Tag: property tax
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In Case You Missed It: Massachusetts “Affordable Homes Act” Doubled Homestead Exemption to $1 Million
As you may know, most states let a vested deed holder designate a percentage of the primary residence’s value as a homestead. Homestead status can stop a home’s forced sale due to unpaid debt. This year, under its Affordable Homes Act, Massachusetts increased its homestead protection from $500,000 to $1,000,000. All the better, this higher…
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Transferring Your Deed Into Your LLC
Thinking about transferring the deed to your rental property into a limited liability company? Many investors do it. About 17% of investment properties across the country are held in LLCs. Here, we look at reasons to put real estate into an LLC, and how it’s done. And we’ll point to a few more things worth…
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New Jersey Enacts a Raft of Reforms Impacting Deed Holders
To take action on the racial wealth gap, New Jersey’s lieutenant governor Tahesha Way signed an update to the Real Estate Appraisal Act, explicitly meant to stop race-based bias from influencing appraisals. As our readers know, appraisals often occur when a home seller transfers a deed to a home buyer. A 2022 study from the…
