Posts Tagged ‘property tax’
Foreigner's Sale Subject to IRS 'Hold Back'
Question: My wife and I are retired snowbirds from Canada who are planning to sell 10 acres of land in north Scottsdale in the near future. Even in this “down” market, the value of the land is at least $600,000. Although we originally were planning on building a home there, we decided that we did not…Read More
The Benefits of Partioning Acres
Question: My mother and her two brothers own 3 acres of unimproved desert land in north Scottsdale worth approximately $450,000. They have owned this three acres since the 1920s when my grandfather purchased this land. The problem now is that the property taxes have become expensive, and because my mother is elderly and lives…Read More