must be received by our tax office or postmarked on or before January 31," the office said, and…
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