Business Personal Property Taxes
Business personal property that is located in the City as of January 1 each year must be declared on a Business Personal Property Tax Form. The filing deadline is April 15. Tax on business personal property is not prorated.
- Desks and chairs
- Computer hardware
- Specialized tools
- Machinery and equipment
If furniture, fixtures, equipment and computer equipment is expensed on a Schedule C, it is reportable and taxable. If it is depreciated with a 50% or greater business use, it is reportable and taxable.
The 2020 tax rate for business personal property in Manassas City is:
- $3.60 for each $100 of assessed value on furniture, fixtures, machinery, and equipment
- $1.25 for each $100 of assessed value on computer equipment
Most business property 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%.
It is important to note, "original cost" includes the full capitalized cost to include sales tax, freight and installation. All returns are subject to local tax audit.
To appeal business personal property assessment, please submit a letter to the Commissioner, documenting the basis for the appeal, and include all substantiating documentation to:
9027 Center Street
Manassas, VA 20110
For more information call (703) 257-8229.