But since we are an S Corporation, we pay personal property replacement tax. I think it's calculated as something like 1.5% of income.
https://tax.illinois.gov/localgovernments/personal-property-replacement-tax. html Like they say, death and taxes. From: AF <af-boun...@af.afmug.com> On Behalf Of Adam Moffett Sent: Thursday, March 20, 2025 2:01 PM To: AnimalFarm Microwave Users Group <af@af.afmug.com> Subject: Re: [AFMUG] Property Tax According to Google, Illinois had personal property tax until it was banned in the state constitution in the 1970's Get Outlook for iOS <https://aka.ms/o0ukef> _____ From: AF <af-boun...@af.afmug.com <mailto:af-boun...@af.afmug.com> > on behalf of Mike Hammett <af...@ics-il.net <mailto:af...@ics-il.net> > Sent: Thursday, March 20, 2025 11:00:01 AM To: AnimalFarm Microwave Users Group <af@af.afmug.com <mailto:af@af.afmug.com> > Subject: Re: [AFMUG] Property Tax Which always baffles me. In IL, we tax everything, but not that. I can't imagine a worse type of tax to have. ----- Original Message ----- From: "Adam Moffett" <dmmoff...@gmail.com <mailto:dmmoff...@gmail.com> > To: af@af.afmug.com <mailto:af@af.afmug.com> Sent: Wednesday, March 19, 2025 9:26:55 AM Subject: Re: [AFMUG] Property Tax Ah...."personal property tax". A new vocabulary word for me, and that has clarified the question greatly. Also called "Tangible Personal Property" tax or "Business Personal Property" tax. New York State is on a short list of states that don't have this type of tax so I was not familiar with it. If I build a tower on leased land in NY it will count as a permanent improvement to the underlying land, so the property owner sees the tax increase and that has to be built into the rent negotiation. Delaware, Hawaii, Illinois, Iowa, New York, Ohio, and Pennsylvania don't have a TPP or BPP. Minnesota, New Hampshire, New Jersey, North Dakota, and South Dakota only have them on select industries. NJ, for example, only has it on petroleum refining and on the LEC. Sucks to be Verizon in NJ. The rest of the states have more general TPP or BPP. This affects site acquisition in different states. Thanks for feedback, everyone. -Adam From: AF on behalf of Tushar Patel Sent: Tuesday, March 18, 2025 7:37 PM To: af@af.afmug.com <mailto:af@af.afmug.com> Cc: af@af.afmug.com <mailto:af@af.afmug.com> Subject: Re: [AFMUG] Property Tax In Texas we get personal property tax on the assets. So, cell tower is an asset so in Texas, I should say a few counties we are in we get tax bill for it. Tushar On Mar 18, 2025, at 1:39 PM, Adam Moffett <dmmoff...@gmail.com <mailto:dmmoff...@gmail.com> > wrote: I'm seeing two cell phone towers on land owned by a fire department. The parcel info shows zero tax because obviously the fire department is tax exempt, and they do not show a separate parcel for the cell towers. I know it depends on the local laws, but is it likely the cell phone companies are getting a free ride on the property tax by placing on tax exempt property? If that's an avenue for tax avoidance, then I'm all about it. I'll do it all day long. I'm just wondering if anyone has experience with that. Could the tax man make it some special case where they bill the cell phone company separately? -Adam -- AF mailing list AF@af.afmug.com <mailto:AF@af.afmug.com> http://af.afmug.com/mailman/listinfo/af_af.afmug.com -- AF mailing list AF@af.afmug.com <mailto:AF@af.afmug.com> http://af.afmug.com/mailman/listinfo/af_af.afmug.com -- AF mailing list AF@af.afmug.com <mailto:AF@af.afmug.com> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
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