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Property taxes and rent payments would be classified as which types of costs?
Wiki User
∙ 11y ago
Fixed Cost
Wiki User
∙ 11y ago
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Are property taxes a form of period costs?
no
Are property taxes fixed costs?
Yes
Do you list property tax as factory overhead?
No, property taxes would not be classified as factory overhead...property taxes get paid under an expense account
Rent payments and property taxes would be counted as?
Fixed cost
What would property taxes on a company's factory building be classified as?
I believe it would be classified as Manufacturing Overhead.
Are property taxes a form of period costs?
no
Are property taxes fixed costs?
Yes
What are Lulu Payments?
In lieu of property taxes on federal lands
What property is taxed?
Property taxes are taxes on the value of owned property. Sometimes they are classified as either specific or ad. Property Specific taxes are of a fixed amount based on a number, or standard of weight or measurement. Ad property taxes are based on a fixed proportion of the value of the property with respect to which the tax is assessed.
Do you list property tax as factory overhead?
No, property taxes would not be classified as factory overhead...property taxes get paid under an expense account
Rent payments and property taxes would be counted as?
Fixed cost
What would property taxes on a company's factory building be classified as?
I believe it would be classified as Manufacturing Overhead.
What is the difference between rent revenue and operating expenses?
Rent revenue is income from tenants who pay rent. Operating expenses are costs you pay to operate a property, including management and collections, and may include costs of insurance and property taxes, although these are normally included under "carrying costs", along with mortgage payments.
What property tax?
Property taxes are taxes on the value of owned property. Sometimes they are classified as either specific or ad. Property Specific taxes are of a fixed amount based on a number, or standard of weight or measurement. Ad property taxes are based on a fixed proportion of the value of the property with respect to which the tax is assessed.
Do you have to pay property tax if you rent a house?
Not directly. The owner of the property is responsible for paying the property taxes. However, you should understand that how much rent you pay is determined, in part, by how much property tax the owner pays. In other words, the owner needs to charge enough rent to cover his costs (taxes, maintenance, insurance, mortgage payments, etc.). Otherwise, he is losing money on the property.
If you pay back taxes on land is it yours?
Generally, if you pay back property taxes on property you do not own you would be considered a volunteer. Your payments would not give you any ownership interest in that property.
What happens when inherited property is sold for taxes?
If the heirs want to keep the property they must pay off all the delinquent taxes, interest and costs. If not, the town will take possession of the property and sell it to a new owner.If the heirs want to keep the property they must pay off all the delinquent taxes, interest and costs. If not, the town will take possession of the property and sell it to a new owner.If the heirs want to keep the property they must pay off all the delinquent taxes, interest and costs. If not, the town will take possession of the property and sell it to a new owner.If the heirs want to keep the property they must pay off all the delinquent taxes, interest and costs. If not, the town will take possession of the property and sell it to a new owner.
