Sudbury Assessors' Notice

Sudbury MA

01 January, 2021

8:50 AM

Description

Press release from the Town of Sudbury: December 31, 2020 Assessors' Notice ASSESSORS NOTICE FISCAL YEAR 2022– FORM OF LIST Return of Personal Property Subject To Taxation General Laws Chapter 59 §29 TO BE FILED BY ALL INDIVIDUALS, PARTNERSHIPS, ASSOCIATIONS OR TRUSTS, CORPORATIONS, LIMITED LIABILITY COMPANIES AND OTHER LEGAL ENTITIES SUBJECT TO TAXATION IN THE TOWN OF SUDBURY TAXABLE PERSONAL PROPERTY This notice is primarily for businesses and business owners in Sudbury. In general, all tangible personal property situated in Massachusetts is taxable unless expressly exempt. The primary exemption for individuals is for household furnishings and effects at the person's domicile. GL c. 59, §5 cl 20. This includes the personal property kept in or about the house or garage. The domicile of a person is the place he or she calls home and intends to return to when away. Determination of domicile often requires an analysis of several factors, including where the person is registered to vote, completes a census, registers an automobile and has community ties. If you are a Sudbury resident, your household personal property is not taxable locally. Therefore, you do not need to file a Form of List. GENERAL INFORMATION (Reprinted from Department of Revenue, State Tax Form 2). A. WHO MUST FILE A RETURN. This Form of List (State Tax Form 2) must be filed each year by all individuals, partnerships, associations, trusts, corporations, limited liability companies and other legal entities that own or hold taxable personal property on January 1. This may include owners of pipelines and telephone and telegraph companies that are required to file a personal property return with the Massachusetts Department of Revenue under GL, Ch. 59 §38A or 41 and also own other taxable personal property. The printed return should be returned by March 1, 2021 to: Town of Sudbury Board of Assessors 278 Old Sudbury Rd. Sudbury, MA 01776 Attachments Form of List Form of List Telecommunication Companies Form 3ABC This press release was produced by the Town of Sudbury. The views expressed here are the author's own.