diff --git a/sdk/formrecognizer/azure-ai-formrecognizer/CHANGELOG.md b/sdk/formrecognizer/azure-ai-formrecognizer/CHANGELOG.md
index e6682ec7c0e7..f4da11f3e71e 100644
--- a/sdk/formrecognizer/azure-ai-formrecognizer/CHANGELOG.md
+++ b/sdk/formrecognizer/azure-ai-formrecognizer/CHANGELOG.md
@@ -1,6 +1,7 @@
 # Release History
 
 ## 1.0.0-beta.3 (Unreleased)
+- Update FormField property `transactionTime` on `USReceipt` to return `LocalTime` instead of `String`
 - Rename model `PageRange` to `FormPageRange`
 - Rename property `startPageNumber` to `firstPageNumber` and `endPageNumber` to `lastPageNumber` in model `PageRange`
 - Rename `getCustomModelInfos` to `listCustomModels`
diff --git a/sdk/formrecognizer/azure-ai-formrecognizer/src/main/java/com/azure/ai/formrecognizer/ReceiptExtensions.java b/sdk/formrecognizer/azure-ai-formrecognizer/src/main/java/com/azure/ai/formrecognizer/ReceiptExtensions.java
index 5382df442b04..bf24deac861e 100644
--- a/sdk/formrecognizer/azure-ai-formrecognizer/src/main/java/com/azure/ai/formrecognizer/ReceiptExtensions.java
+++ b/sdk/formrecognizer/azure-ai-formrecognizer/src/main/java/com/azure/ai/formrecognizer/ReceiptExtensions.java
@@ -10,6 +10,7 @@
 import com.azure.ai.formrecognizer.models.USReceiptType;
 
 import java.time.LocalDate;
+import java.time.LocalTime;
 import java.util.ArrayList;
 import java.util.List;
 import java.util.Map;
@@ -47,7 +48,7 @@ public static USReceipt asUSReceipt(RecognizedReceipt receipt) {
         FormField<Float> tip = null;
         FormField<Float> total = null;
         FormField<LocalDate> transactionDate = null;
-        FormField<String> transactionTime = null;
+        FormField<LocalTime> transactionTime = null;
         List<USReceiptItem> receiptItems = null;
 
         for (Map.Entry<String, FormField<?>> entry : receipt.getRecognizedForm().getFields().entrySet()) {
@@ -83,7 +84,7 @@ public static USReceipt asUSReceipt(RecognizedReceipt receipt) {
                     transactionDate = (FormField<LocalDate>) fieldValue;
                     break;
                 case "TransactionTime":
-                    transactionTime = (FormField<String>) fieldValue;
+                    transactionTime = (FormField<LocalTime>) fieldValue;
                     break;
                 case "Items":
                     receiptItems = toReceiptItems(fieldValue);
diff --git a/sdk/formrecognizer/azure-ai-formrecognizer/src/main/java/com/azure/ai/formrecognizer/Transforms.java b/sdk/formrecognizer/azure-ai-formrecognizer/src/main/java/com/azure/ai/formrecognizer/Transforms.java
index e3aa8517362e..1ba4f89eb9d3 100644
--- a/sdk/formrecognizer/azure-ai-formrecognizer/src/main/java/com/azure/ai/formrecognizer/Transforms.java
+++ b/sdk/formrecognizer/azure-ai-formrecognizer/src/main/java/com/azure/ai/formrecognizer/Transforms.java
@@ -18,16 +18,18 @@
 import com.azure.ai.formrecognizer.models.FormField;
 import com.azure.ai.formrecognizer.models.FormLine;
 import com.azure.ai.formrecognizer.models.FormPage;
+import com.azure.ai.formrecognizer.models.FormPageRange;
 import com.azure.ai.formrecognizer.models.FormTable;
 import com.azure.ai.formrecognizer.models.FormTableCell;
 import com.azure.ai.formrecognizer.models.FormWord;
-import com.azure.ai.formrecognizer.models.FormPageRange;
 import com.azure.ai.formrecognizer.models.Point;
 import com.azure.ai.formrecognizer.models.RecognizedForm;
 import com.azure.ai.formrecognizer.models.RecognizedReceipt;
 import com.azure.core.util.CoreUtils;
 import com.azure.core.util.logging.ClientLogger;
 
+import java.time.LocalTime;
+import java.time.format.DateTimeFormatter;
 import java.util.ArrayList;
 import java.util.Collections;
 import java.util.List;
@@ -265,7 +267,10 @@ private static FormField<?> setFormField(FieldText labelText, String key, FieldV
                 break;
             case TIME:
                 value = new FormField<>(setDefaultConfidenceValue(fieldValue.getConfidence()), labelText,
-                    key, fieldValue.getValueTime(), valueText);
+                    key, fieldValue.getValueTime() == null
+                    ? null
+                    : LocalTime.parse(fieldValue.getValueTime(), DateTimeFormatter.ofPattern("HH:mm:ss")),
+                    valueText);
                 break;
             case DATE:
                 value = new FormField<>(setDefaultConfidenceValue(fieldValue.getConfidence()), labelText,
diff --git a/sdk/formrecognizer/azure-ai-formrecognizer/src/main/java/com/azure/ai/formrecognizer/models/USReceipt.java b/sdk/formrecognizer/azure-ai-formrecognizer/src/main/java/com/azure/ai/formrecognizer/models/USReceipt.java
index 3b8c42956a73..d93dc36ef5de 100644
--- a/sdk/formrecognizer/azure-ai-formrecognizer/src/main/java/com/azure/ai/formrecognizer/models/USReceipt.java
+++ b/sdk/formrecognizer/azure-ai-formrecognizer/src/main/java/com/azure/ai/formrecognizer/models/USReceipt.java
@@ -6,6 +6,7 @@
 import com.azure.core.annotation.Immutable;
 
