Are You Over Paying Your Commercial Personal Property Tax?

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Recently, businesses should have received their Commercial Personal Property Assessment Forms. Every year Potts & Company receives calls from our clients to answer questions about how to complete these forms. One of the most frequently asked questions is how to calculate average inventory. This is because some businesses just don’t count their inventory but once a year, if then. But sometimes clients just call the Assessor. The Assessor’s instructions usually result in an overstatement or understatement of inventory.

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