<?xml version='1.0' encoding='utf-8'?>
<section article="gtp" article_name="Tax - Property" number="7-245" title_number="7" title_name="Property Tax Exemptions" subtitle_number="2" subtitle_name="General Property Tax Exemptions">
  <level label="a">
    <text>A person’s personal property is not subject to valuation or to property tax if all of the person’s personal property statewide had a total original cost of less than $20,000.</text>
  </level>
  <level label="b">
    <text>If the person attests to owning a sum total of personal property with an original cost of less than $20,000, the Department may not:</text>
    <level label="1">
      <text>collect personal property information from the person; or</text>
    </level>
    <level label="2">
      <text>require the person to submit a personal property tax return.</text>
    </level>
  </level>
</section>
