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03 - Accounting & Taxes Accounting Help & Tax Strategies

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Old 03-20-2007, 11:09 AM
buttholemgee buttholemgee is offline
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Join Date: Mar 2007
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Default Property taxes

I'm looking into purchasing a business and have a few questions.Will I have to pay property tax on the equipment? will a tax assessor evaluate the business?I was looking over the lease and it seems I'll be be paying the real estate taxes also.Are these two different property taxes? Looking at the expense sheet of previous owner shows a property tax bill.But i don't know if that for equipment or the real estate.
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