The Tangible Personal Property Tax is a tax levied against the furniture and equipment of a business and the attachments to a mobile home. After the assessed value is determined by the Property Appraiser and millage rates are set by the taxing authorities, the tangible tax roll is then certified and delivered to the Tax Collector for collection. Tax statements are mailed on or before November 1 of each year with payments receiving the following discount rates:
4% if paid in November
3% if paid in December
2% if paid in January
1% if paid in February
Taxes become delinquent April 1 of each year, at which time a 1.5% penalty per month (18% per year) is added to the bill. Within 45 days after the Personal Property Tax becomes delinquent, a list of delinquent tangible personal property taxpayers will be advertised once in a local newspaper; the cost of the advertisement will be added to the amount of the tax bill due. Businesses and mobile home owners with attachments who have overdue taxes will have warrants issued against them by the Tax Collector; the Tax Collector will also apply to the Circuit Court for an order directing levy and seizure of the owner's tangible personal property for the amount of unpaid taxes and costs.
Although the Tax Collector is responsible for collecting tangible personal property tax, changes to that tax roll (i.e. name, address, location, and assessed value) are processed through the Property Appraiser's Office.