Business Personal Property
Taxscribe for Massachusetts Business Owners & CPAs
Modern personal property tax filing for Massachusetts — prepare your return in minutes, import fixed assets, and e-file to participating jurisdictions or email a print-ready PDF to your local assessor.
What is Business Personal Property tax?
Business personal property is tangible, movable property that is used to conduct business including furniture, equipment, farm animals, electronic devices, pipes and wires.
Who should file Business Personal Property?
Any individual, partnership, association, trust, or corporation that owns tangible personal property on January 1st located in a municipality must file an annual business personal property return.
- Filing deadline
- Personal property returns are due March 1st each year.
- Late penalty
- If you miss the March 1 deadline and do not have an approved extension, your business may face penalties. These can include fines or other late fees imposed by the jurisdiction.
When you should file:
Personal property returns are due March 1st each year.
Extensions:
Contact the local Board of Assessors to request an extension to the filing deadlines. A written request and valid reason are required before granting an extension.
Exemptions:
Several exemptions from personal property tax may apply, depending on several factors, including the legal form of the owner, the type of property, and in some cases the use of the property. Most of the exemptions are set forth in several clauses of GL c. 59, §5.
Important Notes About Business Personal Property:
- If you miss the March 1 deadline and do not have an approved extension, your business may face penalties. These can include fines or other late fees imposed by the jurisdiction.
Coverage
How Taxscribe works in Massachusetts
Taxscribe supports Business Personal Property filing across Massachusetts. Where your jurisdiction participates in Taxscribe's e-file program, you can submit directly; elsewhere, generate a print-ready PDF and email or mail it to your local assessor. Contact us to see if your jurisdiction participates.