Residential Property Management - How to Set Up a Chart of Accounts

We have several balance sheet accounts. We have assets, cash, receivables - rent that's not been paid but is due - supplies, pre-paid rent, the value of your building less accumulated depreciation, and then you have equipment. There are some other accounts that in theory you could put in here, but it's really not required.

Liability Accounts

County Property Tax

Then we have what are called liability accounts. These are your accounts payable. These include salaries payable, taxes payable - real estate or even income taxes. If you have a mortgage on your property, mortgage payments, you would set it up as a liability.

Equity

The third compartment of all balance sheets is your equity. Your owner's equity and the amount maybe you've taken out of your business.

These are a basic, fundamental set of chart of accounts that you can take and can incorporate into your balance sheet. Things like Quicken and most of these software packages will have these chart of accounts pre-populated. You don't even have to worry about it.

A lot of times they have too much. You can start to delete some of them out, because it gets kind of confusing. In particular if you only have a few properties you want to keep it relatively simple.

Statement Accounts

The next are the income statement accounts. We talk about revenue accounts. These are obviously rent. There are late fees, application fees, and potentially interest. If you have a security deposit, then there might be some interest there, and then other. There are potentially other ways that you can earn. You might do some assignment fees and things like that. Those are our basic set of revenue accounts for most landlords to be sufficient.

On the expense side, this is the basic set that we use. There are administrative fees, bank fees, supply expenses, salary expenses, payroll taxes and fees, and things of that nature. Taxes - if you have unemployment or worker's comp you have to file those taxes. There are rent expenses. Maintenance and repairs are going to be a big one for your buildings. If you have a property manager you would have a management fee.

Insurance

Insurance is definitely another big one. You would obviously have insurance or interest expense. You're going to have marketing costs. You're going to have an office, so there are office supplies, equipment, computers, a fax, and things like that. These are all expenses.

Legal and Accounting Fees

There will be legal and accounting fees if you have an accountant or an attorney involved in your business. You would have to expense those things. There might possibly be corporate taxes. There could be court costs if you have to file evictions and things like that and then miscellaneous expenses. These are a basic chart of accounts that you can use to set up your income statement. That's really it as far as the accounting.

A couple of highlights here. Make sure that you do not co-mingle money. Keep things in nice little silos. Make sure if you've got payroll that you take money from the operating account and move it into the payroll account. That way things remain fairly concise.

Make sure you reconcile your accounts on a regular basis. As you grow and expand, as you get more properties, make sure that you are reconciling those accounts on a fairly regular basis. Do not wait weeks or months before you start reconciling your accounts. It will make your life miserable if you have to spend a lot of time trying to reconcile an account six or eight weeks later.

Residential Property Management - How to Set Up a Chart of Accounts

Tax Consequences of Selling Inherited Property

When you inherit property through either a will or other method such as a gift, you will be responsible for the taxes. There are many different tax consequences that result form selling property that you have inherited.

It is important to be aware of these concequences before you complete the sale. This will help you make sure that you can provide yourself with a quality sale, you get as much out of the sale as possible, and that you provide yourself with the right tax bracket.

County Property Tax

The basic rule is that the recipient's basis for inherited property is stepped up from the benefactor's cost to the asset's fair market value at the time of death. For instance, if a person inherits property worth ,000 and it appreciates to a value of ,000 at the time of sale, the owner will be taxed on the gain of any appreciation of the property. The appreciation in value between ,000 and ,000 will not be recognized for income tax purposes. Gifts are calculated for purposes of gain or loss.

When an asset that was transferred as a gift depreciates to a value below the donor's original cost, the recipient's basis is the fair market value of the asset at the time the gift was received. If the recipient's selling price is higher than the asset's value on the date of the gift but lower than the donor's cost basis, the recipient will have neither a gain nor a loss.

Once properties have been transferred, you are responsible for that property, along with any of the fees that the property might have had. Therefore, you won't be able to change the way the taxes work with the particular property that you have been given through inheritance.

The taxes that you pay on inherited property are going to depend on several factors. First, the taxes are going to depend location of the property.(city, state, and county.) After you have inherited the property, you'll want to contact the city, state, and county to make sure that the property is in the right tax bracket.

