Tag: homestead exemption
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A Q&A on “Assessed Value”: How Tax Officials Decide What Your Deed Is Worth
Deed holders pay taxes for owning property. The value of a deed to a tax assessor is not the same as the value assigned by the market or by a real estate appraiser. The property’s tax basis is called its assessed value. To simplify: the deed holder pays taxes on the assessed value of the…
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Could Ohio Make Property Taxes Unconstitutional? Should It?
Ohio Attorney General Dave Yost’s office has received a proposal to insert a new Section 14 into Article XII of the Ohio constitution. This proposed amendment seeks to abolish current and future real estate taxes. For many months, Ohio’s Butler County and Hamilton County deed holders have been pressing state lawmakers to expand property tax…
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Snowbird Estate Planning for a Changing Environment
If you move with the seasons, your retirement and estate planning needs special attention — now more than ever. This article provides some considerations for snowbirds in changing times.
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How Do Homestead Laws Save Deed Holders Money?
You’ve just bought a home. At closing, a title representative tells you to request your homestead exemption. Or maybe you bought your home and a homestead exemption form arrived (surprise!) in your mailbox. You know you should file the document in your home’s county, but you might be baffled as to why. A state’s law…
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Adding Your Spouse to the Deed
You’ve just gotten married, and already own a house in your own name. You want to share everything with your spouse, including your real estate, so adding their name to the title is part of being married, correct? Well … maybe. Much depends on the terms of your mortgage, and whether your spouse has serious…
