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Property Taxes

Property tax is the fee imposed upon individuals or legal entities for real properties owned within the jurisdiction of the taxing state or municipality. The taxable amount is based on the appraised and assessed value of the property.

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If owner does not live on the property but a life tenant does who pays taxes?

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Asked by Wiki User

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?

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Asked by Wiki User

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.

What is the semiannual property tax bill?

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Asked by Wiki User

The semiannual property tax bill is a bill that property owners receive twice a year, typically in two installments, to pay for property taxes. This bill helps fund local government services such as schools, police, fire departments, and infrastructure maintenance. The amount of property tax owed is based on the assessed value of the property and the applicable tax rate.

What is property tax rate in suffolk county new york?

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Asked by Wiki User

The property tax rate in Suffolk County, New York can vary depending on the specific location and assessed value of the property. As of 2021, the average property tax rate in Suffolk County is around 2.3%. You can contact the Suffolk County Department of Real Property Tax Service for more precise information regarding your property tax rate.

I have been living here and paying the taxes for seven years. The owner has died leaving surviving children. How do I change the name on the title to the property?

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Asked by Wiki User

To change the name on the title to the property, you would need to go through the legal process of transferring ownership. This typically involves probate court proceedings to transfer the property to the deceased owner's heirs. Consulting with a probate attorney or real estate lawyer in your area would be a good first step to understand the specific process and requirements for your situation.

Can you charge a sales tax on personal property tax passed down from a lessor?

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Asked by Wiki User

It depends on the specific tax laws in your jurisdiction. In some cases, sales tax may apply to the transaction of passing down personal property tax if it meets the criteria for taxable transactions set by the tax authority. It's recommended to consult a tax professional or local tax authority to determine the tax implications in your situation.

If a sibling fails to contribute their share of the property taxes on an inherited property can they lose their interest in the property?

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Asked by Wiki User

If a sibling fails to contribute to property taxes on an inherited property, they may not automatically lose their interest in the property. However, it can lead to conflict with other co-owners and potential legal actions to resolve the issue. It's recommended to address these matters through communication, negotiation, or legal intervention if necessary.

What tax is the tax to support the schools is?

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Asked by Wiki User

The tax to support schools is typically funded through property taxes imposed by local governments. These taxes are used to provide funding for public education in a specific region or school district.

What is the statute of limitations on unpaid personal property tax in Kansas?

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Asked by Wiki User

In Kansas, the statute of limitations on unpaid personal property tax is generally 5 years from the date the tax becomes delinquent. After this time period, the tax authorities may no longer pursue legal action to collect the unpaid tax. It's important to consult with a tax professional or legal advisor for specific guidance on your situation.

If you had no lease but paid rent and property taxes can you claim adverse possession?

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Asked by Wiki User

Adverse possession typically requires exclusive, continuous, open, and notorious possession of the property for a certain period of time, usually several years, without permission from the owner. Simply paying rent and property taxes may not be sufficient to establish adverse possession if you do not meet all other required criteria. It's best to consult with a legal professional for guidance on your specific situation.

Can a corporation who paid property taxes on land owned by someone else for 25 years claim adverse possession?

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Asked by Wiki User

No, payment of property taxes alone does not typically establish adverse possession. Adverse possession usually requires exclusive, continuous, open, and notorious use of the property without the owner's permission. Simply paying property taxes on another party's land does not meet these requirements.

What is an example of property tax?

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Asked by Wiki User

Property tax is a tax assessed on real estate by the local government. For example, if you own a house or a piece of land, you may be required to pay property tax to the local municipality or county based on the assessed value of the property.

Do you have to pay taxes on property in Thailand as well as paying taxes on the same property in England?

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Asked by Wiki User

You may be subject to taxes on your property in both Thailand and England. It depends on the specific tax laws in each country and any tax treaties that may be in place to prevent double taxation. It is recommended to consult with a tax professional who specializes in international taxation to determine your individual tax obligations.

