Taxes
As home values drop, county tells owners to pay less taxes
It's a mixed blessing to get a letter from the government that says your house is worth less than it used to be. Nobody wants a reminder about depreciating home values, but on the other hand, you'll pay less in property taxes, which are based on the county's assessment of your home's worth.
China Housing Market Seen Bottoming Out, New Property Tax “Inevitable”Russell Flannery Fprbes 30.08.2010 | Lower rate helps family offset property-tax hikeMARK J. KONKOL Sun Times 30.08.2010 |
 Investor worries that the government may further tighten China’s real market have cast a cloud over the country’s property stocks. Media reported this weekend that authorities consider prices to be too high, and are considering imposing new pilot real estate taxes in Shanghai and Chongqing. |  Bracing for a property-tax increase expected to boost their monthly payments by $300, Ellen and Robert Bachner figured refinancing their loan to take advantage of historically low interest rates would save them some cash. |
Half the property, half the taxGEORGE COCHRANE The Sun-Herald 30.08.2010 | Tax on newer properties to fall sharply The Times Of India 28.08.2010 |
 Unless the investment was bought more than 25 years ago, the taxman will want his cut when it's sold, writes George Cochrane. |  MUMBAI: There's good news for residents of newer properties, who will soon pay close to half the property tax they pay now. However, already faced with a financial crunch, the BMC could see its revenue dipping further, as property tax is its second largest source of revenue after octroi. Last year, the BMC earned Rs 2,700 crore as revenue from property tax. |
Real Estate Agents Say Tax Credit Is Doing Little To Increase Home Sales Property Wire 08.03.2010 | End of real estate tax breaks in Thailand will see price of new property rising in April Property Wire 04.03.2010 |
 With almost a third of US mortgages upside-down, many move-up buyers are unable to sell their present homes and therefore cannot take advantage of the expanded tax credit. Despite a looming deadline, the real estate market is showing little sense of urgency, as sales continue to slump and loan applications are at their lowest level in a dozen years. |  Thailand will not renew property tax breaks when they expire at the end of March as the economy is recovering and developers are returning to normal profits levels. |
Protests to Begin in Detroit Over Property TaxesAmy Munday Huliq 01.03.2010 | Experts say stamp duty hike unlikely to cool HK property market Channel NewsAsia 25.02.2010 |
 Detroit residents are protesting the amount of their property taxes for a viable reason. The taxman is charging homeowners exorbitant property taxes on homes that aren't worth the tax percentage being demanded. The same scenario is seen with underwater mortgages right now, people are trying to make money off of property that is no longer valuable. |  HONG KONG : Hong Kong property consultants said the government's move to raise transaction taxes for luxury apartments will do little to stabilise residential prices. |
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