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Want to Lower Your Property Taxes? 7 Steps to Appeal—and Win If you’re a homeowner, you probably already know that recent tax legislation means you can now deduct only up to $10,000 worth of property taxes from your federal tax bill. And if you live in a high-tax state—New Jersey, Illinois, and Texas, we’re looking at you, that probably feels like a drop in the bucket. So it’s understandable if you’re feeling a little extra burn as you pull out your checkbook this tax season. But what can you do besides complain? (Or move?) Sadly, there’s no “get out of paying property tax” loophole—it’s an ongoing burden that homeowners everywhere must take on. But there is a chance you can shrink the amount of taxes you owe on your home. Here’s how. |
