Who pays business property
We are about to lease a piece of equipment for our manufacturing process. It's an expensive machine and the lease extends to 36 mo's.
As it is a lease, should we the Lessee be responsible for the BPP's to the County Tax Assessor? I have seen this practice in copier leases in the past, but just assumed it was a ploy to get us to pay for something that the Lessor hoped we would. I don't recall if we refused and it was stricken from the contract. It's one thing for a $5k copier and another for a $175k piece of equipment.
Any thoughts are appreciated on this!