This form is a contract for the lease of personal property. The lessor demises and leases to the lessee and the lessee takes and rents from the lessor certain personal property described in Exhibit "A".
Personal Property Document With Tax In Contra Costa
Category:
State:
Multi-State
County:
Contra Costa
Control #:
US-00123
Format:
Word;
Rich Text
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FAQ
5 steps to fill out a business personal property rendition quickly and accurately Review your property tax accounts. Take stock of your assets. Select the appropriate business personal property rendition forms. Prepare the personal property renditions. File your business personal property rendition packages.
Examples of tangible personal property include vehicles, furniture, boats, and collectibles. Digital assets, patents, and intellectual property are intangible personal property. Just as some loans—mortgages, for example—are secured by real property like a house, some loans are secured by personal property.
Machinery, equipment, tools, furniture, fixtures, and leasehold improvements held or used in connection with a trade or business are taxable. In addition, most boats, aircraft and mobile homes are also taxable. Supplies on hand, demonstration equipment, and construction in-progress are also assessable.
What items are subject to use tax. Generally, if the item would have been taxable if purchased from a California retailer, it is subject to use tax. For example, purchases of clothing, appliances, toys, books, furniture, or CDs would be subject to use tax.
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.
Where to Report Personal Property on Your Taxes. Claim the itemized deduction on Schedule A – State and local personal property taxes (Line 5c). Taxes you deduct elsewhere on your return — like for a home office or rental — don't qualify for this deduction.
Personal property taxes are an ad-valorem (value based) property tax that is the liability of the person or entity assessed for the tax. Property that is not real property (such as land) is considered personal property and therefore is issued as an unsecured tax bill.
Personal-use property is not purchased with the primary intent of making a profit, nor do you use it for business or rental purposes.
Recent Trends in Tangible Personal Property Taxation State2006 Personal Property2017 Personal Property California 4.11% 5.20% Colorado 12.06% 6.90% Connecticut 6.09% 13.28% Florida 7.43% 7.00%29 more rows •
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General Information. Access forms available from the Assessor's office, including benefits, business personal property, change in ownership, and other general forms.Total of 103 forms are available for Contra Costa County for 2024. The following is a list of some documents that may be recorded if they meet all requirements, and a description or definition of each document. Please Download PDF BOE-571-S REV. Property Tax Forms and Guides. Taxpayers should use these forms and guides to apply for local tax abatements and exemptions and file property returns. The below link will take you directly to the Assessor's Office forms page. The PCOR is near the bottom of the page under "Change in Ownership Forms". The Public Administrator's office investigates and may administer the estates of individuals who were domiciled in Contra Costa County at the time of death.