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16y ago

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What is the primary source of income for counties and municipalities in Georgia?

Property taxes


What could happen to a cosigner if the income taxes were not done on a property?

Property does not have an income tax return.


Do police officers have to pay taxes?

Yes. They pay income taxes and property taxes and sales taxes.


Are property taxes included in the debt to income ratio calculation?

Yes, property taxes are typically included in the debt-to-income ratio calculation. This ratio is used by lenders to assess a borrower's ability to manage their monthly debt payments, including property taxes, in relation to their income.


Are property taxes deductible in California?

Yes, property taxes are deductible in California for state income tax purposes.


What is Property taxes and income taxes are direct taxes?

type of taxes, when/how is this applied, how to calculate thisProperty taxes are taxes imposed by the cities in your state, income tax is imposed by the Internal revenue Service, where the amount is cintigent upon your income


Do you have to pay tax when you buy your first house in nsw when your not going to live in it and you may rent it out?

I don't know if you are talking about income tax or property taxes. The answer is the same for both. In renting the house out you will pay income taxes on your gain from rental income and you will pay property taxes for the ownership of the property.


A sum of money placed on a person property or income of an individual by government?

The sum of money placed on a persons property or income by the government is referred to as taxes. In the United States, these taxes are federal and state taxes.


What is the maximum amount that can be deducted for California property taxes on federal income tax returns?

The maximum amount that can be deducted for California property taxes on federal income tax returns is 10,000.


What will happen to your income taxes when you own a home?

I think you can deduct your property taxes and the interest on your mortgage!


What is the difference between income taxes and state taxes?

Income taxes are taxes paid based on the amount of your wages and other forms of income, including but not limited to investment income, pensions, interest and dividend income, business income, rental income, etc. Income taxes are assessed by and paid to the federal government and, depending on where you live, also state and local governments. State taxes can come in many forms, including not only income taxes, but also property taxes, sales taxes, use taxes, excise taxes, business taxes, etc.


Why do we pay property taxes?

It is a tax levied on ownership of property by the government. It provides income to the government.