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Finance:Taxes Property Articles from

Published: Sun, 18 Mar 2018 22:57:51 -0500


3 Steps For Grieving Real Estate Taxes

Wed, 30 Nov 2016 07:44:42 -0600

Although various localities have specific mechanisms, nearly every one has a process to appeal or grieve one's real estate taxes. In most cases, this can either be done by oneself, or you can hire someone else (or some company) to do so, for you. Why would someone grieve his real estate taxes?

The One Expense of Home Ownership That Is Rarely Mentioned or Disputed

Thu, 09 Jun 2016 09:23:04 -0500

The concern of property taxes and assessments of real estate. A brief outlook of the largest expense of a home; property tax.

Understanding (and Fixing) Property Tax Assessment

Mon, 28 Mar 2016 15:23:20 -0500

Having trouble understanding all the nuances of property tax assessment? Using a fictional example, this article lays out the important concepts in an easy-to-understand manner. It shows both sides of several of the contentious issues, illuminating both parties' perspectives clearly.

How to Appeal A Property Tax Assessment

Mon, 15 Feb 2016 08:50:46 -0600

This article reviews what information is needed to successfully appeal your property taxes. It also discusses what auditors consider in the valuation of your property.

Methods to Lower Property Taxes

Thu, 31 Dec 2015 07:53:23 -0600

Owning a home is expensive as property taxes can be extremely burdensome. Annual property tax bills tend to rise steadily over time. Even if you pay off your mortgage, the taxes keep coming. Most homeowners do not realize that they need to pay less and do not understand how their taxes are calculated. Most households take their tax assessments at face value, and, most of the time, their property is over-assessed. Here, we provide a few tips that you can follow to challenge your assessment and save money.

1031 Exchanges: Primary to Vacation to Primary Again?

Wed, 26 Aug 2015 11:26:50 -0500

Learn more about primary homes and vacation homes and how they fit into 1031 exchanges. Get the facts on how you need to prepare for a transaction.

Rental Income and Taxes

Tue, 28 Apr 2015 15:15:02 -0500

Rental Income is when you rent property for someone else to use. Property is usually thought of as real estate, but it can be anything that can be rented like a car, snowmobile, power tools, computer and so on. The expectation is that there will be profit because if there is no money being made, there would not be any taxes owing. There would still be a requirement to report activity in most cases, but renting something generally assumes that money will be made over time.

How To Minimize The Impact Of High Property Taxes

Wed, 25 Mar 2015 08:24:04 -0500

High property taxes have always been a bother for the property owner. What most people don't realize is that there are ways to minimize the property tax. Mentioned below are some ways to minimise the impact of high real estate taxes.

Who Should Think About Using a 1031 Exchange?

Tue, 17 Feb 2015 11:08:09 -0600

1031 exchanges can be beneficial for many reasons. Check out who gets the benefit of using them.

Property Taxes Vs Real Estates Taxes - What's the Difference

Fri, 30 Jan 2015 13:30:20 -0600

If you are new to the world of real estate, you might be a bit confused by all of the taxes that get assessed. To many people, the words 'property taxes' and 'real estate taxes' sound like they are the same, but there are some significant differences. Let's take a look at them.

A Brief Overview on Property Tax Reduction and Property Tax Relief

Mon, 11 Aug 2014 11:22:26 -0500

Most of the survey shows that over 70% of the property tax owners are paying tax for their over-assessed property. It is the time for you to evaluate your property tax once again and time to get suitable reduction.

Tax Depreciation for Investment Property

Wed, 30 Jul 2014 13:40:43 -0500

Investment property tax claims can be complex, but getting the most out of a claim can add thousands to your return. We've asked some experts how you can make the best of a boring situation. It's not just investors who should take note. A growing number of Victorians are turning past homes into investments and may be able to make claims against things from while they were living at them.


Wed, 02 Apr 2014 11:48:01 -0500

A QNUPS refers to a Qualifying Non UK Pension Scheme. A QNUPS is available to anyone who is either UK-resident or UK-domiciled, Non-Resident or Non-Domiciled but has investment assets in the UK - but what do you know about them?

Mortgage Interest Deductions - Insights Into Property Tax Saving

Thu, 06 Feb 2014 08:46:40 -0600

The mortgage interest deduction remains one of the most mis-understood or confused avenues with which the homeowner can claim legitimate deductions on a property, should it be considered an investment. It is actually possible to save a huge amount on taxes by implementing savings from mortgage interest deduction.

