Personal Property Filings

We manage hundreds of personal property returns across the nation annually, ensuring that filings are accurate and compliant with local regulations. Our experienced team handles every detail, from preparing and submitting returns to managing the nuances of periodic audits. This strategic approach allows us to uncover potential tax savings and ensure our clients remain in good standing with tax authorities.

In addition to regular filings, we take a proactive approach to identify tax reduction opportunities. By thoroughly analyzing personal property data, we have consistently delivered substantial savings for our clients, helping businesses minimize tax burdens and maximize operational efficiency. Our expertise and commitment to detail ensures that you benefit from an efficient and cost-effective filing process, year after year.

What are some key functions of Personal Property Filings?

Each State and local jurisdiction has their own tax structure, but here are some common examples of Business / Commercial Personal Property Taxes that a property owner may have to deal with:

Vehicles and Transportation Assets

  • Company planes, jets, cars, trucks, vans, delivery vehicles, trailers, and specialized vehicles like forklifts or service trucks.
  • These assets are used for transportation and logistics.

Inventory Held for Sale

  • Includes retail merchandise, raw materials, and finished goods that are intended for resale.
  • Inventory is classified independently because it is held as part of the business’s sales operations, not for internal use.

Heavy Machinery and Construction Equipment

  • Excavators, bulldozers, cranes, generators, and industrial power tools used in construction or heavy industries.
  • These items are specialized equipment for specific industries, distinct from the general operational assets.

Leasehold Improvements

  • Tenant-installed enhancements like custom walls, HVAC systems, built-in shelving, or upgraded electrical systems.
  • These improvements are classified separately because they are part of the investment in the leased space.

Agricultural and Farm Equipment

  • Includes tractors, irrigation systems, harvesters, and other farm machinery.
  • These assets are used specifically for agricultural production rather than typical business operations. This is separate from Livestock and Agricultural Products.

Digital Equipment and IT Infrastructure

  • Includes servers, network hardware, data storage devices, and other digital infrastructure not classified as standard office equipment.
  • These items often have specialized usage and are reported separately from regular business equipment.

Signage and Advertising Displays

  • Digital billboards, movable signs, and promotional displays used for marketing purposes.
  • These assets are focused on advertising rather than supporting general business activities.

Utility and Energy Equipment

  • Includes backup generators, solar panels, energy storage systems, and other movable energy infrastructure.
  • These items are part of a business’s utility and energy management setup.

Rental and Leasing Assets

  • Equipment specifically held for rental to customers, such as audio-visual gear, party equipment, and construction tools.
  • These items are considered rental inventory and are reported separately because they generate rental income rather than being used directly by the business.

Livestock and Agricultural Products

  • In certain jurisdictions, livestock (e.g., cattle, horses, poultry) and harvested agricultural products may be considered taxable personal property.

FF&E (Furniture, Fixtures, & Equipment)

  • Furniture: Desks, chairs, tables, filing cabinets, and office partitions.
  • Fixtures: Lighting, shelving, and decorative elements that are movable but essential for business operations.
  • Equipment: Computers, printers, kitchen appliances, point-of-sale systems, and other operational tools.
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Property Tax Appeals

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Furniture, Fixtures, & Equipment (FF&E)