Shelby County, TN Personal Property Taxes on my Airbnb?
I just got a personal property tax schedule to submit for my Airbnb. It is a one bed guest house and I guess they want a list and value of everything in it so I can pay more tax! I have a business license and permit I paid for and already pay property tax. Now they want to tax me on the stuff in the Airbnb? Help!
@Robert7766 You have to love our states and counties for thinking up ways to tax homeowners. Personal property taxes are not new, nor are they IMO reasonable or sensible. Own a lawnmower? Pay an annual tax. Ridiculous.
I would recommend that you review the personal property tax form sent to you with your tax accountant. That person would be best to advise you on what to include in the assessment and how to determine the value.