State by State Incentives Guide
Buisness Facilities Contributed Content
APRIL 15, 2014
Inventory is exempt from property tax. The exceptions are for financial institutions, financial institution groups, and insurance companies that have a maximum business privilege tax of $3,000,000. That is, for property with a fair market value of $1 million, the assessed value would be $200,000. The minimum tax is $100.
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