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Property Tax Aircraft

Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending... more +
Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending on the country or jurisdiction.  However, a popular system involves a government assessment of the value of a property and a rate based on a proportion of the assessed value. A property may be subject to taxation by multiple taxing entities.  less -
BakerHostetler

[Podcast] A 30,000 Foot Look at State Taxation of Corporate Aircraft

BakerHostetler on

Matt Hunsaker highlights some issues that should be considered when purchasing a company jet, including sales tax and property tax....more

Holland & Knight LLP

The Family Office: Planning for Private Aircraft Assets

Holland & Knight LLP on

• Family offices are increasingly involved in structuring and managing the ownership or use of private aircrafts for business and personal travel. • The optimal structure will vary depending on a number of factors,...more

Jackson Walker

Cheers to the Holidays—and Property Taxes

Jackson Walker on

The holiday season is in full swing which means Christmas cookies, New Year’s resolutions, and property taxes… Wait. What? Yes, if you or your clients are aircraft owners in Texas, you should already be thinking about...more

Franczek P.C.

Illinois Supreme Court Finds Special Exemption Unconstitutional

Franczek P.C. on

Last Thursday the Illinois Supreme Court struck down a special property tax exemption for a single aeronautical services company operating out of the Quad City International Airport. As noted in the July 2015 FR Alert...more

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