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The Basement
Property Tax
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<blockquote data-quote="Brad Weber" data-source="post: 96691" data-attributes="member: 114"><p>Re: Property Tax</p><p></p><p></p><p>The economy over the last few years has definitely affected how many states, counties and cities approach taxes. Luckily, Georgia does not tax services, but as Brian noted, some states do and others have or are apparently considering it. I know some companies in other states that got hit for back taxes on services and it was a steep bill with significant penalties.</p><p></p><p>I do have to pay property tax on certain purchases, here you can apply scheduled depreciation and that along with the limits defined and my situation has gotten to where the County just sends a letter each year saying that I don't owe anything unless I made any major purchases (my CPA who is located in an adjacent County was shocked when I first got one of those letters).</p></blockquote><p></p>
[QUOTE="Brad Weber, post: 96691, member: 114"] Re: Property Tax The economy over the last few years has definitely affected how many states, counties and cities approach taxes. Luckily, Georgia does not tax services, but as Brian noted, some states do and others have or are apparently considering it. I know some companies in other states that got hit for back taxes on services and it was a steep bill with significant penalties. I do have to pay property tax on certain purchases, here you can apply scheduled depreciation and that along with the limits defined and my situation has gotten to where the County just sends a letter each year saying that I don't owe anything unless I made any major purchases (my CPA who is located in an adjacent County was shocked when I first got one of those letters). [/QUOTE]
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