The Davis County Assessor's Office manages the annual valuation and assessment of all non-exempt tangible personal property. This process primarily includes property used in business operations as well as mobile and manufactured homes not affixed to real property.
Annual Filing Requirements
All businesses are required to declare their personal property to the Assessor annually via a personal property filing statement. Statements are mailed to all businesses on the tax rolls prior to March 1st, and taxpayers must complete and return these statements by May 15th.
Billing and New Business Registration
Following a review of the filing, the office sends a bill for the exact amount due. Tax bills are due either 30 days after billing or by May 15th, whichever date is later. New businesses should register with the Assessor when obtaining a business license to prevent the assessment of escaped property taxes.
Valuation Methodology and Process
Valuation is determined using a methodology where the Utah State Tax Commission provides recommended percent-good schedules annually. These schedules help equalize valuations statewide by applying age and class-based rates to the original cost of the property to reach an approximate fair market value.
Appeals Process for Taxpayers
Taxpayers have the right to appeal their personal property valuation to the Davis County Board of Equalization. Appeals must be filed in writing within 60 days of notification of assessment, typically by May 15th, and must include property descriptions and documentation of alternative values.
Tax Distribution and Exemptions
The personal property tax is collected and distributed among the county, cities, school districts, and other taxing entities to fund local government services. Certain types of property, such as livestock, farm machinery, equipment, and inventory held for resale, are exempt from taxation.
