Posts tagged as:

real-estate

New Jersey Caps Property Taxes: Will It Be Enough?

13 July 2010

Nobody likes a tax hike. It especially hurts when you’re already tops for taxes in the nation. New Jersey, which holds the distinction of having the highest tax burden in the nation for three years running, has been pushing back at a budget with increases that Governor Christie (R) insists are necessary. This week, the [...]

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Philadelphia Real Estate Taxes On Their Way Up

14 May 2010

I woke up this morning to grumblings on Facebook about Philadelphia’s budget deal: a “temporary” 9.9% increase in property taxes. The “temporary” (cause who really believes it will be temporary?) increase is an effort to plug a $150 million deficit in the city’s budget. The boost was approved by City Council and Mayor Nutter is [...]

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Ask the taxgirl: Sellers and Homebuyer’s Credit

5 August 2009

Taxpayer asks: Do you have any advice for how SELLERS should best take advantage of the credit? Should we advertise about the credit with our real estate listings? Taxgirl says: That’s a great question! I think the credit is a real selling point (though I’m not a fan of the concept). It definitely makes sense [...]

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Ask the taxgirl: Homebuyer’s Credit and Rentals

19 July 2009

Taxpayer asks: Does a duplex qualify as a main residence for first time home buyer credit purposes? If the person is going to live in one unit and rent the other unit do you have to allocate the purchase price for calculating the amount of the credit? Taxgirl says: Assuming that you otherwise qualify for [...]

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How Much Is Your House Worth?

2 January 2008

And why does it matter on a tax blog? Consider this. You buy a house in the midst of a housing boom. Prices go up, up, up. Subprime mortgage mess hits. Other credit woes ensue. Housing market drops. As in plummets. And suddenly, your house isn’t worth as much as you thought. Sound familiar? It [...]

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Million Dollar Baby

19 October 2007

Pennsylvania State Senator Vincent Fumo has lately found himself in a whole heap of trouble. He is facing a whopping 139 indictments including 2 counts each of filing false tax returns and aiding and assisting in the filing of false tax returns. To pay for some of his massive legal bills in conjunction with the [...]

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Maybe Only the Little People Pay Taxes. But Everybody Dies.

20 August 2007

Maybe it’s the line of work that I do – I do a lot of estates related work – but I’ve often thought about how I might be remembered after I’m gone. Maybe that seems morbid to some folks, but it’s something that I deal with week in and week out, how folks are remembered [...]

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