If I am out of business, do I still have to pay the open tax bill?
Yes. It is the business's responsibility to notify the State Department of Assessments and Taxation of the fact that they are no longer in business. The State Department of Assessments and Taxation will continue to assess the business with estimated assessments until they are made aware of the business closing in writing (they need the date of finality of when the business closed). It is the responsibility of the County to collect the taxes based on the assessment. Therefore, it is in the business's best interest to contact the State Department of Assessments and Taxation and let them know of the closure of the business. If they have estimated assessments, they should attempt to get them abated by the State Department of Assessments and Taxation.

Show All Answers

1. Do I need to file a personal property return?
2. How far back can I request an abatement or adjustment on my business account?
3. If I am out of business, do I still have to pay the open tax bill?
4. What is an estimated assessment?
5. What is the corporate / personal property assessment based on?
6. What is the date of filing?
7. Where can I get further information on the filing and assessment of personal property?