10 Frequently Asked Questions About California Real Estate Property Taxes

Wed, 23 Oct 2013 10:10:42 -0500

Owning real estate means having to pay property taxes. Doing your taxes is complicated enough, even without applying specific state provisions to them. Here are 10 of the most frequently asked questions about property taxes in California and a real estate law expert's answers to them.

Are You Paying Too Much Council Tax? How To Check And Claim A Refund!

Tue, 16 Apr 2013 11:36:05 -0500

PPI claims management firms have found a new money making spinner through identifying homes which are in the wrong council tax band and offering to make a claim on their behalf. These firms identify potential clients by looking to see if any homes on the same street pay more than their neighbours do. They then cold call the identified properties and offer to make a claim for a full refund for all the years of over-payment, as well as get them a reduction on future council tax bills. This service is usually around 30% of any money claimed.

New York Pulls You Back In

Tue, 02 Apr 2013 14:35:04 -0500

New York has placed a Trojan horse outside the door for co-op and condo owners. Think carefully before you accept it.

Vacation Rental 1031 Exchange

Fri, 01 Mar 2013 10:30:22 -0600

We are often asked whether tax liability from the sale of a vacation home can be deferred using the procedures of IRC section 1031. The answer to this question is found in Revenue Procedure 2008-16.

Rental Property Depreciation Report

Thu, 07 Feb 2013 09:52:42 -0600

The valuer has to be objective and should not have any conflict of interest, unless it is disclosed and accepted by the owner party. Valuations are often required by the law. Buying and selling of shares of private corporations or to assess the fair compensation to be given to a person as their share in some business or pension. Property valuers are hired for a lot of reasons. For refinancing, knowing the price of the property, calculating capital taxes, calculating insurance costs or for divorce or other dissolutions property valuation needs to be done. A depreciation schedule should include all the information needed to determine annual depreciation. Such as original price, purchase date and original cost basis. Depreciation reports too provide useful information to owners.

7 Ways To Maximise Your Rental Deductions

Tue, 05 Feb 2013 13:42:02 -0600

Many of us own rental properties, but not many of us are getting all the possible tax deductions out of the property ownership. We can show you some simple ways to maximise the tax savings you can get from property ownership.

How To Use 1031 Exchange?

Thu, 24 Jan 2013 11:40:57 -0600

There are two baseline rules that need to be followed, in conjunction with other stipulations set forth by the IRS, for a 1031 exchange. The first rule is that the replacement "like kind" real estate's total price must be the same as, or greater than, the total net sale total of the property that was relinquished.

How Can I Lower My Council Tax Band?

Mon, 23 Jul 2012 13:38:57 -0500

Are you paying too much council tax on your house? Find out how you can reduce the amount you pay using a simple and thoroughly legal process that can save you hundreds of pounds a year plus get you a repayment on tax you've already paid amounting to thousands of pounds.

Tips to Reduce Property Tax - Tax Reassessment

Mon, 23 Jul 2012 11:10:54 -0500

When paying the tax due on your property, you may not consider taking a look at whether or not you are paying the "right" amount. Inaccurate assessment of the property tax is very possible. If you have a genuine case of inaccurate property value assessment, you can appeal to the tax assessor to reduce property tax.

House Value Reassessment to Lower Property Tax - How to Find Out That You Are Overpaying

Fri, 20 Jul 2012 13:00:26 -0500

High work load and lack of resources make property tax assessment a difficult task for tax officers. These challenges result in inaccurate assessments of property values. You may think that only a small number of properties require reassessment, but that, unfortunately, is not the case.

Tax Deed Sales - Giving Delinquent Taxes Hard Time

Thu, 21 Jun 2012 13:39:52 -0500

When you can no longer maintain your monthly mortgage payments and real estate taxes, you risk losing your real estate to the government through foreclosure. Once your real estate taxes have entered the late stage of delinquency, paperwork can be filed against you by the government or by other interest holders in your property to have you evicted. You will be giving proper notice, typically through the local sheriff's office, if the situation proceeds that far. Once you've officially lost the property, it is offered for sale to the general public at an auction. The final bidder on the house will be paying the full amount of your backlogged taxes, interest on these delinquent payments, and any additional costs incurred through the property's sale.

