Business Tangible Personal Property Tax

Personal Property

The City of Portsmouth assesses personal property employed in a trade, business, or profession. This is everything other than real estate. It includes:
  • Equipment
  • Fixtures
  • Furniture
  • Household appliances
  • Leased equipment
  • Leasehold improvements
  • Machinery
  • Signs
  • Tools
  • 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.