How does Peac Solutions calculate the tax estimate?

January 09, 2019

Peac Solutions uses tax software that is used by many leasing companies to compute the tax estimate. The software takes the contract’s assessed (depreciated) value and then multiplies that value by the tax jurisdictions previous year’s tax rate. If Peac Solutions has an actual tax assessment on file for the equipment, the rate used is 90% of the prior year’s assessment or 80% of two years prior.

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