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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
I am always amazed when I go to list someone's property (to sell) to find that after living in their home for years, they have never filed for a TEXAS HOMESTEAD EXEMPTION.  This benefit is 1 of the main reasons owning a home (instead of renting) is such a benefit, because of the big tax savings$.  This week we will benefit even further.  The following press release explains it a...
Read Post [Posted on 02/28/2015 By Mary Ann Lipsey]
With the tax season upon us, these tips on what tax information you should keep and what you can toss should come in handy. http://www.houselogic.com/home-advice/taxes-incentives/how-long-to-keep-tax-records/
Read Post [Posted on 02/26/2015 By James Hall]
When you took out a mortgage to buy your home, did you pay points? You may be able to deduct that prepaid interest on your federal tax return — but only if you meet a long list of rules. If you determine that your purchase mortgage points are deductible, you'll report them on Schedule A of Form 1040. Image: Liz Foreman for HouseLogic The points you paid when you sig...
Read Post [Posted on 02/24/2015 By Marla Lewis]
NATIONAL ASSOCIATION OF REALTORS®’ Chief Economist, Lawrence Yun penned the following letter regarding Realtors support for the Mortgage Interest Deduction> “It’s a common misperception that the mortgage interest deduction benefits primarily the wealthy, as argued in a Washington Post editorial, 'Trim the Excessive Tax Subsidy for Real Estate.' &ldq...
Read Post [Posted on 02/22/2015 By John Askins]
The Texas Water Development Board (TWDB) last week announced the results of the first round of applications for funding for state water projects. TWDB received 48 applications totaling $5.5 billion for State Water Implementation Fund for Texas (SWIFT) funding. The largest request was from the North Harris County Regional Water Authority for $551.7 million for expansion of treatment capacity ...
Read Post [Posted on 02/19/2015 By John Askins]
Texas' state and local tax burden is once again among the lowest in the nation according to the Tax Foundation's annual ranking. Texans paid some $3,104 per capita in state and local taxes. The per-capita income of $39,142 yields a state-local tax burden of 7.9 percent, ranking the state 45th. Top-ranked New York had a tax burden of $6,375 (12.8 percent). In New Jersey it's $6,68...
Read Post [Posted on 02/08/2015 By John Askins]
9 Easy Mistakes Homeowners Make on Their Taxes Don’t rouse the IRS or pay more taxes than necessary — know the score on each home tax deduction and credit. Read Visit houselogic.com for more articles like this. Copyright 2015 NATIONAL ASSOCIATION OF REALTORS® ...
Read Post [Posted on 02/06/2015 By Carolina James]
Try to take time to check your Tax Account at http://www.brazoriacad.org/ Look at the property map as well as your property description - I am seeing changes and mistakes on owners' accounts from last year.   Also, if you need to homestead your property, do it as soon as you can. ...
Read Post [Posted on 01/23/2015 By Suzan Zachariah]
Did you purchase a home in 2014? Is this new home your primary residence? If so, congratulations! It is now time to file for your Homestead Exemption, a tax exemption for primary home owners. The exemption is free to obtain and can save you up to 20% on your property taxes. In addition to submitting the exemption application, you may also need to provide a copy of your driver's license sh...
Read Post [Posted on 01/15/2015 By Kelly Stewart]
A study finds high demand for quality public transportation nationwide, although that demand mostly goes unmet, according to the study by 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 of houses, shops, and businesses,” but only ...
Read Post [Posted on 01/14/2015 By John Askins]
Did you purchase a home between January 1, 2014 to December 31, 2014?  If so, you may be eligible for homestead exemption on that property if it is your primary residence.  It's a great way to save on your property taxes by filing for this exemption.  It's does not cost you anything to file the application and once you have filed it, and it is recorded by Harris County ...
Read Post [Posted on 01/13/2015 By Tricia Frazier]
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 o...
Read Post [Posted on 01/11/2015 By John Askins]
The U.S. Taxpayer Advocate has officially complained to Congress that the IRS is harming taxpayers when it imposes tax liens on homes. National Taxpayer Advocate Nina Olson reported that IRS agents only consider income and expenses—not other debts—when sizing up a delinquent taxpayer’s ability to pay. Research from Olson’s office also shows that tax liens do...
Read Post [Posted on 01/11/2015 By John Askins]
Now is time for filing your homestead exemption in the country where the property is located. Here’s how it works: The taxing authorities (school district and county) allow you to remove part of the taxable value of your home for tax purposes since you are using the property as your residence. Copy of drivers license showing the address of the property and Copy of car registration wit...
Read Post [Posted on 01/08/2015 By Anja Drewes]
Do not Miss These Home Tax Deductions Published: December 22, 2014 By: Dona DeZube Home Taxes & Financing Taxes & Incentives Tax Deductions A Homeowner's Guide To Taxes From mortgage interest to property tax deductions, here are the tax tips you need to get a jump on your returns. Owning a home can pay off at tax time. Take advantage of these homeownershiprelated tax deduct...
Read Post [Posted on 12/23/2014 By Harvey Wheaton]
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