The second factor that taxes on inherited properties are going to rely on is the particular type of business you have on the property and on what the property has been zoned for. For instance, when you are looking at a business that has been zoned as a sales business, or as a particular type of establishment, you are going to want to then think about the type of taxes that will be applied.

One you've owned the inherited property, it is then yours, and the taxes are going to be exactly the same as they would have been had you owned the property all along.

Tax Consequences of Selling Inherited Property

How Property Taxes Are Calculated On A Home

Real estate properties in the U.S. are taxed by the federal and state governments. Taxes on these properties are a major source of revenue for local governments. Property tax rates, in the form of percentage, are usually decided by city councils, school boards, town boards, village boards and county legislatures and are collected each year by municipalities such as cities, counties and districts. Every year normally during September or October, the board conducts budget hearings to find out how much funds they will need for their operations the following year. The tax rate is then determined by dividing the board's total taxes by the total assessed value of the jurisdiction.

Property taxes have a special purpose. The funds collected from taxpayers
are used by municipalities to improve vital public facilities and infrastructure such as schools, sewers, libraries, fire stations, hospitals, parks, roads and bridges.

County Property Tax

Laws on the various aspects of real estate properties as well as forms of property tax vary from state to state. However, there's a standard formula in calculating property taxes on a home. The normal process involves multiplying the assessed value of a certain property by the prevailing tax rate. Exemptions, if any, are then deducted from the resulting figure. Currently, some 40 states give property tax credits or homestead exemptions that allow a property to have a lower taxable assessed value.

In some states, the property tax rate is known as a millage tax, millage rate or mill levy with one mill equivalent to 1/1,000 of a dollar. Simply put, an owner of a property will have to pay one dollar for every ,000 in taxable value.

The assessed value of a property is vital in determining the property tax. It is here where the assessor comes in and not in calculating the property tax as some other people might believe. To get the assessed value, the assessor estimates the market value of a property or the price it would likely sell for in the real estate market. This is done by conducting studies and analysis of the local real estate market and taking into consideration new construction, improvements done to the property and demolition of structures.

On your own as a homeowner, you should get an idea of your home's market value based on the sale prices of comparable properties in your neighborhood. If in the event you find that your assessment is a bit high, there is still a chance to have the value reduced through administrative and judicial proceedings or by consultation with your local assessor.

In coming up with the assessed value for residential properties, the actual value is multiplied by the residential assessment rate. The residential assessment rate is usually set by the state thus, it differs in every state.
So for example, the actual value of a home is 0,000 and the assessment rate is 7 percent, the assessed value would be ,400.

Meanwhile, in getting the property tax for the same home valued at 0,000 with a tax rate of say, 25 percent, multiply the assessed value with the tax rate (,400 x .025) and you'll have a property tax bill of ,100.

Keep in mind that property taxes have to paid each year and failure to do so would mean penalties. If possible, learn more about this important tax and other related programs such as tax breaks and tax reliefs that could provide you and your family reduced taxes.

How Property Taxes Are Calculated On A Home

Montgomery Central Appraisal District (MCAD) - Texas - Property Tax Protest

The TEXAS Montgomery Central Appraisal District [ MCAD ] appraises homes and other real estate; this value determines your property tax amount. Reducing your property taxes involves some knowledge and a modest commitment of time, although you do have the option to hire a professional property tax consultant. Basic steps to reducing the taxable value set by the appraisal district include annually protesting market value and/or unequal appraisal annually, reviewing the appraisal district evidence, preparing your case for presentation, attending the informal conference with a staff appraiser, and appearing at a formal appraisal review board (ARB) hearing if necessary.

Note: Most people are not aware that the Texas property tax code makes provision for the property owner to obtain the appraisal district evidence. This information, sometimes called the House Bill 201 package, can be very useful in preparing the case for your reduction.

County Property Tax

The administrative appeal process at the appraisal district office usually involves two steps: 1) an informal conference and 2) a formal ARB hearing. Although the property owner is not required to attend an informal hearing, most property tax protests are resolved by agreement between the property owner (or property tax consultant) and a county appraiser at these meetings. County appraisers are supposed to make changes if there is evidence to support the change, but they are typically reluctant to reduce the taxable value for home by significant amounts. The next level of meeting, which can occur if you are not able to reach an agreement one-on-one with the county appraiser, is a formal ARB hearing. Property owners who were not able to settle through an informal conference have a second opportunity to present their case, and are sometimes able to receive resolution at a formal ARB hearing.

