PERSONAL PROPERTY RETURNS
(Form AT3-51) - Frequent Mistakes
these common errors to help ensure the efficient filing and processing
of your personal property return!
Location Reporting Errors
Not providing a breakdown of property
by multiple locations.
Inaccurate or missing address information,
especially regarding towns.
Reporting the mailing address instead
of the actual property location in art A, line 3 of Form AT3-51.
Reporting property not located in Maryland.
Property Reporting Errors
Property reported in wrong depreciation
Failure to report commercial inventory.
Reporting certain exempt registered
vehicles as taxable under line item 1 on Form AT3-51. Some registered
vehicles are taxable, such as those with interchangeable registrations.
Failure to meet the September 1st deadline
for manufacturing applications.
Failure to notify the Department by
October 1st when a transfer/sale/disposal of all personal property
occurs between January 1st and June 30th. Sometimes assessments are
made after the date of transfer.
Failure to respond to estimated assessment
notices. Remember, these will generate tax bills for which the business
owner is liable. The Department only has three years from the April
15th due date to make corrections.
Failure to notify the Department when
the owner goes out of business. Use Form AT3-45 (located on our web
page) for this purpose.
Filing under the wrong Department ID#.
Sole proprietorships/general partnerships
not obtaining an account number from the Department.
Attempting to pre-pay an anticipated
late filing penalty. These penalties are billed at the time the assessment
Inaccurate responses to home-based
business exemption questions.
Failure of home-based businesses to
file an initial return in order to qualify for the exemption under
§7-227, Tax Property Article.