Real Estate Tips You Need To Know

Wed, 13 Jun 2012 15:47:42 -0500

Homebuyers need resources in today's marketplace if they hope to find the best deals on properties. Articles like the one you're reading now, are all about pointing you in the right direction and giving you a slew of helpful tips that you can use, in order to make the right decision.

Property Taxes - What Taxes Do You Pay If You Have an Investment Property?

Sun, 03 Jun 2012 20:59:01 -0500

What should you consider in relation to the property taxes you will have to pay when investing in investment property? This article discusses what taxes you pay and how different structures can impact on your taxes.

Property Tax Appeal Process

Fri, 18 May 2012 15:38:03 -0500

There are a number of property tax reduction programs available to property owners. Although many of the tax reduction programs are similar, each has it's own set of rules for the tax appeal process.

A Guide To How To Appeal Your Property Taxes

Mon, 30 Apr 2012 15:21:59 -0500

Fair to say, if you are living anywhere in the country, you are probably paying more property taxes than you should. The National Taxpayers Union, in fact, estimates that approximately 60% of all US properties are currently overassessed. What makes this particularly shocking is that, since 2003, prices of median homes have declined dramatically.

Calculating Property Taxes Into Your Budget

Tue, 21 Feb 2012 15:18:50 -0600

It's vital to understand how much your property taxes are going to cost before you purchase a property. If complications with your taxes arise after you have purchased your property, a real estate attorney can help you address any legal issues and find a resolution.

3 Simple Steps To Paying Your Property Taxes On Time

Thu, 16 Feb 2012 16:10:51 -0600

After buying or building your dream home in Houston Texas, and enjoying the peaceful yet exciting community experience that it offers, there are other annual matters of equal importance (aside from hosting Christmas parties and birthday dinners) that you need to take care of. And that is, paying for your property taxes.

Can You Insure Stamp Duty Mitigation Schemes?

Tue, 07 Feb 2012 13:31:54 -0600

HRMC is certainly talking a good game - it says it is going to strongly challenge any deficits - or what it sees as deficits - in SDLT repayments. In reaction to decreasing tax income, HM Revenue and Customs (HMRC) are using a more confrontational and competitive strategy to fighting recognised tax avoidance. How is HMRC currently approaching recognised tax avoidance?

Stamp Duty Mitigation - Is It Legal?

Tue, 07 Feb 2012 11:01:27 -0600

Stamp Duty Mitigation is also called Stamp Duty Land Tax (SDLT) Planning. It involves the use of a tax law prevalent in the United Kingdom to reduce the amount of SDLT that has to be paid to HMRC (HM Revenue and Customs). The stamp duty land tax is to be paid for the purchase of residential, commercial, and land exceeding amounts of 250,000 GBP.

How to Compute Taxable Income or Loss to Arrive at Cash Flow After Taxes

Fri, 30 Dec 2011 20:28:07 -0600

Cash flow after taxes is the more meaningful bottom line generated by rental income property but requires a computation for taxable income or loss. Learn how to compute both.

How To Deal With The IRS When You Have Real Estate Problems

Thu, 10 Nov 2011 13:12:59 -0600

Online, on the radio, and on the television, we're all exposed to headlines expressing today's depressed real estate market, as foreclosure rates grow sharply. Aside from a failing economy, there are two tax trends that have come to light...

How Homeowners Can Enjoy Tax Breaks

Thu, 27 Oct 2011 11:54:51 -0500

Homeowners in the U.S. have something to rejoice now. The reason is that they can take advantage of tax breaks to lessen their expenses. And this is not limited to certain types of homes as it applies any type.

Common Questions When It Comes to Real Property Tax in the Philippines

Fri, 21 Oct 2011 11:02:44 -0500

Real Estate Property Tax. When confronted with the said concept, some people are just left baffled. But you shouldn't be as it is easy to understand, and there are so many resources to read from. Oh, and you also not only have to understand it, you have to pay for it - at your nearest Municipal Hall.

Lower Your Taxes!

Thu, 06 Oct 2011 15:45:45 -0500

With the Commercial Market the way it is; I only have one question! Are you doing Cost Segregation Study on your property? If not, why?

