The purpose of this information release is to provide guidance regarding the proper classification of certain business assets. Where is the return filed?Spending too much time completing business personal property renditions? Increase your efficiency with this detailed walk-through. Find out if you're responsible for paying business personal property taxes on items like office furniture, printers, and supplies. Business Personal Property Tax is a tax assessed on tangible personal property businesses own. Tangible personal property used in business in Ohio is taxed. Due to the phase-out of the personal property tax in Ohio, the 2008 tax return will be the final annual personal property tax return required to be filed. Examples include office equipment, livestock, jewelry, toys, light trucks, and buses. Examples of companies that usually own extensive tangible personal property include manufacturers and shipping companies.
