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 On Financial Statement In Dallas
Category:
State:
Multi-State
County:
Dallas
Control #:
US-00123
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Word;
Rich Text
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FAQ
Personal property refers to movable items that people own, such as furniture, appliances, or electronics. Personal property can be intangible, like digital assets, or tangible, such as clothes or artwork.
Rates are applicable to real property and business personal property. For projects located within the City of Dallas and Dallas County, the total combined local tax rate is $2.294781 per $100 in valuation.
Personal property is a class of property that can include any asset other than real estate. The distinguishing factor between personal property and real estate, or real property, is that personal property is movable, meaning it isn't fixed permanently to one particular location.
Business owners are required by State law to render personal property that is used in a business or used to produce income. This property includes furniture and fixtures, equipment, machinery, computers, inventory held for sale or rental, raw materials, finished goods, and work in process.
Tangible personal property, or TPP as it is sometimes called, includes items such as furniture, machinery, cell phones, computers, and collectibles. Intangibles, on the other hand, consist of things that cannot be seen or touched like patents and copyrights.
Personal-use property is not purchased with the primary intent of making a profit, nor do you use it for business or rental purposes.
Rendition Requirements A person or business who owns tangible personal property with an aggregate value of $20,000 or more is required to file a rendition statement. The rendition is to be filed with the county appraisal district where the property is located.
Personal Property Personal belongings such as clothing and jewelry. Household items such as furniture, some appliances, and artwork. Vehicles such as cars, trucks, and boats. Bank accounts and investments such as stocks, bonds, and insurance policies.
Texas law describes when certain forms of personal property are "presumed abandoned." "Personal property" can include things like bank accounts, gift cards, utility deposits, paychecks, safe deposit boxes, and more.