Business Tangible Personal Property

Norfolk levies a tax on personal property employed in a trade, business, or profession. This personal property includes, but is not limited to furniture, fixtures, equipment, machinery and tools.

A detailed depreciation schedule, including all fully depreciated items or a list of fixed assets itemizing all property must be submitted.

This business personal property return must be filed with the Commissioner of the Revenue by March 1 (unless an extension has been requested in writing and granted).

The payment date of Business Personal Property is June 5. The business property assessment rate is 40% of cost, regardless of age

Copyright © 2008 Norfolk Commissioner of the Revenue. All rights reserved.
Please contact developer with any comments or questions.
Mailing address: P.O. Box 2260, Norfolk, Virginia 23501-2260
Phone: (757) 664-7890