Personal Property For Sale In Alameda
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FAQ
Personal property taxes are deductible when they are based on the value of personal property, such as a boat or car. To be deductible, the tax must be charged to you on a yearly basis, even if it is collected more than once a year or less than once a year.
You can deduct up to $10,000 (or $5,000 if married filing separately) of state and local taxes, including personal property taxes.
You can't deduct capital losses on the sale of personal use property. A personal use asset that is sold at a loss generally isn't reported on your tax return unless it was reported to you on a 1099-K and you can't get a corrected version from the issuer of the form.
If you end up paying personal property taxes to your local government, the IRS allows you to claim a deduction for it on your federal tax return.
Under Article XIII, Section I of the California Constitution, all property is taxable unless it is exempt. Each year Personal Property is reassessed as of lien date, January 1st.
Alameda County The property tax rate in the county is 0.88%.
Anyone who meets the legal requirements can potentially claim adverse possession, including neighbors, strangers, tenants, or even squatters. The key is that the claimant must possess the property in a manner that is open, notorious, continuous, hostile, and exclusive.
No. Legal title to a tax-defaulted property subject to the Tax Collector's power to sell can only be obtained by becoming the successful bidder at the county tax sale. Paying the outstanding property taxes on such property will only benefit the current owner.
A personal property tax is imposed by state or local governments on certain assets that can be touched and moved such as cars, livestock, or equipment. Personal property includes assets other than land or permanent structures such as buildings. These are considered to be real property.