AO 2020-43, extends the Business Property Assessment Returns due date one month. For tax year 2020 only, assessment returns shall be filed or postmarked on or before May 20, 2020.
Business Personal Property
Business personal property is composed of tangible assets, other than real property, held for use in a business. Taxable business personal property includes, but is not limited to; inventory, supplies, furniture, fixtures, equipment, leasehold improvements, and rental furnishings.
Business Personal Property E-file
Watch for your Business Property Assessment Returns and passwords in the mail in January. The deadline for the return is April 20th. E-filing is no longer available after the deadline. If you have any questions contact our office at (907) 343-6770.
Once the return is submitted, either through E-filing or by mailing the paper return, the Personal Property Section will review the return, establish the assessed value, and notify the taxpayer. The Notice of Assessed Value states that an appeal must be filed within 30 days.
If you are having difficulty processing through e-file you will need to adjust your browser by applying the following fix: On the menu bar click the "Tool" tab, On the dropdown list click on "Compatibility View Settings", In the "add this website" box type "Muni.org"
About Your Business Property Assessment Return
Business property owners that have assets valued at more than $20,000 must annually complete and file a business property assessment return reporting the cost of all business personal property owned, possessed, or controlled as of January 1. (Visit our Exemptions page for more information on the $20,000 Business Property Exemption).
E-filing is available for business property owners who have filed a return with us in previous years. Click here to view how your return can be filed online through April 20. Visit our FAQ pages regarding E-filing for more information.
The deadline for the return is April 20th. Returns received after the deadline are subject to a 10% late penalty. If a return is not received the Assessor is authorized to file an involuntary return for the business, estimating its value. Involuntary returns are also subject to the 10% late penalty.
Leasing Company Information
Leasing companies are encouraged to file electronically using Microsoft Excel. The file should include the following data:
- identification number assigned by your company,
- the physical address of the asset,
- the description of the asset,
- the Municipality of Anchorage schedule number 1-21 (see the Business Property Assessment Return for more information),
- the year of acquisition of the asset, and
- the original installed cost of the asset.
Business Property Assessment Returns are due April 20th; however, the Personal Property Section will accept electronic files beginning January 1 of the tax year. Files can be submitted via email to email@example.com or sent by disk to: Personal Property Section, Municipality of Anchorage, P.O. Box 196650, Anchorage, AK 99519-6650.
Be advised that assets leased to military installations or other exempt entities are not exempt. You must report these assets and they will be assessed. In addition, the Personal Property Section does not recognize or enforce private agreements purporting to transfer the responsibility to file on business assets. If the assets are not reported, the Personal Property Section will file an involuntary return for the lessor of the assets, subject to the 10% late penalty.
||Mobile Home Assessment Return
||Business Property Assessment Return
||30 days from notice of assessed value