Michael DeTerlizzi’s Post

Big news for homeowners! The government just announced major property tax relief. Visit our website to find out how much you could save. Visit: https://lnkd.in/ds9zMDK8 #tradeflock #property #taxrelief #homenews #taxsavings #propertytax #announcement #homesavings #realestatenews #benefits #savemoney #financialnews #taxbreaks #economicupdate #realestatemarket #taxcut #financialsavings #taxupdate #homefinance #taxpolicy #propertyowners #realestateadvice #homeownership #financetips #homebuying #propertynews 

Received a substantial property tax bill? Stay informed and take proactive steps to mitigate the impact on your finances. Explore this guide for practical ways to save on property taxes: Seek an independent appraisal: If your property's assessed value poses a challenge, consider engaging an independent appraiser. For a reasonable fee, they can evaluate whether your home's value is lower than the current assessment—an investment that could yield significant returns. Challenge exemptions: Maximize potential savings by verifying your eligibility for property tax exemptions based on age, disability, or veteran status. Ensure you claim all applicable exemptions to optimize your financial position. Apply for homestead status: Officially designate your home as your primary residence if it is your only dwelling. This can qualify you for a homestead exemption, potentially resulting in substantial reductions in property taxes. Participate in tax hearings: Exercise your voice by attending local tax hearings where future rates are discussed. Share your concerns and insights to play a role in maintaining reasonable tax rates within your community. Questions or concerns? Feel free to send me a DM. I'm here to provide additional assistance and ensure you're not paying more than necessary! Pam Ahern RPM Group Home Advisors pam@rpmhomeadvisors.com #PropertyTaxRelief #TaxSavingsStrategies #HomeownershipTips #PropertyAppraisal #TaxExemptions #FinancialWisdom #AssetProtection #RPMHomeAdvisors #atlanta #atlantageorgia #georgia #landdevelopment #realestatedevelopment

Hello LinkedIn Family! Unlocking the Mystery of Property Tax in the U.S.    Ever wondered about that annual bill on your property? What is Property Tax? Property tax is a charge imposed by local governments based on the assessed value of your real estate. It funds essential community services like schools, roads, and public safety. Here's the deal: Your property's value gets assessed, and a tax rate is applied. While it may seem like a yearly expense, remember, it's an investment in your community's well-being. Understanding this tax is key to being a savvy homeowner. Let's demystify property tax together! #propertytax #realestate #communityinvestment Ramanuj Mukherjee Abhyuday Agarwal Yash Vijayvargiya Priyanka Sinnarkar Chidimma Nwosu-Okoli Kishore Chennu DTS Duijn's Tax Solutions CA Shubham Mittal Sachin Kumar LAXMI OJHA

Property taxes from the states are surging and there may be more to come - read more on the latest developments, particularly in our eastern states: https://lnkd.in/gvD8p3J4 𝘓𝘪𝘤𝘦𝘯𝘴𝘦𝘥 𝘣𝘺 𝘊𝘰𝘱𝘺𝘳𝘪𝘨𝘩𝘵 𝘈𝘨𝘦𝘯𝘤𝘺. 𝘠𝘰𝘶 𝘮𝘶𝘴𝘵 𝘯𝘰𝘵 𝘤𝘰𝘱𝘺 𝘵𝘩𝘪𝘴 𝘸𝘰𝘳𝘬 𝘸𝘪𝘵𝘩𝘰𝘶𝘵 𝘱𝘦𝘳𝘮𝘪𝘴𝘴𝘪𝘰𝘯. #stategovernments #propertytaxes #governmentpolicy

If you have tenants in your home there can be Capital Gains Tax (CGT) consequences. Generally, there is no Capital Gains Tax (CGT) on a property used as the main family residence, thanks to a relief known as Private Residence Relief (PRR). #LettingsRelief #PrivateResidenceLettings

Proposition 19: Property Tax Increase Limits on Primary Residences How does Proposition 19 change the rules on tax basis portability? Prop 19 allows a homeowner who is 55 years of age or older, severely disabled or whose home has been substantially damaged by wildfire or natural disaster to transfer the taxable value of their primary residence to: a) a replacement primary residence anywhere in the state, b) regardless of the value of the replacement primary residence (but with adjustments if replacement has a greater value), c) within two years of the sale and d) up to three times (or as often as needed for those whose houses were destroyed by fire). The prior rule limited this exemption to a one-time transfer within the same county (Prop 60) or between certain counties (Prop 90) and only if the replacement property was of "equal or lesser value." I can help identify, for you and others you know, your potential adjusted property tax! #realtor #realestate #taxes

If you have tenants in your home there can be Capital Gains Tax (CGT) consequences. Generally, there is no Capital Gains Tax (CGT) on a property used as the main family residence, thanks to a relief known as Private Residence Relief (PRR). #LettingsRelief #PrivateResidenceLettings

This is an interesting article ranking the states by the lowest effective real estate tax rates to the highest.

Attention Texas homeowners! 📢 Proposition 4 is a big win for property tax reform! $18 billion in property tax cuts will be made in the state 💪 The homestead tax exemption is rising from $40,000 to $100,000 meaning a nice drop in your taxable property value and a lower property tax bill! 🙌 This is a long-term shift that promises ongoing financial relief 🎉 This is great for sellers too! 😍 Your property just got more appealing thanks to lower taxes 🏡 Buyers are looking for more affordable homes and this will definitely help! Proposition 4 is a huge win to enhance the Texas housing market! 🌟 Read more about this: https://bit.ly/3QH3Nl8 🔍 #homesolutionsteam #experiencedrealtor #realtor #realtorteam #realestate #realestateteam #austinrealestate #atxrealtor #austintx #austintexas #atx #austin #realtyaustin #realtyawesome #atxrealestate #austinhomes #austinrealestatemarket #Prop4ForTX #propertytaxrelief #austinpropertytaxes #austinpropertytaxrelief #propertytaxesaustin #homesteadexemption #texashomesteadexemption #homesteadexemptiontexas #austinhomesteadexemption #homesteadexemptionaustin #proposition4texas #prop4texas

Jim Koutsokostas spoke to the The Australian Financial Review about the new and changed state taxes on properties. With the spring property sales season kicking off this weekend, it's a timely reminder to be aware of your tax obligations. https://lnkd.in/gkC-8bBQ #propertytax #taxes #taxlaw