Business Personal Property
Taxscribe for Utah Business Owners & CPAs
Modern personal property tax filing for Utah — 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 includes all tangible assets a business owns and uses for its operations that are not considered real property. Examples include furniture, fixtures, machinery, and equipment.
Who should file Business Personal Property?
Anyone who owns, leases, or controls tangible personal property used for their business on January 1st must file an annual Business Personal Property Return.
- Filing deadline
- May 15
- Late penalty
- $25 or 10% of tax due (whichever greater)
When you should file:
Personal property returned should be filed with the county assessor's office by May 15th.
Exemptions:
The following are exempt from personal property tax:
- Tangible personal property with a total aggregate fair market value of $29,300 (2025) or less per taxpayer within a single county
- An item owned by a business that is not critical to the business and whose acquisition cost is less than $500
- Supplies
- Inventory held for resale in the normal course of business
- Farm equipment and machinery used primarily for agricultural production
- Livestock
- Personal property used for irrigation purposes
Important Notes About Business Personal Property:
- If a business fails to provide the requested information, the assessor must impose a penalty of $25 or 10 percent of the tax due, whichever is greater
- A business may appeal any property valuation to the county board of equalization. Appeals must be filed within 60 days of the date the tax notice is mailed by the assessor
Coverage
How Taxscribe works in Utah
Taxscribe supports Business Personal Property filing across Utah. 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.