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Exempt Organization Business income Tax Return, “, .990T(and proxy tax under section 603il(e))Forcalendaryea20l3orothertaxyearb.einningOCT)Check box if address changed(business activity codes1550
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An prory tax, commonly known as a property tax, is a tax assessed on real estate properties, usually calculated based on the property's value.
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Property owners are required to file property tax returns for their real estate holdings.
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To fill out a property tax return, property owners must provide their property details, assess its value, and submit the necessary forms to their local tax authority.
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The purpose of property tax is to generate revenue for local governments to fund public services such as education, infrastructure, and emergency services.
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The information that must be reported includes the property owner's name, address, property description, assessed value, and any applicable exemptions.
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