What are the two forms used to report personal property?

The correct forms used to report personal property in New Jersey are PT-10 and PT-10.1. The PT-10 is a general reporting form used by businesses to declare personal property that is subject to taxation, while the PT-10.1 serves as a more detailed form that may capture additional information required by the tax assessor for valuing personal property accurately. These forms are essential for ensuring compliance with tax laws and for the proper assessment of personal property taxes.

Other options listed do not correspond to established forms for reporting personal property in New Jersey. The PT-1 and PT-2, for example, relate to different aspects of property taxation, and similarly, PT-5 and PT-6 do not pertain specifically to personal property reporting. Each form has its designated use, which reinforces the importance of using the correct documentation for tax assessment processes.