Real Estate in Birmingham, Bloomfield Hills, Beverly Hills, Royal Oak, Troy and Oakland County Michigan
From the category archives:
Oakland County property tax assessments were mailed out this week. Its very important that you review the assessment notice, as you have narrow time frame to contest it if you feel that it is improperly assessed. Your taxes for 2006 will be based upon taxable value. If you bought your home in the last 12 [...]
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I look forward to just about everything about spring. Except paying our income taxes. For those of you who sold a principal residence in 2005, this article may help you understand the tax implications of your home sale. Written by Maureen FrancisSKBK Sotheby’s International Realty, 248.430.4450 Visit WebsiteSearch for homes in Oakland County
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We are just finishing compiling a list of millage rates for 2005 for all of the municipalities in Oakland County. It should be posted on our web site early next week. Once we are done, we will let you know, so check back, or sign up for our email notifications at the bottom of the [...]
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President Bush’s Advisory Panel on Tax Reform is considering severly reducing the mortgage interest income tax deduction in an effort find funds to balance the budget and pay off the rising deficit. This has the potential to significantly increase federal income taxes for most tax payers. Take a look at Blanche Evans article in RealtyTimes. [...]
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Thursday, April 21, 2005By Robert J. BrussInman News Internal Revenue Code 121, the principal-residence-sale tax exemption, can be used over and over again, without limit, but not more frequently than once every 24 months. Some savvy home buyers have even created a tax-free business by buying a fixer-upper house, living in it at least 24 [...]
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