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What else can I help you with?
If your mother lives on your property and pays your taxes on agreement can they claim homesteading and possess the property?
No because you own the property and you would be the that one that should be paying the property taxes.
Can a daughter who pays her parent's mortgage and property taxes claim the deductions on Sch A?
No, a daughter who pays her parent's mortgage and property taxes generally cannot claim those deductions on Schedule A. To claim mortgage interest and property tax deductions, the taxpayer must be the owner of the property or have a legal obligation to pay the mortgage. Since the daughter does not own the property, she is not eligible to claim these deductions, even if she is making the payments.
Do you own the property once back taxes are paid?
No
What will happen to your taxes when you own a home?
I think you can deduct your property taxes and the interest on your mortgage!
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!
Who pays the taxes in a lease to own a house situation?
That depends entirely on the lease agreement...it could be either side.
If your mother lives on your property and pays your taxes on agreement can they claim homesteading and possess the property?
No because you own the property and you would be the that one that should be paying the property taxes.
Is there a number of years if an heir pays taxes on a property they own it?
Paying taxes does not provide ownership. A person who pays another person's taxes is generally considered a volunteer.See related link.
When one person pays the property taxes on undevided heir property does that person eventually get full ownership of the property?
Paying the taxes alone, no. If others are named on the deed, you'll need to work with them, period. All named individuals own the property equally. The court doesn't care who pays the taxes as long as they're being paid. Stop paying the taxes, and all of you risk losing the property.
Who pays local property taxes?
Local property taxes are typically paid by property owners, which can include individuals, businesses, and organizations that own real estate. These taxes are levied by local governments to fund services such as education, public safety, infrastructure, and community services. Renters do not directly pay property taxes, but landlords often incorporate these costs into rental prices.
Can a daughter who pays her parent's mortgage and property taxes claim the deductions on Sch A?
No, a daughter who pays her parent's mortgage and property taxes generally cannot claim those deductions on Schedule A. To claim mortgage interest and property tax deductions, the taxpayer must be the owner of the property or have a legal obligation to pay the mortgage. Since the daughter does not own the property, she is not eligible to claim these deductions, even if she is making the payments.
If a person dies and another person pays taxes on there property does that person have the full right of that property or land?
Absolutely not. That person would be a volunteer, having paid the taxes on property they don't own. Paying the property taxes does not bestow legal title. You would need to obtain title from the heirs or from the town after the town takes possession of the property by tax title foreclosure.
Do you pay school taxes if you don't own property?
You don't. If you rent the person who rents to you pays taxes on the property which includes school taxes and your rent helps him pay for the taxes. So, in a round about way you pay for them by paying him.
Do California condo owners pay property taxes?
Yes. Just as you would pay property taxes on any property that you own.
2 people own house one pays property tax and one is exempt?
So? What is the problem here to discuss. Do one of you get half price on taxes? I never heard of this situation. Put the property in the exempt persons name.
Do people over 65 pay property taxes in Florida?
Yes, individuals over 65 are still responsible for paying property taxes in Florida. However, they may be eligible for certain exemptions or discounts based on their age, income, or other factors. It's best to check with the local tax assessor's office for specific information on tax relief programs for seniors in Florida.
Do you own the property once back taxes are paid?
No
