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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, 2016.

Schedule A

Schedule B

Schedule C

A separate form should be submitted for each business location.

2015 .................. 85%

2015................... 80%

2015 .................. 50%

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

2014 .................. 75%

2014................... 65%

2014 .................. 35%

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

2013 .................. 65%

2013................... 50%

2013 .................. 20%

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

2012 .................. 55%

2012................... 35%

2012 .................. 10%

2011 .................. 45%

2011................... 20%

2011 and prior ... 5%

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

2010 .................. 35%

2010 and prior ... 10%

proration. Business personal property is taxed for the entire year

2009 .................. 25%

2008 .................. 15%

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

2007 and prior .. 10%

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

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

proper assessment and billing, please include the name and address

of the lessee.

Where to File

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

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

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

to Tax Administration Division, PO Box 2467, Woodbridge, VA

22195-2467

Schedules A, B and C

By Courier or Overnight Delivery – Tax Administration Division,

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

1 County Complex Court, Woodbridge, VA 22192-9201

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

installment payments (including items acquired under a lease-

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

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

Office:

2016. All property must be reported, even if fully depreciated for

McCoart Administration Building

accounting purposes. Please round amounts to the nearest dollar.

1 County Complex Court

(near the intersection of Hoadly Road and Prince William

Total purchase cost is defined as the full capitalized original cost

Parkway)

including tax, freight and installation. There is no provision in law that

allows for the deduction of indebtedness against the reported cost for

Sudley North Government Center

business tangible property.

7987 Ashton Avenue

(near the Bull Run Regional Library in Manassas)

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

Dr. A.J. Ferlazzo Building

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

15941 Donald Curtis Drive

in Schedules B and C.

(near the intersection of Cardinal Drive and Jefferson Davis

Schedule B should be used to report earth moving equipment and

Highway/Route 1 in Woodbridge)

coin operated laundry equipment.

Filing Extension

Schedule C should be used to report all computer hardware and

An automatic 90 day filing extension is available by sending a

peripheral equipment such as personal computers, notebook

request by email to . Include the

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

account number and business name in your email request.

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

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

You must attach a copy of our reply email to your filing form or you

and cables. Do not report application software.

may be assessed a late filing penalty.

Schedule D

How to Contact Us

Report all personal property leased or rented from others.

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

Information used to complete this schedule should be obtained from

lease agreement(s). Report operating leases only. Capitalized leases

should be reported on Schedule A, B or C depending on the type of

Additional forms can be downloaded from our web site at

property.

Additional Information Required To Be Filed With Return

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

listing of all tangible personal property showing acquisition date and

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

(Depreciation and Amortization) if you complete this schedule.

Business Tangible Property Return - Prince William County Tax Administration Division - 2016 Page 2

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