Q:

What are the payment options available for the business personal property tax?

A:

Quick Answer

Although counties and states may have different payment options, many government agencies accept online payment with a credit or debit card for business personal property taxes. Many municipalities also accept check or money order payments mailed or paid in person to the county treasurer's office.

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Full Answer

Many counties offer the option to register assets and process business personal property tax online in addition to making payments for taxes. Due dates and payment policies vary based on each county's ordinances and may include prorated taxes and a payment schedule for each tax year.

Business personal property taxes are calculated based on the fair market value of an individual's personal assets in a business. For example, a vehicle used for personal and business purposes falls under the tax category of business personal property. In addition to registering the business personal property with the appropriate agencies, such as the Department of Motor Vehicles, individuals may also have to register the property with the city or county so taxes can be assessed. Motor vehicles that may be subject to the business or personal property tax include boats, trailers, campers, recreational vehicles, trucks, automobiles, taxicabs and vehicles with special equipment for the disabled. Residents are often responsible for ensuring the business personal property is registered with the county of residence.

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