Houston Real Estate Blogosphere
Houston Real Estate Blogosphere brings together all the blog posts of REALTORS from the Houston area in one place
Post by Category
 

Property Taxes

The most recently published posts in the Property Taxes category
Are you paying more or less every month than the typical American homeowner?The median amount American homeowners pay per month for their mortgage is $1,015, says new data from the Census Bureau’s 2011 American Housing Survey.The midpoint price paid for homes was $110,000 and the median home value was $160,000. The median U.S. home was built in 1974 — half were older and half were newer....
Read Post [Posted on 08/26/2014 By Garrett McWhorter]
Watch out for the common tax-filing errors, and you'll get a maximum return without raising any red flags with the IRS. Image: Jenna Sue/jennasuedesign.blogspot.comAs you calculate your tax returns, consider each home tax deduction and credit you are — and are not — entitled to. Running afoul of any of these nine home-related tax mistakes — which tax pros say are especially common — can cost ...
Read Post [Posted on 08/22/2014 By Garrett McWhorter]
Without government-supported mortgage programs from Fannie Mae, Freddie Mac, FHA, and VA, interest rates on home mortgages would rise. Fannie Mae and Freddie Mac: A Look at Mortgage Lending Without ThemSome legislators say we don’t need mortgage giants Fannie Mae and Freddie Mac. What would happen if lawmakers got their way? How Fannie Mae, Freddie Mac Save You Money Home owners who...
Read Post [Posted on 08/22/2014 By Garrett McWhorter]
Homeowners who fall behind on their property taxes may be tempted to take out a loan to pay off those taxes. However, the Better Business Bureau (BBB) strongly recommends doing a little homework first.According to the BBB, the homeowner should: Call the taxing agency first. Most government agencies are willing to create payment plans and make other arrangements with those behind on t...
Read Post [Posted on 08/21/2014 By John Askins]
April 17, Tax Day, is fast approaching. So, if you itemize, remember to take advantage of the mortgage interest deduction, one of the many benefits of home ownership. The MID saves the average home owner about $3,000 per year. In addition, as mortgage rates bottom out and the rental costs exceed those of home ownership, this spring may be the most vibrant for real estate in years. This and more in...
Read Post [Posted on 08/14/2014 By Garrett McWhorter]
What does PID mean when Buying and Selling Real Estate? If a Property is in a Public Improvement District, PID, the Seller is required to notify the Buyer that the Buyer is obligated to pay an assessment to a municipality or county for an improvement project undertaken by a PID under periodic installments.  This payments may be due annually or in installments.  PID’s are usually small...
Read Post [Posted on 08/06/2014 By Annette Jacobs]
Taxes, Taxes, Taxes... paying taxes comes with the American Dream.During the season of increased property taxes (the biggest increase seen in recent years), there is a somewhat silver lining - call it a "grey lining."That "grey lining" is in the form of  Tax Free Weekend!What is tax free weekend and what items does it include?Tax free weekend is an annual event that began in 1999.  ...
Read Post [Posted on 08/05/2014 By Gail Medina]
Borrowing Against Your Home Equity Has Tax Benefits and Pitfalls   If you need funds to cover a purchase, pay off debt or remodel your home, you have a few lending options—including the use of home equity. You could use your credit card to cover the cost or take out a personal loan from the bank. You also can use the equity in your home to open a home equity line of credit (HEL...
Read Post [Posted on 08/01/2014 By Michelle Cannon]
Recently, I have been flooded with calls and have many clients demanding answers. They are skeptical of homes in our hot Houston real estate market because the asking price varies so greatly from Harris County Appraisal District's value. It's exciting for me to see so many people educating themselves and seeking out information but have found this sometimes causes excess worry. There are a conside...
Read Post [Posted on 07/29/2014 By Lauren March]
If you are lucky enough to own a home in one of the many area's of Houston that are experiencing large increases in value, then your house is probably worth a lot more than you initially paid for it. This mean when you come to sell, the tax man is naturally going to want his share of the "profit" you made on your property.  Luckily for you there are some ways to legally reduce or even avoid p...
Read Post [Posted on 06/26/2014 By Olanrewaju Animashaun]
Your date with Harris County Appraisal District (HCAD) has been set!  (well for most of us)....Call or check online to make sure your date has been set.  There is a long list of homeowners and business owners who will be protesting their property taxes.  So, if you're date has not been set yet, no fear - your time will come... for the first protest hearing. The Informal:The ini...
Read Post [Posted on 06/26/2014 By Gail Medina]
  Follow the Rules for a Tax-Free Home Sale    When you are ready to sell your home you are probably focused on your potential profits, particularly if you plan to buy another home with the proceeds from the sale. While REALTOR® commissions and other closing costs will impact how much you keep from the transaction, fortunately, if you’re like most sellers, you ...
Read Post [Posted on 06/19/2014 By Michelle Cannon]
A homestead exemption helps you save on taxes on your home. An exemption removes part of the value of your property from taxation and lowers your taxes. For example, if your home is valued at $100,000 and you qualify for a $20,000 exemption, you pay taxes on your home as if it was worth only $80,000. An Application for Residential Homestead Exemption (same form for over-65, disability, over-55 su...
Read Post [Posted on 06/17/2014 By Betty Marie Sandoval]
Supposed mail from the IRS referring to past due property taxes or a property tax lien is a scam, according to Kaufman County Tax Assessor-Collector Tonya Ratcliff.Some area residents reported receiving paperwork claiming they owed a large sum in property taxes but would settle for a lesser amount. The letter “makes out like (the resident) has an IRS bill related to their property tax and they owe...
Read Post [Posted on 06/15/2014 By John Askins]
Have you received your 2014 assessed property value from the County's Appraisal District office for your area?  Did you notice an increase in 2014 assessed value assigned to your property (compared to 2013)?  Many homeowners will see an increase and may be please to know that property values are back on the rise after several years of nose diving values.  But an increase in your ass...
Read Post [Posted on 06/11/2014 By Tricia Frazier]
Next
Find a Blog
Agent name
Blog name