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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
The State of Texas is moving forward with a targeted crackdown on the practice of worker misclassification, which some in the construction industry have called “a cancer." Lawmakers are going to work through the summer to figure out what more they can do when they reconvene in a regular session in 2015.You may recall, the Texas Legislature in 2013 passed a bill to root out misclassifi...
Read Post [Posted on 12/09/2014 By John Askins]
1. Who is eligible to claim the $8,000 tax credit for first-time buyers?First-time home buyers who have not owned a home in the past three years and who purchase any kind of home—new or resale—are eligible for the tax credit for 10 percent of the purchase price, up to a maximum of $8,000. To qualify for the current tax credit, a home purchase must occur on or after November 6, 2009 and they must h...
Read Post [Posted on 12/05/2014 By Tiffany Markovsky]
An unpaid tax bill of just $400 could cost you your entire home in some states. One report is calling such growing cases a second “foreclosure crisis.”Local governments are stepping up their efforts to collect unpaid taxes from home owners, facing shortfalls in their budgets to pay for services like schools, road maintenance, and police and fire department costs. So in some states, laws allow muni...
Read Post [Posted on 12/05/2014 By John Askins]
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Read Post [Posted on 11/21/2014 By Susan Greer]
The U.S. Economic Development Administration has awarded $1.2 million to Pharr to build a $2.2 million international bridge center there. The project is small — a 3,000-sf facility for trade seminars and to house the Pharr-Reynosa International Bridge's administration offices — but state and local officials expect the economic implications to be big. “This is one tool that can glue all...
Read Post [Posted on 11/18/2014 By John Askins]
Property taxes in Texas If you’re moving to Texas, you need to understand a little bit about how property taxes are determined in this state. According to Texas law, all property, whether personal or used for business, is taxable at its market value.The total tax burden for any given property starts with the appraised value given to the property by the appraisal district of each county.  ...
Read Post [Posted on 11/18/2014 By Connie Inmon]
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Read Post [Posted on 11/03/2014 By Carolina James]
Facebook’s IPO and subsequent stock value points up a simple truth: It’s easy to get caught up in the notion of getting rich quick. But there’s no surer way to wealth than home ownership.As Facebook’s IPO approached, it was easy to start traveling down the “what if” path: “What if I had equity in Facebook?!? How rich would I be?”If my parents had only bought me Berkshire Hathaway st...
Read Post [Posted on 10/30/2014 By Garrett McWhorter]
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, f...
Read Post [Posted on 10/23/2014 By Garrett McWhorter]
Property taxes are an important source of revenue for city governments, but rates can vary substantially across the country.  Property taxes make up about one quarter of home ownership costs over the median duration of ownership, according to a study by two researchers with the Urban-Brookings Tax Policy Center.  The study’s authors—Benjamin H. Harris, policy director of the Hamilton P...
Read Post [Posted on 10/12/2014 By John Askins]
A new study finds high demand for quality public transportation nationwide, although that demand mostly goes unmet, according to the Who’s on Board: The 2014 Mobility Attitudes Survey from Transit Center, a look at attitudes about public transportation. Fifty-eight percent of survey respondents say their ideal neighborhood would be in a transit-friendly community that contains “a mix o...
Read Post [Posted on 10/07/2014 By John Askins]
Knowing what to expect from property taxes, and what tax relief you can use, is an essential part of budgeting for home buying.The last thing you want is to be caught off-guard by a large tax bill you aren’t in a position to pay.What are Property Taxes?Property taxes vary by area and are used to pay for local government things like education, emergency workers and libraries.Property...
Read Post [Posted on 10/06/2014 By Michelle Cannon]
1. If you've owned and lived in your home for two of the five years prior to selling it, you can generally exclude up to $250,000 of the gain from your income ($500,000 on a joint return, in most cases).2. You are not eligible for this exclusion if you sold another principal residence within the past two years and excluded the allowable gain from your income. 3. If you can exclude ALL of the ...
Read Post [Posted on 09/18/2014 By Kelly Stewart]
The Woodlands Township budget includes tax rate cut, more police hires, new buses September 10, 2014 Township budget includes tax rate cut, more police hires, new bu 3 of 4 View All Township budget includes tax rate cut, more police hires, new bu Township budget includes tax rate cut, more police hires, new bu 4 of 4 View All Township budget inc...
Read Post [Posted on 09/15/2014 By Cecelia Smith]
While being a landlord certainly has its cons, tops among its pros are the tax deductions rental homeowners enjoy.From finding tenants to fixing faucets, renting out a home can be a lot of work. If that doesn’t dissuade you, you’ll appreciate collecting the rent checks and taking advantage of tax deductions.In fact, you can use many rental property expenses to offset your rental income. IRS Public...
Read Post [Posted on 09/04/2014 By Garrett McWhorter]
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