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 With Tax In Franklin
Category:
State:
Multi-State
County:
Franklin
Control #:
US-00167
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
At least 61 years of age or older. Retired from regular gainful employment due to a disability. Veteran of the armed forces of the United States receiving compensation from the United States Department of Veterans Affairs at one of the following: Combined service-connected evaluation rating of 80% or higher.
Tax Rates Type of PropertyTax Rate per $100 Mobile Homes .43 Personal Property 2.41 Personal Property Heavy Construction Equipment 1.89 Real Estate .432 more rows
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.
How much are my personal property taxes? Same as real property, approximately 1.4% of the assessed value per year. How much are my personal property delinquent taxes? Contact the Franklin County Treasurer at 509-545-3518.
An exemption or deferral enacted pursuant to § 58.1-3210 or 58.1-3211.1 may be granted for any year following the date that the qualifying individual occupying such dwelling and owning title or partial title thereto reaches the age of 65 years or for any year following the date the disability occurred.
As a homeowner, you'll face property taxes at a state and local level. You can deduct up to $10,000 of property taxes as a married couple filing jointly – or $5,000 if you are single or married filing separately. Depending on your location, the property tax deduction can be very valuable.
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.
