Commercial Personal Property
Taxscribe for Arkansas Business Owners & CPAs
Modern personal property tax filing for Arkansas — 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 Commercial Personal Property tax?
In Arkansas, commercial personal property is any property used to generate income, such as through the sale of items or the provision of a service. This includes:
- Vehicles
- Furniture
- Fixtures
- Equipment
- Inventory
- Supplies
Who should file Commercial Personal Property?
All businesses possessing personal property, like the items listed above, should file a Commercial Personal Property Rendition form.
- Filing deadline
- All tangible personal property must be listed with the assessor no later than May 31 or the next business day if May 31 falls on a weekend or holiday each year.
- Late penalty
- Property assessed after the deadline of May 31st will be penalized in the amount of 10% of the taxes levied on the property.
- Appeal window
- The third Monday of August is the deadline to file an appeal with the Board of Equalization
When you should file:
All tangible personal property must be listed with the assessor no later than May 31 or the next business day if May 31 falls on a weekend or holiday each year.
Exemptions:
No automatic exemption from assessment applies to tangible personal property of businesses. In two instances, personalty may be subject to exemption, but all property should be listed with the assessor. The potential exemption applies to some inventory of manufacturers and to certain fixed assets.
Important Notes About Commercial Personal Property:
- Property assessed after the deadline of May 31st will be penalized in the amount of 10% of the taxes levied on the property.
- The third Monday of August is the deadline to filed an appeal with the Board of Equalization
- Any questions should be directed to your local county assessor.
Coverage
How Taxscribe works in Arkansas
Taxscribe supports Commercial Personal Property filing across Arkansas. 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.