Dealers motor vehicle inventory tax statement confidential 2009 form-2025

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The document is a confidential tax statement form (Form 50-246) for dealers' motor vehicle inventory in Texas. It outlines the requirements for filing monthly property tax statements, including details about vehicle sales, business information, and penalties for late filing. The form must be submitted to the county tax office and appraisal district, detailing each vehicle sold during the reporting month along with associated sales prices and taxes.

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Click ‘Get Form’ to open it in the editor.
Begin by entering the owner's name and address in the designated fields. Include the phone number of the owner and the person completing the statement, along with their title.
Provide information about your business, including the appraisal district account number if available. If not, enter the street address where your inventory is located.
List each vehicle sold during the reporting month. Fill in details such as description, date of sale, model year, make, vehicle identification number, purchaser’s name, type of sale, sales price, and unit property tax.
On the last page, summarize total sales by category and ensure you sign and date the statement to validate it.

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Versions	Form popularity	Fillable & printable
2017	4.8 Satisfied (147 Votes)
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2012	4 Satisfied (41 Votes)
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1999	4 Satisfied (45 Votes)

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What is special inventory tax in Texas?

Texas law provides for the special appraisal of dealers inventory including heavy equipment, motor vehicles, vessels and outboard motors and manufactured housing retailers. Special inventory appraisal is generally based on sales.

How to avoid inventory tax?

5 tips to reduce inventory tax Liquidate slow-moving inventory. Store inventory in a state that does not have an inventory tax burden. Sell through inventory before the assessment date of your state where inventory resides. Improve demand forecasting to avoid overspending on inventory.

How does inventory tax work in Texas?

Inventory tax is calculated by multiplying the assessed value with the tax rate of the county where the inventory is kept. In Texas, this rate is between 0.37 - 2.58%.

Do I have to pay dealer inventory tax in Texas?

Overview. The Texas Property Tax Code requires that all licensed retail Dealers must file the original Monthly Inventory Tax Statement with the Harris County Tax Office along with the payment (if applicable) and a copy with the Harris Central Appraisal District.

Do car dealers pay taxes on inventory?

Car dealerships do not pay tax on the vehicles on their lot. They dont pay taxes because they are a franchise, so it works much the same as when you buy items from a grocery store. Essentially, the tax is passed on to the customers like a sales tax.

dealers motor vehicle inventory tax statement

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How much is inventory tax in Texas?

States That Have Inventory Tax StateState or LocalLow to High Tax Rate Tennessee State 0.37-1.37% Texas State 0.37-2.58% Vermont Local 1.86-2.13% Virginia State and Local 0.31-0.77%6 more rows

What is a dealer 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.

Dealers motor vehicle inventory tax statement confidential 2009 form-2025

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How to use or fill out dealers motor vehicle inventory tax statement confidential 2009 form with our platform

See more dealers motor vehicle inventory tax statement confidential 2009 form versions

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Got questions?

What is special inventory tax in Texas?

How to avoid inventory tax?

How does inventory tax work in Texas?

Do I have to pay dealer inventory tax in Texas?

Do car dealers pay taxes on inventory?

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How much is inventory tax in Texas?

What is a dealer inventory tax in Texas?

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