Business Personal Property
Business personal property that is located in
the County as of January 1 each year must be declared on County tax
forms. The filing deadline is May 1.
Business personal property is depreciated and
taxed based on a percentage of original cost. Examples of business
personal property include desks and chairs, computer hardware,
specialized tools, machinery, and equipment. (Company-owned vehicles
are subject to the filing requirements for Motor Vehicles.)
Tax on business personal property (except motor
vehicles) is not prorated.
Most business property (except computer
equipment) is assessed at 80% of the original cost for the first year
and 10% less each succeeding year for six years until it reaches a
floor of 20% for all property acquired in the sixth year and all
A new depreciation schedule for computer
equipment became effective on January 1, 2003. According to the new
schedule, computer equipment is assessed at 50% of the original cost
the first year, 35% the second year, 20% the third year, 10% the fourth
year, and 2% for all computer equipment acquired in the fifth year
and all prior years.
The current tax rate for personal property in
Fairfax County is $4.57 for each $100 of assessed value.
If you believe that your business personal
property has been over-assessed, you can appeal the assessment. For more
information call 703-222-8234 [TTY: 703-222-7594].