Business personal property and Machinery and tools are not prorated. However, motor vehicles utilized in a business are prorated.

Prince George County levies a tax on tangible personal property used in a trade (furniture, fixtures, machinery and tools) located in Prince George County on January 1. Personal property and equipment is depreciated using the date of acquisition and original purchase price as indicated below.

COST OF FURNITURE, FIXTURES AND EQUIPMENT / MACHINERY & TOOLS

 

ORIGINAL COST

PERCENTAGE

VALUE

PURCHASED 2012 OR BEFORE  

20%

 
PURCHASED 2013  

30%

 
PURCHASED 2014  

40%

 
PURCHASED 2015  

50%

 
PURCHASED 2016  

60%

 


All businesses owning or leasing property housed in Prince George County are required to file a Return of Business Tangible Personal Property by February 5 of each tax year, and taxes are due on June 5.

For further information, contact the Commissioner of the Revenue's Office at (804) 722-8740.

Forms

Return of Business Tangible Personal Property (current tax year)