Property Tax Appeals - How to Save A Bundle In Overpaid Taxes

Thu, 22 Sep 2011 09:44:47 -0500

Property tax appeals represent a huge opportunity for many homeowners and other property owners to save substantial amounts of money each year. But despite the chance for property owners to put hundreds and even thousands of dollars of their own money back in their pockets each year, very few actually pursue this opportunity. Here's how you can leverage this opportunity.

Property Tax Protest - How to Wage A Winning Battle

Wed, 21 Sep 2011 15:32:09 -0500

Fighting an effective property tax protest is probably of more than academic interest if you've found yourself the victim of an overly high property tax bill. In this article I'd like to offer five tips on how you can successfully fight and win the property tax revaluation battle.

How To Minimize Your Property Tax Bill

Tue, 16 Aug 2011 13:21:03 -0500

Many people are aware of the numerous ways that exist to cut down the amount of income and sales tax you pay each year. However, less is known about property taxes. What many people do not realize is that, like with income and sales tax, there are a number of ways to reduce the amount of property tax you pay.

Learn About the Mortgage Tax Deduction

Mon, 15 Aug 2011 13:31:53 -0500

When it comes to tax deductions we need everything we can get these days. Here is what you can learn about the mortgage tax deduction.

What You Should Know About Property Taxes

Fri, 12 Aug 2011 16:13:24 -0500

Every county in the United States maintains a tax assessor's office. The tax assessor is responsible for appraising the value of all real estate located within the county. The assessor is also responsible for keeping accurate records of ownership and location. The tax assessor makes an appraisal of a particular property, enters the assessment into the records and raises or lowers the property tax by how much the price has risen or declined. The Treasurer's office will collect the taxes, but the tax assessor is responsible for setting the rate.

How To Win A Property Tax Appeal Right Now

Fri, 12 Aug 2011 14:32:21 -0500

Save thousands of dollars right now with a proper property tax appeal. Take advantage of the down real estate market and lower your property taxes now.

Capital Gains Tax - 5 Tips on How to Reduce It

Mon, 08 Aug 2011 08:14:10 -0500

Convert income into capital. Capital gains tax was introduced in 1965 and subsequent finance acts were consolidated into the Taxation of Capital Gains Act 1992.

An Investor's Guide to Investment Property Tax Deductions

Wed, 03 Aug 2011 08:56:45 -0500

Maintaining investment properties may reduce the investor's income taxes when certain expenses related to the investments are deducted from his income. Expenses relating to the maintenance of rental property are generally deducted from the investor's gross income. When allowed as tax deductions, the amounts claimed will lower the total taxable income and reduce the investor's tax bill. The Australian Tax Office allows only specific expenses as investment property tax deductions. These require proper recording and maintenance of records to substantiate expenses.

Escrow And Your Property Taxes

Fri, 01 Jul 2011 11:08:04 -0500

Using an escrow account to pay your property taxes is a popular tool for many property owners. Learn how it works and who is responsible for mailing your tax payment.

How To Reduce Property Tax Now

Tue, 28 Jun 2011 16:31:17 -0500

Property tax reduction has become a big concern with Americans all over the country. Because taxes are rising across the United States of America despite the steepest drop in home values since the Great Depression.

Tax Lien Certificates - A Profitable Investment

Wed, 08 Jun 2011 10:14:26 -0500

If you ask someone that participates in tax lien auctions or someone that owns tax credits, they will tell you that taxes can many times be very profitable. It is a fact that because so many people have researched local auctions for sales in real estate due to delinquent taxes, a whole new enterprise has opened up. The more people discover these tax lien sales or forced sales, the more popular they are becoming.

Personal Finance Tips - Legal and Legitimate Ways to Lower Your Property Tax!

Wed, 01 Jun 2011 08:38:01 -0500

There are always ways to try and save money and one of those ways is often overlooked by many homeowners and that would be property tax. Anyone knows that your property tax is based upon how much your home is supposed to be worth. In today's economy a lot of homes are going down in value and some may not know it but you can apply to get your property taxes lowered. The way in which the tax is lowered is going to vary from state to state but below is a basic guideline for you to at least get a start.

The IRS Seeks to Increase Monitoring of Rental Income

Fri, 27 May 2011 10:35:01 -0500

One of the IRS's major taxation groups is individuals with rental income. Small scale rental business is huge in the U.S. and definitely has a significant impact on the taxes collected every year.

