Business Personal Property Taxes
The Commissioner of the Revenue is responsible for the assessment of personal property owned by businesses. Business tangible personal property includes, but is not limited to, office equipment, office furniture and fixtures, computer equipment, heavy equipment, trucks, tractors, trailers, merchants capital and machinery and tools.
Business personal property is assessed on a declining scale based on the cost and year of acquisition. A list of all tangible personal property is required to be attached to the return. The attachment must show date of acquisition and cost.
A business personal property return must be filed annually by May 1st listing all business personal property owned as of January 1st. (See links below for the form and instructions for filing business personal property.) Please direct any questions about assessment to the Commissioner’s Office. (276-730-3080)
Tax tickets are due and payable by December 5th. Payment of Business Personal Property tax is made to the Treasurer’s Office, 605-10 Pine St., Hillsville, VA 24343. Contact the Treasurer’s Office (276-730-3060) for questions concerning billing.
Form CC - 1 Instructions
Click here to download the Business Instructions.
Form CC - 1
