Yes. State law requires that all business owners file a business personal property rendition annually. Tangible business personal property is taxable in the Collin County appraisal district.This includes equipment and inventory. Pay property taxes on time. Property Tax Statements are mailed out in October, and are due upon receipt. Enroll in the Property Tax Protection Programâ„¢ today. The amount of your property tax bill is based on your property's taxable assessment and local tax rates. Bills are due quarterly on the first business day of August, November, February and May. Our guide ensures that you're wellinformed on due dates, payment procedures, and how to capitalize on tax exemptions. The Texas Property Tax Code requires owners of business personal property (BPP) to annually render those assets used in a business.