Tax season. Just the words can send shivers down your spine. But if you’re a homeowner, there’s a silver lining: potential savings from home-related tax deductions!
You’ve probably heard that you can deduct the interest you pay on your mortgage, but did you know there are many other ways homeowners can reduce their tax burden?
Continue reading Home-Related Tax DeductionsIf you need more information about your property tax, take a look at the county treasurer’s frequently asked questions.
According to a survey by the California Association of Realtors, one of the top reasons home owners have not considered selling is a concern that property taxes on another home would be too expensive.
For certain groups of people living in San Diego County and some other counties in California, there is a way to move but not increase property taxes.
California voters have passed several propositions, Propositions 60, 90 and 110, that allow eligible property owners to transfer the base year value of an existing principal residence to a replacement dwelling.
What do these propositions do? Who qualifies, and what are the benefits?
Continue reading How to Move But Not Increase Property Taxes