Tangible property tax - Page 7
Close
Login to Your Account
Page 7 of 7 FirstFirst ... 567
Results 121 to 134 of 134
  1. #121
    Join Date
    Apr 2005
    Location
    Beaverdam, Virginia
    Posts
    8,364
    Post Thanks / Like
    Likes (Given)
    984
    Likes (Received)
    4136

    Default

    Quote Originally Posted by Fal Grunt View Post
    April and May I did zero work for the automotive, tool & die, or in general the industrial sectors.

    The "hobbyists" kept me busy.

    Looking at June, I don't have any RFQ's from industry. Quite a bit of "hobbyist" work scheduled.
    Interesting, maybe I should break things down more. I do not consider gun people hobbyists and one of them has me slammed right now. When I think of hobbies I think of remote control cars, planes, etc, cyclists, fisherman, etc.

  2. #122
    Join Date
    Aug 2010
    Location
    Medina OH
    Posts
    2,212
    Post Thanks / Like
    Likes (Given)
    273
    Likes (Received)
    1069

    Default

    Quote Originally Posted by Dualkit View Post
    Interesting, maybe I should break things down more. I do not consider gun people hobbyists and one of them has me slammed right now. When I think of hobbies I think of remote control cars, planes, etc, cyclists, fisherman, etc.
    What about a 125hp 3cyl diesel garden "pulling" tractor? that guys a triple

  3. #123
    Join Date
    Sep 2008
    Country
    UNITED STATES
    State/Province
    California
    Posts
    1,952
    Post Thanks / Like
    Likes (Given)
    1345
    Likes (Received)
    1111

    Default

    Quote Originally Posted by TDegenhart View Post
    I haven't read through all the posts so this may have already been suggested. Talk to Ox, he is one of the most reliable contributors here. He's located West Unity, Ohio.


    ****** ********* ***
    ***** ***** ***** ***
    ** *** ******* ****** **** ****
    ****-***-****

    Tom
    Not sure I'd want my address and ph no posted here, unless Ox said it was ok?

  4. Likes as9100d liked this post
  5. #124
    Join Date
    Oct 2009
    Location
    Oregon
    Posts
    4,900
    Post Thanks / Like
    Likes (Given)
    5308
    Likes (Received)
    2521

    Default

    I hear Taiwan is nice.

  6. Likes Ox, triumph406 liked this post
  7. #125
    Join Date
    Apr 2005
    Location
    Beaverdam, Virginia
    Posts
    8,364
    Post Thanks / Like
    Likes (Given)
    984
    Likes (Received)
    4136

    Default

    Quote Originally Posted by Fal Grunt View Post
    What about a 125hp 3cyl diesel garden "pulling" tractor? that guys a triple
    Did you help him create it? When someone says garden tractor or mower I think 25 HP or less. I must be out of the loop.

  8. #126
    Join Date
    Oct 2010
    Location
    Dewees Texas
    Posts
    2,609
    Post Thanks / Like
    Likes (Given)
    29
    Likes (Received)
    771

    Default

    I saw this thread late but they do allow reasonable depreciation in Texas. I think I put $15000.00 on my rendition for our Hardinge GT. That is about what the used ones are selling for and they have never challenged me on of any machine values.
    Where Wilson County has gotten to me is on valuations of my interest in 2 oil wells. The first couple of years they estimated the value of the oil that would be still available in 2021 and 2022 as $150 a barrel and $9.00 a MCF on gas. Pretty unreasonable as the gas played out in 2015 and the oil in 2018 and for part of this year the value on oil was negative. The last year on the oil it was valued at over 60 times the real value so my tax bill was more than the revenue. I did some reading on the protest hearings and according to the State Comptroller's website it was pretty clear the local appraisal review board committed criminal acts. I went before the board the next year even though there was nothing to protest and outlined their criminal acts and told them they all should be in jail.

    But don't get me started!

  9. #127
    Join Date
    Jan 2007
    Location
    Flushing/Flint, Michigan
    Posts
    8,809
    Post Thanks / Like
    Likes (Given)
    470
    Likes (Received)
    7245

    Default

    Ohio?.OhiO?? OHIO???
    Yes a good place for a business, lots of open reasonable cost land and the people nice but..
    It is so flat, occupied by a fair amount of buckeye nuts and gets very little snow......
    Can't figure them out sometimes..YouTube
    They also stole Toledo from us but we did get the UP in the deal so I'll let that one slide.

    On a more serious note I've know a few to make this move and been very, very happy with the relocation.
    With it's mix it seems a more rational and stable state than most and about as business friendly as it gets.
    I'd say certainly worth a real serious look if you want to move. Stay away from the big cities, go for the mid size places.
    I do not pay equipment and property taxes there along with who knows which is why we have OX to tell me a fool or not.
    If the company owns the boats, sleds, cars and truck... extra tax?
    Bob

  10. #128
    Join Date
    Feb 2005
    Location
    Akron, OH
    Posts
    1,910
    Post Thanks / Like
    Likes (Given)
    301
    Likes (Received)
    1435

    Default

    Only northwest Ohio is that flat. Ohio got rid of their personal property tax, but they swapped it for a commercial activity tax, which is .25% of your gross. Whether that's better or worse depends on your particular business.

