home loan finance blog

One of the biggest complaints that I hear from homeowner is that their property taxes are too high. In spite of this, most homeowners don’t try to get their taxes reduced. This is a costly mistake. In high tax states, the taxes on the property can often exceed the mortgage …

Own residential rental properties? This article discusses how income from those properties impacts your taxes. What Constitutes Revenue? Generally, rental income is defined as any revenue you receive from the occupancy or use of residential property. Rent, obviously, is included in that revenue. Many owners are surprised to learn revenue …

EQUALIZATION ORIGIN Equalization for State school aid purposes is the process of determining the aggregate true value of all real property in each of the State’s 566 taxing districts. This figure is established by a program of assessment to sales ratio analysis. The aggregate true value of real property, together …