A: Returns are due each year by March 15.
Returns filed after March 15, but on or before June 1, are subject to a 5% late filing penalty.
Returns filed after June 1 but on or before August 1, are subject to a 25% late filing penalty.
Returns filed after August 1 or not at all, are subject to a 50% late filing penalty.
If the above dates fall on a weekend, the due date will be the following Monday.
A: A Business Personal Property Form is a confidential form used to list all taxable business personal property which you own, possess, or control in the operation of your business. Oregon Revised Statute (ORS) 308.290 requires every business owning taxable personal property to file an annual return with the Assessor of the county in which the property is located. For more information on Business Personal Property, see the Department of Revenue Publication Personal Property Assessment and Taxation. Thank you.
A: No, business personal property is taxed using the same rates as the real property upon which it is located.