Intangible Property Tax

Intangible property tax is a tax levied on intangible property that is generally a property interest other than real or personal property and with no intrinsic value. Its value lies in the rights themselves.

Examples include:

• Stocks/Bonds
• Goodwill
• Patents
• Copyrights
• Customer Lists

Generally an annual tax return is filed by the taxpayer. This return is subject to audit.