The purpose of this article is to explain how leased equipment should be reported and how it impacts appraisal.
What Counts as Leased Equipment?
Examples of leased equipment includes, but is not limited to:
- Copiers and printers
- POS systems
- Ice machines
- Vending machines
- Pool tables
- Gym equipment
- Specialized medical or restaurant equipment
Do I Report Leased Equipment?
Yes. Even if you do not own it, you should still report leased equipment on the rendition in the section designated for leased or borrowed property (often Section 4 of the Business Personal Property Rendition).
This helps BCAD understand:
- You are using the equipment.
- You are not the owner.
- The owner may be separately appraised.
Who Pays the Tax?
In many situations:
- The owner of the equipment is responsible for the BPP account for that equipment
But lease contracts can pass the cost through to the business as part of payments.
If you receive a notice and you believe it is not your equipment, contact the Business Personal Property (BPP) department at 210-242-2432.
What To Include?
- Name of leasing company
- Description of equipment
- Serial number or item ID, if known
- Location address where the equipment is used
Need Help?
Contact the Business Personal Property Department at:
Bexar Central Appraisal District
411 N Frio St
PO Box 830248
San Antonio, TX 78283-0248
Phone: 210-242-2432
Fax: 210-242-2454 or 210-242-2453
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