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Atlanta, GA 30310
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At their Wednesday, June 21st meeting, Fulton County Board of Commissioners voted unanimously to reject the 2017 Fulton County Residential Property Tax Digest. Residential properties within Fulton County will be taxed this year based on the 2016 property tax digest. The Board of Commissioners agreed to work with members of the Georgia General Assembly to […]
The tax deductions you’re eligible to take for mortgage interest and property taxes greatly increase the financial benefits of homeownership. Here’s how it works. Assume: $9,877 = Mortgage interest paid (a loan of $150,000 for 30 years, at 7 percent, using year-five interest) $2,700 = Property taxes (at 1.5 percent on $180,000 assessed value) ______ […]
Generally, a homeowner is entitled to a homestead exemption on their home and land underneath provided the home was owned by the homeowner and was their legal residence as of January 1 of the taxable year. (O.C.G.A. § 48-5-40) Application for Homestead Exemption To be granted a homestead exemption, a person must actually occupy the home, […]
Housing tax incentives mostly benefit younger households, according to research from the National Association of Home Builders. The average mortgage interest deduction peaks for taxpayers in the 35 to under-45 age group, followed by the 18 to 34 aged taxpayers, and declines as the taxpayer gets older, according to the research. “Any tampering with this […]
Helping someone close to you buy a low-cost property – $50,000 or less – is a fairly straight-forward transaction, although it may require specific legal advice, says Charles Carter, an attorney and a consultant at Haint Blue Realty in Mount Pleasant, S.C. Carter suggests that buying a property outright, using the gift exclusion ($13,000 for […]
It’s April, so people’s thoughts are turning to taxes, and where they live makes a big difference in how much they pay. Here are the 10 states with the highest taxes, including property, individual income, sales, alcoholic beverages, tobacco, motor vehicles, hunting and fishing, motor fuels, death and gift taxes, as well as insurance premiums. […]
I was very disappointed when I saw the below article on creative loafing. My water/sewer bill is already ridiculous! Now what?? Sheesh- people complain about how expensive it is to live in NY- to me, Atlanta is worse… aleast New Yorkers make comparable wages …..Can you tell right now that I’m not really feeling ATL? Well, I’m […]
I have not provided you with many neighborhood updates. I know, I’m a bit disappointed too- you can stop emailing me 🙂 I’ll get back on the ball. Time has not been on my side. So.. what’s new? Crime Task Force Well on January 20th we had a Neighborhood Watch or Crime Task force meeting […]
