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Tax Assessment vs Market Value | Why is the Tax Assessed Value Different than the Sales Price?
 
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Arlington, VA real estate agent and Realtor Matt Leighton talks about the differences between the tax assessment and the market value (sales price) of a property. Subscribe for more videos: http://www.youtube.com/subscription_center?add_user=themattleighton Real Estate Continuing Education Online Classes: https://goo.gl/Cr4Tpf Looking for a real estate agent in your city? I have a network of top producing agents around the country. Email me and I can put you in contact with an agent in your area [email protected] Find Matt here: https://www.snapchat.com/add/mpleighton https://www.facebook.com/TheMattLeighton https://twitter.com/TheMattLeighton https://instagram.com/TheMattLeighton https://www.linkedin.com/in/TheMattLeighton Tax assessment (via https://topics.arlingtonva.us/realestate/taxes-payments/real-estate-taxes/): Each year, the Department of Real Estate Assessments determines the value of real property in Arlington County. The assessment is then multiplied by the real estate tax rate, which is set by the County Board each year. Assessments begin Jan. 1. Assessors do not determine your property taxes; their job is simply to ensure that your assessment is fair and equitable. Information on tax rate and assessments: https://budget.arlingtonva.us/ Basically, the 2017 Arlington VA property tax rate is $.991 per $100 of assessed value. So a $400,000 assessed property would have property taxes equal to $3,964. The assessor usually doesn’t visually inspect the subject home or the comparable homes. So any updates are most likely not taken into consideration. They have their own calculation for coming up with the assessment. They simply look at the size of the home, the number of bedrooms and bathrooms, and if there have been any permits issued for larger renovations, that would affect the assessment as well. Improvements and current market condition are not factored in. Occasionally, you might get a knock on your door from someone in the county real estate office asking to inspect the property for appraisal reasons but this is a very rare occurrence. I think there is one way to look at the sales price and tax assessment that can help you out as you’re looking to make an offer on a home. And that is if two comparable properties come on the market. You can compare them to their respective tax assessments. So 2 similar condos in the same building come on and one is priced higher than the other…is the higher one also tax assessed for a higher amount? It should be. It could be a way to find out if one property is over-priced. If you don’t like your assessment, you can file an appeal. Don’t complain to your friends and do nothing about it. Present your case and complain formally to your jurisdiction and maybe they will lower your assessment. Video location: Penrose Square - Arlington, VA https://goo.gl/maps/Yjfd4NbHwFA2 (map) MY EQUIPMENT LINKS TO AMAZON The camera I use - https://goo.gl/3n13gS The lens I use - https://goo.gl/hS8a1s The mic I use - https://goo.gl/kSeu8J The memory card I use - https://goo.gl/t4wdXj The camera flash I use - https://goo.gl/pi2gmj The gimbal I use - https://goo.gl/xKMj8t The gorilla pod I use - https://goo.gl/jLLL5q The intervalometer I use - https://goo.gl/EV2KWo The iPad I use - https://goo.gl/G9onPp Business inquires [email protected] Matt Leighton - Arlington VA Real Estate Agent Licensed in VA and D.C. Century 21 Redwood Realty 1934 Wilson Blvd Arlington, VA 22201 https://www.youtube.com/watch?v=VinZ9K5JhgQ please note the obvious - Matt does not work for or is not affiliated at all with Arlington County.
Views: 4277 Matt Leighton
How Your Property Tax is Calculated
 
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Learn how your property taxes are calculated based on the assessed value of your home.
How to Reduce Property Taxes
 
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Are you sick of paying so much property taxes each year? There are three options that you may be able to take advantage of if you want to reduce paying more property tax. This video will outline those steps and will provide relevant links to help you save more on your taxes! http://madanca.com/index.php https://www.youtube.com/watch?v=Wce8FoHIbZQ Follow us on Twitter - https://twitter.com/Madan_CA Like us on Facebook - https://www.facebook.com/MadanCharteredAccountant Add us on Google Plus - https://plus.google.com/u/1/108551869453511666601/posts Download any of our free eBooks available on our website: http://madanca.com/free-tax-secrets/ (Including Tax Tips for Canadians, Personal Tax Planning Guide for Canadians: 2014 Edition and 20 Tax Secrets for Canadians) Time line: 00:31 -- what is property tax? 01:29 -- how to reduce property tax? 01:36 -- appeal the assessed value of your property 02:17 -- provincial land tax deferral program for low-income senior and low-income persons with disabilities 03:09 -- Ontario senior homeowner's property tax grant Disclaimer: The information provided in this video is intended to provide general information. The information does not take into account your personal situation and is not intended to be used without consultation from accounting and financial professionals. Allan Madan and Madan Chartered Accountant will not be held liable for any problems that arise from the usage of the information provided in this video.
Views: 10338 Allan Madan
Property Tax Values: How to handle value increases
 
