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I depreciate the value of my Business Personal Property each year for tax purposes. How does that impact the way my return is filed with Orange County?
For our purposes, the tax is based on the original cost of the equipment. Each year we utilize a declining value scale, based on the year of acquisition, to adjust the value for taxation.

Commissioner of the Revenue - Business Personal Property

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1. What is considered Business Personal Property?
2. What is the tax rate for Business Personal Property?
3. How do I file a Business Property tax return? What is the deadline?
4. I work out of my home, do I still have to file Business Personal Property Tax?
5. I depreciate the value of my Business Personal Property each year for tax purposes. How does that impact the way my return is filed with Orange County?
6. Do I have to file a new Business Property return each year?