 import java.time.LocalDate;
+import java.time.LocalTime;
 import java.util.List;
 
 /**
@@ -67,12 +68,11 @@ public final class USReceipt extends RecognizedReceipt {
     /**
      * Recognized field transaction time.
      */
-    private final FormField<String> transactionTime;
+    private final FormField<LocalTime> transactionTime;
 
     /**
      * Constructs a USReceipt object.
-     *
-     * @param receiptLocale The locale information for the recognized Receipt.
+     *  @param receiptLocale The locale information for the recognized Receipt.
      * @param recognizedForm The recognized form.
      * @param receiptItems List of recognized field items.
      * @param receiptType Recognized receipt type information.
@@ -94,7 +94,7 @@ public USReceipt(String receiptLocale, RecognizedForm recognizedForm,
         final FormField<Float> tax,
         final FormField<Float> tip, final FormField<Float> total,
         final FormField<LocalDate> transactionDate,
-        final FormField<String> transactionTime) {
+        final FormField<LocalTime> transactionTime) {
         super(receiptLocale, recognizedForm);
         this.receiptItems = receiptItems;
         this.receiptType = receiptType;
@@ -220,7 +220,7 @@ public FormField<LocalDate> getTransactionDate() {
      *
      * @return the transactionTime value.
      */
-    public FormField<String> getTransactionTime() {
+    public FormField<LocalTime> getTransactionTime() {
         return this.transactionTime;
     }
 }
diff --git a/sdk/formrecognizer/azure-ai-formrecognizer/src/samples/java/com/azure/ai/formrecognizer/RecognizeReceipts.java b/sdk/formrecognizer/azure-ai-formrecognizer/src/samples/java/com/azure/ai/formrecognizer/RecognizeReceipts.java
index fc4023df796c..c1afb73676d1 100644
--- a/sdk/formrecognizer/azure-ai-formrecognizer/src/samples/java/com/azure/ai/formrecognizer/RecognizeReceipts.java
+++ b/sdk/formrecognizer/azure-ai-formrecognizer/src/samples/java/com/azure/ai/formrecognizer/RecognizeReceipts.java
@@ -57,6 +57,10 @@ public static void main(final String[] args) throws IOException {
                 usReceipt.getMerchantPhoneNumber().getFieldValue(), usReceipt.getMerchantPhoneNumber().getConfidence());
             System.out.printf("Total: %s confidence: %.2f%n", usReceipt.getTotal().getName(),
                 usReceipt.getTotal().getConfidence());
+            System.out.printf("Transaction Date: %s, confidence: %.2f%n",
+                usReceipt.getTransactionDate().getFieldValue(), usReceipt.getTransactionDate().getConfidence());
+            System.out.printf("Transaction Time: %s, confidence: %.2f%n",
+                usReceipt.getTransactionTime().getName(), usReceipt.getTransactionTime().getConfidence());
             System.out.printf("Receipt Items: %n");
             usReceipt.getReceiptItems().forEach(receiptItem -> {
                 if (receiptItem.getName() != null) {
diff --git a/sdk/formrecognizer/azure-ai-formrecognizer/src/samples/java/com/azure/ai/formrecognizer/RecognizeReceiptsAsync.java b/sdk/formrecognizer/azure-ai-formrecognizer/src/samples/java/com/azure/ai/formrecognizer/RecognizeReceiptsAsync.java
index 15572002b3dd..1a088df4e86d 100644
--- a/sdk/formrecognizer/azure-ai-formrecognizer/src/samples/java/com/azure/ai/formrecognizer/RecognizeReceiptsAsync.java
+++ b/sdk/formrecognizer/azure-ai-formrecognizer/src/samples/java/com/azure/ai/formrecognizer/RecognizeReceiptsAsync.java
@@ -73,6 +73,10 @@ public static void main(final String[] args) throws IOException {
                 usReceipt.getMerchantPhoneNumber().getFieldValue(), usReceipt.getMerchantPhoneNumber().getConfidence());
             System.out.printf("Total: %s confidence: %.2f%n", usReceipt.getTotal().getName(),
                 usReceipt.getTotal().getConfidence());
+            System.out.printf("Transaction Date: %s, confidence: %.2f%n",
+                usReceipt.getTransactionDate().getFieldValue(), usReceipt.getTransactionDate().getConfidence());
+            System.out.printf("Transaction Time: %s, confidence: %.2f%n",
+                usReceipt.getTransactionTime().getName(), usReceipt.getTransactionTime().getConfidence());
             System.out.printf("Receipt Items: %n");
             usReceipt.getReceiptItems().forEach(receiptItem -> {
                 if (receiptItem.getName() != null) {
