Real Estate Tax With Example No Rental

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  • 7/30/2019 Real Estate Tax With Example No Rental

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    Xdv Ioky`hc~dx`oky lo~ Kok!^cy`hckx @kh`|`hsdjy @k|cyx`ke`k Idkdh`dk ^cdj Cyxdxc &Kc|c~ ^ckxch)

    Oixonc~ >24>

    Xdvdx`ok srok dits`y`x`ok &R~orc~xp X~dkylc~ Xdv dkh FYX) dkh dkksdj r~orc~xp xdv

    4) R~orc~xp X~dkylc~ Xdv `y rdpdnjc dx xfc x`ac ol rs~ifdyc ol ~cdj r~orc~xp+ Xf`y xdv `y idjisjdxch dy 4# ok xfcl`~yx (>22*222 dkh ># ok xfc cvicyy o|c~ (>22*222+ Oxfc~ dits`y`x ok ioyxy adp `kijshc `kyrcix`ok lccy*drr~d`ydjy dkh jcedj lccy+

    >) Ask i`rdj r~orc~xp xdvcy d~c hsc dkksdjjp+ @k xfc pcd~ ol rs~ifdyc o~ ydjc* d r~o!~dxd ro~x`ok u jj nc rdpdnjcndych srok xfc ksanc~ ol hdpy xfdx xfc r~orc~xp `y oukch `k xfc pcd~+ Xfc jdupc~ u`jj ho xfc dhmsyxackx `k xfc

    Yxdxcackx ol Dhmsyxackxy+ Dlxc~ xfc pcd~ ol rs~ifdyc* r~orc~xp xdvcy asyx nc rd`h cdif pcd~ &c+e+ Lcn~sd~p >dkh Msjp > lo~ \dkios|c~* Msjp 4 lo~ Uf`yxjc~) dkh d~~dkecackxy yfosjh nc adhc u`xf xfc ask`i`rdj`xp xo ckys~cxfcp d~c rd`h ok d x`acjp ndy`y+ Xfc daoskx `y ndych srok xfc dyycyych |djsc dkh xfc a jj ~dxc ycx np xfcask i`rdj`xp+ Dy d eckc~dj ~sjc ol xfsan* dkksdj r~orc~xp xdvcy d~c drr~ov adxcjp 2+3 xo 4# ol xfc |djsc olxfc r~orc~xp* dyysa`ke xfdx xfc r~orc~xp `y ijdyy`l`ch dy ~cy`hckx`dj+

    9) Fd~aok`}ch Ydjcy Xdv &FYX) ol 4># u`jj eckc~djjp nc ifd~ech ok xfc rs~ifdyc ol d kcujp ns`jx r~orc~xp o~ok xfc rs~ifdyc ol d ioaac~i`dj r~orc~xp xfdx fdh ncck ~ckxch np xfc r~c| osy oukc~+ Xf`y FYX u`jj ncioacrd~x ol xfc ioyx+ @l pos~ `kxckx`ok `y xo syc xfc r~orc~xp rc~yokdjjp* FYX asyx nc rd`h srok rs~ifdyc+ Drs~ifdyc~ ol r~orc~xp sych lo~ rc~yokdj rs~roycy idkkox dkh yfosjh kox ~ce`yxc~ lo~ FYX+

    8) FYX u jj kox nc ifd~ech ok xfc rs~ifdyc ol d sych ~cy`hckx dj r~orc~xp &rc~yokdjjp sych r~orc~xp)* uf`if`kijshcy aoyx foacy* xoukfosycy o~ iokhoy+

    3) Dy ol Dr~`j 4* >249* xfc 4># FYX u`jj nc iok|c~xch xo d ioan`kdx`ok ol 3# EYX &Eoohy dkh Yc~|`icy Xdv)dkh 5# RYX &R~o|`ki`dj Ydjcy Xdv)+ H`llc~ckx eoohy dkh yc~|`icy u`jj nc ysnmcix xo noxf xfc EYX dkh RYX* o~

    msyx xfc EYX+

    249* okjp xfc 3# EYX &rjsy d ># x~dky`x okdj xdv sr xo Dr~ j 4* >243) u`jj nc drrj chxo xfc rs~ifdyc ol kcu foacy* nsx d ro~x`ok ol xfc RYX u`jj nc f`hhck `k xfc rs~ifdyc r~`ic+ Ic~xd`k FYX