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Property Tax Values: How to handle value increases **Information is specific to Texas** Today Stephanie Johnston of The Johnston Team, and Service First Mortgage, gives some tips on how to better understand your property taxes. Some keys points to remember are: -Reviewing your property tax valuation received around early May -Protesting the value by the deadline if applicable (most counties have a deadline of May 31st) -Use your trusted REALTOR as a source for comps for the dispute -If your taxes are going to rise for the year ensure you take action now -Understand how much more is needed in your escrow account with the increase in property taxes -In October the final bill will be published I hope this video helps to bring a little clarity to property taxes and increasing tax values. With any questions contact me TODAY! 214-576-2934 | www.StephJohnston.com | [email protected]
Views: 323 Stephanie Johnston
Determining Property Value the Right Way
 
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http://www.freedommentor.com/determining-property-value/ - Discover the right way to determining property value.
Views: 478891 Phil Pustejovsky
How to Successfully Protest your Texas Property Taxes
 
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Blown away by your 2016 notice of appraised value? Many Austin-area homeowners saw significant jumps this year. Your home's appraised value determines the annual property tax owed. The burden of proving an increased value is on the appraisal district. I created this video to help you navigate the process and be successful in lowering your appraised value and paying less taxes. For up to date information please read my April 2018 blog with updated tips on how to be successful at your protest: https://www.homesalesaustintexas.com/10-tips-for-a-successful-2018-tax-protest/ Here are the links to appraisal districts where you can look up values of nearby homes: Travis County: http://www.traviscad.org/property_search.html Williamson County: http://search.wcad.org/ Hays County: http://propertysearch.hayscad.com/Appraisal/PublicAccess/PropertySearch.aspx?PropertySearchType=1&SelectedItem=10&PropertyID=&PropertyOwnerID=&NodeID=11 If the property you live in is your primary residence, be sure you have filed a homestead exemption to lower your taxes (the appraised value for a homestead property cannot increase more than 10% per year). Learn about over 65, Disability and other exemptions: http://www.traviscad.org/faq_exemptions.html Prefer to hire someone to handle your property taxes? Here are some contacts for that and I recommend contacting them early as they get booked: Laura Casey http://www.llcasey.com/laura-casey.html Five Stone Tax http://www.fivestonetax.com/ Texas Pro Tax http://texasprotax.com/ Did my tips help you out? I'd love for you comment below on how your hearing went. Best of luck! An Austin resident since 1978, I have been a licensed Realtor in Austin, Texas since 2003. I partnered with my mother and former real estate agent, Judy DeWitt, from 2003 - 2014 (thus the name Family Pair of my website) and we have helped hundreds of clients. I welcome you to browse my stellar client reviews on Yelp or Facebook. You can contact me at [email protected] or (512) 773-3214. http://www.homesalesaustintexas.com/ https://www.facebook.com/wellsbranchrealestate?ref=hl http://www.yelp.com/biz/tammy-dewitt-le-horizon-realty-austin-austin Kudos to my amazing daughter who filmed and edited this video. I could not have made it without her!
Income Tax (House/Property) | Pay Tax on Annual Rental Value
 
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~~~~~~~~~~ VIDEO IS ABOUT: Income Tax, Income from House or Property, Income Tax on Annual Rental Value or Annual Letable Value, Income Tax on House/Property Rent, How to Calculate Annual Rental Value of House/Property, Pay Tax on Annual Rental Value not on Rent Received... ~~~~~~~ ABOUT US: Hello Friends, We regularly post Videos related to Income Tax and GST (Goods and Services Tax) on our YouTube Channel. If You want to co-relate with us in making a healthy and vigilant environment of Taxation. Plz Hit "SUBSCRIBE BUTTON" and also "NOTIFICATION BELL ICON" next to it. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~ CONNECT WITH US ON SOCIAL NETWORKS: Twitter: http://www.twitter.com/drpawanjaiswal Facebook: http://www.facebook.com/drpawanjaiswal LinkedIn: http://www.linkedin.com/in/drpawanjaiswal
Is Your Property Tax Value Calculated Correctly?
 
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Welcome to Advantax. I'm Owen Jensen with your PropTax Minute. No one in their right mind wants to overpay property taxes. But it happens, and you may be doing it yourself without even knowing it. Did you know that the square footage used to calculate the property tax value on your real estate could be wrong and may result in the overpayment of property taxes? With thousands of facilities to measure there are bound to be some mistakes. We recently found this out with the building that Advantax occupies. For some reason, the records at the assessor's office got a little mixed up and the square footage they were utilizing was significantly higher. On the surface looking at your square footage may not seem like a big deal, however, it may result in a significant over assessment and that is troubling. In our case it resulted in an increase exceeding 20%. When is the last time you reviewed the assessor's square footage of your real estate? Are you sure it is correct? Does it match up with your measurement? If not, check it out and get it corrected. After all, we're talking about your money here, and why spend more than you have to. If you need assistance in reviewing your property record cards, we can help. Contact us at advantax.com. Thanks for watching.
Views: 162 Advantax
Why You Should Dispute Your Property Tax Value
 
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In this video Casey discusses the importance of disputing your property tax assessed value, especially in Texas, and how it's beneficial for your financial future. To get free help on your Tarrant County tax assessments, email Casey at the address provided in the video.
Views: 723 Casey Lewis
3 Fatal Mistakes in Buying Land
 
