For 2014, tangible personal property having a total aggregate fair market value of $10,000 or less per county is exempt from tax.
- If the aggregate taxable value of all tangible personal property owned by the legal entity is $10,000 or less, you are eligible to apply for an exemption.
- This exemption is based on ownership.
- The application is part of the declaration form.
- ONESOURCE Property Tax will automatically remind you to fill out the application based on your taxable value totals.