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Business Personal Property, EMPP and ESA

REMEMBER: Personal Property Statements and Exemption claims for 2024 are due February 20th.

Business Personal Property

All personal property accounts with a true cash value of less than $80,000 are now exempt from taxation but the owner MUST file a statement with the local municipality to request the initial exemption. The form must be received by the Assessor no later than February 20 each year. Beginning with tax year 2019, as long as the exemption form was timely filed, business owners only need to file for the exemption one time and the exemption will remain until removed by the business owner or through the assessor's audit process. It is the business owner's responsibility to rescind this exemption when they no longer qualify, such as a change in ownership of the business or the acquisition of additional personal property.

Additionally, Personal Property valued greater than or equal to $80,000 but less than $180,000 must file Form 5076 along with a completed Form 632 Personal Property Statement as an attachment to Form 5076 to verify the total true cash value. 

Any changes after tax day, such as a change in ownership, location, taxable status or condition of the assessable property of the business will NOT affect either the assessment or the liability for taxation of the assessable property, except as otherwise specifically provided by statute.

More information on business personal property can be found on the State of Michigan website.

EMPP (Eligible Manufacturing Personal Property) and ESA (Essential Services Assessment)

Eligible Manufacturing Personal Property (EMPP) is defined as all personal property located on occupied real property if that personal property is predominantly used in industrial processing or direct integrated support.

More information on EMPP/ESA can be found on the State of Michigan website.

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