Property taxes in Virginia, compared to the rest of the US, are pretty much in the middle, if not on the lower end of the scale. Did you know that according to Credit Sesame, who provides a really cool interactive map of property taxes by state in the US, New...
Issues
Virginia Home Efficiency Rebate Program Is Open Again!
As of today at noon, the Home Efficiency Rebate Program is open again, making approximately $5 million available to those who make their existing homes more energy efficient. This seems like a lot of money (which is provided by the Department of Mines, Minerals, and Energy), but it will not...
Virginia’s Livable Home Tax Credit Program
There is a tax credit in Virginia called the Livable Home Tax Credit, which grants up to $5,000 to folks who purchase a new accessible housing unit, or to up to 50% of cost for folks who retrofit an existing residence with accessibility features. (The limit used to be $2,000,...
An Update on The “MID” (Mortgage Interest Deduction)
You might recall that we posted earlier this year about the Mortgage Interest Deduction and how the current Administration is trying to change this tax deduction that has been in place for over 80 years. Well, as you can imagine, this has stirred up some strong feelings from homeowners. In...
Understanding the Transfer of Property: Closing
This is the third of a short series of posts about the transfer of property — the first was about title insurance, and the second was about tax aspects. The fourth (and final) post will be about deeds. After a contract is signed — or ratified — by both parties...
Tax Exemption for Solar Energy in the City of Harrisonburg
A while ago we posted about using solar energy to power your home, and how EMU has been making Virginia history by installing the Commonwealth’s largest solar panel array. Solar energy is a very economical use of resources, and is becoming more and more popular. There have been tax credits...