Taxes

Sometimes understanding property taxes and specifically how a property is taxed can be confusing, so I wanted to see if I could refine it to its most simple terms.  With taxes due at the end of the month, it might help clarify everything if I wrote a short blog about it all.

Often times people wrongly assume that property taxes are controlled by the Property Appraiser's Office, when in fact they are directly controlled by the taxing authority in the city.  That authority controls the level of taxes throught what is called the millage rate. 

There are several different terms that should be understood:

MARKET VALUE - The Market Value of a property is effectively what a buyer is willing to pay for a property less any costs pertaining to the sale. Every…

Many times, especially around this time of year, customers and investors have a lot of tax questions about 1031 Exchanges and who better for the answers then a tax attorney.

Ronald S. Webster, a well known tax attorney from Marco Island, recently sent out a list of well-defined questions and answers related to tax 1031 Exchange issues. I thought that it was very much worth passing along and wanted to share it here.

If you as either a customer or as an investor have questions, you might just find the answers here!

CLICK HERE