So i find this interesting. I financed my APU.. Well today i got a letter from the finance company for my APU saying i owe Personal property tax on it... Has anyone ever had this happen or heard of it?
Personal Property Tax?
Discussion in 'Trucker Taxes and Truck Financing' started by TruckerPete1990, May 17, 2021.
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Giggle it and see what comes up.Last edited: May 17, 2021
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Yep..AR is a personal Property tax state. Have a looksee: Personal Property Taxes
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Maybe @Judge @wore out @Misesian or other Arkansas O/Os can answer this.NavigatorWife Thanks this. -
They do not. That’s what the Advalorem tax is for. Now if you run a farm plate or single state K plate you will pay personal property tax
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I second what Wore Out said. You should only be paying Ad Valorem. It may have something to do with how you bought or how the finance company did the paperwork. Arkansas may think it’s a personal purchase like a used car or something. You’d need to look over the loan paperwork and ask an accountant where the problem is.
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Yeah, someone screwed up paperwork, apu don’t have property tax
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