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Tangible Personal Property Taxes
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Located at the Maryville Municipal Building - Main Level (Off W. Broadway Avenue)
Customer Service Hours 7:30 a.m. - 4:30 p.m. Monday - Friday
400 W. Broadway Avenue | Maryville, TN 37801 | (865) 273-3900 Phone
Jerry Barnes | (865) 273-3499 | [email protected]
Jerry Barnes | (865) 273-3499 | [email protected]
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City of Maryville Contact
Jerry Barnes (865) 273-3461 [email protected] Maryville Police Department Tax Enforcement Division (865) 273-3742 |
Blount County Government Contact Information
Blount County Clerk | (865) 273-5800 Blount County Trustee | (865) 273-5900 Blount County Property Assessor | (865) 273-5850 |
Tangible Personal Property Tax
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Tangible Personal Property Tax (also called Commercial Personal Property)
Tax on business property that can be physically relocated such as furniture, fixtures, vehicles, raw materials, tools, billboards and leased equipment that is not listed as real estate. (T.C.A. § 67-5-903) All business tangible personal property is subject to an ad valorem (according to value) tax under Tennessee law. Both Property and Tangible Personal Property are paid annually to the City - as well as to Blount County. Personal Property Tax is determined by appraisal of business equipment by the County Property Assessor based on the form below. Blount County Tangible Personal Property Schedule In Blount County, as in most other jurisdictions across the state, an audit process has been added to ensure that this program is accomplished in the most equitable manner possible. |
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Property taxes comprise more than 50% of the City's general fund revenue. Taxes pay for the services that the city funds, administers and operates for citizens.
Rate - $2.27 per $100 assessed value City Council deliberates property tax rates annually based on budget needs. Business Closing Notice Notify the following entities about a closed business immediately to avoid additional tax assessment (contact information above). If the business is open on January 1, tax is assessed on the entire year.
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The Tangible Personal Property Schedule form must be completed annually by March 1. The Property Assessor will otherwise assess a "forced appraisal" according to State law.
Deductions/ Credit As provided by the State, some tangible personal property owners may take a deduction on their business tax returns. |
Tangible Personal Property Taxes
Notices, Billing and Payment Calendar
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Tangible Personal Property Tax Notices, Billing and Payment Calendar January The County Property Assessor will mail forms out. You can also obtain the form at the link below. Blount County Tangible Personal Property Schedule Tangible Personal Property Tax Bills will be separate from Property Tax Bills. March 1 Blount County Tangible Personal Property Schedule due. May Assessment Change Notices are mailed to business owners (from Blount County) June Equalization Board begins appeal hearings. September Filing deadline for amended schedules The city of Maryville will bill personal property tax October Blount County Trustee will bill personal property tax September 1 - November 30 City of Maryville Payments Due and Payable December 1 City of Maryville tax bills are delinquent. Penalties and interest will begin accruing at a rate of 2.33% per month. Unpaid personal property tax accounts will be referred to the Maryville Police Department Tax Enforcement Division on December 1 of each year. October - February 28 County taxes due. Please contact the Blount County Trustee. March 1 County tax bills are delinquent. Please contact the Blount County Trustee. City of Maryville penalties are set by City Council and cannot be waived according to the Maryville Municipal Code. |
If you know your appraised value (see information above), you can calculate your property taxes with our calculators.
City Taxes CalculatorCounty taxes are not associated with City taxes. This tool is only for your convenience.
County Taxes Calculator |
Frequently Asked Questions
Q: Who has to file a Tangible Personal Property Schedule?
A: Every business owner in Tennessee, whether incorporated or not, is required to file the schedule annually with the Assessor of Property for the county in which the business is located.
Q: What is considered tangible personal property?
A: Furniture, computers, machinery, tools, supplies, raw materials, vehicles, scrap, billboards, tanks, pipelines -- just about any property not considered real estate falls under the definition. If you have any questions about whether an asset fits the description, contact the Division of Assessment.
Q: What if I'm a small business operator and don't have a staff of accountants to help me?
A: Contact the Blount County Property Assessor’s Office at 273-5850. Someone will be available to assist you in completing the Tangible Personal Property Schedule.
Q: What happens if I don't file the schedule prior to March 1
A: The law requires the Assessor's Office to place a value on your tangible personal property, which may be higher than you would have reported. Your only appeal route then is through the County Board of Equalization. You also may be assessed a penalty for failing to report.
Q: Will I be audited?
A: Every business owner is subject to selection for audit. A member of the Assessor's staff will review each completed form, and where necessary, work with the business owner to obtain an accurate reporting. Audit methods vary based on the size and type of business involved. An inspection of the business premises may be required, or a detailed examination of records of purchases may be needed. You can help by doing the most thorough job possible when you complete the schedule.
Q: How will I know if my assessment is changed?
A: You will receive an Assessment Change Notice from the Assessor's Office, in May, indicating any changes. If you disagree with the changes, you should contact the Assessor's Office to request a review and provide any documentation you have to support your case. It you still don't agree with the Assessor's Office action, you may file an appeal to the County Board of Equalization, which begins its meetings on June 1.
A: Every business owner in Tennessee, whether incorporated or not, is required to file the schedule annually with the Assessor of Property for the county in which the business is located.
Q: What is considered tangible personal property?
A: Furniture, computers, machinery, tools, supplies, raw materials, vehicles, scrap, billboards, tanks, pipelines -- just about any property not considered real estate falls under the definition. If you have any questions about whether an asset fits the description, contact the Division of Assessment.
Q: What if I'm a small business operator and don't have a staff of accountants to help me?
A: Contact the Blount County Property Assessor’s Office at 273-5850. Someone will be available to assist you in completing the Tangible Personal Property Schedule.
Q: What happens if I don't file the schedule prior to March 1
A: The law requires the Assessor's Office to place a value on your tangible personal property, which may be higher than you would have reported. Your only appeal route then is through the County Board of Equalization. You also may be assessed a penalty for failing to report.
Q: Will I be audited?
A: Every business owner is subject to selection for audit. A member of the Assessor's staff will review each completed form, and where necessary, work with the business owner to obtain an accurate reporting. Audit methods vary based on the size and type of business involved. An inspection of the business premises may be required, or a detailed examination of records of purchases may be needed. You can help by doing the most thorough job possible when you complete the schedule.
Q: How will I know if my assessment is changed?
A: You will receive an Assessment Change Notice from the Assessor's Office, in May, indicating any changes. If you disagree with the changes, you should contact the Assessor's Office to request a review and provide any documentation you have to support your case. It you still don't agree with the Assessor's Office action, you may file an appeal to the County Board of Equalization, which begins its meetings on June 1.
