Here is how to write a property tax appeal letter

here-is-how-to-write-a-property-tax-appeal-letter

If you are a homeowner worried about your property taxes and if you feel your assessment is just not right, then opt for a property tax appeal. The appeal has to be in writing and the copies of the property tax appeal letter must be kept as a record of the appeal process. This makes sure … Read more

Read More

Property improvements and their impact on property taxes

property-improvements-and-their-impact-on-property-taxes

Property taxes are an ad valorem tax i.e. the tax that the local government calculates based on the assessed value of your property. The property tax amount keeps changing based on the changes in the property value. An extra bedroom or a property renovation could impact how much your future property taxes would be. A … Read more

Read More

Top 10 places to settle down after retirement

Top 10 places to settle down after retirement

Are you searching for a serene environment to retire and spend the rest of your days in peace? Then you must definitely consider the tax rates in that particular county or state because you should not waste most of your fine saved savings to disburse on taxes! Here are the top 10 places in which … Read more

Read More

How To Tackle Business Personal Property Taxes Effectively

How To Tackle Business Personal Property Taxes Effectively

When it comes to Business Personal Property, handling it for a single property can be exhausting when the due dates are near. What will be the scenario when you are supposed to manage multiple properties? It might be a big burden if you don’t have an organized plan. But here are few tips to keep … Read more

Read More

Can a cost segregation study help you reduce your tax burden?

can a cost segregation study help you reduce your tax burden

Real estate investors have two options to expense their real estate costs. One is the traditional straight-line method and the other one is the cost segregation method. The second method renders a lot of benefits to real estate investors. This includes accelerated depreciation, decreased taxable income, and an increase in cash flow. After the CARES … Read more

Read More

How To Get Tax Deductions For A Foreign Property

how to get tax deductions for a foreign property

Owning foreign properties have few differences in tax benefits than owning your domestic property. Foreign property is a property that is purchased under your name on any foreign land and it can be used as your second home or vacation rental based on the owner’s convenience. The tax benefits depend on how frequently you are … Read more

Read More

Getting to know the tax benefits in real estate

cut-my-taxes-getting to know the tax benefits in real estate

Getting to know the tax benefits is really important if you own real estate. You can eliminate or reduce your federal and state income taxes. Depreciation is something that underpins most of the advantages. In this article let’s understand what depreciation, accelerated depreciation, and bonus depreciation is. What is depreciation? Depreciation is the decrease in … Read more

Read More

What every real estate investor needs to know about cost segregation?

what every real estate investor should know about cost segregation

As a real estate investor, you must definitely be putting efforts into how to minimize your tax liability. One tax strategy you should be focusing on is cost segregation. It acts as a shield in reducing taxable income for real estate owners by depreciating a few components at an accelerated rate. This blog is all … Read more

Read More

5 Factors That Hike Property Taxes!

oconnor 5 factors that hike property taxes

2021 is already here and property owners are thinking about how much tax they should pay this year. Every year the tax rate keeps on increasing a certain amount and that happens due to many reasons. Are you eager to find what increases property taxes? Then here is the list of 5 factors that are … Read more

Read More

3 Real Estate Myths In Times Of The Pandemic

3 Real Estate Myths In Times Of The Pandemic

Every single day we come across so many conversations that are somehow related to covid-19. Even real estate myths are being built in the middle of the pandemic. But we have to be clear that all of what we hear is not true. Most of the myths created now are making investors lose their potential … Read more

Read More