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Articles about or concerning Property Taxes, Property Tax Appraisal, Property Tax Reform, Land Value Taxation.
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Find out if you’re at risk of prosecution, and whether you can avoid it

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 Bruce Markey (December 30, 2016)  The days of evading U. S. taxes by keeping one’s assets in foreign countries have come to an end. The International Revenue Service used to have trouble catching delinquent taxpayers with undisclosed offshore incomes and assets, but over the last twenty years, this has changed. Now, the best way for citizens with undisclosed foreign money to avoid criminal prosecution is to take .. (Taxes Property)

Visit Assurancesvoiture.Net and Pose Queries Pertaining To Car Insurance

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 Sarah Cook (June 12, 2012)  Assuming that you have finally purchased a new car and are euphoric about it, there are certain aspects which need to be attended to without any further procrastination like acquiring a car insurance policy. Launching a quest on the Internet is the most convenient option. The search is likely to show up many results and clicking on the id of reputed firms like www.assurancevoitur.net is . (Taxes Property)

Property Tax Relief, Come and Get It

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 Jeff Rauth (December 15, 2008)  Property owners seeking property tax relief need to learn the process and system of appeals. Owners need to go before their city council and present an argument that their current assessed value is unwarranted and high. Now, as properties values decline across the nation, never has this been an better time to prove this and get property tax relief. The National Union of Tax Payers .. (Taxes Property)

Why City Property Taxes Are So Important

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 John Parks (November 04, 2008)  City property taxes are a very important means of collecting much need capital for your local neighborhood or city. Although nobody really likes to pay taxes, we realize that have to, or else we face legal troubles. What many people do not realize, however, is exactly what your city property taxes are used for. And people also fail to realize that without such taxes in place, your city .. (Taxes Property)

Tax Deduction - Essential to Landlord's Success

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 Eric J. Slarkowski (September 23, 2008)  While the amount may not seem significant to some, every property owner knows that the tax deduction allowed for rental property can make a significant difference on the bottom line. Those who own rental property should be sure to take advantage of the tax benefits of being a landlord. Some of the common expenses that can be deducted when figuring income taxes are: Mortgage interest. .. (Taxes Property)

Take Advantage of Lien Properties Tax Secrets to Mass Profit

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 Pete Huang (July 22, 2008)  Lien properties tax, or just tax liens properties scrambled around (funny?), are properties owned by people who have a tax lien certificate on the house. How does this relate to you and the potential profit? The properties are close to being 100% owned by the bank. When it does happen, you just gotta hunt down the ones that are in the best condition. Tax line properties are best used .. (Taxes Property)

TIC Closing and Pre closing Documentation

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 Gary K Landry (July 22, 2008)  TICs can seem quite complex to the newcomer to the game, but once you get the hang of them they are really pretty simple. There are a few steps in particular that are important in the TIC process, one being the TIC: closing and pre-closing documentation step. TICs can seem quite complex to the newcomer to the game, but once you get the hang of them they are really pretty simple. There .. (Taxes Property)

Understanding the TIC Closing Risk

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 Gary K Landry (July 22, 2008)  A TIC investment is an investment that allows the average owner of appreciated real estate to sell their property to a third property and exchange into an undivided interest in an institutional quality asset. TIC investment replacement properties enable the average investor to participate prominently in the real estate market and potentially receive great profit as a result. As with .. (Taxes Property)

Property Taxes on Real Estate The Basics

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 James Hussher (July 22, 2008)  Death and taxes are certain, true.   Homeowners will always face taxes on the value of their property.   This is the chief revenue source for local governments to fund services.   But as an expense that can run into thousands of dollars every year, it behooves every homeowner, whether a long-time owner or brand new first-timer, to understand some basic information about property .. (Taxes Property)

Property Taxes Impounds Anyone?

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 Adam Ferguson (July 21, 2008)  Paying Property Taxes with Impounds Tax impounds have become the standard method for homeowners to pay their property taxes. Most banks prefer that you pay your taxes with your mortgage payment. Almost every mortgage company will actually charge you if you do not want to pay your property taxes with your mortgage. There is a higher risk for the mortgage company if you pay your own .. (Taxes Property)

1031 Tax Deferred Exchange Many Options That Each Provide Many Advantages

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 Gary K Landry (July 15, 2008)  One aspect to choosing 1031 Tax Deferred Exchange is that you will confront numerous options from which to make up your mind and yet be sure that whichever option you choose it will help make you a considerable amount of money such as saving on paying capital gains tax at the time of selling your current investment property in order to acquire a fresh one. In fact, it would be to your .. (Taxes Property)

Tenant in Common Securities Or Real Estate A Matter That is Open to Interpretation

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 Gary K Landry (July 15, 2008)  Mostly, people that make TIC (tenant in common) investments will have 1031 exchange in mind and even though TIC as an industry is just a small part of 1031 market, it is still increasing at a good rate and thus worthy of serious consideration. At present, TIC can be brokered either as a securities or real estate transaction and thus there is a grey zone that exists with regard to .. (Taxes Property)

What is a TIC Attorney Opinion Letter?

