Property Taxes For Rental Properties

Posted on April 29, 2008 - Filed Under Property taxes | 5 Comments

Property taxes for rental properties are normally higher than single-family properties. This causes much confusion for property owners in any state. They cannot understand why they are subject to higher property taxes since most are not making a profit on the properties in question. With people buying two family houses to help with the mortgage [...]

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What Is A Rental Property Tax Deduction

Posted on April 22, 2008 - Filed Under Property taxes | 1 Comment

A rental property tax deduction is any expense that evolves from owning a rental property. If you spent money to maintain, conserve and manage a rental property, you can use that as a property tax deduction. The most common deductions will be yard care, maintenance, repairs, insurance payments, cleaning and the mortgage payment if there [...]

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Different Circumstances For Property Tax Reduction

Posted on April 15, 2008 - Filed Under Property taxes | Leave a Comment

There are some reasons why people receive a property tax reduction. Veterans, seniors, and low income homeowners can apply for a tax reduction or a tax deferral. Keep in mind that not everyone who applies receives the reduction or deferral. The state and community you reside in may vary from other states and communities. If [...]

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Where Does The Property Tax Money Go

Posted on April 1, 2008 - Filed Under Property taxes | Leave a Comment

When you pay your property tax, it is paid to the clerk’s office where it is then placed into a special account until it is divided up between school districts, city and townships, and the county. There is a portion of the tax dollars that is directed to other districts, which might include a nursing [...]

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