Business Personal Property

Business Personal Property is property used to produce income. For example, if you own a restaurant, these would include kitchen equipment, tables, chairs, and cash registers. Often times, you’ll consider your aging or frequently used property to be worth less than the assessed value by your appraisal district.

You may own other Business Personal Property such as:

  • Inventory, including parts and supplies
  • Office furniture and fixtures
  • Office and warehouse machines, equipment and systems
  • Mobile radio, telephone, cell phone, fax
  • Computers (PC and workstations)
  • Computers (Mainframe)
  • Manufacturing, processing, mining, and distributing machinery and equipment
  • Vehicles
By law, you must render your business personal property if valued at more than $500. Intangible personal properties – which do not have a physical form – do not need to be rendered and neither do properties with exemptions for institutions like religious organizations. As of 2007, it is possible to receive exemptions for one passenger cars or light trucks that are used for both business and personal activities. Check the Texas Tax Code or contact us directly to find out if you qualify for these exemptions.

At Novotny & Company, our services include preparing and filing your rendition, protesting your property values, and attending your hearing. We’re always up to date on your counties latest depreciation schedules and will argue your taxes till they are fair.

Contact us by February so we can file your rendition by April 15th.



At Novotny & Company, we’ll file your rendition, your protest and attend your hearing for you. In order for us to better serve you; we need you to provide some information to us.

Business Personal Property

It is state law that businesses file renditions annually for their personal property by April 15th. We’re happy to provide this serve to many of our commercial customers. To make this possess as smooth as possible, please provide:
  • An Asset List: This is also known as an Asset Detail List or Depreciation Schedule. An asset list must include item descriptions as well as the year acquired and original cost for each item.
  • Form 1120S or Schedule C from your tax return showing inventory, supply, raw material, and work in progress as of January 1st of the current year or December 31st of the previous year.
  • Company Balance Sheet
If you don’t have this information on hand, often times your CPA can provide this for you.

Vehicles

For commercial vehicles, please provide a current list of vehicles that includes mileage, original cost, and the year acquired.

If you have already filed your rendition before you signed up with us, please provide a copy of the rendition provided to your county.
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