It is important to arrive early for your appraisal district meetings and make an effort to have a polite, pleasant, and calm disposition, even if you are feeling anxious. After you check-in with the clerk at the front desk, be ready to wait 30 to 60 minutes. Maybe bring a book or some work to pass the time. Greet the appraisal staff kindly and graciously. At this level, their goal is like yours, to reach a settlement expediently. After you discuss evidence with a county appraiser, they will sometimes make an offer to settle your property tax protest. You can either accept the offer or continue your appeal with the ARB hearing. In most cases, the value offered informally will also be recommended by the county appraiser at the ARB hearing. The appraisal district knows that most property owners are often reluctant to attend the ARB hearing because of the additional time involved and the process of a formal presentation can feel intimidating for some people.

Formal hearings typically consist panels of three or more ARB representatives, the property owner (or property tax consultant ), and the county appraiser. After introductions and a short explanation of the process, the county appraiser will describe the subject property. The property owner presents opening evidence and responds to any questions from ARB representatives. Next, the staff appraiser presents evidence on behalf of the appraisal district and responds to any questions from the ARB panel. The property owner has an opportunity for rebuttal and to respond to any further questions from the ARB panel for clarification of the facts presented. Finally, the ARB panel deliberates and announces a decision. The decision is not subject to further negotiation at the hearing. You should politely thank the ARB members for their consideration. If you are not satisfied with their decision, you may be able to pursue binding arbitration or a judicial appeal.

Montgomery Central Appraisal District (MCAD) - Texas - Property Tax Protest

Property Taxes, Hazard Insurance, HOA Fees, and Foreclosure

When homes go into foreclosure, the owners are often far more worried about the mortgage payment than anything else. There are numerous costs involved with owning a house, though, and all of these need to be paid before and during the foreclosure. If they are not paid, and the homeowners are able to stop foreclosure before losing the home, they can quickly find themselves back in the same situation, in danger of being sued again for delinquent property taxes, homeowners association fees, or find themselves owning an uninsured home. Even worse, the lender may impose an escrow account or forced insurance on the property. Thus, it is important for foreclosure victims to keep on top of as many of the payments relating to the house as they can.

The county and city property taxes work slightly differently from the other charges mentioned above, due to their higher priority in the foreclosure proceedings, but they, along with any other liens on the property, will be wiped off after the sheriff sale of the house. When the sheriff sale is conducted, the house will be sold for whatever the highest bid amount is. These proceeds will be used to pay off everything that is affecting the house. First to be paid is any delinquent or currently due property taxes. The county gets paid first if the homeowners do not postpone the sheriff sale or work out a solution to prevent foreclosure.

County Property Tax

If the foreclosure victims can not save their house, there may be a possibility of delinquent taxes being added as a lien on the property before the foreclosure. The lender will try to prevent this, as they will want as much of their money as possible without a tax lien, which will include the costs for obtaining the lien, as well as the taxes themselves. However, this possibility depends on how the property tax is being paid, whether through escrow with the mortgage company, or if the homeowners are paying it on their own.

If property taxes are paid through the escrow account, then the lender will pay the property taxes as they come due. Of course, the amounts paid for taxes will be added to the total payoff needed to sell the house or refinance to stop foreclosure, but the taxes will be paid to the county on time. The bank will not let the house go into a property tax foreclosure while they are pursuing their own foreclosure, and this gives them the opportunity to add more interest and charges to the total payoff, as they can stack up more junk fees on a negative escrow balance.

If the homeowners are paying the taxes on their own, though, and they get behind, then the proceeds from the sheriff sale will be used to pay off the property taxes. When the sheriff sale is conducted, the sale price will be used to pay the taxes first, then the mortgage, then any second mortgage and other liens. But the property taxes will be paid, in order to prevent the county from taking possession of the house. The possibility of the county obtaining a lien on the house may be small, but it is usually enough for the bank to impose an escrow account on the homeowners. They simply pay the delinquent taxes and add that amount to the total payoff, along with related charges and interest, which drives up the amount needed to reinstate the loan or avoid foreclosure completely. The homeowners may not even know they are now paying extra every month to keep up a new escrow balance, until they have saved the home and are now making regular payments again -- it is just that the payments may be much higher than they originally were due to the imposed escrow payment.

