Arlis Travis’ Post

Owning real estate means understanding property taxes and assessments – they are crucial parts of homeownership that impact your budget. This post breaks down what you need to know! 🏠 What Are Property Taxes? Property taxes are levies by local governments on real estate, funding essential services like schools and roads. They are calculated based on your property's assessed value and the local tax rate. For example, if your property's assessed value is $200,000 and the tax rate is 1.5%, your annual property tax would be $3,000. 🔍 What Are Property Assessments? Assessments are evaluations to determine the value of real estate for taxation. Factors influencing assessments include location, size, features, condition, and market trends. Assessments ensure that taxes reflect the property's current value. 📝 How to Appeal a Property Assessment Think your property is over-assessed? Here’s how to appeal: 🔹 Review your assessment for accuracy. 🔹 Gather evidence like recent sales data and photographs. 🔹 File an appeal with your local assessment office. 🔹 Attend a hearing if required, presenting your evidence. 💡 Impact of Property Taxes on Homeownership High property taxes can increase homeownership costs, while low taxes make it more affordable. Always research the property tax rate when buying a home. Understanding these aspects helps you make informed real estate decisions, avoid overpayment, and manage your finances better. Stay proactive and informed to secure your investment and enhance your financial planning! For expert guidance, contact Keller Williams Preferred Properties at 240-737-5000, email jamaldaniels@kw.com, or visit https://lnkd.in/ewmnyzzm. We're here to help you make smart real estate decisions! 🏡💼📈 #RealEstate #Homeownership #PropertyTaxes #Assessments #FinancialPlanning #RealEstateInvesting #Budgeting #PropertyValue #TaxRates #RealEstateAdvice #KellerWilliams #HomeBuying #Investment #PropertyManagement #AppealAssessment #Homeowners #PropertyTaxGuide #SmartInvesting

Media Release: Council Approves the 2025 Budget with a Focus on Maintaining Existing Service Levels Council has endorsed the City’s 2025 budget of $59.7 million, which includes a property tax increase of $34 per month. “We worked diligently to endorse a responsible budget that ensures residents are getting the best value for their money,” says Mayor Nicole MacDonald. “Despite several external costs beyond our control that increase taxes, we have approved a budget that maintains service levels in the midst of rising costs, while investing in the services and infrastructure our residents depend on and enjoy.” Using the average assessed value approach, the City’s property taxes continue to be favourable compared to other municipalities in the region. In 2024, the City was the lowest and is projected to be similar in 2025. Based on the 2024 average assessed value of residential properties ($1.2 million for the single-family home), Pitt Meadows homeowners can expect an increase of approximately $34 per month or $411 annually. This annual increase is comprised of $197 in Utility Fees and $214 in Property Taxes. To see the breakdown of the $411 property tax and utility fees increase, visit: https://lnkd.in/eaFa-Vee. Read the full media release: https://lnkd.in/gK2Vtc7d. #PittMeadows

🏡 Property Taxes: What You Should Know! 💰 Did you know property taxes vary by location, home value, and local rates? Some states, like New Jersey, have higher taxes, while others, like Alabama, are lower. Property taxes affect home affordability, so factor them into your budget when buying. Curious about tax rates in your area? Let's chat—I’m here to help you navigate it all for a smart buy! 🏠✨ #PropertyTaxes #RealEstateTips #HomeBuying #LongLeRealtor #Budgeting #HouseHunting #ArizonaRealEstate 🏡 Property Taxes: What You Should Know! 💰 Did you know property taxes vary by location, home value, and local rates? Some states, like New Jersey, have higher taxes, while others, like Alabama, are lower. Property taxes affect home affordability, so factor them into your budget when buying. Curious about tax rates in your area? Let's chat—I’m here to help you navigate it all for a smart buy! 🏠✨ #PropertyTaxes #RealEstateTips #HomeBuying #LongLeRealtor #Budgeting #HouseHunting #ArizonaRealEstate _____________________________________ 📞 Call 480.480.7948 🌐 Visit: https://lnkd.in/givB_JcP 🎥 Youtube: https://lnkd.in/gt3FTFm2 📩 Longlerealtor@gmail.com

