CID: PID:
4. COMPUTER EQUIPMENT:
Report below the total original cost of all
computer equipment including mainframe and personal computers,
monitors, CPUs, servers, disk drives, peripheral equipment including
printers, scanners, memory cards, cables and any other tangible computer
property used in business, including those fully depreciated.
2014 & Prior x 30%= x 10%=
2015 x 40%= x 50%=
2016 x 50%= x 70%=
2017 x 60%= x 80%=
2018 x 70%=
2019 x 80%=
TOTAL
x 20%=
x 20%=
x 20%=
2012 & Prior x 40%=
2013-2015 x 50%=
I have read this form in it's entirety and have completed
2016-2019 x 60%=
it to the best of my ability.
TOTAL
DECLARATION BY TAXPAYER: I declare that the foregoing statements and
figures are true, full and correct to the best of my knowledge and belief.
2014 & Prior x 10%=
2015 x 20%=
2016 x 30%=
2017 x 50%=
2018 x 60%=
2019 x 80%=
TOTAL
Email Address
2020
MONTGOMERY COUNTY
listed, an explanation describing how you are able to operate a business without tangible personal property must be provided.
Signature of Taxpayer Date
Phone Number Email Address
Date
Phone Number
Name:
Address:
Printed Name of Taxpayer
Printed Name of Preparer
Original Cost
as Listed by Taxpayer
%
Signature of Preparer
HEAVY CONSTRUCTION EQUIPMENT:
Report below any heavy
equipment that isn't already listed on the back page of this form,
including those fully depreciated.
YEAR
ACQUIRED
ORIGINAL
COST
%
phones, books, signs and any other tangible property used in
business, including those fully depreciated
.
YEAR
ACQUIRED
ORIGINAL
COST
% ASSESSED VALUE
5. MERCHANTS CAPITAL:
Report below the market value of the inventory on
hand as reported on tax schedule as of 12/31/19 and attach a copy of the
Income Tax Schedule.
ASSESSED VALUE
Assessed
Value
YEAR
ACQUIRED
ORIGINAL
COST
%
3. TRUCKS, TRACTORS, TRAILERS NOT LISTED ON BACK PAGE &
755 Roanoke St, Suite 1A, Christiansburg, VA 24073
Location of Business
on January 1
Blacksburg Christiansburg County
The use of "SAME AS LAST YEAR", "NO CHANGE", "SEE ATTACHED" or returning a blank form will constitute an invalid filing. If "ZERO" or "NONE" is
YOU MUST INCLUDE THE FOLLOWING WITH YOUR RETURN:
(1) A complete list of all assets employed in your trade or
business, the date acquired and the total original cost.
(2) A copy of all Federal Income Tax Return Forms and
Schedules, including Form 4562, filed for this business the
immediate past year. IFTA form is required when applicable.
(3) Sufficient evidence to support disposition of assets
previously reported.
ASSESSED VALUE
2016 & Prior
2019
2018
1. BUSINESS FURNITURE, FIXTURES & LIGHT EQUIPMENT:
Report below the total original cost of all furniture, fixtures,
Commissioner of the Revenue
Helen P. Royal, MCR
Phone: (540) 382-5710 Fax: (540) 381-6838
READ ALL INSTRUCTIONS BEFORE COMPLETING
RETURN OF BUSINESS PERSONAL PROPERTY
Email: businesspp@montgomerycountyva.gov
AS OF JANUARY 1ST 2020. FILE ON OR BEFORE MAY 1
After May 1 - Late filing penalty of 5% or $10 whichever is greater
FEIN/Taxpayer Social
Security Number
DBA if different than
name to the left
Business Start Date
in Montgomery County
lawn equipment, hand/power tools, office machines, cell
Business End Date
in Montgomery County
Physical Address
of Property
Nature of
Business
2017
TOTAL
YEAR
ACQUIRED
ORIGINAL
COST
% ASSESSED VALUE
Inventory on Hand
Daily Rental Property
Daily Rental Vehicles
TOTAL
2. MANUFACTURING EQUIPMENT: Report below the total
original capitalized cost of all manufacturing equipment
used directly in manufacturing, mining, radio, broadcasting,
dry cleaning, commercial laundry or carwash,
including those fully depreciated.
