What happens if my business moves out of Ypsilanti during the year?
December 31st is tax day in the State of Michigan. Unlike real property where taxes are prorated at the time of sale, a personal property tax is due for the entire year. For example, if your business moves out of the city on any day during the calendar year following tax day (December 31st), you, as a business owner, are still liable for the personal property tax for the remainder of the calendar year.

Personal property taxes would be due to the City or Township your business re-locates to the following year. Your business cannot be taxed a personal property tax by two jurisdictions in the same year.

Show All Answers

1. What is personal property?
2. What are some examples of personal property?
3. Where and how often do I have to file a personal property statement?
4. Who says I have to file a personal property statement?
5. What type of information do I include on the personal property statement?
6. What about used equipment?
7. Do I report equipment that I am leasing?
8. I lease space my business occupies. Do I have to pay a personal property tax?
9. Where does the tax money collected go?
10. What if I want to appeal my assessed value on my personal property?
11. What are my responsibilities as a business owner?
12. What happens if my business moves out of Ypsilanti during the year?
13. What happens if personal property taxes become delinquent?