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.
Bill Personal Property Form For Tax Purposes In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00167
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Tennessee does not have an individual income tax. Tennessee has a 6.5 percent corporate income tax rate and levies a state gross receipts tax. Tennessee also has a 7.00 percent state sales tax rate and an average combined state and local sales tax rate of 9.55 percent.
Tangible Personal Property is defined as assets owned by the taxpayer and used, or held for use, by a business or profession, including but not limited to: equipment, furniture, fixtures, machinery, all raw materials, supplies, but excluding all finished goods of the manufacturer and inventories of merchandise held for ...
Billing & Collection City of Franklin property taxes are billed and collected by the Williamson County Trustee. The City of Franklin maintains a very low property tax of $0.3261 per $100 of assessed value.
Overview of Tennessee Taxes The average effective property tax rate in Tennessee is 0.58%.
The City of Franklin maintains a very low property tax of $0.3261 per $100 of assessed value.
Annual property tax bills are mailed every year in October to the owner of record as of January 1 of that year. If you do not receive the original bill by November 1, contact the County Tax Collector or Assessor for a duplicate bill.
Franklin County sales tax details The minimum combined 2025 sales tax rate for Franklin County, Tennessee is 9.25%. This is the total of state, county, and city sales tax rates. The Tennessee sales tax rate is currently 7.0%. The Franklin County sales tax rate is 2.25%.
Tax Jurisdiction2024 Tax Rate2021 Tax Rate Williamson County 0.355670 0.400846 Williamson County FM/RD (Road Fund) 0.044329 0.040000 City Austin 0.477600 0.54100085 more rows
Tennessee has no income tax on salaries and wages. And beginning with the 2021 tax year, the state repealed all taxes levied on income earned from interest and dividends.
Property Tax Relief & Freeze The Tax Relief and Tax Freeze programs are administered by the Williamson County Trustee. The State of Tennessee provides tax relief for low-income elderly and disabled homeowners, as well as disabled veteran homeowners or their surviving spouses.
