after death .. Property Tax Rate > Boca Raton,Florida?
829142
Taxes follow ownership.  You say who lives there but you don't say who owns it.  In any event taxes are assessed on January 1 of the tax year.  So if an owner with a tax exemption & tax cap dies on January 2d, 2006, the taxes for 2006 will be capped & carry the exemption.  Taxes for '07 will be the full rate without the exemption -- unless the "sister" has an ownership interest.
234222
New stamp duty rates:\n\nProperty price:\n£125,000 - 0% \n£125,001 - £250,000 1% \n£250,001 - £500,000 3% \n£500,001 or more 4% \n\nNot sure about inheritance tax
837496
I say we keep it.  The estate tax only kicks in after a certain amount of money is involved.  Most of the arguments against it try to paint a picture of 'thanks to this darn estate tax, we can't keep the farm now that dad's passed away'.....this is totally incorrect and misleading.  The exemptions on the tax cover estates up to several million dollars- which safely covers most modest estates of hard working families.  \n\nWe're talking about millions and millions of dollars before the tax is enacted on a particular estate, leaving more than enough for any benefactors to live comfortably.\n\nSo some heiress only gets 20 million instead of 30......I'm crying for them- no, really.
677153
West Palm Beach. To move and purchase a home will be worth your investment as compared to other cities and counties in Florida.  If you are not considering you move as an investment and then send it to me, I'll do it for you. \n\nhttp://www.palmbeachfl.com/
1158488
I live in Virginia, but here's a little I have found.\n\nHave relatives in Georgia.  Brother and sister-in-law love it, their children looking to go elsewhere, if they can.  I've only visited Atlanta and Albany, so can't personally get a true picture of life there.\n\nNorth Carolina, I've visited a lot of the region in the western part of the state, near the Tennessee border.  Scenic, moderate climate except in the highlands around Boone.  Brief visit to Charlotte.  The Research Triangle area well known to be driving R&D development.  State seems progressive in their vision, transporatation system improving.\n\nA little about taxes I found from link listed below:\nState income tax rate\nGA 1.0 - 6.0% in 3 brackets\nNC 6.0 - 8.5% in 4 brackets, rates scheduled to be reduced in 2007\n\nState sales tax\nGA state 4% local 3% = 7% total - groceries exempt\nNC state 4.5% local 3%= 7.5% - groceries exempt from state portion, local is optional\n\nReal estate transfer rates\nGA $1 for 1st $1,000 consideration, $.10 for each additional $100, making rate of .10%\n2004 revenue generated $420,000\n\nNC $1 per $500 consideration, 51% of revenue stays at local level, rate is .20%\n2004 revenue generated $54,940,000\n\nNow of this last comparison, I was struck by the wide difference in revenue generated.  With NC rate being twice that of GA, the revenue generated was over 100 times the amount of GA.\n\nEither NC real estate valuation is much higher or there was not much real estate transfer in GA in 2004.\n\nHope this information helps, and good luck in your move!
259783
Yeah you do it is call double tax, because the deceased pay tax on it and now you will pay tax on it again.
647864
First of all, it depends on when you inherited it and when you are selling it.\n\nYour "basis" in the property is what it was worth at the time of the death of the person you inherited it from.\n\nIf that was a while ago, the property may have increased in value.  If it was recently, or in an area not experiencing increased value since you inherited, it may be at or near the same value as your "basis" at the time of their death.\n\nThe difference between your "basis" and the current sales price of the property is called the "capital gain" and it is all that you will be taxed on.\n\nEXAMPLES  \n\nIf value @ death was $35,000.00 and you are selling for $35,000.00 - NO TAX (no gain because the basis is as same as the sales price)\n\nIf value @ death was $25,000.00 and you are selling for $35,000.00 - $10,000 Taxable Capital Gain\n\nAs for the tax rates, that is where my expertise pretty much ends.\n\nThere are Long Term Capital Gains and Short Term Capital Gains, and I do not know the length of time for each, nor whether or not there is a difference because the property was inherited and not purchased.  They are taxed at different rates, and those rates have nothing to do with your income level or any other particulars other than the time the capital asset (the property) was held by you. \n\nFor this you will need to speak to an accountant or tax advisor, but I hope you have a better understanding now of what questions to ask to get a complete answer from them.\n\nGood luck and take care.
987971
Zero. Property taxes are local taxes, not state taxes.
800845
I live in Miami, Florida and houses are soooo expensive that I am looking forward to renting and saving money to then move up north. Taxes this yr came between $6000-10,000 thats horrible. Its due to the hurricanes we had last yr.
623722
Depends on the size of the estate, they charge a percentage, and that percentage also depends on the size and complexity of the estate.\n\nIf it is a small estate, I would DIY it, the Probate office give excellent advice on the procedures.
344526
1.5% to 3% of the estate.\n\nhttp://www.jpenhaligenlaw.com/info02.html
366209
Your question is not completely clear. Do you think you pay a tax when you buy the house? Or are you asking about the yearly property tax that you must pay if you own property in a specific county.?
125551
It depends on the entire value of the tax base in the area.  You can call the local assessor's office to find this.  So, the cost is (9 mil)*(100,000)/(total assessed value of the applicable area)
1113473
You're kidding right?  Buffett's assets are not US held and therefore not subject to the estate tax.  And furthermore, the tax on estate is only 3% - which at that monitary level wouldn't even be noticeable.
766948
Probably the same as the government rate. Call a government agency and ask them.
525897
Per diem is based on the area you are in.  Atlanta would be different from Birmingham and Tampa and Raleigh.\n\nGo to the IRS website for specifics.
587525
That information should be public record, check with the county recorders office or see if your area has a weekly publication like "legal news".  It would provide you with births, deaths, real estate sales, etc... Good luck!