Investment property tax exemptions or other reductions?

[Kurt Gardner]

I searched the site for some basic information on this, and didn't see much in the specific area of exemptions, and that might be because there really isn't any (sad face).

I do know the lot of you are much more intelligent than any search engine, so I put this out there for your wise counsel:

"Are there any exemptions or other tax credits that I can file with the county that would reduce my 'Net Taxable Value' on my investment properties (properties that I do not live in, have a mortgage for, and rent)?"

I appeal all my valuations with appraisals and or the HUD statement when I buy, and that usually helps for a year or so, then the county likes to get their money back as soon as possible (and typically, they do by jacking up the assessed value immediately).

I am looking for any options to keep my tax bill as low as possible and all help is appreciated.

Thank you, always!

[John Thedford]

If you find a way let me know. I don't know your state laws but many states have tax advantages for owner occupants.  Without a doubt I pay a LOT more in taxes because I cannot get owner occupied tax savings. It seems states love (or hate) investors...my guess being they love the extra income to help support the system! I just got hit with 34K in tax bills...and it only gets worse every year.