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New Kent County, Virginia

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What is considered Business Personal Property?
Virginia State Code Section § 58.1-3503(17) defines business personal property as all tangible personal property employed in a trade or business. Businesses are assessed on, but not limited to, office furniture, fixture, equipment, machinery and tools, and computer equipment.

Commissioner of Revenue - Tangible Business Property - Machinery & Tools

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1. What is considered Business Personal Property?
2. What is the tax rate for business personal property?
3. How do I file a business property return? What is the deadline?
4. I work out of my home; do I still have to file?
5. How is my business property valued?
6. Do I have to file a new business property return each year?
7. Do I have to file if I have no equipment to report?