cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Highlighted
Level 1

Can sales tax be excluded from the value of an asset for property tax purposes?

Can sales tax be excluded from the value of an asset for property tax purposes?

1 Comment
Highlighted
Community Champion

Can sales tax be excluded from the value of an asset for property tax purposes?

Short answer:  No.  When you pay sales tax on an item (large purchase), it is part of the cost to you for the goods.  You cannot deduct it from the actual cost of the merchandise for property tax purposes. 

Need to get in touch?

Contact us