    ~cndxcy &sr xo 3#* xo d adv`asa ol (8>*322) adp nc d|d`jdnjc ok ic~xd`k kcu dkh FYX!~ce`yxc~ch r~orc~x`cy srxo Ad~if 94* >249* xo ckios~dec rs~ifdyc~y kox xo ud x skx`j dlxc~ Dr~`j 4* >249 xo rs~ifdyc+ Eckc~djjp* kok!~cy`hckx `k|cyxo~y u`jj kox tsdj`lp lo~ dkp FYX ^cndxc lo~ d kcu foac `k xfc Jouc~ Ad`kjdkh o~ E~cdxc~\`ixo~`d d~cdy* uf`if `y lo~ rc~yokdj syc+ Xfcp adp tsdj lp lo~ xfc FYX ^cndxc lo~ kcu ~ci~cdx okdj r~orc~x`cyosxy`hc xfoyc d~cdy+ Xfcp adp djyo tsdj`lp lo~ d ^cndxc `l xfc kcu r~orc~xp `y ~ckxch+

    5) Xfc~c d~c adkp dkh ioarjcv x~dky`x okdj ~sjcy ~ced~h`ke xfc ifdkeco|c~ l~oa FYX xo EYX rjsy RYX+

    6) Xdv rjdkk`ke `yyscy uf`if yfosjh nc h`yisyych `kijshc oukc~yf`r yx~sixs~c* idr`xdj`}dx`ok ol cvrckh xs~cy xo~chsic xdv o~ lsxs~c ed`ky* ~`ygy ol no~~ou`ke osxy`hc Idkdhd* dkh oxfc~ y`a`jd~ `yyscy+

    Dhmsyxch Ioyx Ndyc

    4) Lo~ Idkdh`dk xdv rs~roycy* xfc xdv ioyx ol xfc r~orc~xp `y ~clc~~ch xo dy xfc Dhmsyxch Ioyx Ndyc &DIN)+ XfcDIN ol d r~orc~xp `y `aro~xdkx ufck hcxc~a`k`ke xfc daoskx ol dkp ed`k srok xfc ydjc ol xfc r~orc~xp+ @xcay

    Jda Jo K`yf`oIfd~xc~ch Diioskxdkxy

    x++6669 l++6660

    `kloBjdajok`yf`o+id uuu+jdajok`yf`o+id

    A`ifdcj X+ P+ Jda* Jxh++6>2< a`gcBjdajok`yf`o+id

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    Hok X+ K`yf`o* Jxh+>3)

    &Cvx >>8)

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    uf`if adp nc dhhch xo xfc DIN `kijshc xfc rs~ifdyc r~`ic* R~orc~xp X~dkylc~ Xdv* FYX &lo~ kcu r~orc~x`cy)*jcedj lccy ~cjdx`ke xo xfc rs~ifdyc* xfc ioyx ol ls~k`xs~c dkh l`vxs~cy &`kijsh`ke xdvcy) uf`if d~c yojh u`xf xfcr~orc~xp* dkh xfc ioyx ol admo~ `ar~o|cackxy o~ ~cko|dx`oky+ @x `y `aro~xdkx xo gccr ior`cy ol `k|o`icy o~~cic`rxy lo~ djj xfc dno|c ioyxy dy xfcp asyx nc r~o|`hch xo I^D ufck ~ctscyx`ke d Ic~x`l`idxc ol Ioarj`dkic&ycc ncjou)+

    Idkdh`dk Xdv ^cxs~k

    4) D kok!~cy`hckx oukc~ ol d r~orc~xp* uf`if `y kox ~ckxch* `y kox ~cts`~ch xo l`jc dk dkksdj `kioac xdv ~cxs~k dyxfc~c `y ko `kioac xo ~cro~x+

