Wednesday, October 5, 2016
Real Estate Taxes Are The American Dream for Donald Trump
Along with the joy of making money with rental properties, regardless of inflation, tax laws permit a building to be considered a depreciating deductible expense on your federal income taxes.
The more your property is worth, the higher your net worth and the more taxes will be charged. Fortunately, together with other real estate expenses, they are deductible.
Then with a proper presentation before the Value Adjustment Board, the local taxing authority may even write you a tax refund check, once you explain that your property assessment is too high.
Take advantage of what the law allows. Filing a property tax appeal is a right afforded to every taxpayer.
The truth is, odds are in your favor in obtaining least a partial victory.
This is truly a win-win situation.
For more information on the topic you can read the story in the Real Deal story: