Taxpayers should use these forms and guides to apply for local tax abatements and exemptions and file property returns. The sample forms here are for reference and educational purposes only.What is personal property? Personal property is all tangible property other than real property (i.e. Further examples of personal property include: furniture, bedding, artwork, kitchen utensils, stereo equipment, and recreation equipment. Assessor. What personal property is subject to local taxation? Personal property tax is not pro-rated per Massachusetts General Law. A primary example of exempt property involves household furnishings and effects. Personal property is assets, goods and material objects used in the conduct of a business and is assessed separately from real estate. Tangible property that faces another local tax is exempt from the personal property tax.
