Personal Property is taxable in the State of Maine. It consists of furnishings, fixtures, machinery, equipment, telecommunications, computers, trailers, box trailers, signs and other heavy equipment, etc. As prescribed by State Law a Declaration of value is sent each year to the business owners. A Business Personal Property Declaration should be filed out and returned to the Assessing Department. Failure to return this form may bar the right to appeal the assessment. If you close, move or sell your business or apt. building after April 1st, you remain liable for the entire yearly bill until the following April 1.