After the property taxes are paid off through the sheriff sale, the first mortgage will be paid off with as much of the proceeds as are left. If there is not enough to pay the first mortgage completely, then the Homeowners Association (HOA) and other lienholders will simply get nothing.

Now, the HOA could try to sue the homeowners after the foreclosure for the amount of fees that were owed up to the date that they were no longer the owner of the house. It may not be worth the time or effort for them to try to sue and obtain a judgment, though, especially as it is commonly known that most foreclosure victims do not have the extra resources to pay a deficiency judgment and little motivation to work out a payment plan or other arrangements. It is more likely the HOA will simply give up on collecting the fees, as they will not be able to cover the costs of the lawsuit.

Hazard insurance, the last of the costs most commonly associated with the mortgage payment, is usually paid with the mortgage in the escrow or monthly payment. If that is not being paid, or the owners are responsible for paying the insurance on their own, there will be no lien placed on the property for it; the house simply does not have hazard insurance. If anything happens to the house while the insurance is not paid, the insurance will not cover it, obviously. This is another charge that the bank can impose on the property, if they know that the foreclosure victims are not taking care of it. Mortgage companies certainly do not want to loan money on a house that, if it is destroyed, will be a complete loss to them; insurance is most often mandatory for obtaining a loan in the first place.

The longer the foreclosure goes on, the higher costs will climb and the more difficult it will be for homeowners to solve the crisis and prevent foreclosure. Various expenses will still have to be kept on time, including the property taxes, homeowners association fees, and hazard insurance, or else the danger of future foreclosures will be present, or the lender may impose a forced, expensive escrow account to make sure they are paid. Extra liens may be placed on the title, and the homeowners may be sued after foreclosure or find that their insurance has lapsed and will not cover any damages that occur to the property. Thus, homeowners may find that they are fighting foreclosure on numerous fronts at once, but they need to be aware of all of the possibilities of letting their housing payments go into default. Foreclosure is obviously the most pressing concern, but it may be all the little charges that cause them to lose their homes, unless they gain enough foreclosure information to understand the entire process and what is truly at stake.

Property Taxes, Hazard Insurance, HOA Fees, and Foreclosure

Houses With Unpaid Property Taxes - A Unique Investing Opportunity

If you've been investing in mortgage pre-foreclosure homes with little success, you may want to look into switching up your game plan and investing in houses with unpaid property taxes instead. Why? One simple reason: they rarely, if ever, are encumbered by a mortgage.

Houses with unpaid property taxes that make it all the way to tax sale have a few things in common.

County Property Tax

First of all, they've had ample opportunity to be "saved" by their mortgage companies. Normally, if a house has unpaid property taxes and is in danger of being sold at tax sale, the mortgage company will come in and pay the taxes to avoid losing their stake in the property. More often than that, mortgage payments include property tax- so those houses would never end up with unpaid property taxes.

Secondly, the taxes have been unpaid for quite some time. Although there is state code governing how long a property can go with unpaid taxes before being sold at tax sale, often they go much longer due to the discretion of the county (sheriff, clerk, tax commissioner, etc). Once taxes have gone unpaid for that amount of time, we can guess the owner isn't planning on paying them off, or that they don't have the money, or simply don't have a clue that the property will be auctioned off. (Sometimes, they aren't even aware that they own the property at all!)

Finally, the most important thing they have in common is that they are a lucrative investment opportunity. While investing at the actual tax sale isn't always a great way to get a deal on houses with unpaid property taxes, due to the competition from other bidders, you can often get these properties directly from their indigent or uninterested owners for token amounts. They key is to contact them just before the property is going to be lost forever, when they've got nothing to lose by selling to you.

Houses With Unpaid Property Taxes - A Unique Investing Opportunity

Tax Lien Property For Sale - How to Find Them For Free

Finding a tax lien property for sale is pretty easy. Finding a property that is worth buying, especially in today's economic climate, is a bit more tricky. My goal with this brief article is to show you 3 different ways to find pending tax lien sales worth buying... and how to find them for free.

But first, the basics...

County Property Tax

What are tax lien sales?

A tax lien sale is when a government agency auctions off any tax liens against a property to recoup any delinquent taxes against the property. These sales are usually conducted by the tax collectors office or the sheriff's office.

