What is 'basic property tax amount' in SAP RE-FX - Flexible Real Estate Management?

basic property tax amount - Overview

• Component: RE-FX

• Component Name: Flexible Real Estate Management

• Description: A tax amount set by the tax office in a property tax assessment notice. The rates vary by country. In Germany, the tax, related to the assessed value of the property, depends on the type of property: Agricultural and forestry businesses - 6.0 per mille Single family homes, first 30,000 - 2.6 per mille Single family homes, remainder - 3.5 per mille Duplex homes - 3.1 per mille Condominiums - 3.5 per mille All others apartment houses, undeveloped land - 3.5 per mille

basic property tax amount - Details

• 
  Key Concepts: 
  Basic property tax amount is a component of the SAP RE-FX Flexible Real Estate Management module. It is used to calculate the amount of property tax that is due on a particular real estate asset. The amount is based on the assessed value of the asset, as well as any applicable local or state taxes. 
  
  How to use it: 
  The basic property tax amount can be calculated in SAP RE-FX by entering the assessed value of the asset and any applicable local or state taxes. The system will then calculate the total amount of property tax due on the asset. This information can then be used to determine the total cost of ownership for the asset. 
  
  Tips & Tricks: 
  When calculating the basic property tax amount, it is important to ensure that all applicable taxes are taken into account. This includes any local or state taxes that may be applicable to the asset. Additionally, it is important to ensure that the assessed value of the asset is accurate, as this will affect the total amount of property tax due. 
  
  Related Information: 
  For more information on SAP RE-FX Flexible Real Estate Management, please refer to SAP's official documentation. Additionally, there are many online resources available that provide detailed information on how to use this module and calculate basic property tax amounts.