Personal Property Information

Personal Property is Taxable in the State of Maine:

Taxes are levied against all furniture, fixtures, computers, machinery and equipment. Including assets which are fully depreciated for income tax purposes located in the business. Assets located in Oxford on April 1, are taxed in Oxford and are required to be reported to Oxford.

The department mails a request for a true and perfect list of all business assets in February and the deadline for filing is May 1.

Note: Failure to file bars a taxpayer’s right to appeal his or her valuation. If a business does not exist as of April 1, the taxpayer’s failure to notify the Assessing Department by May 15, failure to report will result in the issuance of a tax bill.