It is important to note that there are two different ways for the government to collect delinquent taxes. One would be this type of sale (tax lien sales), and the other is known as a tax deed sale.

In a tax lien sale, the investor is buying the lien itself. The winning bidder will receive a certificate at the end of the auction that entitles the investor to collect payments for the delinquent taxes, often at a high interest rate. This certificate also allows the investor to foreclose on the property after a specified redemption period if the taxes remain unpaid.

In a tax deed sale, the real estate itself is put on the auction block. The winning bidder takes possession of the property in the form of a tax deed.

Whether your goal is to invest in tax liens or to bid in tax deed sales, the first step is the same: Identifying properties that have tax liens against them.

Where are tax lien records maintained and recorded?

More times than not, tax liens are filed and maintained at the state level. This means two things for you as an investor:

1. There may be a bit more legwork involved (these databases are seldom on the internet) 2. If there is more legwork, there is a much higher chance that you will find worthwhile properties

Generally speaking, the easier it is to find an investment opportunity, the less valuable it is. As my mentor always told me... "Always look for problem properties... and look where nobody else is looking." The best deals are always the ones not many people know about, or the ones that not many people know what to do with.

With that said, this is...

How to find tax lien properties in your state

1. The county recorders office

This is the most time consuming strategy, but is very accurate. Every county in the U.S. has a place where public record is recorded. This would include things like deeds, wills, notices, mortgages and both federal and state tax liens.

Many times there will be a computer on site where you can search across the records. Doing a search for something like "tax lien" will usually uncover a vast list of properties that you can then pay to print out.

2. Tax collectors office

The tax collector usually maintains a list of properties that are going into tax deed sale as well as properties the state is offering tax lien certificates against. Give them a call to make sure they maintain such a list, and it isn't held at the Sheriff's office. Then ask what the procedure is to get one of these lists. They may give you a bit of a hard time; simply remind them that this information is public record and you should be all set.

3. Local Newspaper

As part of the sale process, the county must give "public notice" of all upcoming tax sales. These are always either before or after the classifieds. Go through this section religiously... it is your new golden goose. Make note of the properties that look interesting, and do your due diligence from there.

4. Subscription based list services

This is the only strategy that will cost you some money... which is why I didn't mention it earlier. Consider it a bonus.

Honestly, these types of services are a dime a dozen. Some are better than others. The biggest benefit is the speed that you get access to the information. Always look for ones that update often; generally speaking, locally based websites are better than national ones. If you do a basic search on Google you'll get a list of plenty to choose from.

Tax Lien Property For Sale - How to Find Them For Free

How To Search New Jersey Property Tax Records on the Internet

Property Tax Records are available to the public in the state of New Jersey. The public tax databases contain a wealth of important information that will help you become educated home owners as well as potential home buyers. Until recently, searching the tax records involved a trip down to the county records office and probably the better part of an afternoon. Not anymore, with just a few clicks you can search tax records in any of the following NJ counties:
Atlantic, Bergen, Burlington, Camden, Cape May, Cumberland, Essex, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Morris, Ocean, Passaic, Salem, Somerset, Sussex, Union, and Warren
The three most popular public tax records databases for New Jersey are:
Morris County Tax Board Monmouth County Tax Board TaxRecords.com
Why so many links?

Open them up and take a look. You'll notice that not every site has the most up-to-date database, and some sites (like Monmouth and TaxRecords) allow you to search all counties. All of these sites are free to use and contain information that is obtained directly from each county tax board.

County Property Tax

How do you search the tax record databases?

The Monmouth and Morris County Tax Board sites are among the easiest to use. On these sites you are able to search by property owner (last name), street name and address, as well as the direct block and lot number. When you search by street name, these sites will list all the properties on that given street. When searching by street name it is recommended that you just type in the name of the street; for example if you want to search for properties on "Main Street" just type in "Main" and search. When searching by name, simply type in a last name.

What valuable information lies in each tax record?

You'll find the basic information on the property block and lot location, property size in acres, owner name and address, the current property assessment, and the current and past taxes paid on that property. Total assessment price is broken down into two values, one for the land and the other for the improvements. The land assessment value is what the raw land is worth; whereas the improvement assessment value is the combined value of any buildings and structures on that property. The next best piece of information available to you is the "last sale" information. This shows you the last time this property changed deed owners and what the sales price was. This is an extremely useful piece of information that you can use when potentially purchasing a home.

