Business Personal Property Overview

All non-exempt tangible business personal property is valued and assessed annually by the Personal Property division of the Assessor’s Office. Taxable personal property is primarily that which is used in the operation of a business, mobile home, aircraft, and motor vehicles. All businesses are required to declare their taxable property to the Assessor annually. The statements are mailed to all Wasatch County businesses on the tax rolls during January.

The taxpayer has until May 15 to complete the statement and return with payment of the tax.

Statutory citations regarding the assessment of personal property are contained in Title 59, Chapter 2 of the Utah Code. Certain types of property and some entities are exempt from property taxes. The personal property tax is collected and apportioned to the county, cities, school districts and other taxing entities to pay for local governmental services.