One of the most important factors to consider when buying any property are the property taxes involved. If you have ever been told that a property has no property tax, that is untrue. They exist in every state and vary depending on that state and city.
However, when it comes to the sale of a property, it is possible to pay zero property tax on the capital gains. This can be a huge thing if you find a piece of property that you want to turn around and sell that can be classified as zero property tax in Broussard
Selling Your Property
In most cases when you sell a property there will be a tax on the capital gains. But that has since changed depending on certain guidelines. Under the right circumstances that sale becomes one of zero property tax in Broussard.
Check with your real estate agent to see whether or not you qualify for this exemption. It is an important note because those capital gains can get quite costly, cutting into your potential profits.
Selling Industrial Property
If you have commercial property in Broussard, you are sitting on valuable real estate. Whether you are planning on developing it, or simply buying and flipping, the potential is there to make quite a bit of money. Talk with your real estate agent to see what you should do with that land because developing it can sometimes be too costly.
