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We bought a condo last fall in Myrtle Beach. It's a 3BR which will be rented most of the year. We knew there was a "personal property tax" but it showed as about $300-500 per year on the listing so we didn't worry about it.
Now I get this form and they want me to detail EVERY stinking thing I own in the unit? Seriously? Things as mundane as blinds, lamps and wastebaskets? How the heck do I know what it's value is? How do I know what the owner put last year, I surely don't want to put more, but if I put much less will they come knocking? Would be nice if they told me the tax RATE so I could put enough down to come in around a few hundred owed in tax. And is it even legal to tax people year after year on the same items? I'm surprised it hasn't been challenged.
And what do I actually own and what does the resort "own". I know I have to replace furniture and appliances so I own them....
by the way, I live in another state which taxes plenty, but at least they don't nickel and dime and ask how many of whatever I have in my home!
So, my question is.....HELP!
Yes...a "rental" is considered a "business"....you also need to pay for a business LICENSE! It's crazy!
That said, we didn't get a form like that...and the stuff in our condo is about 10 years old...not much "value" to it anymore! We didn't have to list trashcans, or stuff like that. Only washer/dryer, stove, fridge, etc...
I’m very confused. I own my primary residence and a condo I rent to my daughter and her boyfriend. I never received a form like this. I don’t have a business license. My accountant has never said anything to me about these either. Although they pay rent it just pays the bills. We bought it for an investment, hoping it appreciates when we sell in the future. In the meantime it gives them a break on rent. Please advise as I’m concerned. Thanks
Yes...a "rental" is considered a "business"....you also need to pay for a business LICENSE! It's crazy!
That said, we didn't get a form like that...and the stuff in our condo is about 10 years old...not much "value" to it anymore! We didn't have to list trashcans, or stuff like that. Only washer/dryer, stove, fridge, etc...
They are not mailing the form this year. I got a card recently saying that you do it online now. my condo is not rented out, only a second home, so I don't have to pay taxes on the personal property. Well, I did the first year because the previous owners did not file the form for the year.
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? Things as mundane as blinds, lamps and wastebaskets? How the heck do I know what it's value is? How do I know what the owner put last year, I surely don't want to put more, but if I put much less will they come knocking? Would be nice if they told me the tax RATE so I could put enough down to come in around a few hundred owed in tax. And is it even legal to tax people year after year on the same items? I'm surprised it hasn't been challenged. 
