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: I haven't found my list of them...but generally it is a small number of s scattered states... CT and Mass, as well as Washington state. A few more have business personal property taxes...where either the exemptions on personal property are so extreme it amounts to, or is specifically required, to be something owned for business use.
Many States that had them have eliminated them as they are very costly to administer, frequently unevenly distributed or assessed and exceptionally visible and disliked...and are generally all done so at a local level.
It makes little difference in a way, because whatever funds were raised by it, are then raised by another tax. Hnece some other rate goes up.
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A tax based on the retail selling or rental price of tangible personal property is called a?
sales tax
Can you charge sales tax on labor in Florida?
No, in Florida, sales tax is not generally imposed on labor for services unless the labor is directly related to the sale of tangible personal property. Services that do not involve the sale of tangible personal property are typically not subject to sales tax on the labor component.
Does depreciation reduce the personal property tax?
Depreciation can reduce the assessed value of personal property and thereby reduce the personal property tax, if the tax rate stays the same. Most states have a minimum rate in their depreciation tables where the depreciated value of the personal property will remain as long as you still own the property. Ask your local personal property assessor about depreciation tables as they also vary by type of personal property.
A tax on real estate or personal property?
Property tax
Do you have to pay property tax on a trailer?
Yes, in most states in the United States you will pay either a personal property tax or real property tax on a trailer (also known as mobile home or manufactured home). Each state defines what constitutes personal property or real property as the terms relate to mobile homes but typically a mobile home that is permanently fixed to the site is considered real property. If you own land where a temporary mobile home has been placed you could receive a real property tax bill for the land and a personal property tax bill for the mobile home.
Are shipping supplies taxable in Colorado?
No:Regulation (39-) 26-102.20. The sale of tangible personal property to a person engaged in the manufacture or compounding of a product or service, where such tangible personal property becomes a physical part of such product or service, is a wholesale sale and exempt from sales tax. Any container, label or shipping case used to encase or enclose such product may be purchased tax free by the manufacturer or compounder.
A tax on the ownership of land or buildings is what type of tax?
Generally, in the United States, that type of tax is a property tax.Generally, in the United States, that type of tax is a property tax.Generally, in the United States, that type of tax is a property tax.Generally, in the United States, that type of tax is a property tax.
Do you pay sales tax on labor in Iowa?
All sales of tangible personal property in Iowa are subject to sales tax unless exempted by state law. Sales of services are exempt from Iowa sales tax unless taxed (enumerated) by state law. Labor is not tangible personal property So what that means, is unless the labor is specifically enumerated as a taxable type of service, than labor is NOT taxable. see http://www.state.ia.us/tax/educate/78539.html#ExemptSales for a listing on labor that requires collection of state sales tax.
Do you pay sales tax in Florida on a dishwasher install?
The sale of a dishwasher is taxable. The install labor charged when purchasing a dishwasher would also be subject to sales tax. If you purchased install services from a third party that provided no tangible personal property during the installation, then there would be no sales tax on those services. One practical exception - When you purchase a new home and it includes a dishwasher, then this generally is ignored by the taxing authority (the FL DOR expects the general contractor to pay the tax). The reason for the tax is that the dishwasher is very easily removed with no damage to the house. So it is still considered tangible personal property after it is installed. If we were talking about a home appliance that was more permanently attached to the home, then the appliance and install services would not be subject to sales tax. In other words, real property improvements are not subject to sales tax but tangible personal property sales (and install labor sold with the property) is subject to tax. I am a CPA/Attorney that does almost nothing but Florida sales and use tax controversy. I hope this answer helps. James Sutton, CPA, Esq. www FloridaSalesTax com
Does North Carolina have personal property tax?
Yes; Noth Carolina has property tax.
Is real estate tax same as property tax?
Real estate taxes are commonly referred to as property taxes. However, property taxes can be one of two types: real property taxes (land and improvements to land like structures and accessory or outbuildings) and personal property taxes (vehicles, business and industrial equipment, etc.). Tax laws within each state in the United States define what is real property and what is personal property for tax purposes.
What type of property is a property tax levied on?
Real also known as direct tax --- Property taxes in most states in the United States are levied on real property (land and improvements to land, like structures) and personal property (non-real estate, like business equipment or automobiles). Certain types of property, or the owners of such property, may qualify for assessment and/or tax abatements, deferrals, or exemptions.
