The terms “real estate tax” and “property tax” are often used interchangeably, but they’re not exactly the same thing. Real estate taxes are levied on real property — meaning land and any affixed ...

Budgets that Hampton Roads city councils adopted this year took effect July 1. The city budgets, that fund local governments for the fiscal year, set rates for real estate and personal property taxes.

Historically, CPAs have dissuaded estate planning clients from funding family limited partnerships with personal use property, such as a primary or secondary residence. In the past the IRS has ...