What is the corporate / personal property assessment based on?
In Maryland there is a tax on business owned personal property that is imposed and collected by the local governments. In order to foster the uniform and consistent administration of this tax, responsibility for the assessment of all personal property throughout Maryland rests with a single state agency, the Department of Assessments and Taxation. Personal property generally includes furniture, fixtures, office and industrial equipment, machinery, tools, supplies, inventory, and any other property not classified as real property.

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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?