Tag: property tax deferral
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What Is a 721 Exchange—And Is It Worth Doing?
Numerous companies offer 721 exchange investment opportunities. One of the newer firms is Denver-based Flock Homes. The company sends proposals out to deed holders. Perhaps you’ve received one. Seniors who own investment properties are especially likely targets of these pitches. Flock calls it “the retirement solution for landlords.” Let’s take a look.
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Welcome News: Some States Are Helping Seniors Defer Their Property Taxes
Taxes keep going up, following property values. But some homeowners — and buyers — can tap into county or state property tax breaks. Some states exempt seniors from property tax. Some states let eligible homeowners put off paying property taxes — in many areas, for as long as they own the home. An exemption doesn’t…
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Hold On, Maine Seniors. Property Tax Relief Is Coming
Maine will cover property taxes for homeowners aged 65+ who have annual incomes under 40K. Thousands of homeowners — most of Maine’s residents who receive Social Security benefits — will be eligible for the benefit. The provision, LD 1638, takes effect on Oct. 18, 2021. There is a catch for these eligible owners, though. Here’s…
