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dlksemperfi
New Member

What is the difference between State Sales tax vs Personal Property tax?

 
3 Replies
ducewas-2
New Member

What is the difference between State Sales tax vs Personal Property tax?

State Sales tax is the tax you pay on products and services done in the state. Personal Property tax is the tax you pay on your automobiles.
Mocha0124
Returning Member

What is the difference between State Sales tax vs Personal Property tax?

  • Sales tax is a one-time tax, which is collected at the point of sale when you shop at department stores, grocery stores, or online, etc...
  • Personal property tax is an annual tax, which is based on the current value of the property each year such as taxes you paid on the value of personal property, including a boat, motorcycle, RV, or airplane, but not your home or any real estate you own (These go under the Real Estate Tax topic on Turbotax program)
Irene2805
Expert Alumni

What is the difference between State Sales tax vs Personal Property tax?

Mocha0124's explanation of sales tax vs personal property tax is correct. 

 

Another item to note:  If you are itemizing deductions, you can choose to deduct sales tax instead of the income tax withheld from your paycheck.  This is useful if you live in a state that does not have a personal income tax.  Please see this TurboTax Help article for more information:  Can I claim the sales tax deduction? - TurboTax

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