Wednesday, August 11, 2010

20% owner occupancy exemption

In other words, if you had two identical houses.  The one that was owner occupied could have up to a 20% lower tax bill then the house next door that may not be owner occupied.    In essence we would have not two classifications, but now 4:

residential owner occupied housing with 3 units or less may qualify up to a 20% reduction
residential non-owner occupied housing with 3 units or less

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