What is Personal Property?Tangible property owned, claimed, possessed or controlled in the conduct of a profession, trade or business may be subject to property taxes.
In general, Business Personal Property is all property owned or leased by a business except:
- Real Property (land, buildings and other improvements), and
- Business Inventory (items held for sale)
Business Personal Property includes, but is not limited to:
Business Personal Property is valued annually as of January 1.
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