A single personal property assessment is made for all taxable personal property of the owner located in the city or town. 2. All owners of tangible personal property must complete and file annually a Form-of-List with the assessor in the city in which the property is located.Massachusetts law allows a Last Will and Testament to refer to a separate listing of tangible personal property with designated beneficiaries of such property. All tangible property is subject to a personal property tax unless it's specifically exempted. Tangible property that faces another local tax is exempt. Learn how to fill out a Financial Statement Form, which you need for many types of cases in Massachusetts Probate and Family Court. All individuals and enterprises that conduct business in Massachusetts are required to annually file a Form of List with the Board of Assessors. The list of personal property is confidential. 22 Taxpayers do not need to include any opinion of value on the list. This law applies to anyone who operated a business in the town, even home businesses.
