Listing Date – Is as of the close of business on December 31 or a fiscal year-end of the preceding year. Your personal property values, except inventory, will be reported in your return as of this date.

Lien Date – The annual date for determining the taxability of property is the beginning of the first day of January of each year. Any form of business entity owning or controlling tangible taxable property on a given tax lien date is considered to be a taxpayer.

If a taxpayer is using a fiscal year-end for Federal tax purposes, it must be used for Personal Property tax reporting. If the taxpayer would happen to not have been in business for a full twelve months immediately preceding the fiscal year-end, property must be listed using a calendar year-end (December 31).