Beginning with the 2012 tax bill (due in April 2013), the state Franchise Tax Board will require property owners to break down their property taxes into deductible and non-deductible portions. As many as 5 million California property-tax payers who have been taking the entire amount they pay off their state income taxes could see a …
While year-over-year home price measurements notched down in 2011, prices are expected to see a slight uptick in 2012, according to Clear Capital. Should the valuation company’s predictions ring true, it would be the first time since 2006 that the change in annual home prices has landed in positive territory. Data released by Clear Capital …
Continue reading ‘Home Prices Down in 2011, but Market Stability Forecast for 2012’ »
Despite home prices in major urban centers decreasing 31 percent between 2005 and 2009, property taxes across the U.S. increased by nearly 20 percent. There is good news, however; homeowners can fight back. Homeowners should keep in mind that property taxes do not always correspond with home values, because local governments typically don’t measure values …
Housing has become an industry afraid of its shadows. That shadow inventory of repossessed and soon-to-be repossessed homes has professionals from every side of the business worried about the impact such a sizeable volume of distress will have on property values and overall market fundamentals. But according to Standard & Poor’s (S&P), the obscurity hiding …
Continue reading ‘Industry’s Shadow Inventory of Distressed Homes Shrinks’ »