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    Business Personal Property Tax

    All businesses located in the City of Lynchburg are required to file an itemized list of all equipment utilized in the business as of January 1 of the current year. This list must be filed with the Commissioner of the Revenue on or before February 15 each year. If this requirement is not met, a 10 percent or 10 dollar penalty (whichever is greater) will be assessed.  Businesses who have previously filed will receive a pre-printed card containing the previous year's information.

    Equipment is assessed in the following manner:

    Age Assessment Ratio
    1 - 5 years 30% of cost
    Over 5 years 25.35% of cost
    • The tax rate is $3.80 per $100 of assessed value
    • The business personal property tax will be billed in two installments. The first installment will be mailed May 1 and will be due June 5. The second installment will be mailed November 1 and will be due December 5.

    The Business Personal Property Return may be  to

    For further information regarding Business Personal Property tax  434-455-3880.

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