"Business Personal Property Tax applies to movable assets like equipment, furniture, vehicles, and inventory used in a business, not land or buildings. This Personal Property is taxed because it has utility, can be moved, and contributes to income, unlike cash, stocks, or contracts, which are excluded. The guide explains how Personal Tangible Property is different from intangible elements such as software, trademarks, and data that usually are not taxed. O’Connor breaks down how Business Property Tax on these items is tied to market value rather than just original cost. By clarifying definitions and offering examples, O’Connor helps owners understand Business Personal Property and Personal Property Tax before they complete renditions or appeals.
O’Connor’s Tax Reduction Experts help Texas businesses identify Personal Tangible Property correctly and avoid including non‑taxable items in Business Personal Property Tax reports. For a clear starting point on Business Property Tax and Personal Property Tax, visit:
