This is a generic form for the sale of residential real estate. Please check your state=s law regarding the sale of residential real estate to insure that no deletions or additions need to be made to the form. This form has a contingency that the Buyers= mortgage loan be approved. A possible cap is placed on the amount of closing costs that the Sellers will have to pay. Buyers represent that they have inspected and examined the property and all improvements and accept the property in its "as is" and present condition.
Sell Closure Property With Example In Riverside
Category:
State:
Multi-State
County:
Riverside
Control #:
US-00447BG
Format:
Word
Instant download
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FAQ
Property that is not real property (such as land) is considered personal property and therefore is issued as an unsecured tax bill.
Final answer: A house is not subject to personal property taxes, as it is classified as real estate. In contrast, personal property taxes apply to movable assets like cars, motorcycles, and boats. Therefore, the correct answer to the question is your house.
Generally, if the item would have been taxable if purchased from a California retailer, it is subject to use tax. For example, purchases of clothing, appliances, toys, books, furniture, or CDs would be subject to use tax.
Riverside County taxpayers face some of the highest property tax rates in California. The county's effective tax rate is 0.86%. However, rates can vary wildly depending on where you live within the county.
The California Constitution states that “all property is taxable (assessable) unless exempt by the Constitution or statutes.” This taxable property may be defined as real property and personal property. Business Personal Property includes all supplies, equipment and any fixtures used in the operation of a business.