Eight Ways to Lower Real Estate Taxes

Wed, 11 May 2011 13:44:41 -0500

Most real estate taxes are sadly over assessed. Find out if your home is assessed too high and look for ways to lower the taxes you will have to pay for your home.

Lower Your Real Estate Taxes

Wed, 27 Apr 2011 14:22:39 -0500

We want to reduce any expenses we can. One of the expenses we want to significantly reduce is our property taxes. Just imagine the relief we will have if a huge percentage of real estate taxes are slashed off. Fortunately, this is possible. But how are we going to reduce our property taxes? Are their tricks to help us? Below are some tips of how you can.

Property Taxes and How They Can Influence Your Property Development Decisions

Fri, 08 Apr 2011 08:36:10 -0500

If you are considering purchasing a property to develop you may want to take a closer look at property taxes. Every city will have different property taxes and, obviously, if you need to buy in a specific city or state because of work or other factors then property taxes may not be a factor in where you will purchase your property.

Property Tax - Pros and Cons

Wed, 06 Apr 2011 15:16:32 -0500

Property tax can be the fairest and at the same time the unfairest tax collected by municipalities. Two of the determining factors of how it can affect what an individual will pay for property taxes are where you live and a person's economic condition. Even though we all can appreciate the good points of owning a home vs. renting, when it comes to property tax, renting is by far the better option. States will collect property tax on the following:

Tax Statements and Private Money Lenders

Thu, 31 Mar 2011 20:16:14 -0500

It's tax time... Have you borrowed hard money? Have you lent private money? When lending and borrowing, are you mailing and/or receiving 1098′s or 1099′s? Do you know how to use them?

Determining Property Taxes

Mon, 28 Mar 2011 00:39:20 -0500

Property taxes may seem like fixed costs but they are important considerations for investors. A booming market with rising sale values pushes up assessors' valuations of properties. A slack market, by contrast, could see property values fall. This has a direct impact on the annual tax assessment, not only in the coming year, but often in the three years following the change in value. Taxes levied on a property will affect the return you see as an investor, and possibly your financing costs.

Understanding the Home Buyer Tax Credits

Tue, 22 Mar 2011 13:58:51 -0500

In an effort to boost the economy, several tax credits programs were created. The first program was for new homeowners. For tax year 2008, the maximum available credit was $7,500. For tax year 2009, the credit was increased to $8,000. For married couples filing individually, each claims one-half of the credit on their separate forms.

What Is a IRS Tax Lien on a Property?

Mon, 21 Mar 2011 14:44:43 -0500

An IRS lien on property can come after non-payment to the federal government for outstanding tax debt. This lien can be attached to things like a car, home, land, or even a business. The term "property" can even refer to future income or collateral that you might acquire after the filing.

Property Tax Assessments - Is There a Way to Save Money?

Fri, 18 Mar 2011 11:50:09 -0500

If you or someone you know feels they are spending too much on their property taxes there may be an opportunity to lower these taxes. This post provides some useful tips to understand how taxes are determined and if you are paying fare amount.

How to Appeal Your Property Tax Part 3: Equity

Wed, 16 Mar 2011 12:45:03 -0500

Often, after many years of different county appraisers, reappraisals, and appeals in your neighborhood, equity gets forgotten or overlooked. Although it is a time-consuming argument to develop, often requiring the purchase of many assessor property record cards, the results can be good. It pays to make certain that your property tax burden is equitable, because it is often not.

Apply For A Land Transfer Tax Refund For First-Time Homebuyers

Tue, 15 Mar 2011 10:17:12 -0500

If you have recently bought your own piece of property, you may consider applying for a land transfer tax refund for first-time homebuyers. Each purchase of ground requires the payment of a land transfer tax and if you are a new buyer, you can get a rebate on this amount.

Understanding Tax Credits As It Relates To First Time Home Buyers

Mon, 14 Mar 2011 16:04:07 -0500

The good news is that the tax credit ceiling for the year 2010 is at $8000. This amount is a slight increase from last year's $7,500. For married individuals who prefer to file their returns separately, this translates to a maximum tax credit of $4,000.