What is the difference between property tax and sales tax?

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Asked by 7drclassy

Property tax is a tax imposed on the value of real estate properties, levied by local governments to fund services like schools and infrastructure. Sales tax, on the other hand, is a tax placed on goods and services at the point of sale, collected by the merchant and remitted to the government. Property tax is a recurring tax based on property value, while sales tax is a one-time tax based on the transaction value.

Can a council try to get council tax owing from seven years ago?

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Asked by Wiki User

In the UK, councils have the legal right to pursue unpaid council tax debts for up to six years. After this period, the debt becomes 'statute-barred' and the council cannot take legal action to recover it. However, councils can still contact individuals to request payment, but they cannot compel payment through legal means.

What is the statute of limitations in ct for property taxes?

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Asked by Wiki User

In Connecticut, the statute of limitations for property taxes is three years. This means that the municipality has three years to collect any unpaid property taxes before the debt is considered uncollectible.

How much a month is council tax band a in carlisle?

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Asked by Wiki User

The monthly cost of council tax for Band A in Carlisle varies depending on the specific property and its location. However, as a general estimate, the monthly council tax for Band A properties in Carlisle is typically around £100-£120 per month. It's recommended to check with the local council for an accurate figure.

Is it legal to charge sales tax on personal property tax?

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Asked by Wiki User

It depends on the specific tax laws in your jurisdiction. In some areas, sales tax may be applicable on personal property tax, while in others it may not. It's best to consult with a tax professional or local tax authority for clarification on this matter.

Charged Property tax and sales tax?

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Asked by Wiki User

Property tax is charged on the ownership of real estate property by local governments to fund public services, while sales tax is charged on the sale of goods and services by governments to generate revenue. Property tax is based on the assessed value of the property, while sales tax is a percentage of the purchase price of goods or services.

If siblings inherit a house from their mother at her death who is responsible for yearly property taxes if only one sibling lives in the home?

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Asked by Wiki User

The sibling living in the home is responsible for paying the annual property taxes. The other siblings may have a financial responsibility to contribute to the costs associated with maintaining the property, but the one residing in the house typically bears the responsibility for property taxes. Arrangements for sharing expenses can be agreed upon among the siblings.

Your mother died 10 years ago and you continued to live in the house that she willed to you and your siblings you cotinued to pay NJ property taxes As executrix you never changed the deed Is this frau?

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Asked by Wiki User

Continuing to pay property taxes on a house willed to you and your siblings without changing the deed may not necessarily be fraudulent, but it can lead to legal complexities. It's essential to ensure the property is properly transferred to the rightful heirs to avoid potential disputes and comply with legal requirements.Consulting with a legal professional can help clarify the necessary steps to address the situation lawfully.

If I pay someone elses property taxes does the property become mine?

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Asked by Wiki User

No, paying someone else's property taxes does not automatically mean that you own the property. Property ownership is determined by the legal title and deed, not by paying taxes on behalf of someone else.

Does Georgia have personal property tax?

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Asked by Wiki User

Yes, Georgia does not have a state-level personal property tax on personal belongings like furniture, cars, or household items. However, individual counties or municipalities within Georgia may impose their own personal property taxes.

Am I required to pay property taxes in two towns if my house is in one town and the back of my yard is in another?

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Asked by Wiki User

Yes, you may be required to pay property taxes in both towns if your property straddles municipal boundaries. Each town will likely assess taxes on the portion of the property within its jurisdiction, so you would need to pay taxes to both towns based on the assessed value of each portion. It's best to consult with each town's tax assessor to determine your specific obligations.

If only one of the four owners of a house lives there is he liable for the entire property tax?

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Asked by Wiki User

Typically, property tax liabilities are shared among all the property owners based on their ownership percentage. However, it's important to check with the local tax authority or a real estate attorney to confirm the specific rules and regulations in that area. If one owner is the sole occupant and contributor to the expenses, arrangements may need to be made to address the tax responsibility with the other owners.