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Franklin D. Edmondson, MCR
Commissioner of the Revenue
City Hall Building
801 Crawford Street
Portsmouth, VA. 23704
(757) 393-8771


 

Office of the Commissioner of The Revenue
Business Tangible Personal Property Tax

The City of Portsmouth assesses personal property employed in a trade, business, or profession. This is everything other than real estate. It includes furniture, fixtures, tools, machinery, household appliances, signs, equipment, leasehold improvements, leased equipment and any other equipment used in a business or to earn an income.

A detailed depreciation schedule, including all fully depreciated items or a list of fixed assets itemizing all property at original installed cost must be submitted each year to the Commissioner.

 

 

City of Portsmouth, Virginia · All Rights Reserved · Portsmouth City Hall · 801 Crawford Street · Portsmouth, VA 23704 · 757-393-8000