How much are property taxes if you win a house?

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The property tax rate in your local area will be the same per year no matter how you acquired the property. The rate will be a percentage of the value of the home.
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What is personal property tax and how doe's it effect manufactured housing?

Answer . Personal property tax is a local city or county tax (usually - sometimes state) levied on the real property you own (usually land and buildings). In each city or county the rules can be different. In my county a home is property regardless of its type (manufactured homes are still prope ( Full Answer )

How much are your property taxes for one year?

Answer . Answer depends on where you live. No one answer fits all scenarios. Property taxes are based on "assessed values" of property i.e what your property is worth at a particular point in time compared to SIMILAR properties in your area that have SOLD within a 3 to 6 month period. Once you ( Full Answer )

How much are the Louisiana taxes on lottery winnings?

Lottery winning are the same as any other earning...and will be taxed federally and locally as any other income of that amount would be (which of course depends on many things, income level, number of dependents, number of deductions, etc.etc.)

Does a renter of a house have to pay property taxes on it?

The answer technically is "NO" because the owner of the house pays the taxes. However, if it is stated in the lease that the renter signs, and the owner charges the property taxes, the answer would be yes. But, technically the owner legally pays property taxes on their home. If a renter signs a leas ( Full Answer )

How much does property tax cost?

The property tax rates are set in each town. You would need to contact the town in which you are interested.

How much tax will you pay on winning 15000.00?

In the US it could be as high as half of it. Most people are going to end up paying between 25% and 35% depending on their income bracket. If it was the only money made that year the taxes would be very minimal.

If a property owner owes taxes on a house can they put you out of the house?

It is the responsibility of the land owner to pay the propertytaxes. There are laws in every jurisdiction that allow the localgovernment to take possession of property, after due notice, whenthe owners are delinquent in paying property taxes. The tax takingprocedure provides a means for taking legal ( Full Answer )

How much are property taxes in Vallejo California?

it depends on the price of the home you purchase. the less the appraised value is, the less you pay in taxes. the higher the more money spent on taxes. its safe to say about 1.25% of your home purchase price is due annually. for example a 169k home purchased would be 2112 bucks per year. payable in ( Full Answer )

How much taxes do you have to pay on casino winnings?

Gambing winnings are like any other "ordinary income" (although provable losses are deductible against the winnings). You pay tax at your own personal effective rate, (different for everyone) after deductions, exemptions, other earnings, state taxes, etc.

Do you have to pay property tax if you rent a house?

Not directly. The owner of the property is responsible for paying the property taxes . However, you should understand that how much rent you pay is determined, in part, by how much property tax the owner pays. In other words, the owner needs to charge enough rent to cover his costs (taxes, maintena ( Full Answer )

How much tax is paid on winning a house?

Taxed at your ordinary income rate, which varies person by person, based on other income, deductions, dependents, losses, State rate, city rate, etc., etc. and of course on the value of the house.

How much in Taxes on winnings in Florida?

In US it would all be taxable and effectively be taxed at whatever your rate on AGI ends up being. That means it is taxed like any other income (albeit not subject to FICA). Many have tried to call it a capital gain or investment gain, but that has always lost in court. If you are a professional gam ( Full Answer )

How much is property tax in California?

The property tax in California can vary from year to year. However, to calculate the California property tax for one's home is quite simple. The tax can not exceed more than 1% of the home's value and can not increase more than 2% from the previous year.

How much will the taxes be if you win a 2 million dollar house?

For Single filing status, 2008 tax is $678,597 (2 million multiplied by 35 percent minus $21,403). For Married Filing Jointly, 2008 tax is $671,575 (2 million multiplied by 35 percent minus $28,425). For Head of Household, 2008 tax is $675,409 (2 million multiplied by 35 percent minus $24,59 ( Full Answer )

What type of tax is the property tax on a person's house?

A real estate tax millage or what ever the local taxing authority calls it. It is a direct tax. Property tax is an ad valorum tax. An ad valorum tax is based on the value of the good or service or property. The tax is usually imposed on an annual basis and the property's value may be reapprais ( Full Answer )

How much Taxes paid on winnings?

They are added to your regular income, so genraally if small might not change tax bracket; but it might if large. So impossible to be precise. Check tax table.; i guess. ans How much you pay ultimately depends on your own tax situation and tax rate. There is no specific rate or cate ( Full Answer )

How much are you taxed from winnings at the casino?

