Property owners get an annual update on their SEV & Taxable Values with their city property tax bill, typically sent in December.So now, the city assessor tracks the SEV, but homeowners are taxed based upon the capped Taxable Value.

You can easily calculate the price you would pay without the exemption by looking at the gross tax bill that was just run for 2024.

We have numerous who have their payments set up to auto-pay.

@David Woodside The 500-hour rule allows you to treat rental losses as active, enabling you to offset other income and reduce your tax bill significantly.

After 2 months going back and forth with them, they finally ended up paying 50% of the $9000 bill.

Wanted to chime in as I have jumped into numerous courses & attended seminars as well. 

In November the bill was $180 and in December $300.

@Nathan Gesner @Alecia Loveless @Bill B.

Each exit strategy offers numerous advantages on both sides. 

Quote from @Bill B.: My GUESS is these homeowners have been tricked/screwed in to signing a long term power purchase agreement, often with no buy out provision.