Archive for the ‘Property Taxes’ Category

Has the Drop in Property Values Hurt County Budgets in All Areas?

Thursday, November 6th, 2008

In Riverside County California the real estate prices have dropped 50% since their highs in early 2005 and with the real estate prices down that much most people think that the county would be in bad financial trouble, but it is not. You see, many of those homes that sold were new homes that did not previously exist so even if the housing prices dropped 50%, it is 50% that they did not have prior to 2004. Since the country grew a record of 35% during that time it’s still a lot of new money for the county.

Property Tax Abatement 101

Thursday, November 6th, 2008

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You may have heard the term “property tax abatement” and wonder what it’s all about. Basically, to abate something means to reduce (or eliminate) it. So property tax abatement is a short-term or long-term arrangement in which your property taxes are lowered despite your making improvements to the home.

What You Should Know Regarding a Property Tax Assessment

Thursday, November 6th, 2008

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If you are a homeowner, then like millions of people, you have had to go through the process of property tax assessment. Many have uncertainty about how property assessment works, but the results of that assessment will determine how much you as a homeowner will have to pay in taxes to your local government.From the standpoint of the localities that levy these taxes, this assessment is generally a plus because there is no chance for a shortfall as you might see when income tax or sales tax is applied.

Why is Cost Segregation Important to You?

Thursday, November 6th, 2008

Do you own one or more commercial properties? Not familiar with cost segregation? If your answer is YES, you are not alone. Even if you were not familiar with cost segregation before reading this article, you need to know what it is and why it can put tens of thousands of dollars in your pocket.

Tax Saving Tips For Property Owners

Thursday, November 6th, 2008

The Australian Tax Office needs the money! So if you haven’t properly considered your financial moves you may be getting an invoice from the ATO.