How is Personal Property Appraised?
The Tangible Personal Property Schedule is used to calculate personal property appraisals for businesses. When completing the tangible personal property schedule, it is important to include all tangible personal property used or held for use in the business as of January 1 of the current year. To avoid a Forced Assessment, a completed schedule must be returned to the Assessor on or before March 1 of each year.
Click here for complete instructions on how to prepare a Tangible Personal Property Schedule.
For more information on completing a Personal Property Schedule, contact the Personal Property Department:
How is Personal Property Assessed?
An assessment is a percentage of an appraised value. The percentage is determined by property classification. Most Tangible Personal Property is assessed at 30% of the appraised value. Limousine businesses are assessed at 55% of the appraised value. Try the Property Tax Calculator to see how assessment values affect property taxes.
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