Get the free Business Tangible Personal Property TaxCity of Fairfax, VA

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RETURN OF BUSINESS TANGIBLE PERSONAL PROPERTY & MACHINERY AND TOOLS COMMISSIONER OF THE REVENUE 2/152019CITY OF SALEM 114 N. BROAD ST., P.O. BOX 869 SALEM, VA 24153 PHONE 5403753019 FAX 5403753048 Website:

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How to fill out business tangible personal property

01

Obtain the necessary forms from your local tax assessor's office.

02

Gather information on all tangible personal property owned by your business, such as equipment, furniture, and supplies.

03

Complete the forms accurately, providing detailed information on each item of property including its description, age, and value.

04

Submit the completed forms to the tax assessor's office by the deadline specified.

Who needs business tangible personal property?

01

Any individual or business that owns tangible personal property used for commercial purposes may need to fill out a business tangible personal property form.

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What is business tangible personal property?

Business tangible personal property refers to physical assets owned by a business that are used for producing income, such as equipment, machinery, furniture, and vehicles.

Who is required to file business tangible personal property?

Business owners or entities who own tangible personal property used for business purposes are required to file business tangible personal property.

How to fill out business tangible personal property?

To fill out business tangible personal property, you need to provide details about the tangible assets owned by your business, including their description, quantity, and value.

What is the purpose of business tangible personal property?

The purpose of business tangible personal property is to assess the value of a business's physical assets for tax or accounting purposes.

What information must be reported on business tangible personal property?

Information such as the description, location, quantity, and value of the tangible personal property must be reported on business tangible personal property.

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