Found 2 blog entries tagged as property taxes.

April is here which means it’s tax season! As a homeowner, there are more factors to consider and more tax breaks to take advantage of. You don’t want to miss out on any of these deductions or end up paying more taxes than you have to. Follow these homeowner tax tips when you file your taxes this year.

Deduct Property Taxes

You can deduct any property taxes that you pay on your federal tax return. Keep all this paperwork handy, and make sure you deduct the right amount of taxes for your tax year. Some property tax authorities work a year behind, (ie: you paid 2013 taxes in 2014) but that doesn’t matter. File a return for whatever you paid this tax year. .

Deduct Private Mortgage Insurance

If you paid less than 20% on your down payment,…

1883 Views, 0 Comments

Read Full Post

11431742405_09247fa99e_z_640_01

If you are a financially-savvy homebuyer, you probably have a budget and an appropriate price range for your home. Beyond the actual price of the home, however, there are other regular costs. One thing many buyers forget about is property taxes. Property taxes can add a significant amount to your monthly costs, so they’re important to remember. Here are some things to know about property taxes.

How much are property taxes?

The rate of property taxes differs from state to state, and even from town to town. In St. George, the property tax rate is approximately 1% of your property’s value. Property value is calculated using the market value of your land and the market value of your home. The value is assessed annually so your property tax can…

1751 Views, 0 Comments

Read Full Post