Commissioner-of-the-Revenue

Business personal property taxes

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 business equipment, furniture and fixtures and programmable computer equipment is required to be attached to the return. The attachment must show date of acquisition and original cost.

Tractors and semitrailers 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. The Commissioner's Office uses a statutory assessment program for businesses that do not file a complete form. Taxes are due Dec. 5. Please direct any questions about assessment to the Commissioner's Office. Contact the Treasurer's Office for questions about billing.

Personal Property Tax Rates

  • Personal property - $2.55
  • Motor vehicle - $2.55
  • Business furniture & fixtures - $2.55
  • Computer equipment (for businesses) - $2.55
  • Merchants capital - $3.05
  • Machine & tool - $1.82
  • Aircraft - $1.23
  • Mobile home - $0.89
  • Real estate - $0.89

Contact
Montgomery County
Government Center
755 Roanoke St. Ste. 1A
Christiansburg, VA 24073

Phone: (540) 382-5710
Fax: (540) 381-6838
email | directions

Hours: Mon.-Fri.,
9 a.m. to 5 p.m.