When you sign your closing documents as either a home seller or a home buyer, there will be a notation on the Settlement Statement regarding property taxes. There’s always a bit of a kerfuffle over property taxes so it helps to understand how they work. If you’re a homeowner here in Arizona you’ve probably just… Read More
This year’s income tax season is nearly at a close and many of us have already moved on to determining and tracking deductions for the 2018 tax year. Mortgage and Home Equity loan interest tax guidelines will be changing but the general public’s initial knee-jerk reaction to these adjustments was largely premature. Fortunately the bottom… Read More
Nobody wants to pay more taxes than they need to. Some of us are confident preparing our own Income Tax every year, I’m keenly aware that that’s way outside my wheelhouse. I am more than happy to tuck away enough money in the budget to retain an accountant. Maybe you opt for the EZ form,… Read More
FIRPTA – A Tax on Home Seller’s that Home Buyer’s May be Liable For FIRPTA has been around awhile but I ran up against it so many times in the past year that I’ve learned a lot more about it lately. The friendly folks at Pioneer Title were especially knowledgeable and helpful, explaining the finer… Read More
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
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
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
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
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
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
