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Manufacturers of industrialized housing and manufactured homes collect manufactured housing sales tax upon the first sale of a new manufactured home in Texas. The person to whom or for whom a new manufactured home is sold, shipped or consigned must pay manufactured housing use tax.

Yes. Inventory tax is a “taxpayer active” tax. That the taxpayer (business owner) must calculate it. Business owners can count and value unsold inventory based on one of the three accepted valuation methods: cost, retail, or lower of cost or retail.

Texas's property tax also applies to tangible personal property (furniture, machinery, supplies, inventories, etc.) used in the “production of income,” i.e. business-owned property. Personal property owned by individuals is specifically exempted.

If you own a manufactured home and rent a space in a mobile home park or from another landowner, you should be receiving a separate tax bill for your manufactured home. Manufactured homes that are declared as personal property are taxed separately from the land.

A licensed motor vehicle dealer will normally only be charging the sales tax rate of 6.25 percent. A dealer is not required to collect tax on the sale of a motor vehicle with a gross weight in excess of 11,000 pounds.

For local property tax purposes, Texas law requires a motor vehicle dealer's inventory to be appraised based on the total sales of motor vehicles in the prior year. A dealer must file an annual declaration of total sales from the prior year with their county appraisal district.

The unit must pay the appraisal district for the cost of making the appraisal. The chief appraiser shall provide sufficient personnel to make the appraisals required by this subsection on or before the deadline requested by the taxing unit.

Inventories may account for roughly half of the amount of business personal property on the tax rolls. Texas does provide a $500 exemption for business personal property (Tax Code 11.145) and mineral interests (Tax Code 11.146).