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Although the template for the collection of vehicle property tax depending on the vehicle's type is drafted by the national government, the property tax is owed to the local government in which the vehicle is currently registered and the local council can vote to reduce or to increase the tax owed by a margin (for example, in the year 2018, the ...
Up to $25,500 of the cost of vehicles rated at more than 6,000 pounds gross vehicle weight and not more than 14,000 pounds gross vehicle weight (like RV) can be deducted using a section 179 deduction. [9] The limitation on sport utility vehicles does not impact larger commercial vehicles, commuter vans, or buses.
Generally, the Office of the Commissioner of the Revenue is responsible for administering the following taxes: Business and Professional Occupational License Tax, [2] Bank Franchise Stock Tax, [3] Motor Vehicle Rental Tax, Meals Tax, [4] Personal Property Tax, Public Service Corporation Tax, Public Rights of Way Use Tax, Transient occupancy tax ...
For example, Texas offers a wide range of property tax exemptions to residents ages 65 and older, including an exemption from school district and county taxes and an additional $10,000 residence ...
In order to execute a money judgment against personal property, such as vehicles, furniture, clothing, jewelry, equipment, appliances, and the like, the creditor must obtain what is called a "writ of fieri facias" (often abbreviated to "fi fa"). Whenever a monetary judgment is issued by a Virginia court, the clerk of the court will ...
Learn how to claim a vehicle sales tax deduction and lessen your tax burden. Find out who qualifies and how you can claim and calculate your deduction.
Exemption from property tax. In certain situations the property tax allows exemptions. The conditions of this exemption may depend on the property or the situation of the owner. New housing is subject to a 2-year temporary exemption. New constructions occupied by low-rent housing are subject to a 15-year temporary exemption.
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