About Business Personal Property

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About Your Business Property Assessment Return

Business personal property taxes are used to pay for local government services such as schools, roads, police and fire protection. Business property owners that have assets valued at more than $20,000 must annually complete and file a business property assessment return reporting the cost of all business personal property owned, possessed, or controlled as of January 1st. See the Business Property Exemption for more information on the $20,000 exemption.

The deadline for the return is April 20th. Returns received after the deadline are subject to a 10% late penalty. If a return is not received then the Assessor is authorized to file an involuntary return for the business, estimating its value. Involuntary returns are also subject to the 10% late penalty.

E-filing is now available for business property owners who have filed a return with us in previous years. For more information, click E-filing.

Once the return is submitted, either through E-filing or by mailing the paper return, the Personal Property Section will review the return, establish an assessed value, and notify the taxpayer. The Notice of Assessed Value states that an appeal must be filed within 30 days.

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