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Daniel and Debra have a principal residence in Ohio, but they also own residences in South Carolina and Colorado. None of the homes are rental property. For 2021, their total real property tax bills total $9,800. On how many of these homes can Daniel and Debra deduct the real property taxes?

Respuesta :

Daniel and Debra deduct the real property taxes on 3 homes.

Fixed asset tax rate from 1% to 2% of the appraisal value.

Article 233 of the Local Government Act of 1991 provides the following basic fixed asset tax rates based on the appraisal value of the real estate in the Philippines. 2% for cities or municipalities in Metro Manila.

Real estate includes land, permanently related buildings, and facilities. Property taxes are levied on agricultural, commercial, industrial, residential, and practical assets. Private property is a property that is not permanently attached to real estate. B. Appliances, furniture, tools, computers.

Real estate is real estate and anything that is permanently attached to real estate. Property owners have all property rights, including the right to own, sell, rent and enjoy the land.

Learn more about Taxes here: https://brainly.com/question/25783927

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