Not a fun topic for most of us but we thought we would try to give you a laugh and some good advice at the same time. We have compiled some links here that ought to make you think twice and keep you entertained.
Have you ever calculated all the taxes you pay? From property, income and sales taxes it may add up to more than you realize – This site calculates the average taxes paid in the 10 highest taxing states
Property taxes can eat up a big chunk of your income be wary of these 10 states – Luckily California is not on the list thanks to prop 13 which caps property taxes at 1% of purchase price. Another reason to look at homes for sale in Palm Springs CA!
Perhaps you just want to move to one of the top ten states with the lowest tax burden.
Surely when you retire the tax burden will be at the top of your list. If so check out the best places for low taxes on retirees.
Have a crazy idea that you can deduct something unusual? Check out these 13 crazy tax deductions.
No question about it though home ownership can provide a nice range of tax breaks see this link for a refresher on what they are.
So sharpen that pencil and get ready to crunch the numbers. Don’t forget any improvements you made to your property last year as those can increase your basis in the property.
A final reminder second half property tax payment installments are due no later than April 10th 2015. You can pay Riverside County taxes on line at: https://taxpayments.co.riverside.ca.us/taxpayments/
While they take credit and debit cards there is a convenience fee added on so best to have your checking account information handy beforehand.
If we can help answer any property ownership questions you have please don’t hesitate to call or text us at 760-408-5300.