PEGGY A. MOSELEY Charleston County Auditor
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BUSINESS PERSONAL PROPERTY RETURN
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South Carolina law states that all items of personal property used in the operation of a business shall be assessed for property tax purposes. The SC Code of Laws also requires that an annual report of valuation of said personal property be filed by the owner between January 1st and April 30th of each tax year.
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A 10% PENALTY IS APPLIED TO ANY RETURN RECEIVED AFTER APRIL 30TH
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The following information should be taken from your latest Federal and State Income Tax Depreciation Schedules. Attach a copy of your Depreciation Schedule (IRS 4562) and any other information pertaining to depreciation of this property. Do not include property that is licensed by the state of South Carolina (motor vehicles, pleasure boats, or aircraft).
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VALUES OF $0 ARE UNACCEPTABLE WITHOUT PROPER WRITTEN EXPLANATION.
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If any of the furnishings are loaned, leased, rented, or consigned (not owned by you), use the reverse side of this form to describe the property and provide the mailing address of the lessor/property owner.
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I declare that this return, including any accompanying schedules and statements, has been examined by me , and to the best of my knowledge and belief, is a true and complete return made in good faith, pursuant to the provisions of the Code of Laws of South Carolina, 1976 and Amendments.
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