Business tangible personal property is the value of all property besides real estate that is used in your business or organization. January 1st is the filling date for Business Personal Property forms.Business Tangible Personal Property Return. Taxpayers who have property in more than one location must complete a separate form for each location. File Business Tangible Personal Property Tax returns and current asset lists as required annually. All real and tangible personal property, with limited exceptions, is subject to property tax. All businesses, churches, and not-for-profit organizations must file business tangible personal property forms with the assessor's office each year. The 2024 business personal property listing form and instructions is for any individual(s) or business(es) owning or possessing personal property. The state's sales tax is imposed on the purchase price of tangible personal property or taxable service sold at retail.