Tax Benefits of Buying UK Properties Through an Offshore Structure

Thu, 10 Mar 2011 16:12:27 -0600

There are many advantages to creating an offshore structure and protecting your property in it. Tax advantages are only one of these - let's look at this in a little bit more detail: In offshore jurisdictions like Guernsey and Jersey, no tax is payable on any income generated outside Guernsey and Jersey. There are no capital gains tax, no inheritance taxes and no exchange control regulations which allows for free and easy transfers of funds.

The Need to Get an ABN Number When Purchasing a Property From a Business

Thu, 10 Mar 2011 08:23:16 -0600

In some situations it is very important to obtain a tax invoice in relation to the sale of property. For example, someone might be purchasing a commercial building for $1 million subject to existing tenancies. The contract states that the sale is not taxable supply because the vendor is neither registered not required to register the GST.

What Do Property Taxes Pay For?

Wed, 23 Feb 2011 09:53:02 -0600

County property taxes help pay for essential community services. Let's change our attitude about property taxes levied by our local government and think of them as membership fees assessed by a large co-op. There are many people pay fees into co-ops and Homeowner associations to receive several benefits they provide. They rightly treat them as the cost of day-to-day essentials.

Property Taxes - The Unwelcome Tax Bill

Mon, 21 Feb 2011 15:46:01 -0600

Some call it the necessary evil. We all know we have to pay for schools, fire departments, police protection, roads, and the list goes on unfortunately. So in the case of an emergency its nice to know our tax dollars are at work and these services would be readily available.

Learn How To Save Money On Your Property Taxes

Fri, 18 Feb 2011 17:47:19 -0600

Did you know you can appeal your real estate values set forth by your taxing jurisdiction? I want to give you some basic guidelines on knowing how to make a confident appeal to save money on your property taxes.

Thoughts on Protesting Property Taxes

Fri, 18 Feb 2011 12:00:04 -0600

For most people, negotiating property tax value or ad valorem tax value is more of an art then as a science, since there are so many things involved in the appeal process. You have to have good negotiating skills if you are to be successful with it. This is why you go to people who have made it their business to make sure that they can negotiate on your behalf. It is not just the trivial things that they will negotiate for you but something much more important and something that could save you a lot of money in the long run.

Mortgage Delays Due to IRS - Who Will Suffer?

Tue, 15 Feb 2011 14:53:43 -0600

"I heard that mortgage underwriters are checking with the IRS to verify our income. Current year returns haven't been processed yet. This is delaying approval of mortgages. Right?"

Property Tax Records - What to Keep and Where to Find Them?

Tue, 15 Feb 2011 10:26:56 -0600

Property Tax Records are one of the most important documents that you need to keep and store. Obtaining a copy either hard or soft is vital, especially if you happen to be a victim of an audit, or you are going through a legal process such as a divorce, or other suit.

Community Facilities Districts Info for State of California

Fri, 11 Feb 2011 08:54:09 -0600

I. BACKGROUND Proposition 13, which was enacted in California in 1978, imposed fiscal constraints on local governments by limiting the amount of tax on property. Before the passage of Proposition 13, local governments issued long term general obligation bonds to fund public improvements required to serve new development projects.

What Is Community Infrastructure District ("CID")?

Mon, 07 Feb 2011 10:47:57 -0600

The Background of CID As the development of real estate continues to expand in Idaho, the impact caused by such expansion requires the necessary construction of public infrastructure to accommodate such growth. ?In 2008, Idaho legislature enacted the Idaho Community Infrastructure District Act ("Act"). The purpose of the Act was to create new mechanism for the financing of public improvements for the public agencies and developers alike.

Get Tax Lien Certificates at Auction in Your Budget

Mon, 07 Feb 2011 10:19:11 -0600

Many people are starting to see tax lien certificates as a legitimate and valuable investment. In order to get the best deal, you'll need to use some strategy during the auction.

Tax Sale May Be Option for Inexpensive Home

Fri, 04 Feb 2011 18:36:52 -0600

Buying an inexpensive home through a tax sale may be a wise move. Here are some things to think about.

Top Property Tax Tips

Thu, 03 Feb 2011 16:27:47 -0600

The legislation charges tax on the annual profits arising from a business. Income from property is now treated as a business but it is not a trade.

What Is a Tax Increment Reinvestment Zone ("TIRZ")?

