Business Personal Property Tax

What is the Business Personal Property Tax?

The Business Personal Property Tax (BPPT) is a tax collected by municipalities from telecommunications companies. Based on a state statute, when a telecommunications company provides 51% or more of a local telephone exchange to a company that is operating machinery, apparatus, or equipment used to refine petroleum, the company is subject to pay the municipality in which it is operating, a tax. Based upon their records, which are not publicly available, a company can claim they are no longer providing 51% or more local telephone exchange.

Related Legislation

S-1586 (PDF)


Verizon New Jersey Inc. v. Hopewell Borough, 26 N.J. Tax 400 (2012)

Related News Articles

Hopewell Borough Wins Property Tax Battle with Verizon,, February 22, 2019.

Hopewell Borough fights Verizon over taxes allegedly owed on telephone poles,, November 29, 2009.