Vivalamitsu asked:


We sold our house and bought another one in the middle of the year. What property tax amount should i report on my income tax return? The full amount of taxes for the new property or should I report the pro-rated amount I gave the buyer of my old property and the amount paid on the new property minus the pro-rated amount the sellers gave me on my new property?
Hope this makes sense……

katscott asked:


Are property taxes, sales taxes, and state income taxes equitable or inequitable taxes to fund education and what are the social and financial implications of a state lottery?

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Cesaria Barbarossa asked:


We’re looking to buy a home in Michigan within the next month or so…if the property taxes for the previous years averaged around 3K a year…does this mean this will likely remain the case, give or take a few dollars? Can property taxes go up astronimically without warning?

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James M asked:


After 20 years in the Military moving from state to state and country to country and after working overseas as a civilian for the last 10 years were ready to settle down and retire. We are now looking for a state to retire to that has low property taxes, not too cold of a climate, reasonably price homes, low crime and a city no larger than 500,000 people. We do not have any kids in school so the school system is not important to us. We lived in Texas and the property taxes are high, also lived in Georgia where the property taxes are not to bad. If we had a $250,000 home in your area what would the property taxes be?

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lasm97 asked:


in states such as FL where property values have greatly decreased in a range of 50K-100K, how come the property taxes haven’t? Would we see a decrease in this year’s tax bills at the end of the year?

John asked:


That means I didn’t have enough money in my escrow balance to pay for the property taxes. My monthly payments increased to cover the deficit.
Is it what I paid out of my pocket or what the lender paid for me?