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 Gary K Landry (July 15, 2008)  One of the most important components of any TIC investment is the TIC: attorney opinion letter. Most PPMs of securitized TICs will, or at least should, include the TIC: attorney opinion letter, and so it is something that all investors and potential investors should be aware and understanding of. What it is The TIC: attorney opinion letter is used in particular situations. .. (Taxes Property)

Working With TIC Asset Type Prognostication

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 Gary K Landry (July 15, 2008)  There are a few different real estate investments to choose from, but one that offers the most value and least risk is the TIC. The TIC or tenants in common investment is also known as the 1031 exchange, and is an essential instrument maximizing capital growth of real property assets. In terms of the investment opportunities offered by the TIC, this includes a signature deed trust, .. (Taxes Property)

The Main Advantage of 1031 Tax Deferred Exchange and Tenant in Common

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 Gary K Landry (July 15, 2008)  A few years back or more precisely in March of the year 2002, the IRS came out with its Rev. Proc. 2002-22 that laid out the parameters that spelled out how structure TIC transactions would enable investors to complete 1031 TIC exchange while also recognizing the fact that the exchange involved valid investment property (like-kind). This is perhaps the most important aspect as far as .. (Taxes Property)

Electronic Conveyancing How it Will Save You Money

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 Giselle Sanchez (July 14, 2008)  Australia is all set for a nation-wide system that will finalize all property conveyancing transactions electronically, a plan that will reduce the costs of buying and selling property by up to $250 million a year. This is great news if you are a property investor and is a giant step forward in creating a seamless national economy. The national electronic conveyancing scheme will be .. (Taxes Property)

3 Steps to Saving Up to Thousands of Dollars by Reducing Your Property Taxes

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 Toni Shepherd (July 03, 2008)  Did you know you can save up to thousands of dollars by challenging your property tax bill? Follow these 3 easy steps and cash in on your taxes in less than 30 days. 1. Find Out if You are Being Overtaxed Taxing authorities use different methods to calculate home values. Some look at recent sales of similar homes. Most County Assessors mail out tax notices and bills as early as July 1. . (Taxes Property)

Understanding Florida Real Estate Taxes With Floridas Amendment 1

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 Calum MacKenzie (June 30, 2008)  Florida's real estate tax laws can be tricky to understand. There are several factors which affect the size of your property tax bill, so if you're buying property in Florida or are relocating, it's important to understand how taxes are calculated. Property values are in constant flux just as the real estate market is, so getting an accurate, current assessment is important. The .. (Taxes Property)

Get High Returns From Government Property Tax Sales and Tax Lien Properties

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 Jason Davidson (June 21, 2008)  When you purchase property, whether it is vacant land or a home, you must pay the property tax to the government in your county. When you do not pay these taxes you are in default and the county has the option of putting your home or land up for sale. An auction is held and bids are accepted on the property. If you are the successful bidder, you must pay the amount by cashier’s .. (Taxes Property)

Taxes and Rent to Own Lease Options

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 James Gage (June 18, 2008)  There are some interesting and lucrative advantages of using options as both an optionor and optionee of real estate. Generally speaking, option money is not taxable to the optionor until the option is exercised, expires or is abandoned. I. R. C. Section 1234 (subject to “dealer" rules, discussed below). If it expires or is abandoned, it is taxable to the seller as ordinary income . (Taxes Property)

Tax Relief - Different Relief Categories For Property Tax

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 Rob L Daniel (April 15, 2008)  There are different ways to get relief from your property taxes and to deduct a significant amount from the delinquent taxes you have yet to pay on your real estate and personal property. One category is homestead exemption, which your real estate realtor should have advised you to apply for as soon as you bought your property. With homestead exemption, the homeowner is allowed to have . (Taxes Property)

Tax Relief - Can You Get Relief From Property Taxes?

