Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt
by sokoloff on Tuesday November 02, 2021 @01:19PM
(#29084307)
Many places have a (small) rebate for owner-occupied real estate. Cambridge, MA is one; I get a break for living in my house as a primary residence.
Edit to add: I looked up the exemption calculation. It excludes up to $432,666 from the assessed value. Multiply that exclusion by the rate of 0.00585 ($5.85 per $1K per year) and the exclusion reduces a homeowner's taxes by $2,531.10/yr.
Edit to add: I looked up the exemption calculation. It excludes up to $432,666 from the assessed value. Multiply that exclusion by the rate of 0.00585 ($5.85 per $1K per year) and the exclusion reduces a homeowner's taxes by $2,531.10/yr.