  11. #129
    Join Date
    Aug 2010
    Location
    Medina OH
    Posts
    2,212
    Post Thanks / Like
    Likes (Given)
    273
    Likes (Received)
    1069

    Default

    Quote Originally Posted by Dualkit View Post
    Did you help him create it? When someone says garden tractor or mower I think 25 HP or less. I must be out of the loop.
    No, I machined some other stuff for him. I think it was for his Dyno, but I'm not really sure.

    I know I machined out some parts for an engine for another garden tractor, but I don't remember the hp, I do remember he said it would be spinning around 10k RPM.

    Garden tractor pulls are apparently a big deal. He pulls as far away as Tennessee. If you think of those huge souped up diesel pulling tractors, and minaturize them, that is what he is pulling. Well, he doesn't pull them, I think his 11 year old son pulls them.

    I made the comment, the poor kid is going to be disappointed with everything he drives for the rest of his life.

  12. Likes TeachMePlease liked this post
  13. #130
    Join Date
    Feb 2006
    Location
    Republic of Texas
    Posts
    2,588
    Post Thanks / Like

    Default

    Quote Originally Posted by FredC View Post
    I saw this thread late but they do allow reasonable depreciation in Texas. I think I put $15000.00 on my rendition for our Hardinge GT. That is about what the used ones are selling for and they have never challenged me on of any machine values.
    Yeah. I have my stuff depreciated down to $57570.00. They seem to be happy with it.

    Quote Originally Posted by FredC View Post
    Where Wilson County has gotten to me is on valuations of my interest in 2 oil wells. The first couple of years they estimated the value of the oil that would be still available in 2021 and 2022 as $150 a barrel and $9.00 a MCF on gas. Pretty unreasonable as the gas played out in 2015 and the oil in 2018 and for part of this year the value on oil was negative. The last year on the oil it was valued at over 60 times the real value so my tax bill was more than the revenue. I did some reading on the protest hearings and according to the State Comptroller's website it was pretty clear the local appraisal review board committed criminal acts. I went before the board the next year even though there was nothing to protest and outlined their criminal acts and told them they all should be in jail.

    But don't get me started!
    My wife's Wilson County royalties cost her 22 cents last year. Live Oak County, $1.05.

  14. #131
    Join Date
    Oct 2010
    Location
    Dewees Texas
    Posts
    2,609
    Post Thanks / Like
    Likes (Given)
    29
    Likes (Received)
    771

    Default

    Quote Originally Posted by alphonso View Post
    Yeah. I have my stuff depreciated down to $57570.00. They seem to be happy with it.

    My wife's Wilson County royalties cost her 22 cents last year. Live Oak County, $1.05.
    In an ad for an appraiser a few years ago, they specified ability to appraise machine shops. At the time there were only 2 other shops in the county so they had eyes on raising our valuations. If they did get someone to meet the qualifications they never raised mine much over my renditions. Once they added $50 to $100 I called and asked why and they said they added that for paper products?!?

    The $.22 was that the total tax or amount over revenue? If total tax you probably did not come down to protest it.:-)

    Capital Appraisal Group Incorporated was the biggest pack of liars you could imagine. With the collusion of the appraisal review board it was criminal. I am surprised that not one of those meetings ended up with a killing. Probably the only reason was the land owners had too much to loose. The new mineral appraisers are remarkably fair, too bad my wells are shut in now, might have been able to retire with fair taxation.

  15. #132
    Join Date
    Apr 2019
    Country
    UNITED STATES
    State/Province
    Arkansas
    Posts
    1,315
    Post Thanks / Like
    Likes (Given)
    579
    Likes (Received)
    499

    Default

    Quote Originally Posted by Comatose View Post
    Only northwest Ohio is that flat. Ohio got rid of their personal property tax, but they swapped it for a commercial activity tax, which is .25% of your gross. Whether that's better or worse depends on your particular business.
    This would be much worse for us.

    Sent from my Pixel 3 using Tapatalk

  16. #133
    Join Date
    Feb 2006
    Location
    Republic of Texas
    Posts
    2,588
    Post Thanks / Like

    Default

    Quote Originally Posted by FredC View Post

    The $.22 was that the total tax or amount over revenue? If total tax you probably did not come down to protest it.:-)

    Those are taxes for 2019. Wilson County had about 8 pages of figures. It cost them 95 cents to mail it to her.

  17. #134
    Join Date
    Oct 2010
    Location
    Dewees Texas
    Posts
    2,609
    Post Thanks / Like
    Likes (Given)
    29
    Likes (Received)
    771

    Default

    Wilson Appraisal District (WAD) for short did send me a form with zero as the estimated value on both wells this year. With all their excesses in the first couple of years they will still be ahead if they keep sending (0) estimates for the next million years. $150.00 a barrel, indeed!


Tags for this Thread

Bookmarks

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •