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SportTrac Discussion
General Sport Trac Discussion
what is your property tax?
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<blockquote data-quote="Richard L" data-source="post: 973935" data-attributes="member: 52972"><p>Les is correct.</p><p></p><p></p><p></p><p>In Texas they allow for a $15K deduction in the appraised value on your home as a Homestead exemption for the house you live in. This also protects you from creditors forcing you to sell your house to pay them. As long as your home's value is not over $200K (I think?) you can file bankruptcy and not loose your house, or be forced to sell it to pay creditors. Of course you can loose your house if you do not pay the mortgage, or taxes</p><p></p><p></p><p></p><p>....Rich</p></blockquote><p></p>
[QUOTE="Richard L, post: 973935, member: 52972"] Les is correct. In Texas they allow for a $15K deduction in the appraised value on your home as a Homestead exemption for the house you live in. This also protects you from creditors forcing you to sell your house to pay them. As long as your home's value is not over $200K (I think?) you can file bankruptcy and not loose your house, or be forced to sell it to pay creditors. Of course you can loose your house if you do not pay the mortgage, or taxes ....Rich [/QUOTE]
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SportTrac Discussion
General Sport Trac Discussion
what is your property tax?
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