This form is a simple model for a bill of sale for personal property used in connection with a business enterprise. Adapt to fit your circumstances.
Personal Property Examples In Dallas
Category:
State:
Multi-State
County:
Dallas
Control #:
US-00167
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Dallas County Go to .dallascad. Select forms under navigation links on the left-hand side. Select Residential Homestead Exemption Application. Enter your address and follow the directions on the screen.
Personal property renditions (aka, personal property returns) require you to take a detailed inventory of your assets — everything from laptops and lamps to heavy machinery — across every location. As a result, one location can easily have tens of thousands of assets.
For taxation purposes, there are two basic types of property: real property (land, buildings, and other items attached to land) and personal property (property that can be owned and is not permanently attached to the land or building such as inventory, furniture, fixtures, equipment and machinery).
Personal property depends on a surprisingly simple test: Can you physically move it? The outcome of that test determines the distinction between real property and personal property, which in turn has real implications for taxation.
A rendition is a form that provides information about property that you own. The appraisal district uses the information you provide to appraise your property for taxation.
Vehicle Rendition A Vehicle Retention is similar to a Property Rendition regarding where you file and the due date, but the asset is your business vehicle(s). Not all counties require separate renditions for certain types of businesses or specific assets like vehicles or airplanes.
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.
Property taxes in Texas are the seventh-highest in the U.S., as the average effective property tax rate in the Lone Star State is 1.60%. Compare that to the national average, which currently stands at 0.99%. The typical Texas homeowner pays $3,797 annually in property taxes.
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.
Taxes are calculated by subtracting the value of any exemptions and, if applicable, the cap value from the homestead value of the property, and then adding any productivity or non-qualifying value. This result, the taxable value, is then multiplied by the tax rate per $100.