How can this information be used?

If you are a current property owner and you think you are paying too much in property taxes, you can easily find properties that surround your home and determine how much your neighbors are paying in taxes. Some records will also list the square footage of the home and the acreage of the lot so you can see how properties compare to eachother. This information comes extremely handy if you want to appeal your current tax assessment. If you are a potential home buyer, you can see what surrounding houses are worth and what they currently pay in property taxes. This easily lets you know if the home seller is charging a fair market value price for their home.

How To Search New Jersey Property Tax Records on the Internet

States With No Income Taxes & States With Low Property Taxes

Real Estate Investing & Property Tax Rates

In the United States, property tax is assessed by local government at the municipal or county level. The property tax assessment is based on two values--the value of the land, and the value of the building. Since property tax is calculated at a local-level--and since changes occur frequently--it's tricky to determine the exact spots where property tax is the lowest. However, the following information should help you locate areas with high appreciation AND low property taxes.

County Property Tax

Which States Have the Lowest Property Tax Rates?

County tax rates are often averaged into a single figure, and this number is used when comparing property taxes between states. Surprisingly, Wyoming has the lowest property tax rates. Unfortunately, property values in Wyoming tend to be pretty depressed, due to low population influx and a lack of jobs. Also, Wyoming does not rank highly when it comes to appreciation rates for residential and commercial real estate. Just because an area has low property taxes does not mean it will be the best area to invest in (or relocate to).

What to Look For When Investing

Look for an area that has a consistent rate of real estate appreciation, combined with fairly low property taxes. Often, local property tax rates are low because real estate appreciation in the area is low--so you need to be careful. Cities located next to universities and areas where businesses are relocating are usually excellent spots to buy real estate. Paying attention to population growth can help you spot real estate trends and make wiser investments.

Medium-Sized Cities With the Lowest Property Tax Rates

According to data gathered by the Office of the CFO in Washington, D.C., the following cities have the lowest property tax rates in 2006, based on an annual income of ,000. Assuming you earn ,000 annually, here are the property tax amounts you would pay in each city...

Birmingham AL -- 8

Cheyenne WY -- ,108

Phoenix AZ -- ,248

Wichita KS -- ,309

Denver CO -- ,362

Charleston WV -- ,395

Oklahoma City OK -- ,538

Kansas City, MO -- ,595

Little Rock AR -- ,648

Louisville, KY -- ,713

Jacksonville FL -- ,744

Honolulu HI -- ,781

Billings MT -- ,864

Salt Lake City, UT -- ,904

Virginia Beach VA -- ,918

Jackson MS -- ,971

Charlotte, NC -- ,021

Boise, ID -- ,176

Columbia SC -- ,214

Las Vegas NV -- ,225

Sioux Falls SD -- ,228

New Orleans, LA -- ,231

Wilmington DE -- ,416

Memphis TN -- ,501

Albuquerque NM -- ,517

Houston TX -- ,861

The Connection Between State Income Taxes & Property Tax Rates

States with no income tax (see list below) usually have high property tax rates in their respective counties (The state needs to get its revenue from somewhere!). However, the trade-off is that you will have zero taxes on all earned income. This can be a huge advantage. Instead of paying the state 7 to 15 percent (or more) of your income, you can keep your hard-earned money, and invest it back into real estate or other investments. There are currently nine states that do not tax income at the state level.

States With No Income Tax

Alaska

Florida

Nevada

South Dakota

Texas

Washington

Wyoming

New Hampshire*

Tennessee*

*New Hampshire and Tennessee do not tax earned income, but they DO tax capital gains (dividend and interest income).

How To Find the Best of Both Worlds: Low Property Tax & No State Income Tax

If you're looking for the best of both worlds (low property tax and no state income tax), you may want to consider the following cities:

Sioux Falls, SD

Houston, Texas

Jacksonville, Florida

Memphis, TN

Cheyenne, WY

Las Vegas, Nevada

You can also explore less well-known cities in the nine "no-income-tax" states. Smaller towns and cities generally offer "quality of life" advantages, and higher-than-average price appreciation and growth.

Conclusion

Now you know which states don't tax income, and which areas have the lowest property tax rates. Armed with this knowledge, you can focus on finding the best spot for your next home or real estate investment.

States With No Income Taxes & States With Low Property Taxes