How To Reduce Property Tax In

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How To Reduce Property Tax In
How To Reduce Property Tax In

Video: How To Reduce Property Tax In

Video: How To Reduce Property Tax In
Video: How to Lower Your Property Taxes 2024, November
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The privatization of housing gives the owner not only rights, but also obligations. These obligations include the payment of property tax for individuals. It depends on many factors and tends to increase. However, there are opportunities to save on taxes. The state itself provides this opportunity in the form of various tax benefits.

How to reduce property tax
How to reduce property tax

Necessary

  • - Notice for the payment of property tax;
  • - documents confirming benefits.

Instructions

Step 1

Check to see if you receive property tax receipts and notices annually. If not, you need to visit the tax office in your area. If you do, check to see if any benefits are included in this notice. You may be paying less tax now.

Step 2

If the notice does not indicate any benefits, check if you, as the owner of the apartment, belong to any of the following categories. The list of categories is wide enough. Heroes of Russia and the USSR, those who were awarded the Order of Glory of all degrees, war veterans, invalids of the first and second groups, liquidators of the Chernobyl accident, military men who have served in the army for more than twenty years are completely exempt from property tax. Also, family members of the deceased soldier and pensioners do not pay the tax.

Step 3

If you belong to the privileged category, contact the tax office with documents confirming the privilege. For example, for a pensioner, such a document will be a pension certificate, for a disabled person - a certificate from the medical commission confirming the disability.

Step 4

After submitting the documents, the tax will be recalculated from the next month. For example, if you became a pensioner in July and applied to the tax office at the same time, you will be exempt from tax from August. Next year, you will receive a tax receipt for only 7 months of the previous year.

Step 5

If you are not in the exempt category, check to see if your property is tax-exempt. Country houses in garden partnerships and cooperatives are not taxed if they are less than 50 square meters. Also exempt from taxes are premises that belong to artists, fashion designers, sculptors and which are used as workshops. Buildings where a museum or library is currently working belongs to a similar category. Benefits for paying taxes from such premises must also be obtained through the tax office after providing supporting documents.

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