Homeowner Education

The latest news, tips, and tricks for homeowners

Property Tax Deduction

Property Tax Deduction Property Tax Deduction Definition In Residential Real Estate Property Tax Deduction refers to the ability of a property owner to deduct eligible

Read More Ā»

Property Tax

Property Tax Property Tax Definition In Residential Real Estate Property Tax is a mandatory charge imposed by a local government on real estate ownership. In

Read More Ā»

Personal Property Taxes

Personal Property Taxes Definition In Residential Real Estate Personal Property Taxes are taxes imposed by a taxing authority on movable property that is not permanently

Read More Ā»

Parcel Number

Parcel Number Definition In Residential Real Estate A Parcel Number is an identifying label assigned by a local government authority to a specific piece of

Read More Ā»

Mortgage Interest Deduction

Mortgage Interest Deduction Definition In Residential Real Estate The Mortgage Interest Deduction is a tax related provision that allows certain homeowners to reduce taxable income

Read More Ā»

Itemized Deductions

The Internal Revenue Service (IRS) allows taxpayers to deduct certain expenses in order to legitimately reduce their taxable income. The standard deduction is a single,

Read More Ā»

Gift Tax

Gift taxes are imposed on money or property transferred from one person to another as a gift. For the purpose of this tax, a gift

Read More Ā»

Conveyance Tax

Conveyance tax is levied on the transfer of real property at the county, municipal or state level. It is computed as a sale price percentage

Read More Ā»