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Who pays the property tax if the property is used as commercial?
Wiki User
∙ 11y ago
The state pays the property tax.
Wiki User
∙ 11y ago
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Who pay tax on income property?
The owner of the property pays the tax on the income generated by the property. This is known as the "fruit of the tree doctrine."
Is there a tax on the ownership of land or buildings?
In most areas there is at least one and, legally it isn't on the ownership exactly, but a tax the property itself pays...it is due from the property not the owner...but the owner pays it to keep the property from being taken because it owes taxes.
When you place your home in an irrevocable trust who pays the property tax?
The Trust does and it becomes a deduction on the Trust's tax return.
John pays 650 in property tax What is the assessed value of his property if property taxes are 1.2 percent of assessed value?
650
Who pays for property tax?
Usually the owner of the property is the one that pays the property taxes on the owners property. Some time the mortgage company will pay them from a escrow account but the money that is in the escrow account comes from the property owners monthly payments.
Who pays taxes on a condo in Staten Island ny?
Usually an owner pays property taxes on real estate property s/he owns. Depending on the tax, there may be another answer.
What is the property tax mills for Lawrence, KS?
Property tax depends on the value of the building as well as the classification. The tax differs from residential and commercial buildings. The average property tax for a $100k home was $307 for 2011.
As a renter of commercial property do you pay tax on your lease amount?
Sure i do
Are churches considered as residential or commercial property?
Churches are not commercial buildings because they are places of worship rather than business. Many churches own and run commercial enterprises, however, and those buildings may be considered commercial buildings.
Why are gifts of property not income to the person receiving the gift?
Because the person paying it pays the gift tax.
How can you find out how much property tax an owner pays for their property?
In the United States of America, county level tax assessors keep track of the assessed value of the property and the amount of taxes due and amount paid. These are public records.
Who pays the sales tax when selling a used car?
buyer
