Business Personal Property
Business personal property is all movable furniture, fixtures, machinery, farm equipment and supplies owned, possessed, or controlled by an individual, sole proprietorship, partnership, corporation, or association in their business. For a complete definition of personal property for tax purposes, see WAC 458-12-005 and RCW 84.04.080.
Each business personal property account receives a new Personal Property Listing each January showing equipment that was reported and assessed during the prior year. Businesses are required to update their listings and return them each year by April 30th in order to avoid a penalty for late filing. Clark County does not grant extensions for filing a personal property listing after the due date. However, if the listing is filed late for just cause, the Assessor can waive the late filing penalty. Once the business personal property has been assessed, the current and future year's taxes must be paid before it is sold or moved out of the county. Personal Property Listing forms are available on our Forms and Documents page.
New business personal property accounts are discovered through field checks, telephone directories, and a report provided by the Washington State Department of Revenue. If you have a new or existing business in Clark County, you are required to establish a business personal property account. To have a business personal property account number assigned, please email us at Personal.Property@clark.wa.gov. You will also need to complete a Personal Property Listing that includes an itemized list of your business assets, with their original cost and year purchased. A depreciation schedule used for filing your federal taxes may be submitted in place of another asset list in most cases.
Many types of personal property are exempt from taxation. Household goods and personal effects for personal home use are normally exempt, unless they are used in a business. Other personal property exempt from taxation includes: custom software, livestock, inventories held solely for resale, motor vehicles licensed for road use, and intangible personal property. Additional personal property exemptions are allowed by the state.
Additional personal property information and educational tools including Personal Property Tax, Personal and Industrial Property Valuation Guideline publications, and a short educational video are available at the Washington State Department of Revenue website.
Online filing is now available!