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Do you own the property that is subject to public right of way if you pay taxes on it?
Wiki User
∙ 13y ago
It depends on how your property was subdivided and sold. In some cases the land is owned by you but subject to a permanent right of way for a street , alley or public utilities, etc. The area of land that is subject to a public right of way is usually considered in determining the assessed value of the property. As such you you not be directly paying taxes on the property subject to the right of way. In other cases your property abuts or is adjacent to the right of way but you do not own it. You can not acquire public land through adverse possession in most states.
Wiki User
∙ 13y ago
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Who pays taxes on an easement?
On the property the easement is on/over? That depends on the terms of the easement given and agreed to. The most common forms of easements, utility and right of way easements the property owner pays the property taxes.
Can you give your property away owing taxes?
Yes, you can give your property away owning taxes, unless there is a lien or other legal document held by the IRS or taxing authority that prohibits you from doing so. Examples of such restrictions against giving the property away might be where your personal income taxes are delinquent or your property taxes are delinquent and the property is collateral guaranteeing payment of the debt.If the property is free of delinquencies, the person accepting the property is doing so subject to the outlying property taxes. For example, if you gave real estate to a person they probably need to pay the real estate taxes before they could purchase title insurance or mortgage the property.
Can I deduct the price of my property rental from my taxes?
If you are the one renting the property you can not deduct this from your taxes. If you are the landlord you can receive a deduction on your taxes for owning the property.
What type of tax is figured at a percentage of the value that an assessor places on property or personal possession?
The type of tax that is figured at a percentage of the value that an assessor places on property or personal possession is called a property tax. Property taxes are typically levied on a yearly basis and are used to fund public services such as schools libraries police and fire departments and other local government services. Property taxes are usually calculated by multiplying the taxable value of the property by the applicable tax rate. Property taxes are typically collected by a local government or school district. Property taxes are typically levied on a yearly basis. Property taxes are used to fund public services such as schools libraries police and fire departments and other local government services. Property taxes are usually calculated by multiplying the taxable value of the property by the applicable tax rate. Property taxes are typically collected by a local government or school district.Property taxes are a form of revenue for local governments and school districts and are usually based on the value of the property being taxed. Property tax rates can vary widely from one locality to another so it is important to research the applicable tax rate before purchasing a property.
How much tax does Bill Gates pay to the government?
Public information is that he pays $991,000 dollars in property taxes, other taxes are like all others tax affairs, private.
what are property taxes?
Property Taxes are taxes paid on property owned. In the state of Oregon Property taxes pay for schools and many other public services. The tax is based on an apraised value of the property. Oregon has a high property tax rate but are still one of the few states without a sales tax.
Sources of revenues in public schools?
Property taxes (millage) and state lotteries.
What kind of revenue pays for Texas public schools?
Property taxes.
What has the author Glenn W Fisher written?
Glenn W. Fisher has written: 'The worst tax?' -- subject(s): Property tax, History 'Financing government in the Chicago area' -- subject(s): Finance, Public, Metropolitan finance, Public Finance 'Illinois municipal finance' -- subject(s): Municipal finance 'Taxes and politics' -- subject(s): Finance, Public, Illinois, Public Finance 'Financing Illinois government' -- subject(s): Finance, Public, Public Finance
What is the number of days for a right of redemption for a Florida single family home purchase?
There is no "right of redemption" for the purchase of a home. Right of redemption applies to a tax taking of your land by the town for non-payment of real estate taxes. If you don't pay your property taxes the town has the legal right to take your property. You can get your property back, i.e., redeem it, by paying the back taxes and interest. That is what is meant by the "right of redemption".
Are royalties probate property?
Yes, they are assets of the estate. As such they are subject to probate and appropriate taxes.
Who pays taxes on an easement?
On the property the easement is on/over? That depends on the terms of the easement given and agreed to. The most common forms of easements, utility and right of way easements the property owner pays the property taxes.
What options are available to recover life estate property when the taxes have been defaulted on and the property is subject to sale in Wisconsin?
The only recourse is to pay the taxes or the state will take the estate and the son will get nothing.
What reasoning supported tying the right to vote property ownership?
Before 1920, most taxes were assessed on property. When all taxes are based on property, it makes sense to restrict voting to property owners. When non-property owners are voting on property TAXES, the non-owner is has no reason not to vote for higher taxes that he won't be paying. Since the advent of the income tax, even people who don't own property are paying taxes, so the voter rolls needed to be expanded. Here in 2014, the disconnect between paying taxes and voting is becoming bad again.
What is the primary source of income for counties and municipalities in Georgia?
Property taxes
Who is responsible for taxes and insurance on a building and or equipment owned by a public utility but located on a homeowners property?
Technically, the insurable interest, which is the taxable one, i.e. the building is the property by a Public Utility. So it should be them the responsible
Can you give your property away owing taxes?
Yes, you can give your property away owning taxes, unless there is a lien or other legal document held by the IRS or taxing authority that prohibits you from doing so. Examples of such restrictions against giving the property away might be where your personal income taxes are delinquent or your property taxes are delinquent and the property is collateral guaranteeing payment of the debt.If the property is free of delinquencies, the person accepting the property is doing so subject to the outlying property taxes. For example, if you gave real estate to a person they probably need to pay the real estate taxes before they could purchase title insurance or mortgage the property.