💸🌴If you're considering investing in Miami real estate, understanding property taxes is essential to maximizing your investment returns. Here’s a quick guide to help you get started: 1️⃣ Tax Rates & Assessments: Miami-Dade County property taxes vary depending on location, property type, and assessed value. Make sure you understand how these rates apply to your specific property. 2️⃣ Homestead Exemption: If you plan to use your Miami property as a primary residence, you may qualify for a Homestead Exemption, which can reduce taxable value and save you money. 3️⃣ Additional Exemptions: Investors may also benefit from exemptions if the property is used for affordable housing or other qualifying purposes. 4️⃣ Annual Increases: Property taxes may increase over time due to inflation, new assessments, or neighborhood improvements. Be prepared to adjust your budget accordingly. 5️⃣ Tax Deductions: As an investor, you might be eligible for tax deductions related to your property, such as mortgage interest, depreciation, and maintenance costs. Consult with a tax professional to maximize your benefits. By staying informed about Miami’s property tax system, you can make smarter investment decisions and boost your bottom line. 📈 Ana Steinman Best Realtor in Miami ☎️305-794-9515 🏡https://lnkd.in/eza_tKRu 🌐https://lnkd.in/e36TxhcN 👉https://lnkd.in/dpGijcs #BestRealtorInKendall #BestRealtorInCoralGables #BestRealtorInMiami #PropertyManagement #MiamiRealEstate #PropertyTaxes #MiamiInvestors

🏡💰 Understanding Property Tax: The Key to Smarter Homeownership! Property taxes are often overlooked but play a crucial role in homeownership costs. Did you know these taxes help fund local schools, roads, parks, and essential community services? Knowing your property tax rate can make a huge difference in your overall investment. Here are a few valuable insights every homeowner or investor should know: 1️⃣ Location, Location, Location: Property tax rates vary by city and county. Even a few miles can mean a big difference in annual taxes! 2️⃣ Assessment Matters: Your property’s assessed value (often not the same as market value) determines your tax. Keeping an eye on it and challenging unfair assessments can save you $$$. 3️⃣ Exemptions & Deductions: Many states offer exemptions for primary residences, veterans, seniors, or first-time buyers. These can significantly reduce your tax bill—don't leave money on the table! 4️⃣ Investment Advantage: Unlike some investments with recurring fees, property taxes directly support your community and contribute to property appreciation over time. Want to make sure you're informed on every detail? Real estate is about more than just buying a home; it's about understanding every aspect of your investment. Visit my website for more real estate insights and tax-saving tips! Link in my bio! 🌟🏠 #loganwinnrealtor #dre02238565 #exitrealtyconsultants #CaliforniaRealEstate #RockstarRealtor #letswinn #aspiretoinspire #realestateinvesting #realestateinvestors

🏠 What You Need To Know About Taxes When Selling A Home The tax rules for selling a primary residence are simple, but confusion is common. Most sellers don’t owe taxes, and home sales happen so rarely that the rules are easy to forget. Here’s a quick guide: https://lnkd.in/gpdHJr65

📢 LANDLORDS📢 Stay informed about the latest tax changes that may impact you. One significant update is the Chancellor's decision to reduce Capital Gains Tax (CGT) on the sale of second homes, aiming to incentivise landlords and second home owners to sell their properties. Curious about how these changes, effective from April 6th, will affect you as a landlord? Dive into the article for detailed insights⤵ #TaxChanges #Landlords #PropertyOwners #CGT

A sigh of relief for Amherst homeowners! As we emerge from budget backlash, most property owners will enjoy a slight tax drop of nearly $30. Yes, you read that right – a little less than 1.5% off your tax rate! Curious to learn more? Check it out here: https://okt.to/IxQl1C

 🏠💰 What You Need To Know About Taxes When Selling A Home The tax rules for selling a primary residence are simple, but confusion is common. Most sellers don’t owe taxes, and home sales happen so rarely that the rules are easy to forget. Here’s a quick guide: https://lnkd.in/gusEtvPH