Tangible business personal property used for the production of income. The Texas Property Tax Code requires owners of business personal property (BPP) to annually render those assets used in a business.Complete, sign, and return this form to the Personal Property Division, Bexar. Appraisal District, PO Box 839946, San Antonio, TX 78283-3946. Texas Tax Code § 151.009 defines "tangible personal property" as "personal property that can be seen, weighed, measured, felt, or touched. A person or business who owns tangible personal property used for the production of income is required to file a rendition. The Property, Real Property improvements, the Personal Property Improvements and JCB's conducting the Business Activities cumulatively are the "Project. Abatement Agreement with Becton, Dickinson and Company ("BD") for real property. See Schedule 511-A instructions on pages 16-20. Personal property tax in Texas is imposed on income producing tangible personal property.