Business Personal Property
Business personal property is all the personal property, income producing property, supplies, and leasehold improvements owned by a business or used by an individual for income purposes. Specific examples include:
- Computer equipment and software
- Leasehold improvements (improvements made to leased real property)
- Machinery and equipment
- Office furniture and fixture
Businesses must list property owned as of Jan. 1 at its historical installed cost. The Assessor’s business personal property appraisers will determine the depreciation schedules that apply based on the type of business (or property) being valued. Mecklenburg County uses the North Carolina Department of Revenue’s Cost Index & Depreciation Schedules for most business personal property.
Need an extension for your BPP listing?
An extension of time to list business personal property with the Mecklenburg County Assessor’s Office may be postmarked by the United States Post Office no later than January 31st. Go GREEN, by using the online listing system BPP Taxscribe to file your extension.
Did you close or sell your business?
You are required to notify the County Assessor’s Office and the Office of the Tax Collector at least 48 hours prior to the closure or sale of the business. You can visit our office, call 311 (inside the county) or 980-314-4226 (outside the county), or email [email protected].
Do you need to update your address?
Additional Resources
Video Guides
- Basics of Business Personal Property Taxes
Learn more about the Business Personal Property Tax and who is required to file it.
- How to File Listing Period Extensions
The listing period is during the month of January. If you need more time, learn how to file an extension to avoid penalties.
- Tips for Filing Business Personal Property Taxes
Some tips to help you not pay more on your taxes than your are required.
- Quick Guide to Listing Business Assets
A guide to help you identify what assets you should list for your business personal property taxes.