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http://www.3fatallandbuyingmistakes.com Hi, Mark the LandGeek here. Let's talk about those 3 fatal mistakes that I see the average real estate investor making every single day. First big mistake -- you've got to call the county recorder and confirm that that seller owns the property. So what do you do? First of all, you find out exactly what county that property is located in. Then you quickly go on at naco.org, and it's www.naco.org. That lists all the counties in the country. Do a quick search. You can do with the state, you can do the county -- whatever you want to do, but make sure you go there. Then all you need to do is if you don't want to talk on the phone, you can email the recorder and simply ask who owns this property at this legal description. They will email you back where they'll tell you it's Frontier Equity Properties LLC. When was it recorded? And that gives you a big clue as to how long did that seller own that property. Are they buying it for long-term? Are they flipping it? What's going on with that property? It kind of gives you a little bit more in the story anyways. So now you've got that information. Again, email our seller now and say, "Hey, can you fax me or email me a copy of your recorded deed for that property?" When they do it, we get to go, to take some time, a little sketchy. If they don't do it at all, don't buy the property. What I have seen is people go online and they can just easily copy now whatever ad is online and say, "Hey, that's my property". They can use a fake PayPal account or a fake Escrow account and take people's money. The typical term for this is a 'phishing' scam. That is the number one fatal mistake that I see people make. You've got to confirm that that seller owns that property; otherwise, who knows what you are getting into. Now there are situations where I have actually sold property on an auction and that's a whole other ballgame because I am just controlling that. If that's the case, then you need to have a copy of the auction agreement to see that they are controlling that property. Otherwise, look out - not a good thing at all! All right, second most fatal mistake I see the average real estate investor making online is they get really excited about the property. They are going to build their dream home there or they are going to put their RV on the property. They are just going to camp out and hang out six months out of the year, or they are going to raise sheep, they are going to do something cool on that property. But they don't confirm with the County Planning and Zoning Commission if what their use for that property is allowed. And so they will invest thousands of dollars, ultimately to be disappointed, and 99.9% of the sellers out there, they don't guarantee that property. You are stuck with it and now whatever dream you had to do on that property is wasted, and then you've got to go on and try to resell that property and so whole hassle and just a big bar of disappointment. So, what do you do? Like we did with the first mistake, we've got to contact the County Planning & Zoning Commission. We are going to go back to our website www.naco.org. We are going to find our county and we are going to call or email planning and zoning. We are going to give them the legal description of that property along with the assessor's parcel number and we are just going to ask the questions -- what restrictions are on this property? What can I do on this property? Can I build a house? Can I raise sheep? Can I camp? Can I put my RV? All these things are very important when trying to determine that your use for that property is allowed. So it's very, very important that you do that. The third most common fatal mistake I see buyers making every day and being really, really disappointing with their purchase, is not calling the County Treasurer to confirm that the taxes are paid current. This one is really something that I have seen time and time again, bite people on the tush. So it's really important that again, we are going to go back to our site www.naco.org -- N-A-C-O, we are going to find our County Treasurer, then we are going to shoot them an email -- again, with the legal description and assessor's parcel number and that information you should be able to get from your seller very easily and it should be on the ad. If it's not, you need to email your seller and get that information. And then you are simply going to confirm the taxes are paid current. If they are not paid current, you need to email your seller and ask them, "Who is responsible for these back taxes? I assume you are." If they say, "Oh, you are responsible for those back taxes", then you've got a decision to make. Well, how much are they if their owner is going to pass on that deal? If they are reasonable and you are getting at a good price, well, maybe pay the back taxes -- big deal. http://www.3FatalLandBuyingMistakes.com
Views: 509304 Mark Podolsky
How do I calculate my property taxes?
 
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http://www.taxgrievanceauthority.com When filing a Property Tax Grievance homeowners must understand of how property taxes are calculated, this includes understanding the assessment and tax rates!
Views: 1560 PropertyTaxGrievance
Tax Assessed vs Appraised vs Real Market Value
 
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In this video the differences between property tax assessed, appraised and real estate market are explained. http://www.honoluluhi5.com 808-943-9000 Honolulu HI 5 LLC 1833 Kalakaua Ave #207 Honolulu HI 96815
Views: 2730 Hawaii Living
Capital Gains Tax on the Sale of Real Estate
 
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Have a 1031 exchange question you'd like addressed? Post it in the comments! A basic calculation of tax on the cash-out of an investment property of real estate and the potential to defer these taxes by reinvesting sales revenue into a 1031 like-kind exchange.
Views: 65408 Accruit
How to Calculate Numbers on a Rental Property
 
