Business Personal Property Archives | Travis Central Appraisal District

Is a dealer who does not owe property tax because the dealer was not in business on Jan. 1 prohibited from assigning a unit property tax apply only to sales or to sales, leases and rentals?

Section 23.1242(g) addresses a dealer who owes no heavy equipment [...]

Is a dealer who does not owe property tax because the dealer was not in business on Jan. 1 prohibited from assigning a unit property tax apply only to sales or to sales, leases and rentals?Communications2024-08-21T12:30:22-05:00

Does the requirement that “the owner of the equipment shall state the amount of the unit property tax assigned as a separate line item on an invoice” apply to sales?

Changes to Section 23.1241(b) include this new sentence: “The owner [...]

Does the requirement that “the owner of the equipment shall state the amount of the unit property tax assigned as a separate line item on an invoice” apply to sales?Communications2021-01-21T20:33:56-06:00

Can we treat all attachments sold or rented with heavy equipment as heavy equipment?

Yes, the heavy equipment and attachments are sold or rented [...]

Can we treat all attachments sold or rented with heavy equipment as heavy equipment?Communications2021-01-21T20:33:19-06:00

What is considered heavy equipment?

Section 23.1241(a)(6) defines “heavy equipment” as “any item of equipment [...]

What is considered heavy equipment?Communications2021-01-21T20:32:39-06:00

Do the exclusions for fleet transactions, sales to dealers, and subsequent sales apply to leases and rentals?

No, these exclusions all deal with sales of heavy equipment; [...]

Do the exclusions for fleet transactions, sales to dealers, and subsequent sales apply to leases and rentals?Communications2021-01-21T20:32:03-06:00

If the same auction house is used by a company to sell all of its used equipment, is this considered a fleet sale?

If the dealer is selling the used equipment to the [...]

If the same auction house is used by a company to sell all of its used equipment, is this considered a fleet sale?Communications2021-01-21T20:31:20-06:00

Can excess funds in the escrow account after all property taxes have been paid to the appropriate taxing units be carried over to the next tax year?

No, excess funds are carried over to the next tax [...]

Can excess funds in the escrow account after all property taxes have been paid to the appropriate taxing units be carried over to the next tax year?Communications2021-01-21T20:30:37-06:00

If you are a heavy equipment dealer, do you still have to render under Chapter 22?

Yes, a heavy equipment dealer is required to render all [...]

If you are a heavy equipment dealer, do you still have to render under Chapter 22?Communications2021-01-21T20:29:53-06:00

Should the cost of warranties in the sales price of heavy equipment be included before applying the unit property tax?

It depends on how the transaction is written. If the [...]

Should the cost of warranties in the sales price of heavy equipment be included before applying the unit property tax?Communications2021-01-21T20:29:12-06:00

Is anyone who sells, leases or rents heavy equipment a dealer? Or must the person be “engaged in the business in this state of selling, leasing or renting heavy equipment”?

Section 23.1241(a)(1) defines “dealer” as a “person engaged in the [...]

Is anyone who sells, leases or rents heavy equipment a dealer? Or must the person be “engaged in the business in this state of selling, leasing or renting heavy equipment”?Communications2021-01-21T20:27:18-06:00