What is the Personal Property Tax?

The Personal Property Tax is assessed to individuals, partnerships, associations, trusts, corporations, limited liability companies and other legal entities that own or hold taxable personal property on January 1st.
Taxable personal property includes: tools and equipment; machinery; business furniture and fixtures; merchandise; poles, underground conduits, wires and pipes; and household effects and furniture in a home which is not their domicile.

Appears in: Personal Property FAQs

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