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Discover our straight-forward and easy to use formula for calculating the numbers on a prospective rental property purchase. Welcome to Hipster’s first how-to video! I’m going to show you how to run quick numbers on a rental property. You can use this easy and fast formula for any property you’re looking at. I'll be behind the scenes doing the calculations on my white board and calculator (yes, it really is that big!) to show you how it works. This is an actual rental property I'm using as an example, including the actual purchase price and numbers. (You have to love my handwriting!) You always want to verify the numbers you run before you buy any property (for example, with a property manager), but it helps to do your homework first. This particular house is in Indianapolis and gets $1,075 in rent. It was built in 2002. Super cute little house: three bedroom, two bath. But all we care about right now is the numbers… Want to know more about the latest deals? Subscribe to our Newsletter: http://goo.gl/41tmRK ----- Are you a responsible professional ages 30-49 and want to make smart investments? Have you thought about real estate investing but ruled it out because it sounded complicated or risky? Do you want to grow your money, but are worried about scams and ripoffs? Are you a cool person who I’d just enjoy saying “hi” to? If you answered "YES" to any of those questions, then we should talk. I help people just like you to find smart, safe, passive real estate investments so your money is working hard for you, even if you lack real estate investing knowledge. If you're cautious or nervous, then I can help you get educated on the best real estate investments possible and guide you towards getting that first investment property under your belt. When the passive income starts flowing, you'll be hooked and be ready for more properties, and I can introduce you to actual high quality deals and partners that I would, and do, actually invest in myself. I promise, I won’t refer you to anyone I haven’t personally bought through myself. (true story)
Views: 365515 Hipster Investments
Use Online Property Tax Calculator for Estimating Value of Property Tax
 
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Now a day most of Property Owner are using property tax calculator for estimating value of property tax. 1800 Law Firm provide accurate Property Tax Estimator for calculating value of tax on Property. If you find you are paying over tax on your property then you have to need of Property Tax Assessment service for Property Tax Appeal. For more information visit............ www.property-tax-calculator.com
Views: 122 Jeff Jones
5 Tax Saving Tips for Real Estate Investors
 
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http://www.freedommentor.com/real-estate-investment-taxes/ Here are 5 tax saving tips every real estate investor should know.
Views: 96160 Phil Pustejovsky
Property Tax Calculation - Capital Value System in Mumbai (Hindi)
 
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Capital Value System (CVS), a property tax calculation method is explained in hindi. In Mumbai, CVS is implemented and property tax payment can be done online for Mumbai. Related Videos: Ready Reckoner Rate: https://youtu.be/A5AFk3Dt8oM FSI - Floor Space Index: https://youtu.be/Nw9w2xhzU1M Property Tax Unit Area System: https://youtu.be/f5CGokBnzbc Annual Rental Value for Property Tax: https://youtu.be/GNjsC_wWj3s इस वीडियो में प्रॉपर्टी टैक्स कैलकुलेशन के एक मेथड कैपिटल वैल्यू सिस्टम (CVS) को समझाया गया है। मुंबई में CVS मेथड को इम्प्लीमेंट किया गया है और मुंबई के लिए प्रॉपर्टी टैक्स पेमेंट ऑनलाइन की जा सकती है। Share this Video: https://youtu.be/YQmUN6_MFKQ Subscribe To Our Channel and Get More Property and Real Estate Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: How to calculate Mumbai property tax? What is capital value system? How to calculate property tax in Mumbai using capital value system? How capital value system is used for property tax calculation is Mumbai? How to calculate property tax with capital value system (CVS)? How to do property tax calculation for a property in Mumbai? How capital value is calculated? What is the formula for calculating the capital value of a property? What is the capital value system formula for property tax calculation? What is the concept and calculation formula of CVS? What all factors are used in capital value system (CVS) of property tax calculation? Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Pinterest - http://pinterest.com/assetyogi/ Facebook – https://www.facebook.com/assetyogi Linkedin - http://www.linkedin.com/company/asset-yogi Twitter - http://twitter.com/assetyogi Google Plus – https://plus.google.com/+assetyogi-ay Instagram - http://instagram.com/assetyogi Hope you liked this video in Hindi on “Property Tax Calculation - Capital Value System in Mumbai”.
Views: 1627 Asset Yogi
Rental Property Tax Deductions
 
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Rental Property Tax Deductions My mentor in real estate investing once said "if you invest in real estate and you're paying taxes then you're doing it wrong." In this video we are walking through ten tax deductions that you can take today if you're a real estate investor. VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp1LPllyyeQho_ouMhrbOy6 VIDEOS ABOUT REAL ESTATE NEWS https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp7aUQgMPmAanHSYgP-UI0i SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://www.youtube.com/c/MorrisInvest BOOK A CALL WITH OUR TEAM TODAY AT MORRIS INVEST: http://www.morrisinvest.com LISTEN TO THE PODCAST: iTunes: https://itunes.apple.com/us/podcast/investing-in-real-estate-clayton/id1115024566?mt=2 FOLLOW ME ON SOCIAL MEDIA: Twitter: http://www.twitter.com/claytonmorris Facebook: https://www.facebook.com/MorrisInvest Instagram: https://www.instagram.com/claytonmorris
Views: 108991 Morris Invest
Tax Lien Investing Pros and Cons
 
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http://www.freedommentor.com/tax-lien-investing-pros-and-cons/ Discover the pros and cons of tax lien investing from the real world of real estate investing.
Views: 220440 Phil Pustejovsky
Calculating Numbers on a Rental Property [Using The Four Square Method!]
 
