With the housing market getting worse we thought we’d catch a break on our property taxes. We thought surely our property taxes would be lower, right? Wrong. Luckily, it turns out you can fight City Hall, or at least your country appraisal board. We were able to successfully lower our property taxes by preparing our ...
Property taxes in Ohio ranked 12th in the country in 2008 in terms of taxes as a percentage of home value at 1.29% according to the Tax Foundation. But starting with property tax bills paid in 2008, Ohio residents who are age 65 or older or disabled can take advantage of an expanded homestead exemption. ...
There is an 18-story elephant in Altamonte Springs that city officials do not want to talk about. This 18-story elephant is officially called the Majesty Building, and the CEO of the SuperChannel dubbed it “a monument to Christian charity,” in a quote from an Orlando Business Journal article. But, to many Altamonte Springs residents it ...
Property taxes in Missouri ranked about in the middle among the 50 states in 2008 according to The Tax Foundation. Property taxes in the state as a percentage of median home value were 0.87%, ranking Missouri in 23rd place. Property taxes are levied at the local level in Missouri and the rates vary by jurisdiction. ...
Property taxes in Mississippi are assessed and collected by counties, municipalities, and school districts. Taxes are calculated as the true value of the property times the assessment ratio. The assessment ratio for single-family, owner-occupied residential property is ten percent. The local millage rates are applied to the assessment value to determine the amount of the ...
Homestead exemption laws can protect your home against a forced sale to meet the demands of your creditors, provide a surviving spouse with shelter, and can save you money on your property taxes. Oklahoma has some of the broadest homestead protection in the country, covering up to 160 acres of land outside a municipality’s corporate ...
Property taxes in Michigan are relatively high compared to other states. According to the Tax Foundation, Michigan ranked ninth in the country in 2008 in terms of property taxes as a percentage of median home value at 1.45%, and tenth in terms of property taxes as a percentage of median homeowner’s income at 3.70%. But ...
With the current nationwide trend of rapidly increasing real estate property values many homeowners are realizing a dramatic increase in their property taxes that are due each year. In some cases, especially senior citizen homeowners, this increase in property taxes is threatening their ability to afford to live in their homes. Luckily some states have ...
Of the four components that make up a monthly housing payment – principal, interest, taxes, and insurance – “taxes”, as in property taxes, are most often overlooked. Yet, they should be easy to remember, thanks to the industry standard “PITI” – principal, interest, taxes, and insurance – which all go into a home buyer’s monthly ...
Depending on where you live in Hawaii, home prices can be quite high, but have declined considerably from 2010 to 2011. According to the Hawaii Association of Realtors, median sales prices on single family homes throughout the state dropped from $439,500 year-to-date through March 31, 2010 to $426,000 for the same period in 2011, a ...
