Homeowners across the country are getting a shock when they open their 2022 property tax appraisal notices. These appraisals are often far higher than they were only a year ago. What will these higher appraisals mean for property taxes in the future? What can you do if you think your appraisal is too high? Lull… Read more »
Paying property taxes is an unavoidable part of homeownership. But why are you charged these taxes, and what determines how much you pay? Here’s a brief primer on property taxes. Where does all that money go? Property taxes are sources of revenue that state and local governments use to pay for necessities we often take… Read more »
If you buy property in the United States from a foreign owner, the Internal Revenue Service will likely require you to withhold sales proceeds to cover taxes the seller will owe under the Foreign Investment in Real Property Tax Act (FIRPTA). Mishandling this special withholding could end up costing you the tax plus penalties, so… Read more »
If you own your own home, your property tax assessment is responsible for one of the biggest ticket items in your annual budget — your property tax bill, which pays for local services such as new schools, parks, police and fire protection. Here’s what you need to know. What is a property tax assessment and… Read more »
