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Chapter 36. Business Taxes > Property and Net Worth Taxes

Property and Net Worth Taxes

In most states, businesses pay local county and state governments a tax on inventory and on real property such as land or buildings. This tax is filed once each year. Land property tax bills are usually mailed each year, just like those that are sent to you if you own a home.

Net worth taxes are usually reported and paid at the same time the annual tax return is filled out. It requires that taxes be paid on business assets as well as cash and investments.


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