Arrowhead Title, Inc.

As we enter the new year, many people are thinking about tax season and how their real estate will be affected. There are several tax benefits that you may be eligible to take advantage of when considering your real estate, including a  1031 exchange . Through a 1031 exchange, real estate owners can defer capital gain taxes when they sell a business or investment property and use the proceeds of the sale to purchase another property ‘similar’ to the first. Business owners and taxpayers who want to accomplish a wide range of business and/or investment objectives can reap many benefits by taking advantage of a 1031 exchange, take a look. Preservation of Equity  A properly structured 1031 exchange provides taxpayers the opportunity to defer 100% of both federal and/or state capital gain taxes, as well as depreciation recapture taxes. This essentially equals an interest-free, no-term loan on taxes due until the property is ultimately sold for cash. Leverage  Man...

'Tis the season for holiday gatherings, Christmas shopping, and - unfortunately - property taxes.  While it's safe to assume that no one looks forward to paying their property taxes, keeping up with these payments is absolutely essential.   Arrowhead Title, Inc.   is here to help you understand your property taxes and what happens if you fail to pay them. What Is Personal Property Tax? Personal property tax is a tax that is levied against tangible property that you owned at some point during the tax year. Examples of tangible property include houses,  land, additional properties, boats, waverunners, cars, trucks, RVs, and motorcycles. Exactly where and how your tax dollars will be used may vary slightly by state and county, but generally recipients may include: Local road districts The local library The State The County The local fire district The local schools Local senior citizens What Happens If I Don't Pay My Personal Property Tax? Tax paymen...

It's that time of year again! 'Tis the season for holiday gatherings, Christmas shopping, and - unfortunately - property taxes.  Most people have already received their 2016 property tax statements. While it's safe to assume that no one looks forward to paying their property taxes, keeping up with these payments is absolutely essential. Arrowhead Title, Inc. is here to help you understand your property taxes and what happens if you fail to pay them. What Is Personal Property Tax? Personal property tax is a tax that is levied against tangible property that you owned at some point during the tax year. Examples of tangible property include houses,  land, additional properties, boats, waverunners, cars, trucks, RVs, and motorcycles. Exactly where and how your tax dollars will be used may vary slightly by state and county, but generally recipients may include: Local road districts The local library The State The County The local fire district The local schools ...