    >) Xfc kok!~cy hckx oukc~ u jj kox nc ~cts`~ch xo l jc dk `kioac xdv ~cxs~k skx`j xfc r~orc~xp `y yojh+ @l xfcr~orc~xp `y yojh lo~ d ed`k* xfc kok!~cy`hckx asyx l`jc dk `kioac xdv ~cxs~k xo ijd`a d ~clskh ol xdvcy u`xffcjh lo~xfc rs~royc ol onxd`k`ke xfc Ic~x l`idxc ol Ioarj`dkic &ycc Xdvdx ok ok h`yroy`x ok ncjou)+ @l xfc r~orc~xp `yyojh lo~ d joyy* xfc kok!~cy`hckx idkkox ijd`a xfc joyy dy I^D ioky`hc~y xf`y xo nc d rc~yokdj cvrckyc &`+c+rc~yokdj syc r~orc~xp)+

    Ifdkec ol Syc

    4) Xf`y rdarfjcx dyysacy xfdx xfc r~orc~xp `y nc`ke sych 422# lo~ rc~yokdj syc dkh `y kox ~ckxch dx dkp x`ac*c`xfc~ lo~ k`efxjp ~ckxdj o~ aokxfjp ~ckxdj+

    >) Xfc~c d~c yrci`dj |c~p ioarjcv ~sjcy lo~ xfc lsjj o~ rd~x`dj ifdkec ol syc ol xfc r~orc~xp+

    9) Lo~ `kioac xdv rs~roycy* xfc~c u`jj nc d hccach h`yroy x`ok* dkh ~c!dits y`x ok* dx xfc ld`~ ad~gcx |djsc `l xfcr~orc~xp `y ifdkech l~oa ~c|cksc r~ohsi`ke &k`efxjp o~ aokxfjp ~ckxdjy) xo kox r~ohsi`ke ~c|cksc* o~ l~oa koxr~ohsi`ke ~c|cksc xo ~c|cksc r~ohsi`ke+ Xf`y iosjh ~cysjx `k `kioac xdvcy nc`ke rdpdnjc ok dkp `ki~cdyc `k|djsc* c|ck xfosef xfc r~orc~xp fdy kox ncck yojh+ @x adp nc royy`njc xo d|o`h xfc hccach h`yroy x`ok np ho`ked yrci`dj cjcix`ok+

    8) Xfc~c adp nc dhh`x`okdj ioarj idx oky lo~ d ifdkec xo d a`vch!syc r~orc~xp &c+e+ rd~x!pcd~ k`efxjp ~ckxdj* rd~x!pcd~ aokxfjp ~ckxdj dkh rc~yokdj syc)+ Ioarj`idx`oky iosjh djyo ~cysjx* lo~ cvdarjc* l~oa ~ckx`ke d ys`xc `k xfcfoac+

    3) @k dhh`x`ok* xfc~c u`jj nc FYX ioarj`idx`oky `l xfc oukc~ ioaackicy xo ~ckx xfc r~orc~xp ok d k`efxjp ndy`y+

    ) Xfc u xffojh`ke xdv `y rd`h np l`j`ke d lo~a X>2 dkh rdp`ke d u`xffojh`ke xdv ol >3# &ok xfc jdkhro~x`ok) dkh sr xo 32# &ok xfc ns`jh`ke ro~x`ok) ol xfc `kxc~`a ed`k ok ydjc+ Xfc `kxc~`a ed`k `y idjisjdxchdy xfc ycjj`ke r~`ic jcyy xfc DIN+ Dx xf`y yxdec* ioaa`yy`oky* jcedj dkh diioskx`ke cvrckycy d~c kox hchsix njc`k xfc idjisjdx`ok ol xfc `kxc~`a ed k+ Okic xf`y lo~a `y diicrxch np I^D dkh xfc xdv fdy ncck rd`h* I^D u`jj

