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A tax on real state or personal property?
A tax on real estate or personal property is a tax imposed on the ownership of real property, such as land and buildings, or personal property, such as vehicles and household items. This type of tax is usually assessed by local governments, such as cities or counties, and is used to fund local services, such as schools, police and fire departments, and infrastructure maintenance. The amount of tax owed on real estate or personal property is generally based on the assessed value of the property. This value is typically determined by a local assessor, who takes into account factors such as the property's location, size, and condition. Property taxes can be controversial, as some argue that they disproportionately affect low-income individuals and families who may struggle to pay them. Others argue that property taxes are necessary to fund essential local services and maintain infrastructure. Overall, property taxes are an important source of revenue for local governments and play a key role in funding the services and infrastructure that support our communities. My recommendation : 𝘩𝘵𝘵𝘱𝘴://𝘸𝘸𝘸.𝘥𝘪𝘨𝘪𝘴𝘵𝘰𝘳𝘦24.𝘤𝘰𝘮/𝘳𝘦𝘥𝘪𝘳/488392/𝘔𝘶𝘩𝘢𝘮𝘮𝘢𝘥𝘺𝘶𝘴𝘴𝘶𝘧12/
What guarantees may a mortgage company insist on?
Lenders can require a variety of conditions such as:that you live on the propertythat you pay your property taxes to the lender so it can make certain they are paidthat you not make changes to the title without notifying the lenderthat if you breach your agreement the lender can accelerate the loan payment
Can you buy a house with cash after foreclosure?
Sure this happens all the time. You can probably get a great deal on a foreclosure, make sure you get a home inspection and find out if there are any back taxes owed on the property, Happy Hunting
If iwas to make 5000000 dollars how much will you have after taxes?
$1.
How much does Brian Chase make each year?
$12.33 after taxes.
If you are paying taxes on a property in Texas does that make you the property owner?
No, paying property taxes on a property does not make you the property owner. Only a properly executed deed naming you as the owner would make you an owner.
How does a town make money?
Property Taxes
Can i get extra time from a judge to pay your delinquent property taxes?
You should seek to make that arrangement with the Town. However, if the situation has progressed to a court action then it is unlikely that you will be given any "time" to catch up. You would need to pay the delinquent taxes, added costs and interest in full in order to redeem the title to the property.
If owner does not live on the property but a life tenant does who pays taxes?
In this scenario, the owner is typically responsible for paying property taxes, even if they do not live on the property. The life tenant, as the person living on the property and benefiting from it, does not typically have a legal obligation to pay property taxes unless specified otherwise in their agreement with the owner.
How long after delinquent property taxes are due can they make you move?
The process and timeline for property tax foreclosure varies by location, but typically, property owners have a grace period of several months to years to pay delinquent property taxes before facing foreclosure. Once the property goes into foreclosure, the timeline for having to move out can vary but is usually anywhere from a few months to over a year, depending on the specific foreclosure laws in the area. It is important to consult with a local real estate attorney for precise information regarding your situation.
My father has lifetime rights to my property and the tax bill comes in his name can I take him to court and make him give up his rights because he won't pay the taxes?
Sounds like the property is his. Either you pay the taxes and continue to live there or whatever or you let him not pay the taxes and "he" loses the property.
My husband was gifted a family business but I paid taxes on it from filing jointly can that make it mariatal property then?
it is your husband's
How do people pay taxes?
People pay taxes in many different ways. Taxes are taken out of your paycheck, you pay taxes when you make purchases at a store, and you pay taxes on your home and property.
Who is responsible for back taxes on a quitclaim deed?
It is the responsibility of the land owner to pay the property taxes. If a land owner is selling property for which back taxes are owed the payment of the taxes can be part of the negotiations for the sale of the land. However, the issue must be addressed prior to the sale.It is up to the purchaser of property to make certain the property taxes have been paid by the seller at the time of the purchase. If the buyer doesn't demand proof the taxes have been paid BEFORE the sale, the land will be acquired SUBJECT TO any back taxes owed. If land is purchased for which back taxes are owed the new owner will be responsible for paying the back taxes or the town will take possession of the property.The purchase of real property should always be supervised by an attorney. One of the first items on the land purchase check list is to obtain a certificate from the town that states the taxes are paid.
If a parent dies intestate but deeded property to only one sibling can the others make a claim on the property?
If they deeded the property to anyone during their lifetime it belongs to that person & won't be included in the probate, unless the property was part of a family trust, or some other arrangement.
Who pays the property taxes on heir property when one of the heirs are living at the property?
The decedent's estate must be probated in order for legal ownership to pass to the heirs. The legal owners are responsible for paying the taxes. If one heir is living on the premises they should all make up an agreement in writing as to who will pay the expenses.
how can i reduce the property taxes on my home ?
You would need to request a reassessment of your home's valuation. However, please note, in doing so, it could go the other way and make your taxes higher.
