Property Assessor Masthead Image

Real Property/Admin.
319 N. Maple St.
Suite 200
Murfreesboro, TN 37130
Phone: (615) 898-7750
Fax: (615) 898-7854

Business Personal Property
319 N. Maple St.
Suite 218
Murfreesboro, TN 37130
Phone: (615) 898-7761
Fax: (615) 898-7854

Tangible Personal Property Schedule

 

– NOTICE –

We can no longer fill out the tangible personal property schedule for you.

The Rutherford County Assessor’s Office can no longer complete your tangible personal property schedule. Under T.C.A. § 67-5-903(b), it’s the taxpayer’s duty to complete the schedule by fully listing all property used or held for use in the business or profession. Once completed, it must be returned to us on or before March 1 of each year. If you fail to file or the filing is incomplete, you will receive a forced assessment under T.C.A. § 67-5-903(c). Those with a total depreciated value of $1,000 or less, however, may simply check the “Small Accounts Certification” on the back of the schedule.

Although we can help you complete your schedule,
we can no longer complete it for you.

 

The tangible personal property schedules are mailed by February 1 by the county assessor to each business operating in the county. The schedules are to be completed and returned by the business owner or the business owner’s representative on or before March 1 to the county assessor. If the business owner does not receive a schedule they should call the local assessor’s office for a schedule. All businesses that do not return a schedule will be Force Assessed by the county Assessor’s Office.

Part I – General Data

This section of the Tangible Personal Property Schedule contains information such as actual property address of the business, type of business, phone number, owner of real estate, business owner, contact person, state sales tax number, IRS identification number, and business license number. If the schedule you receive has this information preprinted and the information is incorrect, please make changes so that the Assessor’s Office can have correct information regarding your business.

Part II – Owned Personal Property

There are 10 groups of Tangible Personal Property:
Group 1 - Furniture, Fixtures, General Equipment, and all other Property not listed in any other Group.
Group 2 - Computers, Copiers, Fax Machines, Peripherals, and Small Tools.
Group 3 - Molds, Dies, and Jigs
Group 4 - Aircraft, Towers, and Boats
Group 5 - Manufacturing Machinery
Group 6 - Billboards, Tanks, and Pipelines
Group 7 - Scrap Properties
Group 8 - Raw Materials and Supplies
Group 9 - Vehicles
Group 10 - Construction-in-Process

Part III - Leased Tangible Personal Property

The Leased Tangible Personal Property Section is to be completed by reporting all items leased or rented by the business for the conduct of your business as of January 1 regardless of any contract between the lessor and lessee as to who shall pay the taxes.  Leased personal property is to be assessed to the lessee. Required information includes item description including make and model number, year made or year of acquisition, original cost new or retail price if cost new is not known, term of the lease or the year the lease began, monthly rent, and name and address of the lessor.

Part IV – Owned Items with Nonstandard Value

Report any property on which you wish to report a value different from standard depreciated cost where such value more closely approximates fair market value. You will be required to submit supportive information to substantiate this nonstandard value request. This information is required before the Assessor’s Office can consider accepting the nonstandard valuation.
Small Account Certification – If you believe the total depreciated value of your tangible personal property in all groups is valued at $1,000 or less, you may choose this option to file your tangible personal property schedule. Your assessed value per schedule will be $300. Even though you choose this option, your business can still be subject to audit.
Signature – The Personal Property Schedule must be signed and dated. Unsigned schedules will not be processed.

Forms

Instructions for Completing Tangible Personal Property Schedule

2014 Tangible Personal Property Schedule

Asset Listing

  • Tennessee Division of Property Assessment
  • International Association of Assessing Officers
  • Colorado Customware Inc.
  • Apex
  • Marshall & Swift