Download: Business Personal Property Tax Form
The Commissioner of the Revenue is responsible for the assessment of personal property owned by businesses. Business tangible personal property includes, but is not limited to, office equipment, office furniture and fixtures, programmable computer equipment, heavy equipment, trucks, tractors, trailers, merchants capital and machinery and tools.

Business personal property is assessed on a declining scale based on the cost and year of acquisition. A list of all office equipment, furniture and fixtures and programmable computer equipment is required to be attached to the return. The attachment must show date of acquisition and cost.

Tractors and semi-trailers that carry apportioned plates and are for hire must file a report showing interstate miles traveled in each state. Additional information on the assessment of these vehicles may be obtained by contacting the Commissioner's office.

A business personal property return must be filed annually by May 1 for all business tangible personal property owned as of Jan. 1. Tax tickets are due and payable by Dec. 5. Please direct any questions about assessment to the Commissioner's office. Contact the Treasurer's office for questions about billing.

Virginia personal property tax is assessed by the Commissioner of Revenue. Any assessment questions should be directed to the Commissioner of Revenue. Payment of personal property taxes is made to the Treasurer. Montgomery County does not pro-rate personal property taxes. Personal property is assessed based on ownership and garage jurisdiction as of Jan. 1 of each year. Personal property tax rates are set annually by the Montgomery County Board of Supervisors.