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Learn how to analyze a rental property with the unique "four square" method and make sure your next rental property investment is a cash cow! In this video from BiggerPockets.com, Brandon Turner (author of The Book on Rental Property Investing and co-host of the BiggerPockets Podcast) shares with you the step by step method for determining the monthly cash flow and cash on cash return for any rental property investment. Calculating the numbers on a rental property doesn't need to be difficult - and this video proves it.
Views: 1086889 BiggerPockets
Property Tax - How do I know my property value (3 ways to value)
 
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Do you know why you pay your property tax bill? Find out how to actually find your property tax assessment. https://navitax.ca/
Views: 7 Navitax
Annual Rental Value for Property Tax - Hindi
 
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Annual Rental Value (ARV), a property tax calculation method is explained in hindi. It is implemented in Hyderabad (GHMC) and Chennai. You can pay GHMC property tax online and also Chennai property tax can be paid online through chennai corporation website. Related Videos: Property Tax Unit Area System: https://youtu.be/f5CGokBnzbc Property Tax Capital Value System: https://youtu.be/YQmUN6_MFKQ Plinth Area: https://youtu.be/7goLS4yosuA इस वीडियो में प्रॉपर्टी टैक्स कैलकुलेशन मेथड एनुअल रेंटल वैल्यू (ARV) को हिंदी में समझाया गया है। इस मेथड को हैदराबाद (GHMC) और चेन्नई में लागु किया गया है। आप ऑनलाइन ही GHMC प्रॉपर्टी टैक्स पे कर सकते हैं और प्रॉपर्टी टैक्स को चेन्नई कारपोरेशन वेबसाइट के माध्यम से ऑनलाइन पेमेन्ट कर सकते है। Share this Video: https://youtu.be/GNjsC_wWj3s Subscribe To Our Channel and Get More Property and Real Estate Tips: https://www.youtube.com/channel/UCsNxHPbaCWL1tKw2hxGQD6g If you want to become an Expert Real Estate investor, please visit our website https://assetyogi.com now and Subscribe to our newsletter. In this video, we have explained: What is the concept of annual rental value for property tax? How property tax is calculated in Hyderabad (GHMC) and Chennai? How property tax is calculated using the annual rental value of the property? What is the calculation formula for annual rental value method of property tax calculation? How to do online property tax calculation? What is ARV and what is the calculation formula of ARV? How to calculate property tax for a property in Hyderabad and Chennai? How to pay property tax online for a property in Chennai? How property tax payment can be done online in Hyderabad? How to do property tax calculation for the property in Hyderabad and Chennai? What is the drawback of annual rental value method for property tax? Make sure to Like and Share this video. Other Great Resources AssetYogi – http://assetyogi.com/ Follow Us: Pinterest - http://pinterest.com/assetyogi/ Facebook – https://www.facebook.com/assetyogi Twitter - http://twitter.com/assetyogi Linkedin - http://www.linkedin.com/company/asset-yogi Instagram - http://instagram.com/assetyogi Google Plus – https://plus.google.com/+assetyogi-ay Hope you liked this video in Hindi on “Annual Rental Value for Property Tax”.
Views: 1710 Asset Yogi
Rental Property Depreciation
 
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Rental Property Depreciation and How to Understand It. What is rental property depreciation? It’s defined as a reduction in the value of an asset over time. In this video, I’m explaining why depreciation is one of the most powerful benefits of real estate investing. Depreciation is important because it helps you keep more money in your pocket, instead of sending it off to the federal government at tax time. Depreciation is a fantastic way to mitigate your overall tax burden, so you’ll want to know exactly how it works. This video contains a specific example of how to calculate depreciation, and how it works inside the current tax code. I’ll also discuss a way to elevate your depreciation strategy, and discuss how raw land ties into this topic. VIDEOS ABOUT GETTING STARTED IN REAL ESTATE https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp1LPllyyeQho_ouMhrbOy6 VIDEOS ABOUT REAL ESTATE NEWS https://www.youtube.com/playlist?list=PLZdhTWJ6Yawp7aUQgMPmAanHSYgP-UI0i SUBSCRIBE AND JOIN OUR AWESOME COMMUNITY: https://www.youtube.com/c/MorrisInvest
Views: 31870 Morris Invest
Why Property Taxes Go Up When Value of Home Goes Down
 
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The number one question I receive when talking with constituents is, "Hey Dan, why do my property taxes go up when the value of my home goes down?" Here is a brief video that details why this happens.
3 very important things to know before your Texas property tax protest
 
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If you are about to complete your efile or do an informal hearing to protest your Texas property taxes, this video is a must see. I explain 3 key points that are often confusing to people. Understanding these areas of potential confusion will improve your chances for a successful protest. I wish you the best of luck and hope you reduce your tax bill! For up to date information please read my April 2018 blog with updated tips on how to be successful at your protest: https://www.homesalesaustintexas.com/10-tips-for-a-successful-2018-tax-protest/ An Austin resident since 1978, I have been a top-producing Realtor in Austin, Texas since 2003. I have helped clients all over the city including North, South and Central Austin, Round Rock, Pflugerville, Cedar Park, Georgetown, Leander, Manor, Lakeway, Dripping Springs and more. I welcome you to browse my stellar client reviews on Yelp or Facebook. Please visit me at my new site http://www.HomeSalesAustinTexas.com/ or you may contact me at [email protected] or (512) 773-3214. http://www.HomeSalesAustinTexas.com/ https://www.facebook.com/wellsbranchrealestate?ref=hl http://www.yelp.com/biz/tammy-dewitt-le-horizon-realty-austin-austin
The 7 BEST Tax Write-Offs when Investing in Real Estate!
 
