Waterford Business Owners:
Property Tax Information
IMPORTANT PERSONAL PROPERTY TAX
INFORMATION FOR WATERFORD BUSINESS OWNERS:
If the True Cash Value of your business equipment is less than $80,000, you may be eligible for an exemption from paying Personal Property taxes. An “Affidavit of Owner of Eligible Personal Property Claiming Exemption from Collection of Taxes” (Michigan Dept. of Treasury Form 5076) MUST be filed with Waterford Assessing NO LATER THAN 5:00 P.M., FEBRUARY 10TH, 2016. To ensure that this document is filed timely, please HAND DELIVER, if possible, to the Waterford Assessing Department, 5200 Civic Center Drive, Waterford, Michigan. This will be the only time of year that the Affidavit will be accepted. This form will be mailed to you along with your 2017 Personal Property Statement at the beginning of January. If you need a new Form 5076, we have them available at the Waterford Assessing Dept. or you can access it from the following State of Michigan link:
http://www.michigan.gov/documents/treasury/5076f_493854_7.pdf
If you are unsure whether or not you qualify, or if you have any other questions regarding the Personal Property tax exemption, please contact the Waterford Assessing Department at 248-674-6270.