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Business Personal Property

Overview

Business Personal Property is property used to produce income. For example, if you own a restaurant, these would include kitchen equipment, tables, chairs, and cash registers. Often times, you’ll consider your aging or frequently used property to be worth less than the assessed value by your appraisal district.

You may own other Business Personal Property such as:

  • Inventory, including parts and supplies
  • Office furniture and fixtures
  • Office and warehouse machines, equipment and systems
  • Mobile radio, telephone, cell phone, fax
  • Computers (PC and workstations)
  • Computers (Mainframe)
  • Manufacturing, processing, mining, and distributing machinery and equipment
  • Vehicles

By law, you must render your business personal property if valued at more than $500. Intangible personal properties – which do not have a physical form – do not need to be rendered and neither do properties with exemptions for institutions like religious organizations. As of 2007, it is possible to receive exemptions for one passenger car or light truck that is used for both business and personal activities. Check the Texas Tax Code or contact us directly to find out if you qualify for these exemptions.

At Novotny & Company, our services include preparing and filing your rendition, protesting your property values, and attending your hearing. We’re always up to date on your county‚Äôs latest depreciation schedules and will argue your taxes till they are fair.

Contact us by February so we can file your rendition by April 15th.

 

   
 

Contact Us

9219 Katy Freeway, Suite 257
Houston, TX 77024

(713) 932-7672
toll free 1-877-207-4400
fax 713-932-8014

 
   

Calendar of Upcoming Deadlines

Frequently Asked Questions

How to File a Protest

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