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What is the lien date and valuation date for Personal Property?

April 26, 2017lien Property valuation

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What is the lien date and valuation date for Personal Property?

1 Answer

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Posted

The lien date and valuation date is January 1st of each year. The Assessor does not prorate personal property. If you sell your property after December 31st, and do not wish to pay the full amount of the tax, the personal property taxes that are generated based on the full cash value of your personal property should be pro-rated between the seller and buyer.