Vacation Home Sale May Have Tax Consequences

Question: We have owned a vacation home in Sierra Vista for 15 years. We would like to sell this Sierra Vista home, but we do not want to pay any taxes. Will we have to pay any taxes if we sell our vacation home? Answer: Probably. Although there is a $250,000 single-person exemption/$500,000 married exemption…

Read More

Lose Vacant Lot if Don't Pay Property Taxes or HOA Fees

Lose Vacant Lot if Don’t Pay Property Taxes or HOA Fees   Question: Twenty years ago my husband and I purchased a lot in northern Arizona. Although there were promises by the developer about development of the entire area, no development has occurred, and no development is anticipated. Every year we pay the property taxes…

Read More