Please Read This Carefully!
Wisconsin law requires every person, firm, or corporation owning or leasing business personal property to file a Statement of Personal Property by March 1st on an annual basis.
If you fail to file the return, the assessor is required by law to estimate an assessed value for taxable personal property associated with the business. You forfeit any right of appeal if you fail to file the return.
Avoiding ProblemsEach December, a number of personal property tax payers request changes in their tax bills claiming incorrect assessed values. In some cases, they request cancellation of the entire tax because the business has moved, ceased operations, or has been sold. However, in almost every case it is too late to correct valuation issues for property owners at tax bill time.