Category

Taxes

Do I have to pay taxes on my profit when I sell my home?

People who haven’t sold a home in decades are sometimes afraid to sell because of all the taxes they fear they will have to pay… over $100,000 is a lot...
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My Property Taxes Increased, But I Disagree With the Assessed Value. Now What?

According to the Minnesota Department of Revenue, “Each spring your county sends you a Notice of Valuation and Classification. Three factors that affect your tax bill are: The amount your...
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What you should know about your home and your 2013 taxes

Written by Dona DeZube and reprinted from HouseLogic.com with permission of the NATIONAL ASSOCIATION OF REALTORS® It’s the last year for three sweet home tax benefits, but the first for...
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Will I have to pay a 3.8% tax when I sell my home in 2013?

A client forwarded an email to me yesterday claiming that under the new health care bill all real estate transactions will be subject to a 3.8% sales tax in 2013....
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Minnesota Homestead Tax Changes in 2012

The Minnesota Homestead Market Value Credit will be replaced by the Homestead Market Value Exclusion in 2012. Where the credit was a reduction in the amount of local taxes due...
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10 Common Errors Home Owners Make When Filing Taxes

Some helpful tax tips from the National Association of REALTORS… By: G. M. Filisko  Published: January 25, 2011 Don’t rouse the IRS or pay more taxes than necessary—know the score...
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Get Your 2010 Energy Tax Credits: Filing Tips for Form 5695

Some helpful tax tips from the National Association of REALTORS… By: Barbara Eisner Bayer Published: January 27, 2011 Sidestep snares in the complex IRS Form 5695 to get all the 2010...
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Sharon and John Hensrud

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The HomesMSP Team is committed to meeting you where you are and listening… really listening to understand you so we can use our extensive knowledge of the market and local neighborhoods to give you personalized service.