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 $80,000. Below you will find the link to the form and additional information regarding personal property: