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26 Sep 2017, 6:41 am by Dan Carvajal
Taxes on machinery and equipment create an incentive for mobile capital to flow to other states, which has increasingly led states to place tangible personal property taxes on the chopping block.[14] Property taxes (both real and personal) are often subject to what is known as an assessment ratio, which specifies the percentage of the property’s value subject to the tax millage. [read post]