Business Personal Property

Personal property is usually referred as any items that are movable or not permanently fixed to the land. Business personal property includes fixtures, tools, furniture, machinery, leased equipment and other items used to operate a business. As of October 1, 2006, any owner of a truck trailer, tractor trailer or semi-trailer who decides to purchase a permanent trailer plate, will annually assess the property in accordance with Rule 810-4-1-03 in the county which the truck trailer, tractor trailer, or semi-trailer resides. All personal property should be reported to the Revenue Commissioner's office each year from October 1st through December 31st. Leased property should also be reported to ensure that its owner can be identified. Recently the State of Alabama Department of Revenue ordered Houston County to conduct a review of all business personal property. This is to ensure that all businesses are reporting correctly and this will also insure equalization of all businesses. Failure to report personal property may result in a $5.00 late fee and other penalties.