Business closed / sold / moved
The business closed, but the tangible account did not disappear.
Closing a business can leave unresolved tangible personal property records behind. The county may still need information about when operations stopped, what happened to the assets, and whether returns were filed for the affected tax years.
What to gather
- Date the business stopped operating at the location
- Date assets were sold, transferred, discarded, or moved
- Buyer information if the business or assets were sold
- Prior DR-405 returns and asset schedules
- Any Property Appraiser or Tax Collector correspondence
Why tax year matters
A later closure does not automatically eliminate a January 1 assessment. Review each tax year separately and document what property existed at the relevant location and date.
Update the correct office
The Property Appraiser typically maintains the tangible account and business-status information, while the Tax Collector handles the tax bill. Depending on the county and stage of the account, you may need to address both records.