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 Statement With Replacement Cost In Hillsborough
Category:
State:
Multi-State
County:
Hillsborough
Control #:
US-00123
Format:
Word;
Rich Text
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FAQ
Personal property includes things like furniture, clothing, electronics, and kitchenware.
These may include personally-owned cars, homes, appliances, apparel, food items, and so on. Personal use property can be insured against theft in most homeowners policies, but may require additional riders or carry limitations.
The Property Appraiser establishes the taxable value of real estate property. The millage, or rate of taxation, is set by the Board of County Commissioners, School Board, City Council and governing bodies of other independent special taxing districts and authorities.
Qualifications. At least one owner is 65 years of age or older on January 1. The residence must also receive homestead exemption.
Deductible personal property taxes are those based only on the value of personal property such as a boat or car. The tax must be charged to you on a yearly basis, even if it's collected more than once a year or less than once a year.
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.
Assessed value is the dollar value assigned to a home or other property for tax purposes. It takes into consideration comparable home sales, location, and other factors. Assessed value is not the same as fair market value (what the property could sell for) but is often calculated as a percentage of it.
Millage is a tax rate defined as the dollars assessed for each $1,000 of value; one mill is one dollar per $1,000 of assessed value. Mathematically the equation is: Taxable value ÷ 1,000 × millage rate = Property Tax Owed.
Qualifications. At least one owner is 65 years of age or older on January 1. The residence must also receive homestead exemption.
More info
Business is responsible for annually completing and submitting a business personal property listing form to the Tax Office. Important Notice: State driver license system is down at our Drew Park location.Motor vehicle and tax services are still available. You do not pay the fee for curbside collection of trash, recycling, and yard waste monthly. There are no extensions for filing of tangible personal property tax forms 62A500. A separate return must be filed for each property location within Kentucky. Instead, we assess it through a nonad valorem fee on your property tax bill. The property must be in the homeowner's name, and it must be the homeowner's primary residence. These taxpayers now have until May 1, 2025, to file various federal individual and business tax returns and make tax payments. The Personal Property Statement is an annual declaration of a business' assets and is due February 20th of each year.