Anytime a person receives a Business Property Statement from the Assessor and their business was no longer in operation as of the Lien Date (January 1), a Moved, Sold, Closed form must be signed and returned to the Assessor.
Please include the date you closed the business, as well as the status and location of any equipment owned or used by you at the time the business closed. If any of the property was sold to another person or business, please indicate the buyer's name and address. If any of the property was moved, please indicate to where.
When a business has closed but you still own equipment previously used in the business, it may still be taxable despite the fact the business is closed. If the equipment you still own was converted to personal effects, then it may not be assessable.
Depending on circumstances, the assessor may determine that a Business Property Statement is still required.