Personal property’s primary characteristic is its mobility. It includes most machinery, equipment, furniture and fixtures associated with commercial, industrial or agricultural enterprises. Business inventories are exempt from property tax. However, supplies consumed in the operation of a business are taxable. The assessor uses the affidavit to value property for taxes due the following year. Personal property tax rates are the same as for real property.
Everyone who uses personal property in a business must complete a personal property affidavit
by April 30 each year. When completing the form you must:
Failure to submit:
The penalty for not filing a personal property listing is 5% per month of the total assessed tax due the following year, up to a maximum of 25%. (RCW 84.40.040 & RCW 84.40.130)
In addition, by law, if your personal property taxes are not paid a lien can be placed on your real property account (84.56.070).
Return listings to:
Island County Assessor’s OfficePersonal Property DepartmentPO Box 5000Coupeville, WA 98239
Or call for more information:360-678-7854
As a property owner, you are responsible for filing a personal property listing each year that you have taxable property even if you do not receive the form by mail. If you have multiple business locations, you must complete a separate listing for each location. The assessed value is allocated to the taxing district based on where the property is located.
Unless specifically exempt, all tangible personal property is subject to personal property tax. The major categories of taxable personal property include the following:
Yes, you may file your annual personal property listing in an Excel file
The Excel file must include a complete list of ALL assets the business has. The Excel file will need to include a brief description of the assets, the original cost (less sales tax) and the year acquired. Please include the business name, account number and contact information in the Excel file or in the email. For additional questions you may
send an email or call our office at (360) 678-7854.
More information can be found by contacting the Assessor’s Office at 360-678-7854
Email Address:Kristina Mayhew
Phone Number: (360) 678-7854