Business Personal Property (BPP)
Technology and Digital
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Data Center Servers, Racks and Networking
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UPS Systems and Power Distribution Units
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Cooling and Mechanical Systems
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Fiber and Telecommunications Equipment
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GPU and AI Compute Hardware
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Crypto Mining Equipment
Industrial and Manufacturing
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Fixed Machinery and Production Equipment
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Semiconductor Fabrication Tools
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Pharmaceutical and Lab Equipment
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Refinery and Petrochemical Process Equipment
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Energy Generation Turbines and Transformers
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Cold Storage Refrigeration Systems
Healthcare and Life Sciences
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Imaging and Diagnostic Equipment (MRI, CT, PET)
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Surgical and Procedure Equipment
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Laboratory and Research Equipment
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Medical Office Fixtures and Systems
Commercial and Hospitality
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Hotel FF&E
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Casino Gaming Equipment and Systems
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Retail Fixtures and Point-of-Sale Systems
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Office Furniture and Equipment
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Restaurant and Food Service Equipment
Two assessments
on the same property.
Both wrong.
Both
correctable.
VALUATION APPROACH
Business personal property is assessed separately from real estate in most states and is among the most frequently over-assessed categories of taxable property in the country. The errors are systematic. Depreciation schedules applied by assessors are based on generic tables that bear no relationship to the actual useful life and functional condition of specialized equipment. Machinery and equipment integrated into the real property structure is misclassified as personal property. Conversely, personal property is assessed as part of the real estate. Both directions of error are common and both are recoverable.
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For data centers, the distinction between real property and personal property, building shell and power infrastructure versus servers, racks, cooling units, and GPU hardware, is the single most consequential classification question in the sector. For pharmaceutical and semiconductor facilities, fabrication tools and lab equipment are routinely valued at replacement cost without adequate obsolescence analysis. For hospitals, imaging equipment and surgical systems depreciate on technology cycles that county assessors are simply not equipped to track. The personal property appeal is most powerful when coordinated with the real property appeal, ensuring the total assessed value across both classifications reflects market reality.
OUR EXPERTISE
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BPP rendition review and appeal across every major asset class: data center IT infrastructure, GPU and AI compute hardware, UPS systems and power distribution units, pharmaceutical and biotech lab equipment, semiconductor fabrication tools, energy generation turbines and transformers, cold storage refrigeration systems, hotel furniture fixtures and equipment, casino gaming systems, and medical imaging and diagnostic equipment including MRI, CT, and PET systems.
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Every BPP engagement begins with the rendition, audits the depreciation schedule against actual useful life and condition, identifies misclassified assets on both sides of the real versus personal property line, and builds the appeal argument from the equipment level up. The same investment-grade real estate intelligence that drives the real property appeal informs the personal property strategy. Across the most capital-intensive asset classes in the country, the combined reduction on both assessments consistently exceeds what either appeal would produce independently.