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Here are my 7 favorite tax write offs when it comes to owning real estate or investment property and a few examples of how each of them apply. Enjoy! Feel free to add me on Snapchat / Instagram: GPStephan Owning real estate is much more than just owning a cash producing property that provides monthly profits, what makes it really unique against almost every other investment is the tax write offs associated with it. In real estate, a return could be calculated in so many different ways besides “I get $1000 per month in rent.” What makes real estate really special is that you could often make money every month, but on paper show a loss…and this cancels out your tax obligation. Here are some of the tax write offs that make real estate a phenomenal investment. 1. Mortgage interest write off - On an investment property, the interest that you pay on your mortgage is a write off against your rental income. On a primary residence, the mortgage interest on the first $750,000 could also be a write off, potentially saving thousands in owed taxes. 2. Property taxes - This is another deduction you can write off against your rental and personal income. As a primary residence, you’re allowed to deduct the first $10,000 of your property tax against your personal income As an investment property, you can still deduct 100% of your property taxes against your rental income. 3. Depreciation - This is what often leads you to be positive in your bank account each month, but on paper you could show a loss, lowering the amount you’d pay taxes on. With rental property, you’re allowed to depreciate the asset over a certain period of time. Cost segregation analysis can sometimes speed this dramatically. However, keep in mind that because you’re depreciating a property, eventually the tax you depreciate will need to be paid at the time of sale if you DON’T 1031 it, so it’s not a tax avoidance entirely, but this works great if you plan to keep the home as a rental or eventually do a 1031 exchange later on. 4. 1031 exchange. This is a very popular real estate tax benefit that almost every real estate investor uses. This means that you can sell your property and “Exchange” it for a like property of similar or greater value without paying taxes at the time of the same sale. This is how many people can buy and sell millions without ever paying capital gains taxes, as long as they don’t sell and continue 1031 exchanging properties. 5. Capital gains exclusion on a primary residence: As long as you’ve lived in the home for 2 of the last 5 years, you can sell a your primary residence up to $250,000 HIGHER than you bought it for if you’re single, or $500,000 if you’re married, without owning capital gains tax. 6. Cash out refinance - When used against a rental property, you can refinance the extra equity in the property and pull out the profits tax free. Even though this is technically a loan you have to pay back, you’re borrowing from the existing equity and using that money without paying taxes on the money that hit your account. This gets a little more complicated as a primary residence, but on a rental, this is a huge advantage because the new mortgage you pay on the amount pulled out counts against your rental income…so you can use this money for pretty much whatever you want, hopefully just to re-invest. 7. Finally, rental property income is not taxed as self employment income, which carries a 15.3% self employment tax (not fun). But keep in mind this is also dependent on how you hold the property and specific ways you’re treating your income. Disclosure: I am not a tax consultant or CPA. These are just a few tax advantages I have used myself and I have simplified these significantly for purposes of explaining them on YouTube. Check with your own accountant or CPA because every situation is going to be unique. For business inquiries or one-on-one real estate investing/real estate agent consulting or coaching, you can reach me at [email protected] Suggested reading: The Millionaire Real Estate Agent: http://goo.gl/TPTSVC Your money or your life: https://goo.gl/fmlaJR The Millionaire Real Estate Investor: https://goo.gl/sV9xtl How to Win Friends and Influence People: https://goo.gl/1f3Meq Think and grow rich: https://goo.gl/SSKlyu Awaken the giant within: https://goo.gl/niIAEI The Book on Rental Property Investing: https://goo.gl/qtJqFq Favorite Credit Cards: Chase Sapphire Reserve - https://goo.gl/sT68EC American Express Platinum - https://goo.gl/C9n4e3
Views: 19073 Graham Stephan
In California, How Can I Transfer My Property Tax Assessment Value To A Different Property?
 
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http://www.glendoralaw.com/ Newell & Havens 333 W. Foothill Blvd. Glendora, CA 91741 (626) 385-6303 The manner in which you can transfer your property tax assessment value to a different property has been simplified in this video. For More Information About Real Estate, Please Visit: https://en.wikipedia.org/wiki/Property_law For More Videos, Please Subscribe Our Channel: https://www.youtube.com/channel/UCXI-t317kcSUdPK7gAgQoKQ Related Video: https://youtu.be/x1bWO57Knao
How capital gains tax works - MoneyWeek Investment Tutorials
 
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Before you sell an investment, you need to think about the tax on any profits you make. In this video, Tim Bennett introduces capital gains tax.
Views: 119254 MoneyWeek
Property Tax Appeal Answer #7 Is assessed value the same as the market value?
 
