Personal Property Form of List
Personal Property
A Personal Property Form of List must be filed each year by all individuals, partnerships, associations, trusts, corporations, limited liability companies and other legal entities that own or hold taxable personal property on January 1.This return must be filed by March 1 with the Lancaster Board of Assessors. A return is not considered filed unless it is complete.
Closure of Business Notice
If you do not file your Form of List, file late or do not comply with an audit, the assessors cannot abate for overvaluation of personal property for that year.
Assessment Date of Personal Property
All personal property is assessed to the owner of the property as of January 1 preceding the fiscal year.
If you dispose of your personal property after January 1 but prior to the new fiscal year, by law, you will be responsible for any personal property tax for the full upcoming fiscal year. It is important to notify the Assessing Department in writing if you close your business to ensure your personal property account gets closed if warranted.
For more information please contact the Assessors Office by email at assessors@lancasterma.gov or by phone at 978-365-3326 ext. 1000.
Additional Information