This form is a contract for the lease of personal property. The lessor demises and leases to the lessee and the lessee takes and rents from the lessor certain personal property described in Exhibit "A".
Personal Property Statement With No Intrinsic Value Called In Mecklenburg
Category:
State:
Multi-State
County:
Mecklenburg
Control #:
US-00123
Format:
Word;
Rich Text
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FAQ
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.
(14) Tangible personal property. – All personal property that is not intangible and that is not permanently affixed to real property.
Visiting your city or county website is a good way to determine the assessed value of your home. In some cases, you can also multiply the market value of your home by the local assessment rate (which will vary by location).
One way to find the assessed value of your property is to check your county or local government's website, which lists the assessed property values of real estate in the municipality's taxable area. Checking your assessed value is correct helps you ensure that you're not overpaying in property taxes.
The assessed value is calculated by multiplying the property market value, based on classification, by the correct assessment ratio. Classifications: Agricultural - 12%, Residential - 19%, Commercial - 32%.
In order for property to be assessed consistently at a uniform percent of current market value, a reassessment must be conducted each year. This requires that the assessor analyze and evaluate the market, and change, where appropriate, the assessments of properties each year to maintain current market value.
For information regarding your property tax bill (real property and motor vehicles), contact your local property tax office (county telephone numbers).
Tangible Personal Property includes all furniture, fixtures, tools, machinery, equipment, signs, leasehold improvements, leased equipment, supplies and any other equipment that may be used as part of the ordinary course of business or included inside a rental property.
You can touch tangible personal property with your hands, so things like jewelry, your wedding ring, and the rugs in your home are tangible personal property. Intangible personal property can't be physically touched, but it is often a source of contention between divorcing couples.
Tangible personal property includes equipment, supplies, and any other property (including information technology systems) other than that is defined as an intangible property. It does not include copyrights, patents, and other intellectual property that is generated or developed (rather than acquired) under an award.