TX Comptroller 50-246 2012 free printable template

CONFIDENTIAL P r o p e r t y Ta x Dealer s Motor Vehicle Inventory Tax Statement Form 50-246 See Page 3 for Instructions Page of pages Month and Year (817) 884-1100 Tarrant County Tax Assessor Collector,

How to fill out texas property tax form

How to fill out TX Comptroller 50-246

1. Obtain form 50-246 from the Texas Comptroller of Public Accounts website or through your local tax office.
2. Read the instructions provided with the form carefully to ensure you understand the requirements.
3. Fill in the property owner's name and address in the designated fields.
4. Provide the property identification number or a detailed description of the property.
5. Specify the type of exemption you are applying for under the relevant section of the form.
6. Complete any additional sections as required by the form, including providing income information or supporting documentation if applicable.
7. Review all entered information for accuracy before final submission.
8. Sign and date the form at the bottom.
9. Submit the completed form to your local appraisal district office.

Who needs TX Comptroller 50-246?

1. Property owners in Texas who wish to apply for a property tax exemption.
2. Individuals or organizations claiming exemptions for charitable, religious, or educational purposes.
3. Homeowners seeking to realize tax benefits on their primary residence.

People Also Ask about

Who is exempt from motor vehicle sales tax in Texas?

A motor vehicle purchased in Texas for use exclusively outside Texas is exempt from motor vehicle sales tax. To claim the exemption, a purchaser must not use the motor vehicle in Texas, except for transportation directly out of state, and must not register the motor vehicle in Texas.

Does Texas charge property tax on vehicle registration?

Texas does not base property tax on the Registration State or the License Plate State. It is based solely on the reported and documented physical address that is in the system as of Jan 1st of any year. It cannot be changed after the fact or refunds cannot be requested.

What is the personal property tax on vehicles in Texas?

The rate is 6.25 percent and is calculated on the purchase price of the vehicle. The taxable value of private-party purchases of used motor vehicles may be based on the standard presumptive value.

Do you have to pay tax on a private car sale in Texas?

Sales: 6.25 percent of sales price, minus any trade-in allowance. The taxable value of private-party purchases of used motor vehicles may be based on the standard presumptive value.

Who pays the vehicle inventory tax in Texas?

The VIT is a property tax assessed on the dealer, not the purchaser, and is a negotiable item on the sales agreement. Moreover, the VIT is not, by statute, a part of "total consideration." Dealers may, however, separately list a reimbursement of the VIT on the sales agreement.

Who is exempt for collecting sales tax in Texas?

Common Texas sales tax exemptions include those for necessities of life, including most food and health-related items. In addition, goods for resale, such as wholesale items, are exempt from sales tax, as well as newspapers, containers, previously taxed items, and certain goods used for manufacturing.

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What is TX Comptroller 50-246?

TX Comptroller 50-246 is a form used for reporting information regarding property taxes in Texas.

Who is required to file TX Comptroller 50-246?

Entities that receive local property tax exemptions or those required to report information to the Texas Comptroller must file TX Comptroller 50-246.

How to fill out TX Comptroller 50-246?

To fill out TX Comptroller 50-246, provide the required identification information, report property details, and include any relevant financial information as outlined in the form instructions.

What is the purpose of TX Comptroller 50-246?

The purpose of TX Comptroller 50-246 is to ensure compliance with property tax exemption qualification criteria and to gather necessary data for tax assessment purposes.

What information must be reported on TX Comptroller 50-246?

The information that must be reported includes property identification, ownership details, exemption type, and other relevant financial data related to the property.