“taxes” Archive

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Home Value Stagnation…

Last year, I applied for a reduction in my property taxes. The city approved my claim and reduced my tax bill 25 percent.

Each year, the city re-evaluates all reductions and can raise the tax bill if property values have risen. I’ve been nervous over the last two months as the city re-evaluated our home. Our home is not worth any more than it was last year – perhaps it’s worth even less – but when it comes to government and needing money, they usually err in their favor (trust me. I can say this. I’m a government employee and…that’s what we do).

I opened the mail over the weekend and found an official letter from my city. It said…

they have decided my home value is stagnant and have approved another year at the reduced tax rate!

Yes!!!

Posted by Beks on July 6, 2010 at 5:00 AM in Home Ownership, taxes | 6 Comments »
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A Surprising Change to our Debt…

I am nearly finished with our taxes. We are waiting on two more forms to arrive in the mail before we can finalize the forms.

I spent about an hour compiling information and completing forms in the tax software. It was far easier than I expected and I am a bit perturbed at how difficult our accountant made us think it was and more importantly… how much he charged us to do it.

It’s upsetting to me how many hundreds of dollars we have wasted in the past for something so terribly simple.

Don’t tell my husband but… I actually enjoyed doing it. The chronic organizer/obsessive compulsive in me loved the structure and numbers. My husband offered to do the dishes for a week if I took care of the taxes. If he finds out I actually enjoyed it, I’m on KP duty again so… shhh!

So far, the results are going to make a change to our debt. We can’t finalize anything until mid-week but as it stands now, it’s a far different number than we were expecting.

More? Less? Are we going to have to pull out our credit card to pay the tax due or are we getting some cash back?

I guess you’ll have to wait and see…

Posted by Beks on January 31, 2010 at 9:32 PM in taxes | 9 Comments »
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