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 the City of Fredericksburg?
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. Whether or not your business personal property is fully depreciated for income tax purposes is irrelevant.

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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 return? What is the deadline?
4. I work out of my home, do I still have to file?
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 the City of Fredericksburg?
6. Is computer equipment valued the same way as other business equipment?
7. Do I have to file a new business property return each year?