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General Information

Formula for Assessment

Complete this form in its entirety. If information is preprinted, please

The assessment on which your tax will be based is computed using

update or correct this information as necessary.

the percentages shown in the following table. To determine the

assessment, multiply the reported cost for each year by the

To avoid a late filing penalty of 10%, this filing form must be

percentage for that year.

postmarked or returned by APRIL 15, 2010.

Schedule A

Schedule B

Schedule C

A separate form should be submitted for each business location.

2009.................. 85%

2009................... 80%

2009 .................. 50%

2008.................. 75%

2008................... 65%

2008 .................. 35%

2007.................. 65%

2007................... 50%

2007 .................. 20%

Do not use this form to report licensed motor vehicles, trailers, boats

2006.................. 55%

2006................... 35%

2006 .................. 10%

or aircraft. These items must be reported and registered within 60

2005.................. 45%

2005................... 20%

2005 and prior ... 5%

days of purchase or location in the County by calling 703-792-6710.

2004.................. 35%

2004 and prior ... 10%

2003.................. 25%

Property required to be reported on this form is not subject to

2002.................. 15%

proration. Business personal property is taxed for the entire year

2001 and prior .. 10%

even if it is sold or moved out of the County after January 1st.

Please do not include payment with your return. You will be billed.

Leasing companies must file a return in their own name. To ensure

proper assessment and billing, please include the name and address

Additional Information Required To Be Filed With Return

of the lessee.

In addition to this filing form, you must furnish a complete itemized

listing of all tangible personal property showing acquisition date and

If you own no business tangible personal property, you must still file

original cost. You must also include a copy of IRS schedule 4562

a return; please enter “NONE” in Schedules A, B and C

(Depreciation and Amortization) if you complete this schedule.

Schedules A, B and C

Where to File

Report in the appropriate schedule the total purchase cost by year of

By Regular Mail – Please use the return envelope provided or send

purchase of all tangible property that is owned or being paid for by

to Tax Administration Division, PO Box 2467, Prince William, VA

installment payments (including items acquired under a lease-

22195-2467

purchase contract) located in Prince William County on January 1,

2010. All property must be reported, even if fully depreciated for

By Courier or Overnight Delivery – Tax Administration Office,

accounting purposes. Please round amounts to the nearest dollar.

1 County Complex Court, Prince William, VA 22192-9201

The Virginia Department of Taxation defines total purchase cost as

In Person – Please use the drop box at any Tax Administration

the full capitalized original cost including freight and installation.

Office:

There is no provision in law that allows for the deduction of

McCoart Administration Building

indebtedness against the reported cost for business tangible

1 County Complex Court

property.

(near the intersection of Hoadly Road and Prince William

Parkway)

Schedule A should be used to report furniture, office equipment and

fixtures, machinery and tools, and any other equipment not reported

Sudley North Government Center

in Schedules B and C.

7987 Ashton Avenue

(near the Bull Run Regional Library in Manassas)

Schedule B should be used to report earth moving equipment and

Dr. A.J. Ferlazzo Building

coin operated laundry equipment.

15941 Donald Curtis Drive

(near the intersection of Cardinal Drive and Jefferson Davis

Schedule C should be used to report all computer hardware and

Highway/Route 1 in Woodbridge)

peripheral equipment such as personal computers, notebook

computers, monitors, mainframe and midrange units, file servers,

How to Contact Us

POS equipment, backup units, storage devices, modems, fax

machines, photocopy machines, printers, scanners, network cards,

Please call 703-792-6710; by fax at 703-792-4673; or by e-mail at

and cables. Do not report application software.

Schedule D

Additional forms can be downloaded from our web site at

Report all personal property leased or rented from others.

Information used to complete this schedule should be obtained from

lease agreement(s).

Business Tangible Property Return - Prince William County Tax Administration Division - 2010 Page 2

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