Chapter 16
It’s So Taxing: Real Estate Assessment and Taxes
IN THIS CHAPTER
Finding out who collects real estate taxes (and why)
Discovering how to calculate real estate taxes
Checking out different kinds of tax exemptions
Looking at ways to protest your tax assessment
Getting the scoop on tax liens and sales
The only sure things in life are death and taxes. I don’t know who said that, but it’s true. If you own real estate, you’ll pay taxes on it. You may pay more or less than someone who owns the same house in a different neighborhood, town, or city. You may have an exemption that reduces your payments or relieves you of payments for a while. Or you may not be able to pay your taxes and end up losing your property.
People who buy property are concerned about the taxes they pay and will ask you (if they ask nothing else) what the taxes are on the property. Buyers expect agents to know what amount of taxes is due each year on a piece of property. State exam writers expect you to know ...
Get Real Estate License Exams For Dummies with Online Practice Tests, 4th Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
