Counties Charge Transfer Tax on Forgiven Debt

Similar to County Assessors using a pre-foreclosure sale price for assessed value,  Jurisdictions in Maryland are struggling with the issue of how to calculate transfer taxes on short sales, stating that transfer taxes on short sales are not to be calculated on the sales price, but rather on the sales price PLUS the amount of [...]

Minnesota Real Estate Taxes Out of

Despite the housing-bust and declining home values, Minnesota homeowners see property taxes increase at an alarming rate in 2010. [...]