The State of Michigan requires all commercial and industrial businesses to submit a Personal Property Statement to the Assessor's Office no later than February 20 each year. To ensure timely processing and correct valuation please turn these statements in as soon as possible. Asset listings with addresses of the property location(s), acquisition date and cost, asset category, and disposal lists are extremely helpful. If your company closed prior to December 31 of the previous year, you must notify the Assessor's office in writing prior to the March Board of Review or you may have an assessed and taxable value assigned to your account which will result in future tax bills.