Tangible Online Filing Application

Who is required to file a Tangible Personal Property Tax Return?

Every new business must file an initial tangible personal property tax return by April 1st of the year after the business opens. The initial return is required if the business owns or leases any personal property, without regard to the value of that personal property. In subsequent years, however, no return is required unless the combined value of all the business’ equipment is more than $25,000.