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Appraisal

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Business Personal Property


In accordance with Alabama law it is the duty and responsibility of this Department to appraise all business personal property, based on the original cost with allowances for depreciation due to age.  To determine the value of business personal property, we use the guidelines set forth in the Alabama Personal Property Appraisal Manual issued by the Department of Revenue Ad Valorem Tax Division.  Utilization of standardized methods ensures uniformity among all business personal property appraisals across the State. 

Some factors which affect a property's market value are the business type, type of equipment, acquisition year and date. 

In Alabama, business personal property is categorized as Class II property with an assessment level of twenty (20%) percent of market value.

Some examples of business personal property are:

  • add-on equipment to motor vehicles;
  • air conditioning-window units;
  • appliances in apartments and/or rental property;
  • auto-call and telephone systems;
  • bank vault doors;
  • booths for welding;
  • bowling alley lanes;
  • bucket elevators;
  • car wash equipment;
  • conveyor systems;
  • coolers-free standing;
  • cranes;
  • drapes;
  • exit alarms;
  • fire alarm systems;
  • racks and shelving;
  • safe deposit boxes;
  • scales;
  • signs;
  • tanks;
  • towers and more

 

FILING/REPORTING BUSINESS PERSONAL PROPERTY 

All businesses located in the State of Alabama on October 1st (statutory lien date for ad valorem taxation) are required to submit a Business Personal Property Return for assessment of their business personal property assets.

New Business
If you are a new business on October 1st, and you have never filed a Business Personal Property Return, please click the link below to obtain a return form.  Business Personal Property Return forms must be submitted by December 31st annually.

Business Personal Property Return Form

Please complete the form and mail to:

                    Lee County Appraisal Department
                    Personal Property Division
                    P.O. Box 3050
                    Opelika, AL 36803-3050


If you have any questions please call (334) 737-3643 or (334) 737-3642

Business already on file

All taxpayers that have submitted a Business Personal Property return in prior years will receive a return each year (in compliance with yearly reporting requirements) which must be completed and returned no later than December 31, in the same year.  

The return you will receive from our office in September will provide on Part A, B, C, D, E and F all data from your previous years submission.  This information is provided to assist the property owner in adding, deleting and/or changing any information necessary for reporting compliance as of the October 1st lien date. 

Failing to File

Failure to make an assessment (return you Business Personal Property Return form) by the 3rd Monday in January will result in a ten (10%) percent penalty and assessor fees added to the tax bill.