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  • August 13, 2010

    It’s important for all potential home buyers to include property taxes when budgeting how much they can afford to pay for a home. The amount of property taxes should be weighed against...

  • August 13, 2010

    The new modified carryover basis regime is something that property beneficiaries need to be aware of. In the past, beneficiaries of property received a “step-up in basis” of the property that they inherited. This is no longer the case. Instead,...

  • August 13, 2010

    A key misconception that property owners have is that the purchase price (or market appraisal value) of a real property dictates the assessed value for property tax purposes. In the current economy, with home values at an all-time-low, it is...

  • August 13, 2010

    The property appraisal process is similar from state to state; however, reassessment timeframes can vary. Some states reassess property every year, some states reassess even numbered homes one year and odd numbers the next, and other states...

  • August 13, 2010

    Property taxes are the primary source of revenue for local governments in the United States.

    The money collected from property taxes provides funds for fire protection, law enforcement, public education, road construction, and other public...

  • August 11, 2010

    Many homebuyers and homeowners take advantage of the federal tax deduction for mortgage points.

    Mortgage points refer to certain charges that are...