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.
Business Tangible Personal Property Form For Maryland In Philadelphia
Category:
State:
Multi-State
County:
Philadelphia
Control #:
US-00167
Format:
Word;
Rich Text
Instant download
Description
Form popularity
FAQ
Property tax in Pennsylvania is a local tax based on the assessed value of your home. Assessments and reassessments are conducted at the county level. The amount of tax owed is based on a millage rate, which is determined by your county or municipality.
Responsibility for the assessment of all personal property throughout Maryland rests with the Department of Assessments and Taxation. Personal property generally includes furniture, fixtures, office and industrial equipment, machinery, tools, supplies, inventory and any other property not classified as real property.
Tangible property is physical assets such as collectible coins, jewelry, military medals, stamps, antiques, savings bonds or other physical items.
Pennsylvania has a flat 3.07 percent individual income tax rate. There are also jurisdictions that collect local income taxes. Pennsylvania has an 7.99 percent corporate income tax rate. Pennsylvania has a 6.00 percent state sales tax rate and an average combined state and local sales tax rate of 6.34 percent.
The amount of the tax bill is determined by two factors: (1) the assessment and (2) the property tax rate for each jurisdiction (state, county, & municipal). Assessments are based on the fair market value of the property and are issued by the Department of Assessments and Taxation, an agency of state government.
Comptroller of Maryland, Revenue Administration. Division, 110 Carroll Street, Annapolis, Maryland 21411- 0001.