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Visit: http://HouseTaxAx.com If you want to know the answer to this question and 10 more bonus videos that answer the most commonly and frequently asked questions about doing you own property tax appeal, get those answers and other Property Tax Guidelines, simply visit http://HouseTaxAx.com/videos.htm or, for the complete guidebook, http://www.housetaxax.com
Views: 183 ztargate
The relationship between property assessment and property taxes
 
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Every wonder how your municipality determines how much you pay in property taxes?
Views: 11182 Niagara Region
Keep Your Property Tax Value in Los Angeles County with 55+ Prop 60 and 90
 
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In almost 15 years of selling homes in Los Angeles County only twice has a client utilized this tax saving proposition. 60 for within L.A. County, 90 for outside of L.A. County. There are eligibility requirements and restrictions. But, for anyone around 55 and looking to downsize...look at the assessors site on line....prop 60 or 90 may save you a ton of moolah on your property taxes when you move! ~ Lauren Lefkowitz Greber ~ Realty Executives Valencia ~ KeepYourWitz.com ~ (661) 964-1610 x 3317 ~
Views: 88 WitzRealEstate
De-enveloping high value residential property tax in the UK - Graeme Perry of SykesAnderson 2013
 
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If you own own a residential property in the UK valued at over £2 million in the name of a company you may have to pay an annual tax starting at £15,000 and going up to £140,000 depending on the value of the property. They will also pay capital gains tax on a sale of the property at 28% on any increase in value from 5 April 2013 onwards.
Austin Real Estate: Key Steps in Protesting Your Home's Property Tax Value
 
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I've been lucky to be able to help a lot of people lately protest their property tax assessment. Recently, I tried my luck for a few properties of my own. While protesting these assessments, I found that there are a few key things you can do to drastically improve your chances of getting your assessed value lowered. These tips will be especially helpful if you're protesting the assessed value based on the home's condition. To learn more, watch my latest video. http://myrealtyaustin.blogspot.com/2017/06/key-steps-in-protesting-your-homes.html Looking to sell your Austin area home? Get a FREE home value report: https://www.realtyaustin.com/t/Kevin-McCarthy/property-valuation.php Looking to buy an Austin area home? Search all homes: https://www.realtyaustin.com/t/Kevin-McCarthy/idx/ Kevin McCarthy | Realty Austin 2206 Flaming Tree Ct Cedar Park, TX 78613 (512) 587-4050 | [email protected] www.myrealtyaustin.com
Views: 56 Kevin McCarthy
Why does my property tax bill seem so big?
 
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Does your county really want that much money in property taxes? It might surprise you who takes the biggest bite out of that bill and how much your county does with such a small portion of it.
Views: 5437 Texas Counties
Secrets to Foreclosure Auctions and Tax Deed Sales
 
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Discover what to do (and what NOT to do) when buying real estate at Foreclosure Auctions and Tax Deed Sales (also known as Tax Foreclosures). Although there are many pitfalls, this video shows you how to steer clear of them as well as make wise decisions when bidding. This is a must watch for anyone considering bidding on a property at a foreclosure auction or tax deed sale (tax foreclosure).
Views: 221360 Phil Pustejovsky
Tax Deductions for First Time Home Buyers
 
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So you're pretty excited you bought your first home and you heard there are some pretty sweet tax deductions that will get you gobs of money back, cause after all it took truckloads of money to buy the thing so you should get some of that money back right? well, not exactly. You MAY or MAY NOT be able to deduct the expenses on your home there are a bunch of factors we need to consider so lets go thru the pieces... First, what can you deduct? When you first buy the home you can deduct any points you may have paid with the loan. You can check your settlement sheet to find them listed usually as loan origination fees. Points, are basically a % of the loan amount...so 1 point is equal to 1% of the loan amount. I would recommend that you don't pay points, your interest rate will be slightly higher, but over time most people don't stay in their home for 30 years or they'll refinance often... so better to save the up front costs. So if you OR the seller paid points they could be deductible for your new home purchase. Every year you'll be able to deduct the Real Estate Taxes and any Mortgage Interest that you spend as well as Mortgage Insurance, not home owners insurance, mortgage insurance premium, MIP for short, is the insurance you have to pay each month since you don't have 80% equity in the house. (the laws keep changing whether you can take the MIP) Just a side note here, you can get the MIP removed as soon as you hit the 80% value so pay attention, most times the mortgage company won't let you know when that occurs, and there are some things you can do to get rid of it sooner, like pay down the loan to the 80% value OR you could increase the value of the property thru remodeling and renovations. That's pretty much all you can deduct for your home, real estate taxes, mortgage interest, MIP & points paid in the first year of purchase. So what's that translate into for your refund? Begin by adding those numbers together with any other deductions you might have like medical expenses your spend over 10% of your income, state and local taxes, charities and work expenses you spend over 2% of your income. If that number goes over $12,400 for a married couple or $6200 for a single person, you would multiply the excess by your tax bracket, so if your in a 15% tax bracket you would get 15 cents for every dollar over $12,400 or $6200. so $1000 over you'd get back $150 dollars in your refund. If you didn't go over the 12,400 then you get nothing extra for having deductions. You may have spent a lot to purchase the home and not really see very much back in your refund. Buying at the end of the year won't help your cause much either.
Views: 29719 Ambrozy Accounting
Tax Auction prices are going up and property value is too
 
