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what are supplemental tax?

Updated: 9/10/2019
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15y ago

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Supplemental taxes are taxes in addition to. For instance, you receive a property tax bill, but then request a reassessment, which does not go in your favor but increases the value of your home and thus your tax liability. You would receive a supplemental tax bill for the extra amount.

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Related questions

What is an escaped assessment?

What is a secured property supplemental tax bill?A supplemental assessment is an adjustment in real property valuation resulting from upward changes in assessed value due to changes in ownership or completion of new construction. A secured property supplemental tax bill retroactively taxes the supplemental assessment of property on a pro- rata basis as a result of the assessor's reappraisal of property at its full cash value on the date that a change in ownership occurs or new construction is completed.What is a secured property escape tax bill?An escape assessment is the increased amount in real property valuation over the regular assessed valuation from a delayed reappraisal of the property and/or an erroneously applied homeowner's exemption valuation reduction. A secured property escape tax bill retroactively taxes the increased amount of valuation over the regular tax bill.http://www.acgov.org/treasurer/faqtaxes.htm


Do I claim my SSI on my income tax?

Supplemental security income (SSI) is different from Social Security benefits and is not reported on federal tax returns. See Sources and related links for more information.


Where can I go to learn more about the IRS form 1099?

The IRS has a tax help center to answer any of your tax questions. They can be helpful over the phone, in person, or through e-mail. They can also help with other supplemental forms.


What is a supplemental check?

A supplemental check is used when a payee is owed additional money outside of their occurring payment. This can also occur with passing of new laws (i.e. 2008 when some tax payers received additional checks) or when a payer notices something incorrect in the system (perhaps they have been overcharging you for a service). Payroll usually makes the adjustment and issues a supplemental check (or deposit) to make up the difference.


What is supplemental social security?

Supplemental Security Income (SSI) is a Federal income supplement program funded by general tax revenues (notSocial Security taxes):It is designed to help aged, blind, and disabled people, who have little or no income; andIt provides cash to meet basic needs for food, clothing, and shelter


What types of supplemental insurance are recommended?

There are many types of supplemental insurance out there. It depends on the type of supplemental insurance you want. Place calls to your local insurance companies and ask around.


Can you get Supplemental Security Income if you don't have any work credits?

Yes. Supplemental Security Income (SSI) is a Federal income supplement program funded by general tax revenues (not Social Security taxes), and is available to qualifying individuals regardless of work history. To receive Supplemental Security Income, one must meet citizenship requirements, have limited financial resources, and be either over 65 years of age or "totally and permanently disabled" as defined by Social Security regulations.


Income paid by the government to people who need it to live?

Welfare, assistance to needy families, supplemental security income, etc. are all non reportable income on the individual taxpayers income tax return.


How well does supplemental oxygen work?

Supplemental oxygen works very well when used in appropriate situations.


How does supplemental health insurance work?

At this site you can find a wealth of information on all different aspects of supplemental health insurance, including articles about what it is and how it works: http://www.ehow.com/supplemental-health-insurance/


What are some supplemental insurances from medicare?

Medigap has a wonderful supplemental insurance along with State Farm for medical. Many are trying now a days to get health insurance supplemental and these companies make it affordable.


What is the abbreviation for supplemental?

suppl