Real Estate Tax-what is it and how does it work?
Tuesday, September 25th, 2007steve j asked: I am buying a new home in Florida.The purchase price is $1.2 million and real estate taxes for 2006 were $12,506.This will be my first home in the U.S.A and I dont know how real estate taxes work.Is this the amount I have to pay every year ?Can i reclaim the total [...]
What real estate/tax issues should my grandmother be aware of?
Tuesday, September 18th, 2007moinaustin asked: My grandmother is on a limited income and is thinking of selling her home which is paid off but in bad condition.
She would be selling it at a loss and is worried that the monies she receives from the sale will affect her income.
What tax issues should she be aware [...]