If you’re approaching the issue of property taxes for the first time, the sheer volume of information you encounter in even a Google search can be daunting. But don’t be discouraged. While property tax laws vary across the United States, there are some constants that apply everywhere. Who Calculates...
We all know that home improvements—such as building a new deck, adding a sunroom, or installing an additional bathroom—can positively affect your property’s resale value. Transforming an unfinished basement into a rec room with a private washroom, for example, can boost a home’s resale value by as much as...
While residential and commercial property taxes share much in common, there are some essential differences worthy of note. Most reside in the way the two types of properties are assessed. Residential Property Municipalities generally assess the value of a residence by looking both at the property itself and by...
Home improvement projects are a great way to increase your home’s resale value. They can enhance your home’s appearance, increase functionality, and even improve energy efficiency. But which upgrades have the greatest impact on your home’s resale value? Additions One sure way to increase your home’s value is...
If you’ve studied your property tax statements looking for a way to save money, you’ve likely wondered where the whole idea of property tax started. It may surprise you to learn that the taxation of property dates back thousands of years to the ancient cultures of Egypt, Babylon, Persia,...
Virginia Property Taxes at a Glance: Here are some interesting facts and figures to help you better understand property taxes and filing deadlines in Virginia. The median property tax in Virginia is $1,862.00 per year for a home worth the median value of $252,600.00. Counties in Virginia collect an...
Massachusetts Property Taxes at a Glance: Here are some interesting facts and figures to help you understand property taxes and filing deadlines in Massachusetts. The median property tax in Massachusetts is $3,511.00 per year for a home worth the median value of $338,500.00. Counties in Massachusetts collect an average...
Maryland Property Taxes at a Glance: Here are some interesting facts and figures about property taxes and filing deadlines n Maryland. The median property tax in Maryland is $2,774.00 per year for a home worth the median value of $318,600.00. Counties in Maryland collect an average of 0.87% of...
If this is your first detailed look into the world of property taxes, you may find some of the terminology confusing. Don’t let that discourage you. The property tax system has been around awhile and has developed a lingo of its own. To help you better understand and navigate...
The average American household spends nearly $2,200 annually in property taxes. If you are like most homeowners, you greet your annual mortgage escrow statement with gloomy resignation. But did you know that your home’s assessed value and the amount you pay in property taxes are not etched in stone?...
