It is necessary to pay the property tax when buying a house in Atlanta. The purpose of buying a house is to pay the Atlanta real estate tax. The Atlanta real estate tax is used for various public service facilities, such as police officers, fire safety, environmental sanitation, education, etc. We all know that the Atlanta real estate tax is not obtained by some people, but used for various equipment here. If you don't know much about Atlanta real estate tax, you should know more about their articles. When choosing Atlanta real estate, residents must prepare the cost of buying a house and the real estate tax.
What about the property tax in Atlanta, USA? It is based on the value of your house, and it is divided into two parts: one is land, and the other is improvement, which is the engineering building built on the ground. The proportion paid to the local tax bureau every year is roughly 1.0- 1.5% of the house price. Every year, the price of the local tax bureau will change slightly with the change of the real estate significance in the sales market. There is a way to sue when the price of the real estate industry is reduced. The owner of the house can find the local countyassessor to fill out a report. At this time, you must show him or her that the local tax bureau is overvalued.
Naturally, you should prepare some information in advance to show the latest market price of your neighbor's house price. For example, give three or five sets of house prices of neighbors with similar total area to you, and carry out persuasion work. If you can persuade the county assessor, you will adjust your local taxation bureau. If you can lower it, you can pay less tax. However, this point in the United States is different from that in China. If the real estate industry keeps falling, even if the owners don't sue, the county government will automatically reduce the tax for you.
In particular, we should pay attention to the fact that the value of everyone's house is divided into two categories, the upper part is called land and the lower part is improvements. If you have a rented house or a small apartment with home decoration, you can pay this tax bill to your accountant. These two categories will be very effective for deduction. Because land resources can't be depreciated, but the building improvements of your house can be depreciated. For example, your house is a house, so the service life is 27.5 years, and the business life is 39.5 years. Then I can use your cmprovement to divide this period, which is the part you can depreciate.
This depreciation expense can reduce your income. When you rent a house for 20,000 yuan, the loan interest is 10,000 yuan, the local tax bureau is 5,000 yuan, and you have to earn 5,000 yuan yourself, you have to pay taxes. If you want a little depreciation rate, you can pay taxes or pay less taxes. If you depreciate a lot, you can still offset the gains.
What are the real estate tax exemption items? The new tax reduction and exemption projects stipulated by the local government in the United States are mainly used for the reduction and exemption of their own houses, which are completed by lowering the tax basis or underestimating the use value of assets; When the real estate tax exceeds a certain maximum value, the operator can get the corresponding state personal income tax credit or cash compensation from the government department.
Real estate tax relief for self-occupied commercial housing, the district governments give a series of preferential policies every year. The relevant preferential policies should be published in official website, and the statements will be mailed to every community owner in general. The self-occupied commercial housing here has certain regulations, and it is necessary to stipulate that the owner must live in the house for two years in the past five years.
The policy of real estate tax relief for low-and middle-income families is available in most states in the United States, but the specific dividing lines and regulations vary from place to place, so you must check the relevant local websites. Generally speaking, the real estate tax for this group of people can be reduced by about 20%. For example, suppose you own a self-service house in New York State and your family income is less than 500,000 dollars. Then part of the real estate tax they pay for culture and education tax can be reduced or exempted, equivalent to 700 US dollars.
Beyond the real estate tax relief policy for self-occupied commercial housing for the 65-year-old people, the preferential treatment for self-occupied commercial housing for the 65-year-old people in every state in the United States is generally very large. For example, suppose that in New York State, the owner of the property is over 65 years old and the annual household income is less than 8 1900 US dollars, so that the annual real estate tax can be reduced by 1500 US dollars. The biggest preferential price for the elderly is in Virginia. If the total assets cannot exceed 340,000 US dollars and the annual salary is less than 56,000 US dollars, and the owner is over 65 years old, the real estate tax can be reduced or exempted. On this basis, with the increase of income, the reduction and exemption range is correspondingly reduced.
Special family real estate tax relief policies include disabled people, serving or retired soldiers and other categories that need to take care of their families. In many parts of the United States, real estate tax relief policies will be given.
Real estate tax relief for rental housing
Many homeowners will rent out their own houses as a financial management method. For such homeowners, the government departments of all States in the United States give real estate tax reduction and exemption policies, thus achieving the purpose of encouragement.
Rent deduction policy
The ownership of a house in the United States requires a lot of money, including mortgage interest, local tax bureau, maintenance fee and insurance fee. After deducting various expenses from the rent, the landlord is likely to be short of funds. Especially after deducting depreciation, the landlord will lose money in the accounts. Therefore, this policy has been promulgated so that landlords can use rent to offset other taxes, such as loan interest rate and local taxation bureau.
Tax credit policy for renting house expenses
The other is that landlords actively participate in renting management, such as collecting rent, maintaining the house, paying water and electricity and other activities. This kind of landlord can deduct more than 25 thousand yuan from other income at most every year. However, when the adjusted annual income exceeds100000 yuan, the allowable deduction amount will be gradually reduced, and no other income can be deducted after exceeding150000 yuan.