No filing is necessary in the year of placement for the reason that it had no assessable property in Michigan on the Tax Day applicable to that tax year. Line 8: You are required to report all personal property, even if it has been fully depreciated or expensed for income tax or financial accounting purposes.Real and Personal Property Statements. You will need Adobe Acrobat Reader installed to view the tax forms listed below. This form must be filed in the city or township where the personal property is located on Dec. Information on the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) and how it affects a foreign person with real property interest. Forms are available at the Detroit Taxpayer Service Center (DTSC) in suite 130 and in the Forms Library outside of suite 130. You most likely have to file a Personal Property Tax Statement every year. Save time and confusion with our step-by-step instructions and tips. This depreciation is the "holdback" element that the insurance company reduces from the replacement cost based on the age, condition and item involved.
