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    • #258753
      Avatar for LissLiss
      Keymaster

      — In Budget101_@yahoogroups.com, “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.

      ~Liss

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