Does property tax vary?

Generally, property taxes are real estate taxes your local government calculates based on your property value (ad valorem tax). The tax is generally due on an annual basis, and the amount fluctuates based on changes to your property value. Is property tax the same everywhere? States generally do not impose property taxes. Many overlapping jurisdictions …

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What states require attorneys for real estate closings?

Which states use attorneys for real estate closings? Several states have laws on the books mandating the physical presence of an attorney or other types of involvement at real estate closings, including: Alabama, Connecticut, Delaware, District of Columbia, Florida, Georgia, Kansas, Kentucky, Maine, Maryland, Massachusetts, Mississippi, New Hampshire, New Jersey, New … What states are …

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Do both owners pay property tax?

Typically, real estate taxes will be assessed on the property, and all owners listed on the deed are legally responsible for the full amount of the tax. … Any tenancy-in-common agreement should clearly spell out the responsibilities for paying property taxes for each owner, as well as other expenses. Can both owners claim a house …

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