diff --git a/sdk/formrecognizer/azure-ai-formrecognizer/src/samples/java/com/azure/ai/formrecognizer/RecognizeReceiptsFromUrl.java b/sdk/formrecognizer/azure-ai-formrecognizer/src/samples/java/com/azure/ai/formrecognizer/RecognizeReceiptsFromUrl.java
index 3b0cf97a4320..5cedfcfbc579 100644
--- a/sdk/formrecognizer/azure-ai-formrecognizer/src/samples/java/com/azure/ai/formrecognizer/RecognizeReceiptsFromUrl.java
+++ b/sdk/formrecognizer/azure-ai-formrecognizer/src/samples/java/com/azure/ai/formrecognizer/RecognizeReceiptsFromUrl.java
@@ -46,6 +46,10 @@ public static void main(final String[] args) {
                 usReceipt.getMerchantPhoneNumber().getFieldValue(), usReceipt.getMerchantPhoneNumber().getConfidence());
             System.out.printf("Total: %s confidence: %.2f%n", usReceipt.getTotal().getName(),
                 usReceipt.getTotal().getConfidence());
+            System.out.printf("Transaction Date: %s, confidence: %.2f%n",
+                usReceipt.getTransactionDate().getFieldValue(), usReceipt.getTransactionDate().getConfidence());
+            System.out.printf("Transaction Time: %s, confidence: %.2f%n",
+                usReceipt.getTransactionTime().getName(), usReceipt.getTransactionTime().getConfidence());
             System.out.printf("Receipt Items: %n");
             usReceipt.getReceiptItems().forEach(receiptItem -> {
                 if (receiptItem.getName() != null) {
diff --git a/sdk/formrecognizer/azure-ai-formrecognizer/src/samples/java/com/azure/ai/formrecognizer/RecognizeReceiptsFromUrlAsync.java b/sdk/formrecognizer/azure-ai-formrecognizer/src/samples/java/com/azure/ai/formrecognizer/RecognizeReceiptsFromUrlAsync.java
index bfbd9e31714e..f5a0cf7f607f 100644
--- a/sdk/formrecognizer/azure-ai-formrecognizer/src/samples/java/com/azure/ai/formrecognizer/RecognizeReceiptsFromUrlAsync.java
+++ b/sdk/formrecognizer/azure-ai-formrecognizer/src/samples/java/com/azure/ai/formrecognizer/RecognizeReceiptsFromUrlAsync.java
@@ -61,6 +61,10 @@ public static void main(final String[] args) {
                     usReceipt.getMerchantPhoneNumber().getConfidence());
                 System.out.printf("Total: %s confidence: %.2f%n", usReceipt.getTotal().getName(),
                     usReceipt.getTotal().getConfidence());
+                System.out.printf("Transaction Date: %s, confidence: %.2f%n",
+                    usReceipt.getTransactionDate().getFieldValue(), usReceipt.getTransactionDate().getConfidence());
+                System.out.printf("Transaction Time: %s, confidence: %.2f%n",
+                    usReceipt.getTransactionTime().getName(), usReceipt.getTransactionTime().getConfidence());
                 System.out.printf("Receipt Items: %n");
                 usReceipt.getReceiptItems().forEach(receiptItem -> {
                     if (receiptItem.getName() != null) {
diff --git a/sdk/formrecognizer/azure-ai-formrecognizer/src/test/java/com/azure/ai/formrecognizer/FormRecognizerClientTestBase.java b/sdk/formrecognizer/azure-ai-formrecognizer/src/test/java/com/azure/ai/formrecognizer/FormRecognizerClientTestBase.java
index 3b31663c9db1..5cc89f106fd7 100644
--- a/sdk/formrecognizer/azure-ai-formrecognizer/src/test/java/com/azure/ai/formrecognizer/FormRecognizerClientTestBase.java
+++ b/sdk/formrecognizer/azure-ai-formrecognizer/src/test/java/com/azure/ai/formrecognizer/FormRecognizerClientTestBase.java
@@ -40,6 +40,8 @@
 
 import java.io.ByteArrayInputStream;
 import java.io.InputStream;
+import java.time.LocalTime;
+import java.time.format.DateTimeFormatter;
 import java.util.List;
 import java.util.Map;
 import java.util.function.BiConsumer;
@@ -192,7 +194,8 @@ private static void validateFieldValueTransforms(FieldValue expectedFieldValue,
                     assertEquals(expectedFieldValue.getValueDate(), actualFormField.getFieldValue());
                     break;
                 case TIME:
-                    assertEquals(expectedFieldValue.getValueTime(), actualFormField.getFieldValue());
+                    assertEquals(LocalTime.parse(expectedFieldValue.getValueTime(),
+                        DateTimeFormatter.ofPattern("HH:mm:ss")), actualFormField.getFieldValue());
                     break;
                 case STRING:
                     assertEquals(expectedFieldValue.getValueString(), actualFormField.getFieldValue());