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GENERAL INFORMATION
MUST FILE BY MAY 1, 2023 TAXES DUE ON OCTOBER 5, 2023
• The purpose of this return is to report the total original cost of all owned, leased, or rented tangible
business property located in Fairfax County as of January 1.
• All owned assets must be reported at the original capitalized cost or the cost that would have been
capitalized if the expense deduction, in lieu of depreciation, was elected per §179 of the Internal
Revenue Code. The original cost includes sales tax, freight, setup, and installation of all tangible
personal property.
• § 58.1-3109(6) of the Code of Virginia requires taxpayers, or their agents, to furnish information relating
to tangible or intangible business personal property and requires such persons to furnish access to their
books of accounts or other papers and records for the purpose of verifying information necessary to
make a complete and accurate assessment.
• Automobiles, trucks, vans, motorcycles, RVs, campers, boats, airplanes, and mobile homes must be
reported separately on a Personal Property Vehicle Registration form. Do not report them on this form.
• Property reported on this form is non-proratable and is taxed for the entire year even if sold or moved
out of the county after January 1. County Ordinance § 4-17.1-5(F).
• Businesses located in the Town of Clifton, Herndon, or Vienna are required to file with Fairfax County.
• A 10% late filing penalty will be assessed for each schedule if not filed or postmarked by May 1, 2023.
INSTRUCTIONS
Complete Schedules 1, 2 & 3 and attach a detailed asset listing of all property (tangible & intangible)
owned by your company and located in Fairfax County as of January 1. Also, list the disposed and/or
transferred assets on this form. The data should include description of the asset, original cost, and year
acquired. If this information is not provided as prescribed, the form will be considered incomplete and, late
filing penalties will be applied. Capitalized leases are treated as owned property and must be included in
either Schedule 1 or 2, depending on the type of property. All leased or rented property must be reported in
Schedule 3.
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Schedule 1 – Report the total original cost of all tangible personal property (except computer equipment
and motor vehicles) located in Fairfax County as of January 1 of each year, including but not limited to
furniture, equipment, tools, and signs used in any business or profession, artwork, trunk and feeder cables,
and studio equipment of cable television businesses. Telephones, cell phones, and other
telecommunications equipment, medical equipment, audio/visual equipment, multi-functional printers, and
security systems are reported on Schedule 1.
Schedule 2 – Report the total original cost of computer equipment (mainframe, PCs and peripherals, i.e.,
desktop printers, desktop scanners, monitors, modems, etc.) located in Fairfax County as of January 1 of
each year. Only report operating software required to operate systems. Do not report application software,
such as Excel, Word, accounting, inventory, or sales tracking software.
Schedule 3 – Report all leased equipment and provide copies of lease agreements. Code of Virginia §
58.1- 3518 requires lessees to report all tangible personal property leased from others. Leasing firms must
file a return in their own name and should include the name and address of the lessee. This information
should be provided in a printed or electronic media form. Incomplete filings will be returned.
Address: 12000 Government Center Pkwy # 223
Fairfax, VA 22035
Phone: 703-222-8234 (Option 4) TTY:711
Email: dtappdbusiness@fairfaxcounty.gov
Website: www.fairfaxcounty.gov/taxes/business
Fax: 703-324-3500
Customer Service Call Center & Walk-In
Monday – Friday 8:00 AM - 4:30 PM
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