Get Business Personal Property Rendition Form - Graysonappraisal

Personal property tax updates for 2022 The personal property tax rate for 2022 is $3.42 per $100 of assessed value, or 86 cents less than Calendar Year 2021. Personal property is taxed at a market valuation per the Code of Virginia.

The rendition penalty is generally equal to 10% of the amount of property taxes ultimately imposed on the property.

This business personal property return must be filed with the Commissioner of the Revenue by March 1 (unless an extension has been requested in writing and granted). The payment date is June 5. The business property assessment rate is 40% of the original cost, regardless of age.

What is a Rendition? Section 22 of the Tax Code requires every owner of business personal property used or located in Texas to report that property annually. The report is called a rendition. The rendition must be filed with the chief appraiser of the appraisal district in which the property is located.

What is the sales tax rate in Grayson County? The minimum combined 2023 sales tax rate for Grayson County, Virginia is 5.3%. This is the total of state and county sales tax rates. The Virginia state sales tax rate is currently 4.3%.

The tax rate for all personal property (other than machinery and tools) is $3.40 per $100 of value. The tax rate for machinery and tools is $0.80 per $100 of value.

Write a brief description of the business and the square feet occupied. Fill in the business start date, sales tax permit number, and check any boxes that apply. If sold, please fill in the New Owners name. If moved, please fill in the new location address.

Grayson County collects, on average, 0.47% of a property's assessed fair market value as property tax. Grayson County has one of the lowest median property tax rates in the country, with only two thousand five hundred thirty eight of the 3143 counties collecting a lower property tax than Grayson County.