If you're a business owner in Michigan, and you're not exempt, you will have to pay Personal Property tax for the computers, display racks, equipment, furniture, shelving, etc.. This means you will have to file a
Personal Property Statement to let the Assessor know the value of your property. State law requires you to file by February 20th every year.
Recently, there has been a change to the law regarding personal property exemptions. To qualify for the Small Business Property Tax Exemption, the true cash value of all your commercial property has to be less than $180,000. Below you will find the link to the form and additional information regarding personal property:
Small Business Property Tax Exemption
Request to Rescind the Small Business Property Tax Exemption
Personal Property FAQs.
Any business that has closed, sold, or moved from East Grand Rapids must immediately notify the assessor in order to avoid future assessments. If you no longer do business in East, please provide a written statement that your business has closed, sold or moved to: City of East Grand Rapids, C/O Assessors Office, 750 Lakeside Dr. SE, East Grand Rapids, MI 49506