There are two forms that can be completed L-4155 (initiated by the taxpayer), L-4154 (initiated by the assessor).
The L-4155 (Omitted/ Incorrectly Reported Property Form):
For personal property a timely filed personal property statement is required for an appeal to be considered by the State Tax Commission. If a timely statement has been filed and it was discovered there is omitted or incorrectly reported property complete the L-4155 form; file an amended personal property statement; provide documentation to support your claim; and forward all paperwork to the assessor’s attention. The assessor will review the information, concur or not concur with the request, then forward the paperwork on to the State Tax Commission.
For Real property it must be discovered by the taxpayer that there is omitted or incorrectly reported property. The L-4155 form needs to be completed; provide documentation to support your claim; and forward all paperwork to the assessor’s attention. The assessor will review the information, concur or not concur with the request, then forward the paperwork on to the State Tax Commission.
The L-4154 (Omitted/Incorrectly Reported Property Form):
The assessor/auditor has discovered that there is omitted/incorrectly reported property. The L-4154 form will be completed by the assessor and a copy will be sent to the taxpayer to concur or not concur. When received back from the taxpayer; the L-4154 form and documentation supporting the change will be forwarded to the State Tax Commission.
Once the State Tax Commission receives the L-4154 or L-4155, they will review the information and schedule it for an appearance before the commission. The State Tax Commission meets monthly. The taxpayer will be notified by mail when they will come before the commission.
