Tangible Personal Property
Taxscribe for Texas Business Owners & CPAs
Modern personal property tax filing for Texas — 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 Tangible Personal Property tax?
In Texas, "Tangible personal property" means personal property that can be seen, weighed, measured, felt, or touched or that is perceptible to the senses in any other manner.
Who should file Tangible Personal Property?
Anyone who owns Tangible Personal Property that is used to produce income should file a rendition with the County Appraisal District. A rendition is a report that lists all the taxable property you owned or controlled on Jan 1 of the filing year
- Filing deadline
- April 15
- Late penalty
- 10% of taxes ultimately imposed; 50% if fraud or intent to evade found
- Exemption application
- Before May 1
When you should file:
All Texas businesses must file their Tangible Personal Property Tax Renditions by April 15th with their County Appraisal District.
Extensions:
On written request by the property owner, the chief appraiser must extend a deadline for filing a TPP rendition statement or property report to May 15. The chief appraiser may further extend the deadline an additional 15 days upon good cause shown in writing by the property owner.
Exemptions:
A person is entitled to an exemption from taxation of the tangible personal property that is held or used for the production of income if it has less than $2,500 of taxable value. The general deadline for filing an exemption application is before May 1.
Important Notes About Tangible Personal Property:
- In Texas, the Business Personal Property Rendition of Taxable Property is form 50-144
- if you fail to file your rendition before the deadline or you do not file it at all, a penalty equal to 10% of the amount of taxes ultimately imposed on the property will be levied against you. There is also a 50% penalty if a court finds you engaged in fraud or other actions with the intent to evade taxes.
Coverage
How Taxscribe works in Texas
Taxscribe supports Tangible Personal Property filing across Texas. 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.