10-05-2016, 04:33 AM
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Join Date: Oct 2015
Posts: 440
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What is business personal property?
Business personal property is all property owned or leased by a business except real property. Business inventory is personal property but is 100 percent exempt from taxation. Tangible personal property owned, claimed, possessed, or controlled in the conduct of a profession, trade, or business may be subject to property taxes. Business personal property and fixtures are valued annually as of the January 1 lien date.
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