Business Personal Property tax is an ad valorem tax on the tangible personal property that is used for the production of income. A rendition is a form that provides the Appraisal District with taxable business property information.Section 22 of the Tax Code requires every owner of business personal property used or located in Texas to report that property annually. Any property that is used in the production of income will need to be reported. This includes machinery and equipment, vehicles, and office furniture. What do I have to file in my personal property rendition? You will only be required to fill out a business personal property rendition form. The information contained in a rendition cannot be disclosed to third parties except in limited circumstances. Business Personal Property Tax is a tax assessed on tangible personal property businesses own. It helps determine the value that the appraisal district will put on the Business Personal Property (BPP) accounts.
