Apply a bead of glue along one side of center piece of wood (Image 1). Quickly spread glue with a fingertip then lay it flat and butt against right-side piece (Image 2). Apply glue to right side of left piece, spread with fingertip and butt against left side of center piece (Image 3). Make sure edges are lined up.
By deducting the value-of-inventory figure, you reduce your taxable income by as much as 88 percent (assuming a 12 percent average markup for inventory). You only pay taxes on your profits. Keeping track of your inventory costs reduces your tax bill by helping you arrive at a profit figure.
Tax assessment value is not the market value of a home. It's a value used for tax purposes. It usually is lower then the market value which is a good thing when figuring taxes. The tax assessed value can also be higher then the market value as is the case for the past few years.Tax assessed value is usually an average of several years of previous sales. The years where properties were selling higher provide a higher tax assessment value.The current market value can be lower then the assessed value in a declining market which is what we have seen lately.ax assessed value is usually an average of several years of previous sales. The years where properties were selling higher provide a higher tax assessment value. The current market value can be lower then the assessed value in a declining market which is what we have seen lately.