Property Taxes

Property tax, usually local, is a tax imposed on the market value of a property. Learn more here about property tax requirements, write offs, and other situations involving property tax in the articles, columns, blog posts, radio shows and videos.

3 steps to reduce property taxes

Are you paying too much in property taxes? Chances are your answer is yes. Most homeowners feel overburdened by ever-rising property tax costs and want to take steps to reduce property taxes, though not every homeowner’s taxes are as oppressive …

Continue reading

Posted in Blog, Property Taxes | Leave a comment

Issues With Property Tax Exemptions for Seniors

What if there are issues with property tax exemptions for seniors? Senior homeowners are typically entitled to take an extra exemption. By: Ilyce Glink and Samuel Tamkin Q: When my mother died some years ago, her senior exemption was not …

Continue reading

Posted in Property Taxes | Tagged , | Leave a comment

Can I Afford a Condo? Is a Condo Right for Me?

Can I afford a condo, is a condo right for me? Condos are more affordable than single-family homes, but you have to pay monthly assessments.  Comment: Just read your column in today’s paper responding to a question for advice whether to buy …

Continue reading

Posted in Mortgage, Property Taxes | Tagged , , | Leave a comment

Refinancing With Lien on Property: Title Insurance Issues

Are you refinancing with a lien on your property? If you also have title insurance issues, you need to resolve them before you can refinance. Q: Our home has a lien on it from the Georgia Department of Revenue. The …

Continue reading

Posted in Property Taxes, Refinance Mortgage | Tagged , , | Leave a comment

Buying Tax Liens: The Risks of Tax Lien Investing

When buying tax liens, it’s important to understand the risks of tax lien investing. Tax lien  pitfalls a tax buyer needs to know. Q: I’m interested in getting involved in property tax lien purchases in Queens, New York. It seems …

Continue reading

Posted in Investment Property, Property Taxes | Tagged , , | Leave a comment

Adding Children’s Names to House Title and Deed

Adding your children’s names to your house title and deed can affect your property taxes, income taxes and real estate taxes. Talk to an estate planner to help make your decision about gifting property.  Q: I currently own a home …

Continue reading

Posted in Property Taxes, Real Estate | Tagged , , | Leave a comment

Gifting a House to a Relative

Gifting a house to a relative will affect your income tax and real estate property tax. Know the consequences of gifting vs. inheriting. Q: I thought you might have said on your radio show that you didn’t advise giving a …

Continue reading

Posted in Income Tax, Property Taxes | Tagged , , | 1 Comment

How Do I Check for an IRS Property Tax Lien?

To check for an IRS Property Tax Lien, you can use the Internet. Each state’s method of filing IRS tax liens will differ slightly.  Q: How can I check for an IRS property tax lien using the Internet? I am …

Continue reading

Posted in Property Taxes, Real Estate | Tagged , , | 1 Comment

Does a Developer Pay HOA Dues?

After a developer transfers control of the homeowners’ association to residents, developers may or may not have to pay HOA dues on property. Q: The builder of our subdivision has transferred control of the homeowners’ association (HOA) to the residents. Now that …

Continue reading

Posted in Property Taxes | Tagged , | Leave a comment

Transfer Home Ownership to Family

How to transfer home ownership to a family member. Before transferring home ownership to a family member, talk with an estate planner and real estate attorney to determine the costs and savings.  Q: My brother and I own a home together. …

Continue reading

Posted in Property Taxes, Quit Claim Deed, Real Estate | Tagged , , , , , | Leave a comment