What happens if I don't report new equipment annually?
If you do not report new equipment and that equipment "escapes" assessment for any year, the assessor is obligated by law to process an "escape assessment" back to the date of acquisition. You would then have to pay back taxes on that amount, plus possible penalties and interest on the tax amount. This process requires more assessor and tax collector resources to process than making the changes as they occur, and you will end up making a larger lump-sum tax payment. For more information, contact the Assessor.

Show All Answers

1. How do I sign up for the DirectBill program?
2. What is the Proposed Assessment Value? Is this how much I owe in taxes?
3. What do I have to do if I don't have any changes and the assessment value is reasonable?
4. What happens if I don't report new equipment annually?
5. What should I do if I've closed my business?