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Which states tax business personal property? 2026 map

A dated table of states we checked against official sources: whether business equipment is taxed, the small-business threshold, the form and the deadline, and what Business Property Desk covers.

By Yann LephayPublished · Last updated

Summary

Our answer: most states still tax business equipment, furniture and computers, but four we verified do not tax business personal property at all: Illinois (abolished in 1979), New York (no personal property tax), Ohio (phased out by tax year 2009) and Wisconsin (exempt from assessments as of January 1, 2024). In the states that tax it, the question that decides your year is the threshold: Texas exempts $125,000 per location, Arizona $500,000, Indiana everything under $2,000,000 of cost per county, Georgia $20,000, Florida $25,000. Business Property Desk prepares packets only for Texas, Fairfax County (Virginia) and Multnomah County (Oregon) renewals.

No business personal property tax in Illinois, New York, Ohio or Wisconsin; elsewhere the threshold decides whether you owe anything, and you often still file once to claim it.

Not taxed (verified)Illinois, New York, Ohio, WisconsinState sources listed below; checked October 27, 2026.
Largest thresholds we verifiedIndiana $2,000,000 of cost per county; Arizona $500,000; Texas $125,000 per locationIndiana from the 2026 assessment date; Arizona from January 1, 2026; Texas since January 1, 2026.
Usual snapshotJanuary 1Property owned on January 1 of the year, filed with the county.
Business Property Desk coversTexas, Fairfax County VA, Multnomah County OREvery other state or county is outside the packet.

Our verdict

Find your state below, then check the threshold before anything else. Under it, file whatever the county needs to record the exemption, often once, and do not pay anyone. Over it, file the county form by the deadline. Use our packet only in Texas, Fairfax County or for a Multnomah renewal.

Who this page is for, and who it is not for

For: owners of small businesses with office equipment, furniture, computers or tools at one location who want to know whether their state asks for a return. Not for: vehicles, leased-out equipment, manufacturers with special schedules, and multi-state businesses, which need each county's rules.

States we checked, October 2026

Each row comes from a state or county source consulted on October 27, 2026. A state missing from the table is not a state without the tax: we publish only what we could verify.

Business personal property tax by state, checked October 27, 2026
StateTaxed?Threshold or filing triggerForm and deadlineBusiness Property Desk
TexasYes$125,000 of appraised value per location exempt (since Jan. 1, 2026)Form 50-144 to the county appraisal district by April 15 (May 15 on written request)Packet above $125,000; free certification guidance under it
VirginiaYes, set by each localityVaries by city or countyFairfax County: return by May 1Fairfax County only
OregonYesAccounts below an annual cancellation threshold are not billed, but still fileForm OR-CPPR to the county assessor by March 15Multnomah renewals only
GeorgiaYes$20,000 per county exempt (from Jan. 1, 2025)PT-50P to the county between Jan. 1 and April 1Not covered
FloridaYesUp to $25,000 of assessed value exempt if you fileDR-405 to the property appraiser by April 1Not covered
CaliforniaYesCounties may exempt low-value property up to $10,000; statement required at $100,000 of aggregate cost, or on requestBOE-571-L to the county assessor (2026 form: by April 1)Not covered
ArizonaYes$500,000 exempt from Jan. 1, 2026County assessorNot covered
IndianaYesExempt under $2,000,000 of acquisition cost per county (2026 assessment date on)County assessor returnNot covered
North CarolinaYesNo small-business threshold verifiedListing with the county in January; individual extensions up to April 15Not covered
IllinoisNoAbolished; replaced in 1979 by a replacement tax on business incomeNone for equipmentNot needed
New YorkNoNo personal property taxNone for equipmentNot needed
OhioNo (general business)Exempt from tax year 2009None for equipmentNot needed
WisconsinNoExempt from assessments as of Jan. 1, 2024 (2023 Act 12)None for equipmentNot needed

Sources: state revenue departments, legislatures and counties listed in Official sources. Maryland, Michigan and Colorado pages could not be read on October 27, 2026 and are left out rather than guessed.

What the threshold does, and what it does not do

A threshold removes the tax, not always the paperwork. Texas asks for a one-time certification, Florida grants its $25,000 exemption to owners who file an initial DR-405, Oregon asks owners below its cancellation threshold to keep filing a short return, and Gwinnett County (Georgia) says property under $20,000 must still be returned. See our exemptions page for each state's rule.

Where Business Property Desk fits

We prepare a $79 packet in three places: Texas renditions above $125,000 at one location, Fairfax County furniture and computer equipment, and Multnomah County renewals with an existing account. Everywhere else, the county form is the answer; our free asset register template is the part that transfers.

