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Ten ways to cut your property taxes

Business / Taxes

Aplus Legal Advice  |  2022.09.03 00:24  |  567 views

Property taxes are decided collectively by school boards, town boards, legislators, and councils. The tax rate is set by collating the amount of funds an area needs. This is then divided that by the total taxable assessed value of the area. The tax an individual pays is computed by multiplying the tax rate by the assessed value of your property and then deducting any applicable exceptions. Property taxes are at an all-time high. Studies indicate that they have increased more than 35% in five years.



1031 Exchange Escaping the Certainty of Taxes

Business / Taxes

Aplus Legal Advice  |  2022.09.03 00:23  |  551 views

In this world, said the great Benjamin Franklin, nothing is certain but death and taxes. While modern medicine continues to work on a cure for mortality, 1031 exchanges offer a valuable mechanism against the foibles of the taxman. Allowing the exchange of one property for another, this property market trend can help you hold on to money that might otherwise end up with the IRS. How do you know whether you are eligible to take advantage of this great property trend?



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