Simplifying Compliance: States Are Raising Business Personal Property Exemptions

By Katy True, Operations Manager at Swartz and Associates

Across the country, states are increasing business personal property exemption thresholds – some with incremental adjustments, others dramatically. These changes are reshaping compliance requirements, reducing administrative strain, and many businesses are seeing meaningful reductions in taxable value.

Higher exemptions eliminate filings for lower‑value accounts, easing the burden on multi‑location companies, and remove many small businesses from the tax rolls. The overall trend points to a more simplified, taxpayer‑friendly landscape that lightens compliance demands for businesses of all sizes.

For organizations with operations in multiple states, conducting an annual review of each state’s requirements is essential to stay aligned with evolving rules and to benefit from favorable developments.

The trend is clear: states are moving toward easing the burden of business personal property taxation for 2026 and beyond.

Swartz + Associates, Inc. (SAI) is a full service property tax firm specializing in the review, analysis and appeals of real and business personal property tax valuations. If you need help with your property taxes, give us a call!