That Pesky 3.8% Tax (from the National Association of REALTORS®)

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Tax and Financial info – Roaring Fork Property

That Pesky 3.8% Tax   (from the National Association of REALTORS®)

Tax and Financial info, UncategorizedBy rfpadmin July 31, 2012

Please read this section for information about this 3.8% tax that is scheduled to take effect in 2013. Now that the Supreme Court has upheld the health care legislation, all of its major provisions remain in effect, including the new tax that was designed to affect upper income taxpayers. The 3.8% tax is imposed ONLY on…

Property tax bills fall for midvalley residents

Tax and Financial info, UncategorizedBy rfpadmin February 17, 2012

From Scott Condon of The Aspen Times: BASALT Plummeting property values in the Roaring Fork Valley portion of Eagle County were finally reflected in tax bills that arrived last month. Property values generally fell about 35 percent in the part of Eagle County that includes El Jebel, part of Basalt and portions of Missouri…

What to do When You are Upside-down

Buying, Selling, Short Sale, Tax and Financial info, UncategorizedBy rfpadmin August 26, 2010

The following is my response to an e-mail I recieved from a nice couple in Illinois. Their current home had lost about 50% of it’s value and they needed to move because of an expanding family and proximity to their work. Because they owe about $80,000 more than their house is currently worth, they needed advice on what their options…

Reminder about the free $8,000

Market Data, Tax and Financial info, UncategorizedBy rfpadmin March 21, 2010

I just wanted to remind everyone that the free $ from the tax credits are going to expire on April 30, 2010. For first time homebuyers, that means $8000 less towards your first purchase if you don’t get something under contract by the 30th. This also applise to the $6,500 offered for folks who have…