We are a gay couple in Texas and since texas dont recognize gay morals. How would we file for property taxes on a new home for 2007?
2007-10-06 05:28:35 · 5 answers · asked by jesi 1 in Business & Finance ➔ Taxes ➔ Other - Taxes
Texas property tax is not based on your morals....
The Tax Appraisal District where your property is located will pick up your purchase and make an appraisal and notify the person or persons whose name is on the deed of the value they have appraised. You will have a period (usually about 3 mos) after that to appeal to the apprisal board if you feel the value rendered is out of line.
After the appeal (and any adjustment), final appraisal value will be forwarded to each the various taxing agencies (State, Local, School, Water Dist, MUD, Road, etc.) and they will bill you (or your mortage company if they are paying the taxes from your escrow ).
regards,
Texian13
2007-10-06 06:18:19 · answer #1 · answered by realtime1931@att.net 3 · 1⤊ 0⤋
Gay has nothing to do with property taxes. Once a year, the state will send you a notice to the primary or first name on the mortgage. Normally, you would have instructed the mortgage company to withhold from you on a monthly basis, and amount equal to 1/12 of the combined anticipated cost of property taxes, and fire (home owners) insurance. This is held in a escrow account. Then, it is the mortgage company that pays the bills for you.
If you did not set that up, then the home owner(s) will directly pay the property tax to the state tax office, and the insurance to the appropriate company.
2007-10-06 06:10:25 · answer #2 · answered by Nifty Bill 7 · 1⤊ 0⤋
Being gay has nothing to do with filing taxes unless the state you are in recognizes civil unions. I believe that Texas does not recognize civil unions.
Each of you will need to deduct your share of property tax for the home assuming that you itemize your deductions.
2007-10-07 02:09:56 · answer #3 · answered by Steve 6 · 0⤊ 0⤋
Gay or straight doesn't matter. And you don't "file" property taxes. They send you a bill, and you pay it, or if your mortgage has an escrow account set up, the lender will pay the property tax from the escrow account.
If you're asking what you can deduct on your federal tax returns, it depends on who is on the deed, who is on the mortgage, and who actually made the payments. If you are both on the deed and the mortgage, and you split the payments, you can split the deduction also and each take half of it on your federal return.
2007-10-06 13:08:17 · answer #4 · answered by Judy 7 · 2⤊ 0⤋
I'm sure Texas does recognize gay morals, it just doesn't approve of them. They have no affect on your property tax.
2007-10-06 06:20:48 · answer #5 · answered by Anonymous · 0⤊ 0⤋