Many states assess a personal property tax on certain items of personal property such as motor vehicles, boats, and aircraft. Business personal property taxes—taxes on tangible personal property items that are used to produce income—are often referred to as ad valorem taxes.
In Pennsylvania, there is no statewide personal property tax on items such as motor vehicles, boats, and aircraft. However, local jurisdictions within the state may impose their own taxes on personal property. For example, some counties or municipalities may assess a tax on personal property used in a business, often referred to as business personal property tax. These taxes are typically ad valorem, meaning they are based on the assessed value of the property. It's important for individuals and businesses to check with their local tax authorities to determine if such a tax applies to them. Additionally, while there is no personal property tax at the state level, Pennsylvania does impose other types of taxes on vehicles, such as a motor vehicle sales tax and registration fees.