Flag_of_Alabama.svg
An official website of the Alabama State government.
Here's how you know

The .gov means it's official

Government websites often end in .gov or .mil. Before sharing sensitive information, make sure you’re on an official government site.

The site is secure

The https:// ensures that you are connecting to the official website and that any information you provide is encrypted and transmitted securely.

  • Homepage
  • >
  • Who is required to report personal property?
View All Personal Property FAQs

Who is required to report personal property?

Every individual, firm, or corporation owning tangible personal property in Alabama on October 1 of each year is required to report it for taxation. Any individual, firm, or corporation owning aircraft based in Alabama is required to report it on a tangible personal property return. Any individual firm or corporation that purchases a permanent trailer tag or owns a commercial vehicle based in Alabama but registered and tagged in another state is also required to report these assets on a tangible personal property return.

Every individual, firm, or corporation owning tangible personal property in Alabama on October 1 of each year is required to report it for taxation. Any individual, firm, or corporation owning aircraft based in Alabama is required to report it on a tangible personal property return. Any individual firm or corporation that purchases a permanent trailer tag or owns a commercial vehicle based in Alabama but registered and tagged in another state is also required to report these assets on a tangible personal property return.
Related FAQs in Personal Property
If you fail to file a listing of your Business Personal Property, a field review will be conducted in accordance with the provisions of Title 40 of the Code of Alabama 1975. During this field review, a listing will be made of your business personal property and this property will be assessed to you.
The Code of Alabama 1975, Sections 40-3-20, 40-3-24, and 40-3-25 detail the appeals process. If you believe your property value is incorrect, you may file a written protest to the County Board of Equalization (BOE). Property owners are given 30 days to file an appeal after receiving written notice of valuation.
If you fail to file a listing of your Personal Property, the assessing official’s office in the county where the property is located will make an assessment of the property using the best available information. In addition to tax owed, applicable penalties will be assessed. This procedure is in accordance with Section 40-7-22, Code of Alabama 1975.