Property tax, usually local, is a tax imposed on the market value of a property. Learn more here about property tax requirements, write offs, and other situations involving property tax in the articles, columns, blog posts, radio shows and videos.
Does Paying Property Taxes Give Ownership of the Home?
Does Paying Property Taxes Give Ownership of the Home? Q: Someone paid my deceased uncle's property taxes before I could pay them. Does this mean that person now owns the property? The property has a mortgage on it. What should I do next? Does paying property taxes mean you own a home? A: Here’s the [...]
How to Contest Property Taxes
How to contest property taxes. How the value of your home is determined and how to contest property taxes if the assessment on file is inaccurate. Q: I recently watched one of Ilyce’s video on YouTube on contesting real estate taxes. It really got me thinking, and I'm doing more research on my property taxes. [...]
Who Is Responsible for Recording a Deed?
Who is responsible for recording a deed? This reader wants to know how a home can be titled in the previous homeowners' names 20 years after the sale. Q: I’m writing to you regarding your column relating to when you get a tax bill for a home you no longer own. There is actually a [...]
I Received a Property Tax Bill After Selling the House, Now What?
I received a property tax bill after selling the house, now what? What happens when real estate taxes are still in the seller’s name years after closing? Q: I owned a house for six years and then sold it. It appears the new owners never put the home in their names. Three years later I [...]
Explaining California Prop 13 Transfer Rules
Explaining California Prop 13 transfer rules. Proposition 13 capped property taxes at one percent, but what happens when you transfer home ownership? Q: The family trust has one piece of real estate in California. If a buyer wants to protect the low Proposition 13 basis, may he or she "buy" the trusteeship and pay the [...]
If I Pay Taxes on a Property Do I Own It?
If I pay taxes on a property do I own it? This reader paid real estate taxes on a boyfriend’s home and wants to know if they have a claim to the property. Q: I live with my boyfriend and have been with him for about 12 years. We have two children. He bought a [...]
What Are the Property Tax Implications of Dissolving an LLC?
What are the property tax implications of dissolving an LLC? How will taxes be affected if this reader dissolves the LLC the rental property is held in? What Are the Property Tax Implications of Dissolving an LLC Q: I own a rental property that I put into a limited liability company (LLC). Now, I’m planning [...]
How to Transfer Ownership of a House with Unpaid Taxes
How to transfer ownership of a house with unpaid taxes. This reader's wife wants to transfer her joint tenancy ownership in a property with back taxes due. Q: My father-in-law transferred ownership in his house in Michigan to his four daughters as joint tenants before his death a couple of years ago. Now, my wife, [...]
Which States Have the Highest Property Taxes?
Which states have the highest property taxes? A new analysis ranks states by property tax rates to determine which states have the highest property taxes. Property taxes are a hot button for homeowners. That’s because no matter where you live, discussion around who pays the highest property taxes is bound to come up in conversation. [...]
Can I Lower My Real Estate Taxes?
Is your real estate tax bill too high? If your property has declined in value, you may be able to lower your real estate tax bill. This Expert Real Estate Tips video shows you how.