How is my business property valued?
For our purposes, the assessment is based on the original cost of the equipment and purchase date. Each year we use a declining value scale, based on the year of acquisition, to adjust the value for taxation.

Show All Answers

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?