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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, 2011.

Schedule A

Schedule B

Schedule C

A separate form should be submitted for each business location.

2010.................. 85%

2010................... 80%

2010 .................. 50%

2009.................. 75%

2009................... 65%

2009 .................. 35%

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

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

2008................... 50%

2008 .................. 20%

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

2007.................. 55%

2007................... 35%

2007 .................. 10%

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

2006.................. 45%

2006................... 20%

2006 and prior ... 5%

2005.................. 35%

2005 and prior ... 10%

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

2004.................. 25%

proration. Business personal property is taxed for the entire year

2003.................. 15%

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

2002 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.

Additional Information Required To Be Filed With Return

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

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

listing of all tangible personal property showing acquisition date and

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

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

(Depreciation and Amortization) if you complete this schedule.

Schedules A, B and C

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

Where to File

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

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

installment payments (including items acquired under a lease-

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

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

22195-2467

2011. All property must be reported, even if fully depreciated for

accounting purposes. Please round amounts to the nearest dollar.

By Courier or Overnight Delivery – Tax Administration Office,

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

The Virginia Department of Taxation defines total purchase cost as

the full capitalized original cost including freight and installation.

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

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

Office:

indebtedness against the reported cost for business tangible

McCoart Administration Building

property.

1 County Complex Court

(near the intersection of Hoadly Road and Prince William

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

Parkway)

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

in Schedules B and C.

Sudley North Government Center

7987 Ashton Avenue

Schedule B should be used to report earth moving equipment and

(near the Bull Run Regional Library in Manassas)

coin operated laundry equipment.

Dr. A.J. Ferlazzo Building

15941 Donald Curtis Drive

Schedule C should be used to report all computer hardware and

(near the intersection of Cardinal Drive and Jefferson Davis

peripheral equipment such as personal computers, notebook

Highway/Route 1 in Woodbridge)

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

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

How to Contact Us

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

and cables. Do not report application software.

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

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 - 2011 Page 2

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