Houston Real Estate Blogosphere
Houston Real Estate Blogosphere brings together all the blog posts of REALTORS from the Houston area in one place
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Property Taxes
The most recently published posts in the Property Taxes category
I have received a notice from Galveston Central Appraisal District with an increased appraised value of my League City home, and I’m not overwhelmed to say the least. I have decided to protest and have scheduled my appointment before the deadline of May31.
Preparing was a little harder though. I did not know where to start, have never protested taxes before. I went to Cheryl E. ...
Read Post [Posted on 05/24/2013 By Annette Jacobs]
School's coming to Capitol Hill over the next two days as thousands of REALTORS® meet with lawmakers to provide a refresher course on how critical the federal government's historic support for home ownership is to the country's future."We have an unprecedented situation today, because so many members of Congress are new and really don't always know how important home ownership incentives are to th...
Read Post [Posted on 05/17/2013 By John Askins]
It is no secret that our property taxes here in the Houston market are not for the faint at heart. They have to be a huge part of a buyer's decision and purchasing ability when looking for the perfect house. This was one of my lessons in real estate or (stark reminders) from the experiences of this past week.My clients and I had found an AMAZING home. It was a foreclosure th...
Read Post [Posted on 05/11/2013 By Renee Buckhoff]
As Congress pursues comprehensive tax reform it should focus on doing
no harm to housing and America’s 75 million homeowners by maintaining
current tax laws for homeownership and real estate investment, the National Association of REALTORS® said in a recent testimony.
NAR President Gary Thomas testified before the U.S. House Ways and
Means Committee concerning Federal tax provisions that af...
Read Post [Posted on 05/01/2013 By John Askins]
With the initial Tax Filing Deadline coming up today, April 15th, purchasers of second homes should be aware that, according to the IRS, taxpayers who are married and filing jointly can’t deduct interest on more than a combined total of $1 million of “home acquisition debt” for a primary and a secondary residence.Taxpayers also may deduct up to a combined total of $100,000 of home-equity debt on t...
Read Post [Posted on 04/15/2013 By John Askins]
Taxpayers
claiming a home office deduction should make sure their “home work” is
in order before turning in their “assignment” to the Internal Revenue
Service (IRS) for “grading.”“A
home office needs to be used on a regular basis,” said Dr. Jerrold
Stern, research fellow with the Real Estate Center at Texas A&M
University and professor of accounting at Indiana University.
“Incide...
Read Post [Posted on 04/09/2013 By John Askins]
It's hard to believe but true: More than 5 million Americans eligible to receive a big tax break from the government miss out on it, according to the IRS.They're eligible for the Earned Income Tax Credit—but they need to file a tax return to get it. The credit is designed to reward work and can offset federal taxes owed or create a tax refund, depending on the filer's circumstances.Nearly 26 milli...
Read Post [Posted on 04/08/2013 By John Askins]
With less than one month before income taxes are due, many of the nation’s 75 million home owners may be appreciating the value of home ownership just a bit more as they take advantage of the tax benefits of owning a home.“Owning a home offers myriad benefits throughout the year, but some of the financial advantages of home ownership are most apparent at tax time,” said former NAR President R...
Read Post [Posted on 03/31/2013 By John Askins]
In the 1970's Jack Kaman and a few other well heeled and successful entrepreneurs had a vision. They wanted to create a Master Planned community outside of the city (of Houston) where all the homes would be custom, 1500 of them, behind a safe, well thought out, gated community. And so they did. for the most part they pulled it off as planned. A lot of successful people wan...
Read Post [Posted on 03/30/2013 By Greg Bennett]
Courtesy of realtor.org
REALTORS® are not CPAs or professionals who are necessarily proficient in tax law, so with the new year upon us and as you begin to consider your 2013 tax obligations, HAR recommends that you consult your own tax advisor about your particular circumstances. That being said, here are the general details of the legislation that will potentially impact some home sellers.The A...
Read Post [Posted on 03/27/2013 By Cynthia Mullins]
The IRS clearly favors homeownership over renting and we'll take any deductions we can get. Owning a home can be expensive if not properly maintained, but here are some great tips for putting money back into your pocket come tax time.1 - Mortgage Interest is deductible: If you recently purchased a home or refinanced, more than half of your monthly payment is devoted to mortgage interest. Write it...
Read Post [Posted on 03/27/2013 By Kelly Stewart]
Check your mailbox...Harris County Appraisal District has began to mail out the property value notices. Over the next 3 weeks, current property owners can expect to receive their updated property value from HCAD.Taxable values in Harris County results:-30% of property owners will experience a decrease in property value-60% of property values will remain the same-Fewer than 10% of property ow...
Read Post [Posted on 03/22/2013 By Tricia Frazier]
Published: December 31, 2012
By: Natasha Padgitt
Which tax benefits do home owners miss? Will you get audited if you take the home office deduction? Find out the answers to these questions and more before Tax Day.
There are a lot of home ownership tax benefits — if you don’t forget to take them. To make sure you get your due, HouseLogic asked tax expert Abe Schneier, a senior technical ma...
Read Post [Posted on 03/12/2013 By Sybil Horn]
Driver License Renewal on-line: www.txdps.state.tx.us
Traffic (in Real-time) - www.houstontranstar.org
Change home address on-line - www.usps.com
Doing Business in Texas - www.Texas.gov
* Independent School District:
Houston - 713-556-6000 www.HoustonISD.org
Alief - 281-498-8110 www.AliefISD.net
Cy Fair - 281-897-4000 www.CFISD.net
Katy - 281-396-6000 www.katyisd.org
Fort Bend – 281-634-...
Read Post [Posted on 03/10/2013 By Benjamin Huynh]
Which tax benefits do home owners miss? Will you get audited if you take the home office deduction? Find out the answers to these questions and more before Tax Day.
There are a lot of home ownership tax benefits — if you don’t forget to take them. To make sure you get your due, HouseLogic asked tax expert Abe Schneier, a senior technical manager with the American Institute of CPAs, for tax-fili...
Read Post [Posted on 03/09/2013 By Sybil Horn]