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 Rob L Daniel (April 15, 2008)  It is not very difficult to get relief from property taxes. Property tax is simply a tax placed on property, to be paid for by the property's owner. It is an ad valorem tax, meaning the tax is based on the property's assessed value. Taxable property includes land, improvements to land, and personalty. Improvements to land are actually fixed man-made structures, such as houses and .. (Taxes Property)

Foreclosure and the IRS - How Can You Avoid Owing The IRS After You Lose Your Home

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 Richard Close (March 12, 2008)  Things aren't looking so good. . . According to government statistics home foreclosures are at an all time high. Millions of Americans have no choice but to foreclose on their homes because they owe more on their mortgage loan then their house is worth. Is there anyway that you can turn this tragedy around on your tax return? Everybody is suffering. . . Normally when you can't afford .. (Taxes Property)

How Can A Tax Exemption Hurt You

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 Henry B. Nathan (February 23, 2008)  You are so happy to be one of the privileged Florida taxpayers protected by the SOH (Save-Our-Homes) amendment. You bought your home 25 years ago and while its value has tripled over the years, you have only seen an increase of about 50% in your tax bill. We know that in 1992 Florida voters approved the S. O. H. amendment to the Florida constitution that limited the amount of value a .. (Taxes Property)

5 Common Tax Issues for Realtors

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 Richard Close (February 15, 2008)  I own some rental properties. Can I get any kind of deductions from those properties? You can and here's how: If you're paying a mortgage on the property you can claim the interest on the loan as a deduction. Now you do have to report the rent you receive as income on your tax return, so don't forget that. But any repairs or improvements you make on those rental properties are valid .. (Taxes Property)

Identifying Errors in Your Property Tax Bill Will Save You a Bundle

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 Richard J. Roll (January 31, 2008)  Your home may be your most valuable asset, but it can also be a money pit if you don't know what to look out for. One of the biggest single things that homeowners and renters lose money on every year is property taxes. The truth is that most residences in America today are over-assessed which leads to unnecessary out-of-pocket expenses every year. In fact, more than 65,000 different .. (Taxes Property)

Exploding The Myths About Your Property Tax Bill

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 Richard J. Roll (January 31, 2008)  Bloated property tax assessments, gasoline prices, and increases in the cost of living are some of the new realities that America's homeowners are contending with. Most feel helpless to combat these economic new powerhouses. But, you don't have to sit there like a victim. Because right now, thanks to the crack researchers at the American Homeowners Association (AHA), I'm going to bust .. (Taxes Property)

Settling Your IRS Tax Debt After The Sub Prime Catastrophe

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 Richard Close (January 24, 2008)  The party is over. . . This one is for all the real estate agents and mortgage brokers who are in a financial bind because of the sub prime bubble bursting. A year ago you were making money hand over fist. Now you're lucky if you can even sell a house. And because you made all that money last year you owe back taxes to the IRS. And what would have been a drop in the bucket for you .. (Taxes Property)

Real Estate Tax Deductions - Rent vs Own

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 Jennifer Cook (January 10, 2008)  It is well known that home ownership allows many income tax advantages that those who rent do not receive. Two of those key deductions pertain to the mortgage interest and property taxes paid during the tax year in question. Although there are many other deductions when buying or selling a home, we will focus on those that you receive during home ownership as an owner-occupant. The .. (Taxes Property)

Untangling Florida Property Tax Riddle

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 Henry B. Nathan (December 17, 2007)  The unending creativity of different groups trying to find a solution for the Property Taxes problem in Florida is starting to overwhelm and confuse most of us. Let's try to understand: A) First we had the Florida Legislature rolling back property taxes (to their 2006 level!). However they left the door open for cities to override the rollback by a two third majority vote, which was .. (Taxes Property)

How Real Are Real Estate Taxes?

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 Steven Mason (December 11, 2007)  My rich uncle would say, Even if I purchased my daughter a $1M home, she would still not be able to afford it because of the real estate tax. Unfortunately, one of the most overlooked expenses for first time home buyers is they will have to pay. With the high home prices these days, the amount you pay can be significant; and therefore be the deciding factor whether or not you can afford . (Taxes Property)

Tax Lien Certificates For Sale

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 Stuart J Miller (December 06, 2007)  In order to collect unpaid taxes and associated costs, the government will offer to the public, Tax Lien Certificates For Sale. Currently there are somewhere between 24 to 30 states which offer these certificates for sale. There is literally 1000s by state counties all over the country and in order to start investing in them, you need to find out where and when these sales are taking .. (Taxes Property)




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