- This topic has 18 replies, 1 voice, and was last updated June 23, 2008 at 2:17 pm by .
Viewing 0 reply threads
- Posts
— In Budget101_@yahoogroups.com, “NancyR”
>
> 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.
~Liss
Viewing 0 reply threads
- You must be logged in to reply to this topic.