Business Personal Property Taxes

Business Personal Property is the furniture, fixtures, and equipment used to operate your business.

There are two types of Business Personal Property Returns: County Filer and State Filer. Check the lists below to determine which category you should file.

County Filers

County Filers for Business Personal Property Return
(County filers do not have sales tax license)

  • Banking Institutions and Credit Union Agencies
  • Daycares
  • Financial Services (Accountants, Financial Advisors)
  • Healthcare Professionals and Services, and Dentists
  • Hotels, Rooming Houses, Apartments, and Rental Properties
  • Insurance Agents and Insurance Companies
  • Law Offices
  • Legal Services
  • Museums, Art Galleries, Botanical and Zoological Gardens
  • Nursing Homes/Adult Care
  • Organizations (Profit and Nonprofit)
  • Real Estate Companies
  • Salons/Barber Shops
  • Special Schools (Cosmetology and Barbering Schools
  • Other Services without sales tax license

Filing Information

  • File online: through Richland County Auditor’s Office.
  • First time filing: Complete the PT-100 form(PDF, 87KB) and asset worksheet(PDF, 270KB) then email as attachments to the Richland County Auditor’s Office at businesspersonalproperty@richlandcounty.gov.
  • Filing Period: January 1 - April 30 annually
  • Deadline: Before April 30 each year you own the business
  • Penalties: Failure to file a return by April 30 can result in late fees and penalties.
  • Amendments: Returns can be amended up to three years from the time of original filing or two years from when the tax was due, whichever is later.

File Richland County Business Personal Property Return

State Filers

State Filers for Business Personal Property Return

  • Wholesale Trade Companies (Division F)
  • Durable Goods
  • Non-Durable Goods
  • Retail Trades (Division G)
  • Hardware/Garden Supply Stores
  • Mobile Homes Dealers
  • Food Stores
  • Auto Dealers and Gas Stations
  • Apparel and Accessory Stores
  • Furniture/Home Furnishing Stores
  • Eating and Drinking Establishments
  • Miscellaneous Retail

Filing Information

  • Filed through the South Carolina Department Of Revenue.
  • Form: PT-100
  • Pertains to businesses collecting sales tax or miscellaneous retail.
  • Deadline: Any business which opens after the end of the accounting period must file an initial return as of December 31 with the return being due the last day of April. After the initial return, businesses are required to file on or before the last day of the fourth month after the close of the accounting period regularly employed by the taxpayer, for income tax purposes.
  • Contact: 803-898-5222.

File PT-100 with the South Carolina Department of Revenue

Examples of Items

Listed below are examples of items that would fall under (but are not limited to) Business Personal Property Taxes.

Please also note that the items listed under each type of business could also be listed under other types of businesses.

Office Equipment

Desks, chairs, computers, monitors, printers, copiers, fax machines, lamps, lamp tables, filing cabinets, book shelves, office phone systems, security systems, sofas, work bench, cash register etc.

Work Equipment

Hand tools, saws, mowers, blowers, weed eaters, tractors, paint brushes, buckets etc.

Salons

Cutting shears, curlers, straighteners, blow-dryers, shampoo bowl, stations, massage tables, sound machines, mirrors etc.

Daycares

Play equipment, swing sets, shelving, TV, DVD player, tables, chairs, highchairs, beds, toys etc.

Rental Properties

Kitchen appliances (fridge, stoves, wish washer etc.), patio furniture, beds, couches, tables, lamps, blinds, artwork, rugs smoke detectors, ceiling fans, etc.

Hotels and Apartments

  • Office: Appliances, blinds, sprinkler system, art work, phone systems, computers, fax, copier, desk, etc.
  • Lobby: Furniture, artwork, draperies, ceiling fans, etc.
  • Laundry Facility: Washers, dryers, tables, chairs, laundry sink, etc.
  • Fitness Center: All exercise equipment (treadmills, stationary bikes, weights, etc.), TV’s, tables, chairs, etc.
  • Hotel Rooms: Beds, tables, TV’s, lamps, artwork, stoves, refrigerators, coffeemakers, blow dryers, irons, etc.
  • Pool Area: Pool Equipment, pool tables and chairs, umbrellas, etc.
  • Playground and Picnic Areas: Playground equipment, picnic tables, grills, gazebos, etc.
  • Maintenance: All equipment and tools, power washers, pressure washers, golf carts, etc.

Definitions

Acquisition cost is the total of all fixed assets, cost when purchased.

  • That cost is carried forward from year to year along with new purchases, less deposals.

The net depreciated value is the difference between acquisition cost and depreciation.

  • When an item or items are depreciated 90% or more, you must add back 10% of the original cost.

Total net depreciated value is multiplied by .105% for the assessment.

  • The assessment is then multiplied by the millage rate (tax district) for the total tax dollars owed to Richland County.

 

Auditor

Paul Brawley is the Richland County Auditor.

Phone

803-576-2600

Fax

803-576-2605

Email

Auditor's Office

Location

2020 Hampton St.
Ste. 2067
Columbia, SC 29204

Mailing Address

P.O. Box 192
Columbia, SC 29202

Office Hours

Monday - Friday
8:30 a.m. - 5 p.m.

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