It depends on where the casino is. Most of the casinos in the U.S.deduct a state tax on slot payouts above a certain amount, thenalso, you are supposed to claim winnings as income when you fileyour income tax each year. You can, however, deduct losses up tothe amount of your winnings. You can contac ( Full Answer )

How much money do you pay for taxes on winnings?

Winnings are like any other "ordinary income" (although provable losses are deductible against the winnings). You pay tax at your own personal effective rate, (different for everyone) after deductions, exemptions, other earnings, state taxes, etc. The amount that may be withheld from your winnings ( Full Answer )

What type of tax is this property tax on your house?

It's county property tax assessed based on the home's value sometimes called a "mill rate". You can find this information by calling your county tax assessor or looking it up online at your county assessor's web page.

How much is the property tax in Hamilton NJ?

The property tax rate for Hamilton Twp NJ is 3.763% which is the 2009 rate. The 2010 tax rate will be released with the 3rd Qtr billing due 8-1-10. Many towns are late to establish a tax rate and hence extend the third quarter due date. To calculate the property taxes per year charged to your pr ( Full Answer )

How much are property taxes in Los Angeles county?

Property taxes are simply the property tax rate for the area you live in multiplied by the tax assessed value. The tax assessed value does not always equal the market value, so you need to find out what the tax assessor has your property appraised for. It could be higher or lower than market. If ( Full Answer )

You bought a house in 2009 and the property tax was already paid. When will you start to pay property taxes in 2010?

When you begin to pay real estate taxes in 2010 depends on three things: (1) when real estate taxes are levied and payable in your taxing district; (2) how you agreed to prorate real estate taxes in the contract to purchase the property; and (3) whether your lender required you to set up an escrow a ( Full Answer )

Property tax on a two story house?

You should contact your local taxing authority to get the correct information that you want for your district or area that the two story house is located in.

How much luxury tax is paid on lotto winnings?

After your normal tax of 29% The additional luxury tax during tax season for winnings is 40% OUCH!!!! ans In the US As answered at least a zillion times here and part of the databank: How much you pay ultimately depends on your own tax situation and tax rate. There is no specific rate or cate ( Full Answer )

How much is taxed on lottery winning?

Lottery/Gambling winnings are included as income (1040 - Line 21) and are taxed at the same rate as your wages. However, if you itemize, you can deduct Lottery/Gambling losses up to the amount of your winnings (Schedule A - Line 28). For more information read IRS Publication 525 - Taxable and Nonta ( Full Answer )

How much can you win at a casino with out having to pay the tax on it?

As far as US Federal Income taxes are concerned, all of your winnings at the casino and any where else is taxable income that is supposed to reported on line 21 other income on page 1 of the 1040 federal income tax return and added to all of your other gross worldwide and taxed at your marginal tax ( Full Answer )

How much taxes on winning the Texas lottery?

You are the only one that has all of the necessary information that will have to be reported on your income tax return for the year in order to do the calculation for the numbers that you are looking for. If you would like to do some estimated tax calculations you would need to go to the IRS gov w ( Full Answer )

How much are property taxes in Philadelphia PA?

The property tax rates are set in each town. You would need to contact the town in which you are interested Go to the below enclosed website for more information The Department of Revenue is responsible for collecting real estate taxes. Please visit the Department of Revenue W ( Full Answer )

How much tax to be paid on property sold?

It's treated as capital gains; you only pay tax on the profit (the amount you sold it for, minus the amount you paid for it plus any improvements you made). "How much" varies, if you can't figure it out, you should probably consult a tax professional.

How much money is taxed from UFC winnings?

All of it. All the money earned from UFC is considered an income for the fighter and hence taxed accordingly as per the prevailing tax laws in the United States of America. The tax treatment for a UFC fighter earning $100,000 per year would be the same as the tax treatment for a guy working in a ba ( Full Answer )

How much is 1 millage in property tax?

One mill is a real estate tax levy of 1 dollar for every one thousand dollars of assessed value. The real estate levy is known as the millage rate. For example, if your city or county has a current millage rate of $21 per $1,000 of assessed value and the current assessment for your home is $100,000, ( Full Answer )

How much are Cleveland property taxes?

Property taxes in all states depend on the size of the property and its location. In Ohio homes have property taxes in the 1.5 - 2.5 % range of the purchase price. Ohio also has city wage taxes generally in the 2% to 3% range.

What is property tax and how much does it cost?

It's a city tax you pay twice a year on your property-based onpurchase price, generally it is taken care of for you by mortgageservicer out of escrow acct monthly. They set aside based on whatis projected and pay it when billed for you. The percentage isdifferent for ea. state. if it's 1 percent and ( Full Answer )