What to keep in a business property annual passport
The carry-forward record that makes next year's local business property packet easier to review.
Summary
A business property annual passport should keep the prior asset register, jurisdiction, account number, January 1 site facts, source documents, filed-return confirmation, additions, disposals, owner RMV notes where applicable, and hard-stop notes. It is a record aid, not proof of official filing or valuation.
The passport should preserve source notes, not just totals.
| Carry forward | Jurisdiction, account, site, prior returnReview against the current official form each year. |
|---|---|
| Asset changes | Additions, disposals, movesTie each change to a source record. |
| Official proof | Filed return or receiptKeep local confirmation separately from the software packet. |
Carry forward the local context
Jurisdiction, account number, business name, site address, tax code area, county appraisal district, prior filing confirmation, and official source links help the user restart next year without rebuilding the context.
Carry forward asset history
Keep prior-year assets, additions, disposals, moved items, cost support, source documents, user RMV notes, and category decisions. The next year's beginning file should make changes visible.
Keep the passport in its lane
The passport is not an appraisal report, appeal file, official receipt, or local tax account. It is a review aid for the next self-preparation packet.
Common questions
Does the passport replace the filed return?
No. Keep official filed returns, local confirmations, tax bills, notices, and assessor communications separately.
Why keep disposed assets?
Disposal after January 1 can still matter in some supported lanes. Keeping disposal notes avoids deleting assets without review.
Should I keep photos?
Photos can help identify assets, but they do not replace invoices, fixed asset records, prior returns, or official local records.