Government - Internal City StructureBusiness - Tools For GrowthServices - Provided by the CityCommunity - Resident EngagementEnjoy Norfolk - Leisure & VisitorsHow Do I - Information Center
Elizabeth River with a Tugboat, Sailboat and the USS Wisconsin

Go To Search
Business Personal Property
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 is June 5.

The business property assessment rate is 40% of cost, regardless of age.

The 2019 BPP Tax rate is $4.33 per $100.00 of assessed value.

Commercial Boats

Boats registered for business are not subject to the decal fee.

The tax rate for business boats will remain $1.50 per $100.00 of assessed value.