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sqorpeo
Mar 21, 2018 12:56 AM UTC

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 reply

    lynda11_2
    lynda11_2
    Jun 25, 2018 8:53 PM UTC

    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. 

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