    `yysc d Ic~x`l`idxc ol Ioarj`dkic &II) &ycc dxxdifch Cvdarjc ol Idkdh`dk Xdvdx`ok srok H`yroy`x`ok olIdkdh`dk ^cdj Cyxdxc np Kok!~cy`hckx @kh`|`hsdj)+

  • 7/30/2019 Real Estate Tax With Example No Rental

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    I^D `y iokic~kch xfdx xfc kok!~cy`hckx adp ycjj xfc r~orc~xp* xdgc xfc r~oicchy osx ol Idkdhd dkh kc|c~ rdpdkp xdv+ @x uosjh nc |c~p h`ll`isjx lo~ I^D xo iojjcix xdv l~oa d kok!~cy hckx ufo ko jokec~ fdy dkp dyycxy `kIdkdhd+ Xfc~clo~c* xfc udp xfdx I^D cklo~icy xfc iojjcix ok ol xf`y xdv `y xo x~dkylc~ xfc onj`edx`ok xo rdp xdvl~oa xfc kok!~cy`hckx |ckho~ xo xfc rs~ifdyc~ ol xfc r~orc~xp+ Skjcyy xfc rs~ifdyc~ ~cic |cy d y`ekchhcijd~dx`ok xfdx xfc |ckho~ `y d ~cy`hckx ol Idkdhd o~ ~cic`|cy xfc dno|c!ackx`okch II* xfc rs~ifdyc~ u`jj nc

    j`dnjc lo~ u`xffojh`ke xdv ol >3# ol xfc ycjj`ke r~`ic dkh xfc rs~ifdyc~y jdupc~ asyx ~ca`x xf`y u`xffojh`kexdv xo I^D+ Yoac rs~ifdyc~y jdupc~y adp hcadkh 32# u`xffojh`ke xdv ok xfc ckx`~c r~oicchy+ Xfc~clo~c djjgkoujchecdnjc rs~ifdyc~y u`jj ~ctscyx d II ufck rs~ifdy`ke r~orc~xp l~oa d kok!~cy`hckx+ Xf`y r~oichs~cdrrj`cy ufcxfc~ xfc rs~ifdyc~ `y d Idkdh`dk ~cy`hckx o~ kox+

    @k r~dix`ic* xfc rs~ifdyc~%y jdupc~ u`jj eckc~djjp fojh ndig >3 # &o~ `k yoac idycy* sr xo 32#) ol xfc ckx`~crs~ifdyc r~`ic skx`j xfcp ~cic`|c xfc II+ Xcifk`idjjp* xf`y xdv asyx nc ~ca`xxch xo I^D np xfc ckh ol xfc aokxflojjou`ke xfc aokxf ol ijoy`ke+ Fouc|c~* xf`y ~cts`~cackx idk nc ud`|ch np onxd`k`ke d Ioalo~x Jcxxc~ l~oaI^D+ @x is~~ckxjp xdgcy dnosx 4> xo 4< uccgy lo~ I^D xo r~oicyy d II+ Xfc lo~a X>2 adp nc l`jch nclo~c*dkh asyx nc l`jch u`xf`k 42 hdpy ol* ijoy`ke+ Uc yseecyx xfdx `x nc l`jch dy cd~jp dy royy njc+ Rckdjx`cy u`jj ncdyycyych `l `x `y l`jch jdxc~ xfdk 42 hdpy dlxc~ ijoy`ke+

    9) Dlxc~ xfc ckh ol xfc xdvdx`ok pcd~ `k uf`if xfc r~orc~xp `y yojh* xfc kok!~cy`hckx adp l`jc d X4 rc~yokdj xdv

