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.

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Unpaid Property Taxes Found One Year After Land Contract Signed

Added November 5, 2009 by Ilyce R. Glink

Unpaid Property Taxes Found One Year After Land Contract Signed
Land contract -- also known as installment contracts for deed -- are complicated documents. If you are not careful, you could end up in a mess. Some issues that can lead to problems in a land contract are title issues, including unpaid real estate and property taxes. But unpaid taxes could be the lesser of some of the title problems you can encounter using a land contract. This reader found unpaid property taxes from years earlier about a year after entering into the land contract.

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1031 Exchange - Recapture Depreciation Tax

September 25, 2008

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Summary:

When you own an asset for business or investment use you can claim some depreciation as that asset drops in value. When you later sell that asset the IRS wants to get back, or recapture, some of the depreciation. Our 1031 exchange expert explains how recapture depreciation tax works.

Watch Video: 1031 Exchange - Recapture Depreciation Tax