Business personal property can be defined as all tangible personal property employed in a trade or a business. Businesses are assessed on, but not limited to, office furniture, fixtures, equipment, machinery and tools, merchant’s capital and computer equipment.
Business Personal Property Tax Form
Just click on the links below and print both pages to submit to the our office.
Furniture and fixtures: The 2021 tax rate for Furniture and Fixtures is $2.02 per $100 of assessed value. this reflects no effective change from last year’s rate. The assessment value is based on taking 50% of the original cost.
Merchant’s Capital: The 2021 tax rate for Merchant’s Capital is $.83 per $100 of assessed value. This value is based on 100% of inventory as of January 1st
Machinery and Tools: The 2021 tax rate Machinery and Tools is $2.02 per $100 of assessed value. The assessment is calculated using 55% of original cost.
Filling Due date: Business Personal Property returns must be filed annually by May 1st