|
|||||||||
| Real Estate Discussions about investing, selling, and buying real estate. |
![]() |
|
|
Thread Tools |
|
|||
|
Need help on this one. My mother owns two homes, one is a primary residence while the other is currently unused, but intended to be moved into if this situation is handled.
We've lived in our current residence for about 15 years, when two years ago another house was purchased when things looked well. The primary house will be payed off in two years, then the problem won't remain and the other house can be payed on no problem. The financial circumstances are till the same, yet recently the housing tax on the second home inflated from 400 to 4,000 under this new law, making paying for the house very difficult to the point of possibly having to sell it. In two years there would have been no problem. The thing is I'm helping to pay for the current residence, and was planning to take over it when it was fully payed off, and my mom was going to move into the new house. But if things persist as they are with the 4,000 tax it looks grim. My question is, are there ways to get around this until the first house is payed for? Or what options/things can be done? Thanks |
|
|||
|
Why are you not renting one of them out?
Since I do not know where you are living mind explaining why the taxes jumped. That happens in this area only if property is left vacant and unused in areas that have land use zoning different then the properties original use. Without more info no one can really help. |
|
|||
|
Sorry for the belated response, the internet connection went out yesterday.
The house is not being rented out mostly because it is full of personal belongings, as well as other reasons. The taxes rose because under the new law based on how much the house was payed for, the tax became a comparative percentage. So where it was just a standrd tax fee, the new law changed it to more of an adjusted fee. |
![]() |
| Thread Tools | |
|
|
| » Boards |
|
General Finance Personal Loans Debt Mortgages Real Estate
Credit Ratings
Credit Cards
Insurance
Banks
Investments
Pensions
|
All times are GMT +1. The time now is 12:05 PM.