    ~cxs~k xo ~cro~x xfc h`yroy`x`ok ol xfc r~orc~xp dkh idjisjdxc xfc dixsdj ed`k dkh xfc l`kdj xdv+ @k xf`y idjisjdx okol xfc dixsdj ed`k* xfc kok!~cy`hckx idk hchsix djj ~cjdxch ycjj`ke cvrckycy ysif dy ioaa`yy`oky* jcedj dkh

    diioskx`ke lccy+ @k dhh`x ok* hcrckh`ke ok xfc i`~isayxdkicy* xfc kok!~cy`hckx idk ko~adjjp ijd`a idr`xdjed`ky x~cdxackx uf`if acdky xfdx okjp 4/> ol xfc ed`k u`jj nc xdvdnjc+ Xfc xdvdnjc `kioac u`jj nc ysnmcix xor~oe~cyy`|c ~dxcy l~oa >># xo 89# &lo~ >24>) Y`kic xfc xoxdj dixsdj xdv u`jj nc jcyy xfdk xfc u`xffojh`ke xdvrd`h dx xfc x`ac ol onxd`k`ke xfc II* xfc kok!~cy`hckx u`jj nc ckx`xjch xo d ~clskh ol xfc h`llc~ckic+ Rjcdyc ~clc~xo xfc dxxdifch Cvdarjc ol Idkdh`dk Xdvdx`ok srok H`yroy`x`ok ol Idkdh`dk ^cdj Cyxdxc np Kok!~cy`hckx@kh`|`hsdj+

    8) Ioarj`idx`oky uf`if adp d~`yc `k xfc drrj`idx`ok lo~ II adp `kijshc= y`ek`l idkx ~cko|dx`oky* y`ek l`idkx~cko|dx`oky u`xfosx ~cic`rxy* mo`kx x`xjc h`llc~ckx l~oa nckcl`i dj oukc~yf r* `kysll i`ckx lskhy xo rdp osx dao~xedec* r~c|`osy hccach h`yroy`x`ok srok ifdkec ol syc* r~`ki`rdj ~cy`hckic nclo~c ifdkec ol syc* r~c|`osy`kfc~`xdkic ol r~orc~xp* mo`kx oukc~y u`xf h`llc~ckx ~cy`hckic yxdxsy* x~dkylc~ srok h`|o~ic* |ckho~ ca`e~dx`ke

    l~oa Idkdhd dkh oxfc~ `yyscy+ Uc idk fcjr u`xf xfcyc y`xsdx oky+

    3) FYX yfosjh kox nc ifd~ech ok xfc ydjc ol d sych ~cy`hckx`dj r~orc~xp uf`if udy sych lo~ rc~yokdj rs~roycyokjp+

    Uc idk fcjr pos

    Uc idk dyy`yx d kok!~cy`hckx dy koxch `k os~ rdarfjcx ckx`xjch Yc~|`icy lo~ Kok!~cy`hckx @kh`|`hsdjy @k|cyx`ke `kIdkdh`dk ^cdj Cyxdxc+

    @k rd~x`isjd~* uc idk dyy`yx d kok!~cy`hckx u`xf xfc lojjou`ke=

    Gccr`ke x~dig dkh idjisjdx`ke xfc DIN hs~`ke xfc rc~`oh ol oukc~yf`r*

    Dh|`y`ke ok xfc xdv `arj`idx`oky ol d ifdkec `k syc*

    Drrjp`ke lo~ d Ic~x`l`idxc ol Ioarj`dkic srok ydjc* dkh

    R~crd~`ke dkh l`j`ke xfc X4 rc~yokdj xdv ~cxs~k xo ~cro~x xfc ed`k ok ydjc* dkh drrjp lo~ d ~clskh+

    Xf`y acao `y ol d eckc~dj kdxs~c okjp dkh r~olcyy`okdj dh|`ic yfosjh nc yosefx nclo~c

    ioarjcx`ke dkp x~dkydix`ok+

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    @k o~hc~ xo r~o|`hc pos u`xf xfc yc~|`icy koxch dno|c* uc dyg xfdx pos ioarjcxc os~ Tscyx`okkd`~c+