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Property Prices are going at the auction
City Tax Assessment Vs Market Value
 
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Ever wondered how the city comes up with their property tax value of your home? There's a difference between your homes current market value and the city's assessed taxation amount. Check out this great video where I explain the differences. If you'd like a market analysis of where your home sits on the current market, drop me a line and I'd love to sit down with you to discuss. Don't forget to subscribe to my channel where you'll be kept up to date with everything real estate and community related. https://www.youtube.com/channel/UC_PtYYZP0zb4bQwqH-1CCzA https://www.smylskirealty.com https://www.facebook.com/smylskirealty/
Views: 46 Smylski Realty
Base Year Value, Property Tax Appeals in California
 
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Base Year Value, Property Tax Appeals in California For more resources on Property Tax Reduction see http://www.taxappealconsultants.com Video tutorial courtesy of the California State Board of Equalization https://www.boe.ca.gov
People Are Making Big Money Kicking Detroit Residents Out Of Their Homes (HBO)
 
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In the last 15 years, one in three Detroit properties have been foreclosed on. When most people think of foreclosure, they think of people who can’t afford to pay off their mortgages. But in Detroit, it’s often the result of people struggling to pay their property taxes. One big reason is that, in the years after the Great Recession, the city went bankrupt and failed to lower property assessments far enough to account for the impact of the housing crisis. While the value of residents’ homes fell, their taxes remained inordinately high, and tens of thousands of people fell so far behind on their inflated tax bills that the county seized their homes and sold them off at annual auctions. In recent years, the city and county have lowered assessments and offered reduced interest rates to some homeowners. But they have no plans to stop punishing those who were overcharged in the past. VICE News followed this year’s tax foreclosure auction and investigated how the county financially benefits from the process. As Detroit touts its comeback and celebrates its success in climbing out of the largest municipal bankruptcy in American history, many of the city’s residents remain on the brink of displacement. This segment originally aired December 7, 2017, on VICE News Tonight on HBO. Subscribe to VICE News here: http://bit.ly/Subscribe-to-VICE-News Check out VICE News for more: http://vicenews.com Follow VICE News here: Facebook: https://www.facebook.com/vicenews Twitter: https://twitter.com/vicenews Tumblr: http://vicenews.tumblr.com/ Instagram: http://instagram.com/vicenews More videos from the VICE network: https://www.fb.com/vicevideo
Views: 965161 VICE News
How Do I Get Help Understanding My Property Tax Bill?
 
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How Do I Get Help Understanding My Property Tax Bill?
FREE - Property Tax Value Protest - FREE help!
 
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Absolutely FREE service to all of my awesome clients/customers to help lower property tax value. Lower property value = lower yearly tax payment = lower monthly mortgage payment! It is easy and fast process that can be done from your home computer and only takes about 15min of your time! Absolutely FREE! You should do it every year! Get it done today! Don't miss the deadline Call or text me @ 832-651-8254 www.RealtyHomeSolutions.com
Views: 113 Eleny-Ly Ruiz
Property tax assesment in New Jersey, what that means for a homebuyer
 
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In New Jersey homes are assessed every 10 years in each municipality. During that 10 year period the home's value obviously increases or decreases, as well as the annual property taxes, but the assessed value remains the same. Many home buyers mistakenly believe the assessed value is what the home is currently worth. If this were true, then home values would only change once every 10 years!
Views: 807 Jim Simmons
How The City determines the value of your home
 
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Watch this video to learn how your property is assessed. ---
Views: 564 City of Calgary
Valuations: What Is My Property Really Worth?
 
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Kevin Wolfer, President & CEO of Kennedy Funding Financial, one of the nation's largest commercial bridge lenders, explains property valuations and the role they play in securing a hard money loan.
How does the tax assessor determine value?
 
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http://www.Fair-Assessments.com 404-618-0355 Learn how the tax assessor determines value to help you prepare an effective property tax appeal. https://plus.google.com/101399122727493565879/about?hl=en
How Do I Get the Tax Value Changed On My House?
 
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http://www.DuncanLawOnline.com To get the tax value changed on your house you should contact the tax agency in the county that you live in. If you let them know you want to have the tax assessment on your house reassessed they will be able to explain the procedures you need to go to for that specific county. Duncan Law, PLLC 4801 E. Independence Blvd., #1100 Charlotte, NC 28212 (704) 563-1224 Duncan Law, PLLC 628 Green Valley Rd., #304 Greensboro, NC 27408 (336) 856-1234 Duncan Law, PLLC 3447 Robinhood Rd., #202 Winston-Salem, NC 27106 (336) 245-4294 **This informational is not meant to be legal advice. You should contact an attorney to see how your situation may be best handled.**
Views: 67 Damon Duncan
Property Tax Appeal Question #7 Is assessed value the same as the market value?
 
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http://HouseTaxAx.com/videos.htm If you want to know the answer to this question and 10 more bonus videos that answer the most commonly and frequently asked questions about doing you own property tax appeal, get those answers and other Property Tax Guidelines, simply visit http://HouseTaxAx.com/videos.htm or, for the complete guidebook, http://www.housetaxax.com
Views: 66 ztargate