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A bill of sale has been defined as a legal document made by the seller to a purchaser, reporting that on a specific date at a specific locality and for a particular sum of money or other value received, the seller sold to the purchaser a specific item of personal property or parcel of real property of which he had lawful possession.
However, most personal property items do not have a formal document of title. For such items, possession is the simplest indication of title, unless the circumstances give rise to suspicion about the possessor's ownership of the item. Proof of legal acquisition, such as a bill of sale or purchase receipt, is contributory.
However, you won’t get a personal property tax bill until the end of the year. If you file after March 1, the county may charge you a late fee. The fee will depend on the value of your vehicle ...
Accountants distinguish personal property from real property because personal property can be depreciated faster than improvements (while land is not depreciable at all). It is an owner's right to get tax benefits for chattel, and there are businesses that specialize in appraising personal property, or chattel.
Chesapeake is an independent city in Virginia, United States. At the 2020 census, the population was 249,422, making it the second-most populous city in Virginia, the tenth largest in the Mid-Atlantic, and the 90th-most populous city in the United States. [4] Chesapeake is included in the Hampton Roads metropolitan area.
In modern times, Western Branch is an almost exclusively residential area, with the exception of an area around the intersection of Taylor Road and Portsmouth Boulevard consisting of a Wal-Mart Supercenter, several small strip malls, and one enclosed mall, Chesapeake Square Mall which has become undersized relative to the rapid growth of the area since about 2001.
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