Business Property Tax

All businesses located in Pittsylvania County are required to file an itemized listing (including fully depreciated or expensed items) of all business equipment owned as of January 1 of the tax year. This document is due to the Commissioner of the Revenue by February 15th of each tax year. This list should include an asset description, year purchased and original, capitalized cost. Below are some examples:

Type of property Examples
Fixtures and Furnituredesks, chairs, tables, file cabinets, display cabinets, shelving, etc.
Office Equipment typewriters, calculators, cash registers, computers, telephone systems, fax machines, Security Systems, etc.
Leased EquipmentProperty you lease from others (like copiers, computers, etc.) Please include name and address of lessor.
Equipment 
bulldozers, backhoes, loaders, cranes, earthmovers, and other heavy equipment and/or machinery.
Misc. Equipment 

rakes, shovels, saws, small hand tools, and all other business property not included elsewhere.

Signs
Business signs

Business Personal Property

Business personal property (furniture, fixtures, and hand tools) is assessed at a percentage of the cost ranging from 30-5% depending on the year acquired. Heavy construction machinery, including but not limited to land movers, bulldozers, front-end loaders, graders, packers, power shovels, cranes, pile drivers, forest harvesting and silvicultural activity equipment and ditch and other types of diggers owned by businesses are assessed at 10% of the original cost. The tax rate set by the Board of Supervisors is the same as personal property - $9.00 per $100 assessed value.

Filing Information

Businesses are requested to file an itemized list of personal property and equipment declaring the date of acquisition and original cost. Machinery or tools used directly in the harvesting of forest products and liable for payment of forest products tax shall be taxed at the machinery and tool rate set by the Board of Supervisors, which is currently $4.50 per $100 assessed value. To qualify for this taxation, copies of the forest products tax return must be submitted with the yearly reporting form.

The return must be filed by February 15; however, if this date falls on a weekend or a legal holiday, the deadline is the next business day. If the return is received after the filing date or not returned there is a 10% or $10 penalty (whichever is greater) assessed. Any questions concerning the business personal property tax should be directed to 434-432-7946. If you have filed these Business Tangible Personal Property reports in the past, the Commissioner’s Office will automatically send you the required reporting form for the current year by early January.

If your business is new, or has never filed these reports, you may request them by contacting the Commissioner’s Office at 434-432-7946 or by written communication to P.O. Box 272, Chatham, VA 24531.

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