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2. Why Retirees Are Expected To Sell Their Homes in These ... - AOL

   www.aol.com/why-retirees-expected-sell-homes...

   The average sale price of a home in Punta Gorda was around $424,000 in January, up 12.3% since last year, according to Redfin, which means that retirees could make a nice profit on their homes if ...

3. Will I Owe Taxes if I Sell My Home? - AOL

   www.aol.com/lifestyle/owe-taxes-sell-home...

   You sell the property and realize $1.2 million on the sale, giving you a capital gain of $700,000 ($1.2 million – $500,000 = $700,000). You can exclude $500,000, leaving you with a $200,000 ...

4. What are property taxes, and how are they calculated? - AOL

   www.aol.com/finance/property-taxes-calculated...

   Assessed home value x mills / 1,000 = property tax. The tax rate can also be expressed as the “millage rate.”. One mill equals one one-thousandth of a dollar, or $1 for every $1,000 of home ...

5. Property tax in the United States - Wikipedia

   en.wikipedia.org/wiki/Property_tax_in_the_United...

   Median household income and taxes. Most local governments in the United States impose a property tax, also known as a millage rate, as a principal source of revenue. [1] This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio ...

6. 6 Hidden Tax Breaks for Retirees - AOL

   www.aol.com/finance/6-hidden-tax-breaks-retirees...

   2. Property Tax Breaks. You’ll still be responsible for paying state taxes if you still own property, whether it’s the same house or you’ve downsized. But many states offer tax reductions ...

7. Real Estate 2023: More Retirees Can Afford To Buy Homes in ...

   www.aol.com/real-estate-2023-more-retirees...

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