Pam Ahern’s Post

It's almost #taxseason, are you prepared? Received an eye-watering property tax bill? Don't let it dampen your spirits! 🏡💸 Here's a roadmap to reduce the pinch on your hard-earned assets: 1. Get an independent appraisal: Invest in an appraiser to assess if your home's value is lower than the assessed value. 2. Challenge exemptions: Check for property tax exemptions based on age, disability, or veteran status. Claim what's rightfully yours! 3. File for homestead: If it's your primary residence, make it official! Qualify for a homestead exemption to potentially reduce property taxes. 4. Attend tax hearings: Your voice matters! Attend local tax hearings to share concerns and help keep rates in check. Questions or concerns? Send us a message. We're here to ensure you're not paying a penny more than you should! 💬💡 #PropertyTaxTips #TaxSavings #RealEstateAdvice #alvarezschonbrungroup #realtyasg

While providing tax relief, Proposition 13 can also influence property values, potentially deterring new investments or developments in the commercial real estate sector. Read more 👉 https://lttr.ai/AT5fO #CommercialRealEstate #TaxImplications #ForCREInvestors

Receive an eye-watering property tax bill? Don't let it sap your spirits just yet. There are ways you can reduce the pinch on your hard-earned assets. Here's a roadmap to property tax savings: 1) Get an independent appraisal. If your property's assessed value feels like a weight on your shoulders, consider hiring an independent appraiser. For a few hundred dollars, they can determine if your home's value is lower than what's assessed. It's an investment that might pay off big. 2) Challenge exemptions. Don't leave money on the table! Check if you qualify for any property tax exemptions based on age, disability, or veteran status. Claim what's rightfully yours. 3) File for homestead. If your home is your one-and-only, make it official! Owning and living in your primary residence can qualify you for a homestead exemption, potentially reducing your property taxes significantly. 4) Attend tax hearings. Your voice matters, so attend local tax hearings where upcoming rates are discussed and share your concerns to help keep rates in check. Questions or concerns? Send me a DM. I'm happy to provide additional help to ensure you're not paying a penny more than you should! #2024goals #joinmyteam #armadamichigan #drydenMI #ImlayCityMI #romeomichigan #atticami #almontmichigan #brucetwpmi #realestatelife #century21realestate #century21realtor #century21 #realestate #washingtontwpmi #homewithhollie #SoldbyHollie #c21aaanorthalmont #c21aaanorth #C21 #RealEstateGoals #HollieMillerHomes #HomeSweetHome

🏡 Unexpected Property Tax Increases Post-Closing? Here’s What You Need to Know! Just settled into your new home and shocked by a sudden property tax increase? You're not alone. Many homeowners find themselves in this situation, unaware that property taxes can be reassessed at the time of sale. Here’s a quick rundown: 📈 Why the Increase? Property taxes are often reassessed upon transfer of ownership, potentially reflecting the current market value rather than the previous assessed value. 🔍 What Can You Do? Always discuss potential tax changes with your realtor before you buy. Knowledge is power! Consider appealing the tax assessment if it seems unusually high compared to similar properties in your area. 💡 Tip of the Day: Stay informed and proactive about tax assessments. Ask questions and seek advice from professionals. Being prepared can save you from unexpected financial strain! 👉 Need more info on navigating property tax assessments? DM me for expert advice tailored to your situation! Seminole County: https://lnkd.in/e5GTdXg8 Orange County: https://lnkd.in/e5GTdXg8 Lake County: https://lnkd.in/ez8pf4SQ Volusia County: https://lnkd.in/eryaerS8 Osceola County: https://lnkd.in/eDkZhgiH #HomeBuyingTips #PropertyTaxes #RealEstateAdvice #Homeowners #BenchmarkRealEstateGroup

🏡 Unexpected Property Tax Increases Post-Closing? Here’s What You Need to Know! Just settled into your new home and shocked by a sudden property tax increase? You're not alone. Many homeowners find themselves in this situation, unaware that property taxes can be reassessed at the time of sale. Here’s a quick rundown: 📈 Why the Increase? Property taxes are often reassessed upon transfer of ownership, potentially reflecting the current market value rather than the previous assessed value. 🔍 What Can You Do? Always discuss potential tax changes with your realtor before you buy. Knowledge is power! Consider appealing the tax assessment if it seems unusually high compared to similar properties in your area. 💡 Tip of the Day: Stay informed and proactive about tax assessments. Ask questions and seek advice from professionals. Being prepared can save you from unexpected financial strain! 👉 Need more info on navigating property tax assessments? DM me for expert advice tailored to your situation! Seminole County: https://lnkd.in/e5GTdXg8 Orange County: https://lnkd.in/e5GTdXg8 Lake County: https://lnkd.in/ez8pf4SQ Volusia County: https://lnkd.in/eryaerS8 Osceola County: https://lnkd.in/eDkZhgiH #HomeBuyingTips #PropertyTaxes #RealEstateAdvice #Homeowners #BenchmarkRealEstateGroup

🏠 Tax Alert: Maximize Your Capital Gains Tax (CGT) Relief with Private Residence Relief! 🏠 Did you know you could avoid paying CGT when selling your home? If your property has been your main residence throughout ownership, you're likely eligible for Private Residence Relief! 🔑 Key Highlights: 1️⃣ Main Residence Relief: Protects homeowners from CGT if the property has been their main home. 2️⃣ Multiple Homes? You Choose! Taxpayers with more than one home can nominate which property to benefit from the CGT exemption. 3️⃣ Two-Year Window: You’ve got 2 years from acquiring a second home to nominate your main residence. Don’t miss it! 💡 Practical Tip: Make sure to choose the property likely to see the biggest gain to save the most tax. If you’re juggling multiple residences, stay ahead and protect your assets. 🏡 Reach out to Oasis Developers Limited for personalized advice on how to benefit from this crucial tax relief! 🔗 Shankar Devarashetty Venkat Pabbathi BEng, MSc, MCIOB, PMP #TaxTips #CGTRelief #MainResidence #PropertyTax #FinancialPlanning #OasisDevelopers

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 

The Augusta Rule, also known as the Augusta Rule Exception or the Augusta Exemption, refers to a provision in the Internal Revenue Code (IRC) that allows homeowners to rent out their primary residence for up to 14 days a year without having to pay taxes on that income. That's right—tax-free rental income! 💰 ✨ Here's why incorporating the Augusta Rule into your tax planning strategy is a game-changer: Tax-Free Income: Enjoy rental income from short-term rentals without the burden of paying additional taxes. It's a straightforward way to boost your bottom line. Flexibility: Rent out your home during major events or holidays without worrying about tax implications. It's your home, and now it can work for you. Simplicity: Say goodbye to complex tax paperwork. With the Augusta Rule, tax compliance becomes a breeze, allowing you to focus on what matters most. Maximize Savings: Strategically time short-term rentals during high-demand periods to maximize your tax savings. It's all about optimizing your financial strategy. Ready to unlock the tax benefits of homeownership? At Goodman CPA we can help you leverage the Augusta Rule and elevate your financial position. #TaxPlanning #AugustaRule #HomeownershipBenefits #GoodmanCPA

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

While providing tax relief, Proposition 13 can also influence property values, potentially deterring new investments or developments in the commercial real estate sector. Read more 👉 https://lttr.ai/AU7Rc #Proposition13 #CommercialRealEstate #ForCREInvestors