Property Tax Exemptions

Flickr.com Homeowner (Homestead) Exemption: Actually living in your home instead of having an investment property or vacation home entitles you to a sizable tax break. Senior Citizen Exemption: Senior citizens may be eligible for tax breaks. Home Improvement Exemption: If significant improvements are made to your home, the increased value of your home

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Real Estate Ad Terms And Lingo

Flickr.com 4B/2B: 4 bedrooms and 2 bathrooms Assum.fin.: assumable financing Closing costs: The entire package of expenses paid by the buyer and the seller when the real estate deal closes. These costs include the brokerage commission, mortgage-related fees, escrow or attorney’s settlement charges, transfer taxes, recording fees, title insurance, etc.

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