Is there an abatement process for personal property?
If a taxpayer feels that the property tax should not have been assessed or if the amount of the assessment is too high due to an error, an application for abatement can be made. If no form of list was filed for the fiscal year, the assessors cannot grant abatement for overvaluation of personal property that year. If the form of list is not filed on time the assessors can grant an abatement only if the taxpayer shows a reasonable excuse for the delay, or unless the tax assessed is more than 150% of the amount that would have been assessed if the list had been filed timely. In that case, only the amount over the 150% of the correct value can be abated.

For more information, view Massachusetts General Laws Chapter 59, Section 61.

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1. To whom is the tax assessed?
2. Who is required to file a personal property report known as the form of list?
3. When should I file the form of list?
4. Where can I get the form of list?
5. What do the assessors do with the form of list?
6. What happens if I don't file a form of list?
7. Is the form of list a public document?
8. What is meant by type of ownership?
9. How does the type of ownership affect the form of list?
10. What method is used to value the personal property?
11. Is machinery taxable?
12. What is considered machinery for personal property purposes?
13. What is machinery "used in the conduct of business?"
14. What is manufacturing?
15. How does a corporation become classified as a manufacturer?
16. Is any personal property exempt?
17. Is there an abatement process for personal property?
18. I bought my business equipment at a yard sale. Isn't the taxable value the price I paid for it?
19. The stereo system at my shop is mine from home. Is it taxable personal property?
20. The power tools I use in my shop are owned by the building owner. Why am I being taxed for them?
21. The coffee machine in my store is leased. Should I be taxed?