Personal Property
Personal Property Taxes are based on temporary or moveable property such as furnishings, office machines, computers, telephones, vehicles and other items that are used by a company or a person to operate a business.
The tax is based upon information furnished to the Property Assessor each year by the business owner. The Assessor furnishes a schedule for each business owner to provide a detailed list of all tangible personal property owned by the business. The Assessor determines the value of the personal property based on the information supplied.
It is the duty of the owner of the business to fully list all tangible personal property, to place a correct value on the property and to sign and return the schedule prior to the due date. If the schedule is not returned prior to the due date, a forced assessment is made.
The Personal Property Tax is due and payable in its entirety if business was open for 1 day in calendar year.
If you close your business, please:
- Contact the Montgomery County Clerk's Office at 931-648-5711 to cancel your business license.
- Contact the Assessor's Office at 931-648-5709 to inform them that your business is closed in order to take your business off the tax roll for the next year.
- Pay your County Personal Property Tax at the Trustee's Office (931) 648-5717.
- Contact the City Tax Office at 645-7436 to pay City Personal Property Tax if property is located in City of Clarksville limits.