BEST ANSWER
Rose, both can be the right choice depending on your specific needs. Tags or taxes? You can choose which one you would like. If you decide on tags, you will pay tax on the value of the home at the current tax rate and then pay renewals. When including on property taxes, you will pay 1% of the total value, minus homeowners exemption, each year. The choice depends on your personal situation. In most cases, choosing to include on the tax rolls, after deducting the property tax exemption, can be a better choice. I would contact your tax professional for more advice on which would be best for you. If you have more questions, feel free to contact us anytime.
Sun Oct 14 2007, 14:30