You are required to notify the County Assessor's Office and the Office of the Tax Collector at least 48 hours prior to the closure or sale of the business. The 2024 business personal property listing form and instructions is for any individual(s) or business(es) owning or possessing personal property.The IPP Taxscribe Personal Online Listing System allows taxpayers to file extension requests, manage multiple listings, file online, and quickly update data. 1. Who sets the Personal Property tax rate? Use Form 4797 to report: The sale or exchange of property. The involuntary conversion of property and capital assets. If you sold business-use property during the year, you had a gain or a loss on the sale. Complete and file Form 4797: Sale of Business Property.