Franklin D. Edmondson, MCR
Commissioner of the Revenue
City Hall Building
801 Crawford Street
Portsmouth, VA. 23704
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.