Personal Property Tax Bill
Questions
- What is personal property?
- Who must pay this tax?
- What property is taxable?
- When are tax bills mailed and payment due?
What is personal property?
Personal property is all tangible property other than real property, including, but not limited to: business equipment, office machinery, inventory, furniture and fixtures not located at the owner’s domicile on January 1.
Who must pay this tax?
Individuals, partnerships, associations, trusts, limited liability companies, Massachusetts business and out-of-state business corporations, limited liability companies filing federally as corporations, mutual insurance holding companies, Massachusetts and out-of-state manufacturing corporations and all other Massachusetts corporations subject to taxation under G.L. Chapter 63.
What property is taxable?
In general, all tangible personal property situated in Massachusetts and all tangible personal property owned by Massachusetts domiciliaries is taxable unless expressly exempt. There are many exemptions, which are usually based on ownership, type of property and use of property.
When are tax bills mailed and payment due?
Tax bills are mailed three times per year and due quarterly. The 1st and 2nd quarters are mailed on or about June 30th. The first quarter is due on August 1st and the second quarter is due on November 1st. The 3rd quarter is mailed on or by December 31st. and is due on February 1st. The 4th quarter is mailed on or by March 31st. and is due on May 1st. If the first of the month falls on a weekend, the bills are due the following Monday.
For more information…
For information about valuation, abatement or exemptions, please call the Assessor’s office at 508-393-5005. For information about balances or payments, please call the Tax Collector’s office at 508-393-5045.