Bill Personal Property Form For Tax Purposes In King

State:
Multi-State
County:
King
Control #:
US-00167
Format:
Word; 
Rich Text
Instant download

Description

The Bill Personal Property Form for Tax Purposes in King is a legal document designed for the sale of personal property, specifically furniture, equipment, and inventory in connection with a business transaction. This form is essential for establishing a clear record of the sale, ensuring both parties are aware of the conditions and acknowledging that the property is sold 'as is' without warranties. Targeted towards attorneys, partners, owners, associates, paralegals, and legal assistants, it assists in complying with relevant tax obligations by documenting the exchange of property in a professional manner. To fill out the form, users should provide the date, location of the property, amount received, and detailed descriptions of the assets sold. Notarization is required to validate the transaction, ensuring legal protection and authenticity. This form is vital for maintaining thorough business records and can serve as evidence during audits or disputes. Following the outlined filling instructions ensures accuracy and completeness, making this form easy to understand and use, even for individuals with minimal legal experience.

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FAQ

The 2024 tax rate for personal property in King George County is set at $3.25 per $100 of the assessed value.

Washington State's Constitution limits the regular (non- voted) combined property tax rate that applies to an individual's property to 1% of market value ($10 per $1,000). Voter approved special levies, such as special levies for schools, are in addition to this amount.

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.

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.

Request a Tax Statement For tax statements showing prior year(s) unpaid taxes, call 206-263-2890 for REAL property, 206-263-2844 for PERSONAL property, or go to Kingcounty/propertytax for amounts due on prior years.

How can I find out what my taxes are? Look it up by using the property address, parcel number, or Owner ID/Name ID online with the myWyco App. Or call the Treasury Office at (913) 573-2823. Please verify the mailing address if we are to mail a new bill.

The average effective property tax rate in King County is 1.05%.

Request a Tax Statement For tax statements showing prior year(s) unpaid taxes, call 206-263-2890 for REAL property, 206-263-2844 for PERSONAL property, or go to Kingcounty/propertytax for amounts due on prior years.

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Bill Personal Property Form For Tax Purposes In King