    Rjcdyc iokxdix sy `l pos uosjh j`gc c`xfc~ ol xfc dno|c+ Rjcdyc koxc xfdx uc djyo fd|c dhh`x`okdj rdarfjcxy ~ced~h kek`efxjp ~ckxdj r~ohsi`ke ~ckxdj `kioac* k`efxjp ~ckxdj r~ohsi`ke nsy`kcyy `kioac dkh aokxfjp ~ckxdj+

    Iokxdix

    Lo~ ls~xfc~ hcxd`jy o~ tscyx`oky* rjcdyc iokxdix Hok K`yf`o &`k Ckej yf o~ Mdrdkcyc)* A`gc Jda &Idkxokcyc o~Adkhd~`k)* Nc~kd~h Jo &Idkxokcyc)+

    +Ldv= !6660* Xcjcrfokc= !6669* C!ad j= hokBjdajok`yf`o+id* a`gcBjdajok`yf`o+id * o~nc~kd~hBjdajok`yf`o+id+ Ucn= uuu+jdajok`yf`o+id

    >l Z d2 Z dZ ^CXdvu`xfCvdarjcKo^ckxdj

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    Cvdarjc ol Idkdh`dk Xdvdx`ok

    srok H`yroy`x`ok ol Idkdh`dk ^cdj Cyxdxc np Kok!~cy`hckx @kh`|`hsdjOix+ >24>

    Dyysarx`oky=

    Rs~ifdyc &Koxc 4)

    Rs~ifdyc r~`ic ( 909*222

    R~orc~xp x~dkylc~ xdv *222

    Jcedj dkh diioskx`ke lccy lo~ ycjj`ke 8*222Ao~xedec jodk ndjdkic dx x`ac ol ydjc >22*222

    U`xffojh`ke xdv dx x`ac ol h`yroy`x`ok xo onxd`k Ic~x`l`idxc ol Ioarj`dkic &.II.)

    Ycjj`ke r~`ic ( 22*222

    U`xffojh`ke xdv ~dxc >3#

    U`xffojh`ke xdv rdpdnjc &Koxc >) 32*222

    Idyf ljou ok ydjc

    Ycjj`ke r~`ic >*222

    Jcedj dkh diioskx`ke lcc 8*222

    Ao~xedec rdposx >22*222

    Fojhndig np jdupc~ dx >3# ok 8*222

    Fojhndig np jdupc~ 432*222

    jcyy= U`xffojh ke xdv rd h lo~ II &ycc dno|c) &32*222)

    Kcx rdpackx xo K^ oukc~ srok ~cic`rx ol II 422*222

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    L`kdj xdv srok l`j`ke X4 rc~yokdj xdv ~cxs~k

    Ycjj`ke r~`ic >*222

    Jcedj dkh diioskx`ke lcc 8*222

    &8>#) &Koxcy 9 , 8) >6*222

    Jcyy= U`xffojh`ke xdv rd`h lo~ II &ycc dno|c) &32*222)

    Xdv ~clskh xo K^ oukc~ ! ysaac~ ol xfc lojjou`ke pcd~ ( >>*222

    Koxcy=

    4 Dyysac xfdx djj ls~k`xs~c dkh l`vxs~cy d~c kijshch `k xfc rs~ifdyc dkh ycjj`ke r~`icy+

    > Xfc jdupc~ u`jj eckc~djjp fojh ndig (432*222 &>3# ol (3# skhc~ yoac i`~isayxdkicy+

    9 Xfc l`kdj `kioac xdv u`jj nc idjisjdxch dx r~oe~cyy`|c ~dxcy l~oa >> xo 89# &lo~ >24>)+

    8 Xfc idjisjdx`ok ol xfc l`kdj `kioac xdv dyysacy xfdx xfc~c `y ko ~cidrxs~c ol IID+

    3 Rjcdyc ~clc~ xo os~ rdarfjcx .Xdv Ioky`hc~dx`ok lo~ Kok! cy`hckx @kh`|`hsdjy @k|cyx`ke

    `k Idkdh`dk ^ckxdj ^cdj Cyxdxc.+

    orc~adk/>l! /d! / CeXdvOkYdjc