Thu, 03 Feb 2011 16:07:12 -0600

Chapter 311 of the Texas Tax Code allows municipalities or countries to form a Tax Increment Reinvestment Zone ("TIRZ"). The municipality proposing the TIRZ must notify each taxing unit that levies real property taxes in the proposed TIRZ and determine that tax increment that each taxing unit will contribute to the tax increment fund.

Lower Your Property Tax Bill - A New Year's Resolution You Can Keep

Thu, 27 Jan 2011 15:49:22 -0600

A profitable New Year's Resolution is to appeal your New Jersey property tax assessment if you believe it is too high. Using an experienced lawyer for the appeals process is easier for you and can result in a lower assessment than going it alone.

Stamp Duty - How Much Is Your State Charging You?

Wed, 19 Jan 2011 19:48:09 -0600

Stamp duty costs, which are paid on both the purchase and the mortgage amount, are soaring according to the second Residential Stamp Duty Report. The report reveals that over the last five years stamp duty levels in Australia have increased by 36 per cent and Victorians are being hit the hardest. The median residential stamp duty bills are broken down by state in this report.

Why Is Cost Segregation Still a Secret?

Mon, 17 Jan 2011 17:49:03 -0600

The tax industry experts suggest that as little as 30% of commercial property owners utilize the current accelerated depreciation law provided by Congress known as the Modified Accelerated Cost Recovery System, (MACRS) in 1986. So why after 25 years do property owners still reply when asked about this depreciation method, they say, cost what, what is that?

The Best Tax Free Investment

Fri, 14 Jan 2011 08:34:06 -0600

Simply explained if you sell your home that you are living in or have lived in then the whole or part of the gain is exempt from tax. Please be reminded that irrespective of occupation the final 36 months of ownership qualify for relief. Special provisions apply if you own two residences and if you have had periods of time when you were not in occupation.

IRS Facts: What Is A Tax Levy?

Tue, 21 Dec 2010 11:34:34 -0600

Tax levies are inherently serious, and understanding your tax situation comes in handy. Here is a short guide to tax levies and what they could mean for your future.

Property Tax Information

Wed, 15 Dec 2010 10:19:59 -0600

A gathering of property tax information and resources. Following these simple suggestions can help property owners become more comfortable when it comes to tax time.

Questions About Property Tax Sales

Mon, 13 Dec 2010 12:46:39 -0600

With the economy the way it has been and the financial ups and downs of the realty world, the term property tax sales has become a hot new term. What this is, is a new homeowner or investor is looking for property to buy for a low price and the way to do this is by buying the property for its property taxes.

Property Taxes - Are They Deductible?

Mon, 13 Dec 2010 12:40:24 -0600

Not all tax enforced through a local authorities would qualify for the tax deduction. Taxpayers must ascertain that every demands are fulfilled before acquiring a tax deduction on the income tax return.

Exemptions From Capital Gains Tax in Spain

Mon, 06 Dec 2010 13:08:15 -0600

Capital Gains Tax in Spain is payable on the profit from the sale of certain assets in Spain, including antiques, art and jewellery, stocks and shares, property and businesses. Residents over 65 are exempt from this tax on the profit made from the sale of their principal home, irrespective of how long they have owned it. Importantly the Spanish Tax Office defines "a principal home" as the place where you have lived permanently for at least 3 years; thus residents below 65 are exempt from CGT on the profit made from the sale of their principal home, provided that all the profit is invested in the purchase of another principal home in Spain within two years of the sale.

Take Advantage of 2010 Tax Credits for Energy Efficiency Improvements

Tue, 30 Nov 2010 10:24:36 -0600

Don't let this amazing opportunity slip through your fingers while you're being distracted by all the holiday hullabaloo. Consider giving your family the gift of lower energy bills by investing in home improvements. Not only will your home be more comfortable and your monthly expenses lighter, you'll also get some money back in your pocket to boot!

Delinquent Tax Sale Rebuilds County's Accounts

Mon, 29 Nov 2010 14:21:32 -0600

Throughout the state, there is a common problem that is also being faced in many areas around this country. There are properties facing foreclosure. This is not always because the mortgage payments are late, but rather that the owner or owners have failed to pay taxes.

