Business Personal Property
Taxscribe for South Carolina Business Owners & CPAs
Modern personal property tax filing for South Carolina — 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 (BPP) Tax is a property tax on the depreciable assets of a business. Property typically includes the furniture, fixtures, and equipment that are owned and used to operate a business.
Who should file Business Personal Property?
All businesses are required to file Business Personal Property Tax returns. This includes businesses (foreign or domestic) that lease equipment located in South Carolina.
- Filing deadline
- Business Personal Property Tax Returns are due four months after the business's accounting closing period.
- Late penalty
- If you do not file your return by the due date, the SCDOR will assess an estimated value based on the prior year's return and an additional 10% penalty.
When you should file:
Business Personal Property Tax Returns are due four months after the business's accounting closing period. The accounting closing period refers to the business's year end, when the accounting books are closed for Income Tax purposes.
Exemptions:
Some exemptions for personal property may be available. Contact your local assessor for more information.
Important Notes About Business Personal Property:
- If you do not file your return by the due date, the SCDOR will assess an estimated value based on the prior year's return and an additional 10% penalty. The final assessed value is then certified to the county for billing.
- Any questions regarding business personal property tax should be directed to your local assessor.
Coverage
How Taxscribe works in South Carolina
Taxscribe supports Business Personal Property filing across South Carolina. 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.