Property Tax FAQs
If Marlin owns the equipment, why does the lessee have to pay property taxes?
Under the terms of the lease agreement, the lessee agreed to reimburse Marlin for any such taxes paid on the leased equipment.
Why is the lessee billed for property taxes when the lessee did not own the equipment for a full year?
Why is the lessee billed for property taxes when the lessee did not own the equipment for a full year?
Each taxing jurisdiction has a different lien date or fiscal start date for the year. There are 4 di...
Learn more →Why is there sales tax on property tax?
Why is there sales tax on property tax?
Under the terms of the lease, a lessee is reimbursing Marlin for property taxes paid on the lesseeâ€...
Learn more →What is a tax true-up?
What is a tax true-up?
A true-up is when Marlin reconciles the estimated taxes paid by the lessee to the actual tax billed ...
Learn more →Why is the lessee billed or refunded for...
Why is the lessee billed or refunded for...
The property tax true-up is the reconciliation of actual property taxes paid by Marlin on the leased...
Learn more →Who is the legal owner of my leased equi...
Who is the legal owner of my leased equi...
Marlin, as the owner of the leased equipment, is required to report all leased equipment, even if th...
Learn more →Why does Marlin charge taxes when other ...
Why does Marlin charge taxes when other ...
Other companies do charge their customers taxes usually by building the cost into the lease factor r...
Learn more →Can Marlin fax or mail me a copy of the ...
Can Marlin fax or mail me a copy of the ...
The property tax bill Marlin receives contains information on all leased equipment in a given jurisd...
Learn more →How does Marlin calculate the tax estima...
How does Marlin calculate the tax estima...
Marlin uses tax software that is used by many leasing companies to compute the tax estimate. The sof...
Learn more →Why is the lessee billed taxes on a leas...
Why is the lessee billed taxes on a leas...
Each jurisdiction that collects personal property taxes, taxes the owner of the equipment. Marlin is...
Learn more →Why was I charged sales tax even with an...
Why was I charged sales tax even with an...
Marlin, as the owner of the leased equipment, is required to report all leased equipment, even if th...
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