Personalty taxes are levied on business furnishings and equipment that you report to the Shelby County Assessor each year.

The Assessor furnishes a schedule to each business owner no later than February 1 of each year. Included on this schedule is a detailed list of all tangible personal property owned by the business. The Assessor determines the value of your personal property based on the information supplied.

It is the duty of the taxpayer to fully list tangible personal property, including other information required by the Assessor, to place a correct value on the property, and to sign and return the schedule prior to March 1, of the same year. If the schedule is not returned to the Assessor by the due date a forced assessment is given.

Anyone in business on January 1^st of any given year is responsible for the entire year's tax, even if they ceased operations prior to December 31^st of that same year.

If a business is no longer operating in Shelby County:

• Contact the County Clerk’s office at (901) 545-4244 to ensure that the business license (for those businesses requiring one) has been canceled.
• Contact the County Assessor at (901) 379-7333, as to the disposition of the equipment, so your account can be removed from the next years' tax rolls.
• Contact the County Trustee at (901) 521-1829 concerning your tax liability.