(a) All persons shall, on or before the first day of April of each year, furnish the assessor and collector of taxes of the city a full and complete statement, list and schedule, verified by affidavit, of all real and personal property situated in the city not otherwise exempt and all personal property located elsewhere and subject to taxation in the city, owned, held or controlled by them or in their possession as agent, bailee, warehouseman or custodian on the first day of January next preceding and shall, in such statement, list and schedule, state the name and address of the owner of such property.
(b) The assessor and collector of taxes shall provide a form for the rendition of income producing personal property. A person furnishing the statement, list, and schedule of income producing personal property required in Subsection (a) shall use the form provided by the assessor and collector of taxes and shall state the market value of the property listed.
(c) For the purpose of this section “income producing personal property” means tangible personal property used in the course of conducting a business.
(d) For the purpose of this section the market value of income producing personal property shall be established using any method approved by the State Property Tax Board in its current edition of the General Appraisal Manual. (Ord. 16788)