Personal Property Tax on Leased Vehicles Log Out | Topics | Search
Moderators | Register | Edit Profile

City of Frisco Question and Answer Board » Frisco Q & A » Personal Property Tax on Leased Vehicles « Previous Next »

  Thread Last Poster Posts Pages Last Post
  Start New Thread        

Author Message

New member
Username: Dblr

Post Number: 1
Registered: 01-2013
Posted on Wednesday, January 02, 2013 - 11:36 am:   

Does the personal property tax on lease vehicles apply to residents of Frisco in Denton county, or just Collin county, or both?

I see on the Cities That Tax Leased Autos Used for Personal Use web page ( that Denton CAD does not list Frisco.


Ben Brezina, Assistant to the City Manag
Username: Ben_brezina

Post Number: 310
Registered: 06-2010
Posted on Wednesday, January 09, 2013 - 09:48 am:   

The state passed a tax law that allows local taxing jurisdictions the option of exempting leased vehicles if the person files an affidavit stating the vehicle was for personal use. The City is taxing the leasing company’s business personal property. The analogy given by some of our council members was similar to Macy's inventory or the machinery and tools of a rental business. These businesses have to pay business personal property taxes on their inventory. Their taxes are recovered in the cost to rent the equipment or passed on in the cost of the merchandise being sold. The leasing company is not much different. The leased vehicles are their business personal property. The City Council last reviewed this issue in 2004 and did not indicate a desire to change the City ordinance, thereby continuing to tax these leased vehicles as business personal property of the company. Not all leasing companies pass on the tax; it depends on the contract the person has signed. I hope this answers your question.

Please feel free to give me a call if you have additional questions, or e-mail at

Nell Lange
Assistant City Manager
(972) 292-5110

Add Your Message Here
Username: Posting Information:
This is a private posting area. Only registered users and moderators may post messages here.
Options: Enable HTML code in message
Automatically activate URLs in message