If you own a business, you may be taxed on more than just real estate. Tangible assets such as furniture, equipment, electronics, vehicles, and inventory may need to be reported annually.
In Texas, Business Personal Property, often called BPP, generally refers to tangible property used for the production of income. It may be taxable whether you own the building, lease space, operate from a warehouse, or manage equipment across multiple locations.
The Trap: Many businesses overpay because they report assets that are broken, obsolete, fully depreciated, no longer in use, or incorrectly classified. We review BPP renditions and appraisal district assumptions to help reduce the risk of being taxed on “ghost assets.”
Desks, chairs, shelving units, display cases, workstations, and other fixtures used in daily business operations.
Laptops, servers, copiers, phone systems, POS terminals, and other technology assets that may depreciate quickly.
Raw materials, work in progress, finished goods awaiting sale, inventory held for business use, and inventory held on consignment.
Company vehicles, delivery trucks, machinery, tools, and equipment used to produce income may need to be reviewed for BPP reporting.
Tax liability often depends on what business personal property you own, control, or use and where it is located on January 1st of each tax year.
BPP owners should also confirm applicable rendition and protest timing. Review our Texas property tax deadlines guide for broader timing considerations.
Brandon and his team have proven they can perform with any product type we give them,
from industrial and office property to single and multi-family residential.
At a critical time when a property was in lease-up, we were faced with an unreasonable and unjustified assessment.
Brandon’s tenacity and responsiveness resulted in a fair assessment and the largest value change I've seen in my career.
Outstanding!! These guys are pros - they are great at what they do and great to work with.