Tangible Personal Property
Taxscribe for Rhode Island Business Owners & CPAs
Modern personal property tax filing for Rhode Island — 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 Tangible Personal Property tax?
Tangible personal property is business property other than real estate that has value by itself. It includes such things as: furniture, fixtures, tools, machinery, signs, equipment, leasehold improvements, and leased equipment. It also includes any other equipment used in business or industry.
Who should file Tangible Personal Property?
Anyone in possession of assets on December 31, who has a proprietorship, partnership, corporation, or is a self-employed agent or contractor, must file a return each year.
- Filing deadline
- Between December 31 and January 31 of any given year.
When you should file:
Taxable personal property must be declared to the Assessor between December 31 and January 31 of any given year.
Extensions:
If a taxpayer is unable to make such a declaration within the prescribed time, they may submit written notice prior to January 31 of intention to submit a declaration by March 15. You may extend the deadline if, by April 15, the assessor receives your written request AND $20 for a 10-day extension, or $40 for a 20-day extension.
Exemptions:
All Tangible Property Accounts will have the first $50,000 in assessed value exempt from the Tangible Tax. However, all businesses will still be required to file the Annual Declaration of Value regardless of asset value.
Important Notes About Tangible Personal Property:
- Failure to file within the prescribed time may eliminate the right to appeal.
- All questions should be directed to your local assessor.
Coverage
How Taxscribe works in Rhode Island
Taxscribe supports Tangible Personal Property filing across Rhode Island. 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.