The City levies a tax each calendar year on all tangible property used in a business, profession or occupation. Business tangible property includes furniture, fixtures and equipment, including but not limited to desks, typewriters, personal computers, movable partitions, drapes, cabinets and chairs.

Each March, the Finance Department mails property tax returns to all businesses that filed in the preceding year. Businesses must file the returns with an itemized listing of all tangible personal property, including the date of acquisition, date of disposal and original purchase price. If a business does not file a return by May 1, the City will conduct a statutory assessment of the account and bill accordingly.