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Business Personal Property (BPP) FAQs

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What is a Confidential Business Personal Property Rendition?

This is a statement listing anything that is not real property used to generate income. All businesses are required by state law to file this rendition.

What is business personal property?

Business personal property includes, but is not limited to, furniture, fixtures, equipment, (office and shop), tools, machinery, computers, copiers, motor vehicles, aircraft, inventory held for sale on consignment, raw materials, goods in process, finished goods and/or those awaiting sale or distribution. Please note: If you use your own personal tools, machinery, equipment, vehicles or any other item, gadget or thing to produce a product or provide a service and receive income, those items are included in the appraisal assessment.

When do you file the rendition and what is the deadline?

After January 1 and not later than April 15 of each tax year, if the deadline falls on a Saturday or Sunday it is postponed until the next business day.

What should I do if I am unable to file on time?

If more time is needed, a May 15 extension request must be received in writing by the April 15 rendition filing deadline. You can submit your request in several ways:

  • You can mail your extension request to…
    Collin Central Appraisal District
    Attn: BPP Department
    250 Eldorado Pkwy
    McKinney, TX 75069
  • You can fax your extension request to…
    469-742-9203
  • You can e-mail your extension request to…
    This email address is being protected from spambots. You need JavaScript enabled to view it.

Each request for an extension must include the following:

  • the business owner's name
  • the location address of the business
  • a phone number
    — if available, please include the property's Property ID too

If the extension has been granted, no approval letter will be mailed – but the statement “A Rendition Extension has been Granted on this property.” will appear near the top of the property's details on our website's Property Search.

If, however, the request was received after the rendition filing deadline, a denial letter will be mailed to the mailing address on file.

Can I file my rendition on-line or electronically?

No, currently this function is not available.

Is leased equipment taxable?

Yes. It is taxable to the owner of the property as of January l of the tax year.

Am I required to file a business personal property rendition form?

Yes. State law requires that all business owners file a business personal property rendition annually. If you fail to timely file a rendition or other property report required by Texas law, the chief appraiser must impose a penalty in an amount equal to ten percent (10%) of the total taxes due on the property for the current year.

How can a rendition form be obtained?

As a courtesy, the appraisal district mails rendition forms to businesses currently listed on the appraisal district's records. If a business owner does not receive a form, it is the business owner's responsibility to contact the Collin Central Appraisal District @ (469) 742-9200. Rendition forms are also available here.

When can I expect to receive my rendition form?

Renditions are mailed by February 1st of each year.

Is it to my benefit to render my business personal property?

Yes. The age and original cost of the property is very important and may help in determining the value of the property. An appraiser may come by your property location to make an inspection and will make an estimate of your property's worth.

What happens if I don't file a rendition for my business?

If you fail to timely file a rendition or other property report required by Texas law, the chief appraiser must impose a penalty in an amount equal to ten percent (10%) of the total taxes due on the property for the current year. If a court determines that a taxpayer filed a false rendition or report with the intent to commit fraud or to evade the tax or has altered, destroyed, or concealed any record, document, or thing, or presents to the chief appraiser any altered or fraudulent record, document, or thing, or otherwise engages in fraudulent conduct for the purpose of affecting the outcome of an inspection, investigation, determination, or other proceeding before the appraisal district, the chief appraiser must impose an additional penalty equal to fifty percent (50%) of the total taxes due on the property for the current year.

If the appraisal district determines that there has been omitted property left off the roll, the property will be back assessed. Additional penalty and interest may be applied.

What if I move or sell my business during the year?

The tax liability on business personal property is determined according to its location and ownership as of January 1.

What if I close my business during the year, will my taxes be prorated?

No. The taxes will be assessed for the entire year.

Are rendered business records open to the public?

No. Personal property renditions are confidential and not available from open records for public inspection.

My business has an aggregate value less than $20,000. Must I complete all of this complicated form?

