Vehicles, Trailers, and Special Equipment are different types of conveyances used in the course of operating a business to transport people, equipment, parts, raw material, etc. and can be used for the operation of the owner’s business or leased to customers.
If used in the production of income, these assets are to be rendered each year. Depending on travel destinations, a portion of these otherwise 100% taxable assets may qualify for a mileage allocation for miles driven outside Texas.
Contact Bettencourt Tax Advisors, LLC for more information on how BTA can help you lower your property tax values.