Business Personal Property

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Business Personal Property

Generally, personal property is not taxable. However, property held for the purposes of being sold, leased or otherwise being held for the purpose of producing profit is taxable. Property of this nature is called Business Personal Property (BPP). Republic Property Tax must file the rendition in order to file protest and attend protest hearing on your behalf.

This rendition covers property owned or managed and controlled as a fiduciary on January 1st of the current year. This rendition must be filed with the county appraisal district after January 1st and no later than April 15th of the current tax year.

When required by the Tax Code or by the chief appraiser, the person rendering the property shall use the model form adopted by the Comptroller of Public Accounts, or use a form containing information that is in substantial compliance with the model form, if approved by the comptroller.

Summarized information sufficient to identify the property including the physical and economic characteristics relevant to the opinion of value, if appropriate, and the source of the information used; State the effective date of the opinion of value and Explain the basis of the value rendered.

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