Tangible Personal Property
Taxscribe for Virginia Business Owners & CPAs
Modern personal property tax filing for Virginia — 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?
Business tangible property includes property owned by the business, property owned personally and used in the business on a full- or part-time basis, property received as a gift, property that is leased or rented, and property that is fully depreciated or expensed for federal tax purposes. Examples of business tangible property include furniture, fixtures, computer equipment, heavy equipment, and vehicles.
Who should file Tangible Personal Property?
Anyone who owns business tangible personal property on January 1st should file a return.
- Filing deadline
- May 1st of each year
- Late penalty
- Late filing penalties may be assessed for renewals submitted after May 1.
When you should file:
The filing deadline for business tangible personal property is May 1st of each year.
Important Notes About Tangible Personal Property:
- Late filing penalties may be assessed for renewals submitted after May 1.
- If the filing deadline falls on a Saturday, Sunday, or county holiday, the deadline is the following business day.
- Contact your local assessor to learn more about filing extensions and exemptions in your jurisdiction.
- All questions should be directed to your local assessor.
Coverage
How Taxscribe works in Virginia
Taxscribe supports Tangible Personal Property filing across Virginia. 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.