Business Personal Property
Taxscribe for Maine Business Owners & CPAs
Modern personal property tax filing for Maine — prepare your return in minutes, import fixed assets, and e-file to participating jurisdictions or email a print-ready PDF to your local assessor.
What is Business Personal Property tax?
Business Personal Property is defined as tangible property including, but not limited to, furniture and fixtures, machinery and equipment, and computer equipment.
Who should file Business Personal Property?
In Maine, all businesses must file a business personal property tax return if they own tangible assets used for business purposes as of April 1.
- Filing deadline
- Most jurisdictions have a filing deadline of May 1st each year.
- Late penalty
- Failure to respond or report according to a personal property declaration request will result in an assessor determination of value of the business personal property and may bar a taxpayer's right to an appeal, according to M.R.S.A Title 36 Section 706A.
When you should file:
Most jurisdictions have a filing deadline of May 1st each year. However, deadlines and specific requirements can vary slightly by municipality. For the most accurate information, it is best to contact your local assessor's office directly.
Extensions:
Some jurisdictions offer filing extensions upon written request. Inquire with your local jurisdiction before the filing deadline to see if they grant extensions.
Exemptions:
The BETE (Business Equipment Tax Exemption) program requires an annual application to be filed with the Assessor no later than May 1st. Only certain types of businesses may apply, and only equipment first subject to tax in Maine after April 1, 2007 may qualify.
Important Notes About Business Personal Property:
- Failure to respond or report according to a personal property declaration request will result in an assessor determination of value of the business personal property and may bar a taxpayer's right to an appeal, according to M.R.S.A Title 36 Section 706A.
Coverage
How Taxscribe works in Maine
Taxscribe supports Business Personal Property filing across Maine. Where your jurisdiction participates in Taxscribe's e-file program, you can submit directly; elsewhere, generate a print-ready PDF and email or mail it to your local assessor. Contact us to see if your jurisdiction participates.