Bill Personal Property Form For Sale In Suffolk

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

Description

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.

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FAQ

A: Online order forms from the Suffolk County Clerk can be found at or you can contact the Suffolk County Clerk's office via telephone at 631-852-2000.

Personal Property Tax Rates for 2022 Per $100 of Assessed Value TypeTax RateProrated Boats $1.50 No Cars, Motorcycles, Trucks, and Trailers $4.25 Yes Manufactured Homes $1.11 Yes Recreational Vehicles $1.50 Yes1 more row

Additionally, you must report the sale of the home if you can't exclude all of your capital gain from income. Use Schedule D (Form 1040), Capital Gains and Losses and Form 8949, Sales and Other Dispositions of Capital Assets when required to report the home sale.

If you sold a personal use asset for more than what you bought it for, then you would generally report that on the Stock or Investment Sale Information screen. You can report any selling expenses by reducing the amount you enter as "Sale Proceeds" by the amount of your selling expenses.

You can't deduct capital losses on the sale of personal use property. A personal use asset that is sold at a loss generally isn't reported on your tax return unless it was reported to you on a 1099-K and you can't get a corrected version from the issuer of the form.

You can typically find county property tax rates listed on their website or by calling the county department that manages taxation. Example: If your property tax bill is $3,400 and your county's department of finance tells you the real-estate tax rate is 1%, you can see that your assessed value is $340,000.

The tax is calculated by multiplying the assessed value of the property by the personal property tax rate of the city or town. Personal property is assessed separately from real estate where it is located.

Massachusetts levies an excise on each vehicle at the rate of $25 per $1,000 of valuation.

Massachusetts General Laws Chapter 59, Section 18 It is assessed tax separately from real estate, but is taxed at the same rate. The tax rate for Fiscal Year 2025 was set at $11.15 per thousand dollars of value. Personal Property is taxable in the municipality where it is situated on January 1st of that year.

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Search tax forms and instructions. BY ACCEPTING THIS BILL OF SALE, BUYER(S) REPRESENT THAT BUYER(S) HAVE PERSONALLY INSPECTED THE DESCRIBED PROPERTY AND ACCEPTS THE PROPERTY "AS-IS".Exemption applications must be filed with your local assessor's office. See our Municipal Profiles for your local assessor's mailing address. File this form in Surrogate's Court. Note: This form must be downloaded to your device in order to be filled out properly. It must be opened in Adobe Acrobat Reader. Personal Property Tax. Make 7 copies (front and back) of the original Form 199. Taxes are collected in accordance with New York State Real Property Tax Laws and the Suffolk County Tax Act.

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Bill Personal Property Form For Sale In Suffolk