Exempt personal property
- Household goods and personal effects, unless used in a business.
- Custom software
- Inventories held for resale
- Franchise agreements
- Personal service contracts
- Customer lists
- Brand names
- Intellectual property
- Items that become part of a business product or service (such as bottles or cans used in food manufacturing)
How we assess personal property
We base our assessment on the info you provide on the personal property form or eListing. You include a description of the personal property and its cost and age. We use it and the Department of Revenue valuation guidelines to determine the value. We'll mail you a notice that shows the value used to calculate your property tax.
View a presentation on personal property valuation to learn more.