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Home › Government › Departments › Commissioner of the Revenue › Frequently Asked Questions › Business Property
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Business Property FAQs

Page Content

I work from home. What property do I need to report?
All property owned, loaned, or made available for you to conduct business is reportable and taxable. Examples of business property include: cell phones, desks, chairs, computers, servers, and printers.

If I close my business on March 1, do I still have to pay business property tax for the full year?
Yes. Business property tax is based on the property you were using to operate your business on January 1 of that year. Business property tax is not prorated.

Contact Information

Commissioner of the Revenue - Business License

Direct: (757) 385-4515 | Email: business@vbgov.com | Fax: (757) 385-4183
Address: 2401 Courthouse Drive - Virginia Beach, Virginia  23456

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