Tangible Personal Property Categories

Group 1
Furniture, Fixtures, General Equipment & property not listed elsewhere.

(For many businesses, all or most of the personal property will fall into this group.)
Amusement devices (coin operated) Amusement park rides & equipment. Auto & truck washes
Auto repair equipment (except tools) Barber/beauty shop furniture, fixtures and equipment Broadcasting equipment (except towers)
Bulldozers & backhoes Cable TV equipment Cranes
Earth moving equipment Fork Lifts Grocery fixtures & equipment
Hospital furniture, fixtures & equipment Hotel/motel/apartment furniture fixtures & equipment Laundry/dry cleaning fixtures & equipment
Law Libraries Medical equipment Medical Libraries
Mining & quarrying equipment Mortuary furniture & equipment Musical Instruments
Office machines, furniture, fixtures & equipment Photographic equipment Professional equipment & Libraries
Recreational equipment (bowling lanes, billiard tables, etc) Repair and maintenance equipment Restaurant furniture, fixtures & equipment
Retail furniture, fixtures & equipment (including display racks, shelves, gondolas, checkouts, counters) Road building equipment
Signs (except billboards in Group 6) Sound reinforcement & recording equipment Theater seats, fixtures & equipment
Trailers (all types) Vending machines

Warehousing equipment
Group 2
Computers, Copiers, FAX Machines,
Peripherals and Tools
Computers Computer disk drives> Computer peripherals Computer tools Copiers
Computer cables Facsimile machines Hand held power tools Hand tools Modems
Operational Software Printers Terminals Tape drives  
Group 3
Molds, Dies and Jigs
Manufacturing molds Dies Jigs
Group 4
Aircraft, Towers and Boats
Aircraft Satellite Dishes Broadcasting towers
Tug boats and tow boats Ferries
Group 5
Manufacturing Machinery
All machinery used in manufacturing processes.
Printing presses and related machinery
Group 6
Billboards, Tanks and Pipelines
Billboards

Above-ground tanks

 Bins
Bulkheads Petroleum and gas pipelines Piping
Group 7
Scrap Property
Include only the property that is NO LONGER capable of use and for which there is no expectation of repair. Supply a description of the property, as well as its cost and year of acquisition.
Group 8
Raw Materials and Supplies
RAW MATERIALS are defined as "items of tangible personal property, crude or processed, which are held or maintained by a manufacturer, fabricator or printer for use in refining, combining or any other process in the production or fabrication of another item or product."
Do not include goods in process for the purpose of resale.
SUPPLIES are defined as "expendable items of tangible personal property which are used or held for use in the support of the business activity, including but not limited to office supplies stock, stock of spare parts for the maintenance of machinery and equipment, accessories used in the manufacturing process, printing supplies, packaging materials and supplies, cleaning and maintenance supplies.
Report the original cost of all raw materials and supplies on hand as of January 1, as determined by the "first-in-first-out" (FIFO) method of accounting.
Group 9
Vehicles
Include all automobiles, buses, tractor units, trucks and other type vehicles designed for over-the-road use.
Group 10
Construction-in-Process
Property which you treat as CIP for Federal income tax purposes may be reported in this group. Report only those costs included in your federal income tax return as CIP. When the construction is complete and the asset is ready for use, it must be reported in the proper group and the cost must be reported in the year of completion.

To view a copy of the Davidson County Tax Schedule B, click here.

Adobe Acrobat Reader is required to view the Tax Schedule and is a free download from here.

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