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Category Archives: property tax
Property taxes proration during Illinois transactions can be confusing. Meeting at the closing table to ensure fair payment by tax proration can have you asking why tax proration exists in the first place. In 1930, during the Great Depression, many … Continue reading
Investing in the purchase of a home could potentially increase a homeowners’ tax refund. However, it is important to understand how to receive these tax benefits if you want to start saving on your income taxes. Tip #1: You Must … Continue reading
If you’re ready to apply for a home loan, it’s essential to make sure your payments will still be affordable with property taxes included in the mix. These payments can be extremely burdensome, especially if you have an FHA mortgage and pay … Continue reading
Property taxes are an unavoidable part of home ownership. Although you can’t choose to not pay them, there are some ways you can reduce the amount of property tax you pay. Take a look at a few simple options to … Continue reading
Every year, tax time brings untold headaches to homeowners around the country, but did you know there’s a silver lining to owning your own home? The truth is that Americans can receive a number of important deductions on their Individual … Continue reading
Cook County Tax Bill Update Cook County property tax bills coming in July For the first time in decades the second installment of Cook County property taxes are to hit homeowner’s mailboxes in July. Meaning, payment will be due August … Continue reading
Credit: Michelle Meiklejohn Habitable Condition: Property must be in a condition that is immediately habitable and must contain: • At least one fully functional bathroom (i.e., shower/tub, toilet, and hand sink). • Other bathroom(s), if not functional, must be … Continue reading