Next steps

Exemptions by state

Thresholds and what you still file to claim them.

Oregon return due March 15

The statewide OR-CPPR form and what we cover.

Texas $125,000 exemption

When a one-time certification replaces the rendition.

Supported jurisdictions and hard stops

Exactly what the packet covers.

Common questions

Which states do not tax business personal property?

Among the states we checked against official sources: Illinois (business personal property taxes abolished, replaced in 1979 by the personal property replacement tax on business income), New York (no personal property tax), Ohio (general business tangible personal property exempt from tax year 2009) and Wisconsin (exempt from assessments as of January 1, 2024, under 2023 Wisconsin Act 12). Other states are often cited; we list only those we verified.

Does Texas tax business personal property?

Yes, but since January 1, 2026 the first $125,000 of appraised value per location is exempt. At or under it, you file a one-time certification on Form 50-144 instead of a rendition.

Do I owe this tax on fully depreciated equipment?

Often yes. Oregon's 2026 return, for example, lists expensed items and items fully depreciated for federal purposes as taxable. Federal depreciation does not remove property from a local list.

Can Business Property Desk prepare my Georgia, Florida or California return?

No. The packet covers Texas, Fairfax County and Multnomah County renewals only. Use the county form; our free asset register template helps you build the list.

Check if your case fits the packet

Texas, Fairfax County or a Multnomah renewal with ordinary owned equipment: the checker tells you in a minute whether the $79 packet fits.

Open checker

Related guides

Texas business personal property exemption: $125,000 per location since 2026

What the HB 9 exemption changes for a small Texas business, what you still file by April 15, and when a full rendition is still required.

What is business personal property tax?

A practical explanation for small businesses preparing a simple asset-register packet.

Business personal property asset register template

Template columns and example rows for a simple local business personal property packet.

Official sources for this guide

Texas HB 9 (89th Legislature, 2025), enrolled textAmends Tax Code Section 11.145 ($125,000 exemption per location) and Section 22.01(j-1)-(j-3) (election not to render with a certification); effective January 1, 2026 after voter approval of the constitutional amendment (Proposition 9, November 4, 2025). Reviewed October 27, 2026.Fairfax County business tangible property guidanceOfficial January 1 situs, non-proration, original capitalized cost, depreciation schedules, and tax rates. Official source reviewed for this MVP on May 2, 2026.Oregon Form OR-CPPR 2026 (150-553-004)Statewide return filed with the county assessor; 1:00 a.m. January 1; taxable and non-taxable property; cancellation-threshold box; maximum 50% late penalty (ORS 308.296). Reviewed October 27, 2026.Georgia DOR: 2024 summary of enacted legislation (HB 808)Raises the O.C.G.A. 48-5-42.1 tangible personal property exemption from $7,500 to $20,000, effective January 1, 2025. Reviewed October 27, 2026.California BOE-571-L sample (Rev. 32, 07-25)2026 form: file by April 1; statement required at $100,000 aggregate cost or on request; 10% penalty (R&TC 463). Reviewed October 27, 2026.California BOE: low-value property exemptionEach county board of supervisors may exempt personal property with a full value of up to $10,000 (Constitution art. XIII sec. 7, R&TC 155.20). Reviewed October 27, 2026.Florida Department of Revenue: tangible personal propertyDR-405 to the property appraiser by April 1; up to $25,000 exemption with an initial return; penalties 5% per month up to 25%, 25% for not filing, 15% for omitted property. Reviewed October 27, 2026.Arizona Legislature: SB 1749 (2025), signed, chapter 247Increases the business personal property tax exemption to $500,000 effective January 1, 2026. Reviewed October 27, 2026.Indiana DLGF memo, May 23, 2025 (SEA 1 and HEA 1427)Business personal property exempt when total acquisition cost in a county is under $2,000,000 for the 2026 assessment date and after ($80,000 before). Reviewed October 27, 2026.NCDOR: property tax listing requirementsRegular listing period is January; individual extensions for good cause up to April 15. Reviewed October 27, 2026.Illinois Department of Revenue: personal property replacement taxesThe Illinois Constitution directed abolition of business personal property taxes; replacement taxes enacted in 1979. Reviewed October 27, 2026.New York State: property taxesStates that there is no personal property tax in New York. Reviewed October 27, 2026.Ohio Department of Taxation: tangible personal property taxGeneral business tangible personal property phased out; listing percentage zero for 2009 and later. Reviewed October 27, 2026.Wisconsin DOR: 2023 Wisconsin Act 12 informationExempts personal property from taxation beginning with assessments as of January 1, 2024. Reviewed October 27, 2026.

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