Section 22.019(f) of the Texas Property Tax Code states:

"Notwithstanding Subsections (a) and (b), a rendition statement of a person who owns tangible personal property used for the production of income that, in the owner’s opinion, has an aggregate value of less than $20,000 is required to contain only:

  1. the name and address of the property owner;
  2. a general description of the property by type or category;
  3. the physical location or taxable situs of the property."

Is my business taxable if I operate it from my home?

Yes. All business assets, regardless of location, are taxable.

I own my own tools and equipment, but use them in my business. Are these items taxable?

Yes. All furniture, fixtures, equipment, (office and shop), tools, machinery, computers, copiers, motor vehicles, aircraft, inventory held for sale on consignment, raw materials, goods in process, finished goods and/or those awaiting sale or distribution that are used to produce income are taxable whether you make a profit or not.

Can my vehicle that I use for personal and business be exempt?

Effective January 2007 the taxpayer may file an exemption on one vehicle that is owned by an individual and the vehicle is being used for personal and business use. This exemption deadline is April 30th. An application can be found here.

Can I use my bookkeeping records as my rendition?

Yes. Attach these records to the rendition, sign and date it and then return it to our office. Include asset listings with the date of acquisition and original cost. All assets owned by the business must be rendered.

If all my business personal property has already been depreciated out according to Federal Income Tax Laws, is my business still taxable?

Yes. If your business personal property is still in use and used to generate income, your business personal property is taxable.

May I use my Federal Income depreciation schedule?

Yes. However, you must list all assets still in use to produce income along with it the year of acquisition and original cost.

What if the Appraisal District values are higher than the amount that was rendered?

If you disagree with the appraisal district value, you have the right to protest before the ARB.

Can the appraisal district request additional information after receiving a rendition?

Yes, Section 22.07 of the Texas Property Tax Code states:

(c) The chief appraiser may request, either in writing or by electronic means, that the property owner provide a statement containing supporting information indicating how the value rendered under Section 22.01 (a)(5) was determined. The statement must:

  • summarize information sufficient to identify the property, including:
    the physical and economic characteristics relevant to the opinion of value, if appropriate; and the source of the information used;
  • state the effective date of the opinion of value; and
  • explain the basis of the value rendered. If the property owner is a business with 50 employees or less, the property owner may base the estimate of value on the depreciation schedules used for federal income tax purposes.

(d) The property owner shall deliver the statement to the chief appraiser, either in writing or by electronic means, not later than the 21st day after the date the chief appraiser’s request is received. The owner's statement is solely for informational purposes and is not admissible in evidence in any subsequent protest, suit, appeal or any other proceeding under this title involving the property other than:

  • a proceeding to determine whether the property owner has complied with this section;
  • a proceeding under Section 22.29(b); or
  • a protest under Section 41.41 of the Texas Property Tax Code.

(e) A statement provided under this section is confidential information and may not be disclosed, except as provided by Section 22.27 Texas Property Tax Code.

(f) Failure to comply with this section in a timely manner is considered to be a failure to timely render under Section 22.01 of the Texas Property Tax Code, and penalties as described in Section 22.28 of the Texas Property Tax Code shall be applied by the chief appraiser.

What is Dealer's Special Inventory tax?

For property tax purposes, Texas law requires that a motor vehicle dealer’s inventory is appraised based on the total sales of motor vehicles in the prior year. Dealers must file with the county appraisal district a Dealer’s Motor Vehicle Inventory Declaration from listing the total value of the inventory sold in the prior year. The dealer must also file with the county tax office a monthly form Dealer's Motor Vehicle Inventory Tax Statement listing the motor vehicles sold, and prepay their property taxes for each vehicle, a copy of this monthly form must also be sent to the county appraisal district.

What are the due dates of Dealer's Motor Vehicle Inventory forms?

The yearly Declaration is due February 1st and the monthly inventory statements are due each month by the 10th.