Buying a house in Atlanta requires paying property tax. The purpose of buying a house is to pay Atlanta real estate tax. Atlanta real estate tax is used for various public service facilities, such as police, fire safety, environmental sanitation, education and so on. We all know that the real estate tax in Atlanta is not obtained by some people, but used for all kinds of equipment here. If you don't know much about Atlanta real estate tax, you should know more about their articles. When choosing a property in Atlanta, residents must be prepared for the cost of buying a house and real estate tax.
What about the property tax in Atlanta, USA? It is divided into two parts according to the value of your house: one is land, the other is improvement, and it is an engineering building built on the ground. The annual payment to the local taxation bureau is roughly 1.0- 1.5% of the house price. Every year, the price of the local taxation bureau will change slightly with the change of the meaning of real estate in the sales market. There is a way to sue the real estate industry for price reduction. The owner of the house can find the local county magistrate to fill out a report. At this time, you must make him (her) understand that the local taxation bureau has overestimated.
Naturally, you should prepare some information in advance to show the latest market price of the neighbor's house price. For example, give you three or five sets of house prices of neighbors with similar total area to persuade you. If you can convince the county assessor, transfer it to your local taxation bureau. If it can be reduced, you can pay less taxes. However, this point in the United States is different from that in China. If the real estate industry continues to decline, even if the owners do not sue, the county government will automatically reduce taxes for you.
It is particularly important to note that the value of each person's house is divided into two categories, the upper part is called land and the lower part is called improvement. If you have a rented house or a small apartment with decoration at home, you can give this tax bill to your accountant. These two categories will be very effective for deducting points. Because land resources cannot be devalued, but the architectural improvement of your house can be devalued. For example, if your house is a house, then the service life is 27.5 years and the operating life is 39.5 years. Then I can use your cmprovement to divide this period, which is the part you can depreciate.
This depreciation will reduce your income. When you rent a house for 20,000 yuan, the loan interest is 1 10,000 yuan, and the local tax bureau is 5000 yuan, you have to earn 5000 yuan yourself, and you have to pay taxes. If you want a little depreciation rate, you can pay taxes or pay less taxes. If it depreciates a lot, it can still offset the gains.
What are the real estate tax-free items? The new tax reduction and exemption projects stipulated by local governments in the United States are mainly used for tax reduction and exemption of their own houses, which are completed by reducing the tax basis or underestimating the use value of assets; When the real estate tax exceeds a certain maximum, the operator can get the corresponding national personal income tax credit or cash compensation from the government department.
Property tax relief for self-occupied commercial housing, district governments give a series of preferential policies every year. Relevant preferential policies should be published in official website, and the statement will generally be mailed to each community owner. There are certain regulations on the self-occupied commercial housing here, and it is necessary to stipulate that the owner must live in the house for 2 years in the past 5 years.
Real estate tax relief policies for low-and middle-income families are available in most States in the United States, but the specific boundaries and regulations are different from place to place. Be sure to 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. Then part of the real estate tax, cultural and educational tax they pay can be reduced or exempted, which is equivalent to 700 dollars.
In addition to the real estate tax relief policy for 65-year-old self-occupied commercial housing, every state in the United States generally has great preferential treatment for 65-year-old self-occupied commercial housing. 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 $865,438+0,900, then the annual real estate tax can be reduced by $65,438+0,500. The biggest discount for the elderly is in Virginia. If the total assets cannot exceed $340,000, the annual salary is less than $56,000, 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 will decrease accordingly.
Special family real estate tax relief policies include disabled people, active or retired military personnel and other categories that need to take care of families. Many places in the United States will give real estate tax relief policies.
Real estate tax relief for rental housing
Many homeowners will rent out their houses as a way of managing money. For this kind of homeowners, all state government departments in the United States give real estate tax relief policies, thus achieving the purpose of encouragement.
Rent deduction policy
Owning a house in America needs 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 introduced, so that landlords can use rent to offset other taxes, such as loan interest rate and local taxation bureau.
Tax credit policy for rental expenses
The other is that landlords actively participate in rental management, such as rent collection, house maintenance, water and electricity payment 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 exceeds 6.5438+0.5 million yuan, the allowable deduction will be gradually reduced, and no other income will be deducted after it exceeds 6.5438+0.5 million yuan.