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      Avatar for LissLiss

      — In, “NancyR” wrote:


      > One thing to remember is that the winner will have to pay income tax

      on the worth of the house less the $100 entry fee.


      > Nancy


      Yes, but I do believe that the income tax is based on the towns Tax

      assessed value rather than an appraisal, which is considerably lower.

      I do believe the total amount would be less than a single house

      payment or rent payment would be, but we are checking on that.


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