ARCHIVED BLOG POSTS
2011
2
Comments
Property taxes in Florida are levied on a calendar-year basis. Taxes are paid in arrears (at the end of the tax year) for the period January 1 through December 3 1 each year. Property taxes become a lien on all real estate in Florida on January 1 each year. This lien is legally superior to any ot...
09/10/2011
0
Comments
Any property owner is entitled to protest a property assessment, but not every protest will be successful. For example, an owner of a home on a standard lot in a large, completely developed subdivision who complains that the lot was assessed too high will have little hope of getting the assessme...
09/10/2011
7
Comments
Property taxes in Florida are levied on a calendar-year basis. Taxes are paid in arrears (at the end of the tax year) for the period January 1 through December 3 1 each year.Property taxes become a lien on all real estate in Florida on January 1 each year. This lien is legally superior to any oth...
09/06/2011
9
Comments
Having trouble selling your home? Do you like the house but not the location? There is more than one way to move a house when it comes to home selling. Captain Wayne moved this huge Real Estate office for himself in Port St, Joe, Florida. Need your house moved? Call Captain Wayne! His specia...
09/05/2011
0
Comments
In general, when income property is sold for cash, all gain or loss must be recognized (reported) immediately for income tax purposes. The total realized gain is the difference between the net sale price (selling price less selling expenses) and the depreciated basis of the property. The seller ...
09/05/2011
1
Comments
Depreciation is a means of deducting the costs of improvements to land over a specified period of time. The land itself is not depreciable. Depreciation (or cost recovery) allows taxpayers to recover the cost of depreciable property s by paying less tax than they would otherwise have to pay. Unde...
09/05/2011
0
Comments
Financing expenses. Financing expenses include the interest paid as well as the costs of obtaining borrowed money. While mortgage interest is deductible, principal payments are not. Costs associated with obtaining borrowed funds, such as commissions, mortgage brokerage fees, and points, must be a...
09/05/2011
2
Comments
Operating expenses are those cash outlays necessary for running and maintaining the property, and they are deductible in the year paid. Property taxes are considered operating expenses and are deductible. While reserve for replacements is deducted when determining Net Operating Income (NOI) it is...
09/05/2011
2
Comments
Florida's Green Belt Law was designed to protect farmers from having taxes increased just because the land might be in the path of urban growth and therefore well suited for development. An agricultural land classification results in a lower property assessment. Without such protection, a farmer'...
09/05/2011
1
Comments
I welcomed the holiday and the rain that has come with it. We were in a drought here in Bonifay Florida. The livestock were about to go on strike. My wife is on a cruise to the Bahamas with her Niece and I'm left to fend for myself for the next five days. This is my busiest time of year for ...
09/05/2011
Rainmaker
2,487,222
2,487,222
Captain Wayne - Rowlett Real Estate School
Rowlett Real Estate School / Owner and Instructor
Service Areas
Real Estate Resources
Recent Posts
ActiveRain Community
about 10 hours ago
Home Buying
about 10 hours ago
ActiveRain Community
1 day ago