Available in All Maine Counties
Taxscribe transforms tax management for business owners and CPAs in Maine, streamlining the shift from paper forms to efficient online filing. Offering advanced user management, easy data import, intuitive form completion, smooth submission processes, and comprehensive analytics, Taxscribe makes tax filing easier. It ensures businesses of every scale effortlessly navigate Maine’s tax compliance requirements.
Available Forms:
- - Business Personal Property Declaration
What is Business Personal Property?
Business Personal Property is defined as tangible property including, but not limited to, furniture and fixtures, machinery and equipment, and computer equipment.
Business Personal Property is defined as tangible property including, but not limited to, furniture and fixtures, machinery and equipment, and computer equipment.
Who should file a Personal Property Return?
In Maine, all businesses must file a business personal property tax return if they own tangible assets used for business purposes as of April 1.
In Maine, all businesses must file a business personal property tax return if they own tangible assets used for business purposes as of April 1.
When you should file:
Most jurisdictions have a filing deadline of May 1st each year. However, deadlines and specific requirements can vary slightly by municipality. For the most accurate information, it is best to contact your local assessor’s office directly.
Most jurisdictions have a filing deadline of May 1st each year. However, deadlines and specific requirements can vary slightly by municipality. For the most accurate information, it is best to contact your local assessor’s office directly.
Exemption:
The BETE (Business Equipment Tax Exemption) program requires an annual application to be filed with the Assessor no later than May 1st. Only certain types of businesses may apply, and only equipment first subject to tax in Maine after April 1, 2007 may qualify.
The BETE (Business Equipment Tax Exemption) program requires an annual application to be filed with the Assessor no later than May 1st. Only certain types of businesses may apply, and only equipment first subject to tax in Maine after April 1, 2007 may qualify.
Extensions:
Some jurisdictions offer filing extensions upon written request. Inquire with your local jurisdiction before the filing deadline to see if they grant extensions.
Some jurisdictions offer filing extensions upon written request. Inquire with your local jurisdiction before the filing deadline to see if they grant extensions.
Important Notes:
Failure to respond or report according to a personal property declaration request will result in an assessor determination of value of the business personal property and may bar a taxpayer’s right to an appeal, according to M.R.S.A Title 36 Section 706A.
Failure to respond or report according to a personal property declaration request will result in an assessor determination of value of the business personal property and may bar a taxpayer’s right to an appeal, according to M.R.S.A Title 36 Section 706A.
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