TYPE OF INVENTORY
click to sign
signature
click to edit
6. LEASED PROPERTY: List all Tangible Personal Property leased, rented, borrowed or made available for use as of January 1 (Virginia Code 58.1-3518).
Attach a separate sheet if more space is required.
Year Make Model
Title
Number
Plate
Number
Weight PSD
Purchase
Date
Sold
Date
Original
Cost
HELEN P. ROYAL, MCR
COMMISSIONER OF THE REVENUE
COUNTY OF MONTGOMERY
755 ROANOKE ST STE 1A
CHRISTIANSBURG VA 24073-3169
It is a Class 1 Misdemeanor for any person willfully to subscribe a return which he does not believe to be true and correct as to every
material matter (Code of Virginia 58.1-11).
7. MOTOR VEHICLES USED IN BUSINESS: (50% or more) All Motor vehicles listed below have been identified from the Virginia Department of Motor Vehicles.
All property owned or in your possession is subject to tax. To avoid improper assessment, indicate date of sale for any property and list below any
additional motor vehicles, mobile homes, boats and campers owned. If changes need to be made send proof of correct information.
What happens if I do nothing? Since the assessment is based on information and schedules that you provide, an assessment will be made by means of
percentage of original cost and /or fair market value. If no information is provided, the Commissioner of the Revenue is required by law to assess property
based on the best information available, which will result in a tax bill due. This is called a statutory assessment (VA Code Sec. 58.1-3519).
IMPORTANT PLEASE NOTE:
The use of "SAME AS LAST YEAR", "NO CHANGE", "SEE ATTACHED" or returning a blank form will constitute an invalid filing and may be subject to a late
filing penalty. If "ZERO" or "NONE" is listed, an explanation describing how you are able to operate a business without tangible personal property must
be provided.
How can I get help? Additional forms, information and assistance are provided by the Commissioner of the Revenue Office. You may call (540) 382-5710 or
email businesspp@montgomerycountyva.gov.
MONTGOMERY COUNTY BUSINESS PERSONAL PROPERTY RETURN INSTRUCTIONS
What is this form? This is your Business Personal Property declaration on which you are to file all furniture, fixtures, tools, light/heavy equipment, computer
equipment and merchants capital (inventory) used in a trade or business. Machinery and Tools used in manufacturing, mining, radio or television
broadcasting, dry cleaning, commercial laundry or motor vehicle cleaning business are to be listed and segregated as a separate class (VA Code Sec. 58.1-
3507)
What should I do with it? First take a look at the preprinted ownership information for accuracy. Then follow the instructions for each box where
applicable. You need to provide a complete list of all property used in your business. The list should include the name of the item, acquisition date and cost
(even if fully depreciated or expensed off for federal income tax purposes). In the event there was no cost for acquisition, please provide an estimate of
fair market value at the time of acquisition.
Am I required to file this form? If you conducted business as an individual, partnership or corporation, or if you own leased business equipment in
Montgomery County on January 1 of this year, you must complete and return this form.
When is it due? The form and associated schedules/property lists are due no later than May 1st. If you file late or not at all, by law a 5% penalty or $10.00
whichever is greater will be added to your bill. If you are unable to file by May 1st, you may request a 60 day extension. The request must be in writing to the
Commissioner of the Revenue and must be made prior to May 1st.
LIST BELOW VEHICLES THAT ARE USED 50% OR MORE IN BUSINESS Indicate costs of vehicles 14,000lbs or more, boats plus motors & aircraft.
Vehicle ID
(VIN)
Address & Phone Number of Owner
Start & End Dates
of Lease
Description of Item (ID, Serial, Model or
Title Numbers)
Quoted
Purchase Price
Name of Owner
(Lessor)