Re: New Tax Rate is Insane!

Posted by bodhipooh on 2018/4/9 10:27:53

K-Lo2 wrote:
Doesn't the first big hit for those whose taxes have gone up come in August?

February, May, August, November?

Yes, but the catch is that the second half taxes will also include the overage (or, reduction) from the 1st half. So, for someone whose taxes may have been initially estimated at 9K, but the post reval taxes come in at 18K, their second half taxes would be 13.5K: 9K for (second half taxes) plus 4.5K (difference between correct first half payment, 9K, and the initially estimated 4.5K payment of the first half.) For those facing large increases, the second half of this year will be tough if they didn't plan accordingly.

This Post was from: