Individual Personal Property
Individual personal property is just that - it belongs to and is used by individuals but is not used to produce income. All privately owned vehicles are assessed as individual personal property, and many require licensing for use on public highways.
All personal property should be reported to the county assessor every year between January 1 and May 31 to avoid a late assessment penalty of 10%.
Check with your local assessor to see if online assessment is available in your county.