Sales Tax Exemption

[CrealCritter]

Curious how many here have their sales tax exemption number? The nice lady Lisa at the farm store really likes me, she even bakes me cookies She also talks my leg off everytime I go in there. It's funny she works at the service desk and if she sees me standing in the check out line she'll wave me over to the service desk so she can ring up my items and she gives me a homemade cookie. But she was telling me I should apply for a tax exemption number, so I wouldn't have to pay sales tax. You know I'm all about not paying Dick Durban for the privilege of buying stuff at the store.

I got curious and looked it up in IL, Lisa is right... I'm going to investigate it further. I grow my own food... that's a non-profit organization

"A tax-exempt number is a number assigned to qualifying non-profit organizations that they can present which allows them to purchase items tax-free. This number begins with the letter “E” and is followed by nine digits."

 

[farmerjan]

Here in Va we have to sell $1,000 a year off the farm to qualify for an ag exempt for no sales tax on qualified purchases. It isn't hard to sell 1,000 worth of stuff... if you sell 10 lambs at 100 each... or vegs at a farmers market, or like us...sq bales of hay and beef cattle.... there are lots of ways to meet the minimum here.... property taxes also qualify for ag reductions if they meet certain qualifications.... we sign papers for several people that we rent from so they can get the "ag tax reduction" for their property taxes.... have to be able to prove that the land is being used for ag purposes.... since we pay rent, they get the benefit of the lower taxes....and our cattle on the land or the hay being made....even growing timber....
Every state has different requirements.... not hard to find out....take advantage of it if you can....

 

[Lazy Gardener]

They should give tax exemptions if your farm SPENDS more than 1K/year!!!

 

[baymule]

We filed homestead and senior citizens exemption. I also filed agricultural but was turned down. But after several years, I got the exemption. With only 8 acres, I wasn’t expecting an Ag exemption, so am pleased. We live in a double wide, which gets deprecated and our taxes go down a little each year. So there are benefits to becoming trailer trash! LOL LOL

 

[baymule]

We have one. You have to claim timber or a farm. We claim the farm, do the whole IRS thing, the works. It has saved us a lot of money, and we write off all the stuff we've done here, which is everything. There was nothing here but the double wide, so everything we've done is a tax write off.

 

[baymule]

I filed for farm exemption for sales tax, it has saved us hundreds of $$$

 

[Hinotori]

We don't sell ag products so can't get a tax exempt. We don't have income tax to help make up for the sales tax in this state.

Knowing what places give veterans discount has helped us a lot. Feed store gives 10% which more than covers tax.

 

[HornyToadAcres]

Currently selling a small (cheap) rental property to the guy who has been renting it in Florida. He could not believe the closing costs. I was not surprised because A) I've bought and sold property in more than one state and B) know that not having state income tax is offset by higher something else. In FL, it is fees like closing costs. In TX, it is property taxes which are not only high but you can also lose your property in just a couple years through delinquency. Last year, first time ever, I put off my property taxes in FL and TX to survive. In FL, it was like I thought, just basic interest to catch up (which will happen at the closing). They can sell tax certificates but it still only means interest. Well, in TX, about 4 months late, they tack on a 20% surcharge and send it to a lawyer to administer and I was told that it would take about a year but eventually they would take my property if I don't get it paid. And, BTW, there is NO relief of any kind that I can find.

 

[Lazy Gardener]

Tough. I'm in the middle of selling a property in FL, Real estate costs, as well as the taxes are a huge killer. Of course, the other side of the coin is a nice homestead exemption. Their real estate taxes are about 1/2 of what we might pay here in Maine.

 

[HornyToadAcres]

Tough. I'm in the middle of selling a property in FL, Real estate costs, as well as the taxes are a huge killer. Of course, the other side of the coin is a nice homestead exemption. Their real estate taxes are about 1/2 of what we might pay here in Maine.

I told my buyer to be sure to apply for homestead exemption as soon as the sale is completed.

I lived in Wisconsin for six years so I am aware of the taxes being much higher with the need for snow removal equipment and all. I think taxes were about a third of our mortgage payment there.