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Trulia’s Top 10 “Must-Read” Tax tips:

1. The Basics: How are property taxes determined?
   Q: How are property taxes determined?
   Asked by Ama, Home Buyer in UK

2. Can you reassess for lower property taxes?
   I was recently asked - I purchased a property [in CA] at the peak of the market in 2005. With my home value down now, how can I get a reassessment on my property taxes? Is it worth doing? The quick answer is that…
   Written by MaryAnn Morrar, Real Estate Pro in San Diego, CA

3. What are the capital gains rules on 2008 sales?
   Well it is tax season and I thought it would be a good time to talk about selling houses. The law changed about ten (10) years ago and you no longer roll the profit from previous homes. A few rules to follow to exclude $250,000…
   Written by Pat Baker, Real Estate Pro in Needham, MA

4. How To Appeal Your Tax Bill
   Many have asked me how they go about appealing their tax bill.  First you must understand how properties are taxed in…
   Written by Christopher Pagli, Real Estate Professional in Tarrytown, NY

5. Can the 2008 tax credit be applied to 2009 pre-April purchases?
   Q: Regarding the new $8,000 tax credit, can it be applied to your 2008 taxes, even if the purchase was in 2009?
   Asked by Adam, Home Buyer in Chicago, IL
   
6. For two first-time buyers, who gets the $8K tax credit?
   Q: I have an unmarried couple buying a home. My question is, who gets the $8000 tax credit?
   Asked by Michael D. Delp, Real Estate Pro in Telford, PA

7. What’s the procedure to get the county assessor’s office revalue the cost of our home to assess property tax?
   Q: Bought our home in March 2008 and price has since then gone down. What to do to get the value re-assessed for calculating property tax?
   Asked by Aarthi, Home Buyer in Sunnyvale, CA

8. What is the Fix Housing First Act and will this change the tax credits for 1st time buyers?
   Last week, the Senate verbally approved the Fix Housing First Act, an important amendment to their version of the Economic Stimulus Bill… [which] could provide all home buyers of primary residences over the next year with a tax credit of $15,000…
   Written by Bill Gross, Real Estate Professional in Los Angeles, CA

9. Which has greater tax impact: Size or location?
   Q: How do we play the property tax game when buying a house?
   Asked by Maya, Home Buyer in Westchester County, NY

10. How To File An Appeal For Your Property Tax Assessment
    For the most part a homeowner can approach the appeal on their own.  There are cases where homeowners opt to hire legal counsel or a private assessor.  The first thing you’ll need to do if you do it on your own, is find out when the local…
    Written by Christopher Pagli, Real Estate Professional in Tarrytown, NY