Who is required to file the business personal property tax return?
Every established business, trade, or profession is required to file business personal property tax. The business return is required of every business regardless of size or number of employees. It is not acceptable for businesses to not file the required forms with the expectation that the Commissioner’s Office will simply pick up the past year’s information as the basis for assessment of the current year’s taxation.

Businesses should attach a detailed list of their property to include the following to their BPP return:
• Their current federal depreciation schedule, or
• An itemized list of all property owned or leased by your business.

Show All Answers

1. What is business personal property tax?
2. How is business personal property assessed?
3. Who is required to file the business personal property tax return?
4. What is a detailed fixed asset list?
5. What should be included on the asset list?
6. What items are exempt from the business personal property tax?
7. Is there a minimum dollar amount that does not have to be reported?
8. Is leased equipment taxable?
9. When are the annual business personal property tax returns mailed to businesses?
10. When are the annual business personal property tax returns due?
11. What should I do if my business has an address change, moves, or closes?
12. How does my responsibility change if I am a merchant?