Property Tax Reduction Rules and How You Can Save More

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PROPERTY TAX

REDUCTION RULES How You Can Save More

www.cutmytaxes.com


INTRODUCTION Property tax reduction is accomplished by claiming your exemptions and property tax appeals / protests. You can protest your property taxes for free at no cost, only with the exception of a few states with a property tax protest filing fee. Stop overpaying your property taxes and reduce your property taxes by claiming a homestead exemption for your residence and protest your property tax assessment.


WHAT’S DEDUCTIBLE? You can deduct your property and real estate taxes you pay on your: Primary home Vacation homes Land Property outside the United States


WHAT’S NOT DEDUCTIBLE? The IRS does not allow property tax deductions for,

Properties you don't own Property tax you haven’t paid at this point Transfer taxes on the sale of house Homeowners association assessments


HOW TO GET A PROPERTY TAX DEDUCTION? Save your registration statements At the point when it’s time to renew your registration on a vehicle, check if any part of the fee is actually property tax. There could be a tax deduction hiding in there.

Analyze your closing paperwork If you bought or sold a house, remember and look at what you paid at closing for property taxes. It’s easy to overlook. Also, when the tax assessor has a chance to revalue the property, you might get a second tax bill.


To Know more, Reach

www.cutmytaxes.com


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