We just go off of tax book cost per year. Since we didn’t report anything or pay anything until now, we figure we owe about $120K for the past five years they are asking for.
And going forward it’s tax book cost for asset as far as I can tell. From: AF <[email protected]> On Behalf Of Chuck McCown via AF Sent: Tuesday, January 31, 2023 3:13 PM To: AnimalFarm Microwave Users Group <[email protected]> Cc: Chuck McCown <[email protected]> Subject: Re: [AFMUG] Utah County Property Tax on Conduit/Fiber So how will they determine the value of the asset? We can say we built it out of scraps and it is fully depreciated. Best Regards, Chuck McCown McCown Technology Corporation 8401 N Commerce Dr Lake Point, Utah 84074 801-250-9503 Office 435-830-4306 Cell www.mccowntech.com<http://www.mccowntech.com> www.microtrench.pro<http://www.microtrench.pro> www.terabitnetworks.com<http://www.terabitnetworks.com> From: Sterling Jacobson Sent: Tuesday, January 31, 2023 3:08 PM To: AnimalFarm Microwave Users Group Subject: Re: [AFMUG] Utah County Property Tax on Conduit/Fiber Too late! We asked, was part of diligence when we sold equity to our new parent company STRATA networks. So now it appears that we owe about $2000-$3000 “a month” (really for the year due in May of the following year for something around $3.5M in stated various assets. What funny is that when I ask this on the FB groups, no one says anything or appears to be paying anything similar. When I talk to regulated UT State entities they all say they pay it (previously accounted by the State and passed to the County, but this year accounted by the County itself). Tax rate for our city is around .0098 in previous years and this year is down to like .0078 for some reason. From: AF <[email protected]<mailto:[email protected]>> On Behalf Of Chuck McCown via AF Sent: Tuesday, January 31, 2023 2:53 PM To: AnimalFarm Microwave Users Group <[email protected]<mailto:[email protected]>> Cc: Chuck McCown <[email protected]<mailto:[email protected]>> Subject: Re: [AFMUG] Utah County Property Tax on Conduit/Fiber Don’t ask, don’t tell. Best Regards, Chuck McCown McCown Technology Corporation 8401 N Commerce Dr Lake Point, Utah 84074 801-250-9503 Office 435-830-4306 Cell www.mccowntech.com<http://www.mccowntech.com> www.microtrench.pro<http://www.microtrench.pro> www.terabitnetworks.com<http://www.terabitnetworks.com> From: Sterling Jacobson Sent: Tuesday, January 31, 2023 2:48 PM To: AnimalFarm Microwave Users Group Subject: [AFMUG] Utah County Property Tax on Conduit/Fiber Anyone on here know how the County (or State in the past) did the accounting for property tax on fiber asset in ground? ________________________________ -- AF mailing list [email protected]<mailto:[email protected]> http://af.afmug.com/mailman/listinfo/af_af.afmug.com ________________________________ -- AF mailing list [email protected]<mailto:[email protected]> http://af.afmug.com/mailman/listinfo/af_af.afmug.com
-- AF mailing list [email protected] http://af.afmug.com/mailman/listinfo/af_af.afmug.com