Illinois State Tax Lien Auctions Working for the People Again

Mon, 29 Nov 2010 13:47:46 -0600

County tax lien auctions are never pretty, but one Madison County, Illinois auction has become messier than normal. Republican members of the Madison County board have claimed that the auctions themselves were set up to undermine honest homeowners who, due to unfortunate circumstances, ended up paying their property taxes a bit later than normal. It's not so much the concept of the auction that is feeding the fury of GOP board members, but the way in which the auction was conducted.

Florida Homestead Real Estate Tax Portability Explained

Mon, 29 Nov 2010 13:40:06 -0600

A recent Florida Homestead law change allows residents that are moving from one primary residence to another to bring the built-up Homestead property tax benefits on the assessed value of their existing home along with them to their new home. The term is called "portability".

Five Risks of Tax Lien Investing

Fri, 26 Nov 2010 13:09:22 -0600

Tax lien investing can be a profitable addition to your real estate investment portfolio. However, it is not without risks. Most websites, books and advertising on the subject tends to neglect discussing the risks associated with delinquent property tax liens and tax certificates. This investment works just like any other market or investment-higher returns generally correlate with higher risks. Here are five of the top risks to take into consideration before taking a step into tax liens:

County Tax Sales Boast Bargains

Tue, 23 Nov 2010 10:10:05 -0600

The Luzerne County Courthouse in Pennsylvania saw a surge of people armed with cash who were in search of properties at discount prices. At the time, there were more than eight hundred properties ready to be sold and one of those went, unbelievably, for just over seventeen hundred dollars.

The Benefits of Tax Auctions

Thu, 18 Nov 2010 15:46:32 -0600

A property tax auction sells the liens on property owners' estates if they haven't paid their taxes. Once in delinquency, back taxes can result in the government placing a hold on the estate, which simply states that, should the property sell, they must be paid from the proceeds.

Hedge Funds and Tax Liens: The Future Correlation

Thu, 18 Nov 2010 15:41:20 -0600

Investors today are facing the toughest economy in decades and, as a result, low returns on hedge funds. So, how is one supposed to make the returns of yesterday in today's economy? What will be the next big source of investment income? These are the questions that top practitioners are asking. However, the answer may be right under their noses.

A Conservative Argument for Why Eliminating the Mortgage Tax Credit Could Be a Good Thing!

Thu, 18 Nov 2010 15:33:33 -0600

Could it be that eliminating the mortgage tax credit could actually be a good thing? I am not in favor of raising taxes, but I think changing the mortgage tax credit in favor of a home ownership tax credit would help to encourage home ownership, discourage debt, increase charitable giving, and curb the excesses of our consumption culture.

Understanding Property Tax Auctions

Wed, 17 Nov 2010 12:59:10 -0600

In order to better understand the concept behind a property tax auction, one must first understand government - at least on a surface level. That is to say, one must understand that there is an overlying, federal government, under which there are state governments, and finally there are governments for each county. Each of those governments survives based on the tax dollars that are paid by the residents of each.

Tax Deed Sales: Three Points To Keep In Mind

Wed, 03 Nov 2010 11:57:22 -0500

Having to pay taxes on a property comes with being a homeowner. Yet if you fall behind, your home could be put up for auction.

Tax Issues For Owners of Spanish Property for Non Spanish Residents

Fri, 22 Oct 2010 15:59:48 -0500

We can all dream of a place in the sun but there is another side to owning villas overseas which is altogether less pleasant and that is the responsibility of paying tax in Spain. The tax infrastructure in Spain revolves around self assessment and it can be complicated for people who don't reside in Spain. Mistakes in working out Spain tax can be expensive leaving property owners liable to fines and other issues when you come to try and get rid of your domicile in the future.

Real Estate and the AMT: Rental Or Investment Property

Thu, 14 Oct 2010 13:16:06 -0500

The Alternative Minimum Tax is a very important consideration for taxpayers who own real estate because just about every tax rule applying to real estate is different for the AMT than it is for the Regular Tax. This article on Real Estate and the AMT will address those situations where the individual holds the real estate as an investment, typically as rental property. The differences in tax treatment between the Regular Tax and the AMT can be significant.

Tax Benefits on Home Loan

Thu, 30 Sep 2010 08:06:18 -0500

Owning a home is an important thing in life. It is a long cherished dream for many. These days, there is a great increase in the property prices in India. And so, buying a house in a single payment is difficult for many people. Therefore, many people go for housing loan and it makes the process of buying a home easier.