Calculator, pile of papers, taxes, deductions

Homeowners, It’s Property Tax Time – Considering an Appeal?

Homeowners, It’s Property Tax Time – Considering an Appeal? I’ve never felt the need to appeal my property taxes but I’ve known quite a few folks who have, some successful, some not so much. For the most part it was the homeowners who discovered inaccuracies in the information specifically about the property, who prevailed. I’m… Read More

Top portion of title report, title and escrow, title company - Bill Salvatore, Arizona Elite Properties 602-999-0952

Home Buying: Think That Title Report is Trivial? Then You’ve Never Heard of Lis Pendens

Home Buying: Think That Title Report is Trivial? Then You’ve Never Heard of Lis Pendens. When the Title Company was chosen to handle your Real Estate Transaction you probably didn’t care much who they were. You may have been blissfully unaware of their purpose or their process. In most cases, the first time a Home… Read More

military money home - Bill Salvatore, Realty Excellence East Valley - Arizona Elite Properties

Congress Considers the Bipartisan ‘New Markets Tax Credit’ Worthy of Permanent Status

Congress Considers the Bipartisan ‘New Markets Tax Credit’ Worthy of Permanent Status. There’s very little to create controversy over in the New Markets Tax Credit. What it aims to do is to shore up the economy and housing markets in financially depressed and outlying rural communities. Positive reports are coming out of Alabama, New Mexico, Florida,… Read More

Calculator, pile of papers, taxes, deductions

PATH Act Changes FIRPTA Withholding

If you are a potential home buyer trying to determine what your closing costs will be, you need to know about this. Are you aware that you could unknowingly be held liable for a tax aimed at foreign home owners? Don’t be caught by surprise. Be certain from whom you are buying a home and… Read More

Value of my home - Bill Salvatore, Realty Executives East Valley - 602-999-0952

Property Tax Primer: Is Your Assessment Correct?

By John Voket There are millions of articles out there on the best ways to prepare your home for sale. But what about preparing to stay, and dealing with a reassessment or revaluation that may be inaccurately boosting your local property taxes? For some answers, I turned to Vision Government Solutions, a supplier of land… Read More

efinance, Selling a Home, Real Estate, Mortgages - Bill Salvatore, Realty Executives East Valley - 602-999-0952

Will You Owe Taxes on the Sale of Your Home?

I get asked this question all the time and I know the basics but I am not a tax expert. This is great information from Charles Schwab. The rise in home prices may have slowed in recent months, but many homeowners still saw healthy appreciation in 2014.1 For some, putting a property on the market… Read More

Home office deduction. Do you qualify?

Dedicated Space With very few exceptions, the part of your home you use for your business must exclusively and regularly be used for the business, not personal activities. As an example, if you worked 40 hours a week in the home office but allowed your children to play video games on your home office computer,… Read More

Mortgage Financing and Subprime Mortgages - Bill Salvatore, Realty Executives East Valley - 602-999-0952

Yes! You can challenge property taxes.

Typically, every few years American homeowners have the value of their property assessed by local government. The property tax you pay is based on the local tax rate, which you have no control over (except at the voting booth!), and the assessed market value of your home, which you can appeal and thus potentially lower… Read More