New business owners: Join our Ripple Event Bookkeeping & Brews. Learn about balance sheets, reconciliations, and more while enjoying a brew!

Personal Property Taxes

by | Nov 28, 2023 | Deadlines | 0 comments

Property tax not only applies to real property, but also applies to personal property that is owned and used in a business.  Personal property includes leasehold improvements, machinery, equipment, furniture and supplies. It does not apply to inventory. All businesses are required to complete a personal property tax affidavit form with their county and file it by March 1 if the business is in Oregon or April 30 for those in Washington. Any businesses not already registered with the county can become registered by completing the affidavit.

Please contact our office if you need assistance with the registration and preparation of the personal property tax affidavit forms.