Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2018

Property Tax Annotations

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740.0000 SITUS

Annotation 740.0066

740.0066 Movable Equipment. Property Tax Rule 205 provides that movable property that does not have permanent situs in the county where it is located on the lien date has situs in the county where it is returned between uses. If there is no such location, the situs is in the county in which the principal place of business of the owner is located. It is the property owner's responsibility to provide documentation establishing that equipment the assessor proposes to assess acquired status elsewhere. If, based upon the evidence, the assessor determines that some equipment has tax situs in his or her county and some in other states, then apportionment of the assessment is required. C 2/10/2004.