Who qualifies for a property tax break or exemption?

Answer 1

The rules vary from state-to-state, but one of the more common property tax breaks is called the homestead exemption. Basically, if the property is your residence, then a certain amount of the property's value is exempted from property tax. Some places exempt a percentage of the home's value and some places exempt a fixed dollar amount. The exemption may also vary between different taxing entities on the same property as well. Some form of exemption is very common with residential real estate.

For businesses, sometimes local and state governments will legislate tax breaks as an inducement, but that is a separate issue.

Answer 2

That's a matter for the jurisdiction that levies the tax. Contact your city or county tax collector and see if you are eligible for any. Some grant liberal exemptions for disabled veterans, homesteaders, the elderly, or other groups. Others grant little of no exemptions to anyone.

Answer 3

as a fashion to declare you as a qualifying relative (the be conscious relative is a shaggy dog tale), they could meet the checks. a million. You lived with all of them 365 days. 2. You had income of under $3400. 3. they are in a position to teach that they provided greater suitable than a million/2 of your finished help. the reality which you pay them $2600 a 365 days for residing expenses (which I guess they are not claiming as hire) is variety of knowledge that they are not offering you your help. Their assurances that they won't declare you as a based, yet someway can get funds back in the event that they only knew your SSN is contradictory.

Answer 4

Property taxes are a state/local matter so it will vary with location.

Answer 5

Not me!!