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Tuesday, October 25, 2011

Personal Finance Daily: Tips to trim your property-tax bill

MarketWatch
Personal Finance Daily
OCTOBER 25, 2011

Tips to trim your property-tax bill

By MarketWatch



Don't miss these top stories:

If you're facing a steep property-tax bill, contesting the home value used in calculating that levy can net you some big cost savings.

That is, if your home's value has dropped.

As Amy Hoak notes in her Home Economics column today, a problem can arise if your home's value has increased — in that situation, contesting your property-tax bill may bring home only higher costs.

Amy offers some tips and tricks for figuring out where you stand, and whether you should contest your bill. Read her story, plus don't miss Jennifer Openshaw on some of the common financial mistakes people make — and how to avoid them.

Andrea Coombes , personal finance editor

PERSONAL FINANCE

5 tips to turn lower home values into tax relief

One bright side of falling home prices: Homeowners may be able to snag some property-tax relief by challenging outdated assessments.
Read more: 5 tips to turn lower home values into tax relief.


4 money mistakes you don't want to make

Most people can't spend much of their working day managing money, but if you make a little time around the edges and avoid some of the most common pitfalls, you're bound to come out ahead, writes Jennifer Openshaw.
Read more: 4 money mistakes you don't want to make.


Workers come out winners even after 401(k) lawsuits are losers

Few workers are happy with the performance of their 401(k) plans in recent years but how much blame should be placed with employers?
Read more: Workers come out winners even after 401(k) lawsuits are losers.


INVESTING

How not to seek dividend income

Advisers have been forecasting that stock-market leadership would soon shift toward blue-chip dividend-paying stocks. Unfortunately, the most popular dividend-stock strategy among retail investors has produced disappointing returns in recent years.
Read more: How not to seek dividend income.


ECONOMY & POLITICS

Perry stirs pot with new tax plan

Seeking to inject new life into his flagging presidential campaign, Texas Gov. Rick Perry proposes an optional flat income tax of 20% and balancing the budget by 2020.
Read more: Perry stirs pot with new tax plan.


Hiring doesn't boost confidence anymore

Even though companies are hiring and consumers are spending, we still feel pretty lousy about the economy, writes Rex Nutting.
Read more: Hiring doesn't boost confidence anymore.


Consumer confidence weakest since March 2009

U.S. consumers let their pessimism show in October, as their level of confidence drops to the lowest level in 2 1/2 years, Conference Board data show.
Read more: October consumer confidence weakest since March 2009.


U.S. home prices up 0.2% in August: Case-Shiller

U.S. home prices edge higher for a fifth straight month in August, according to the S&P/Case-Shiller index.
Read more: U.S. home prices up 0.2% in August.


COLA is much ado about nothing

If you are counting on seniors to help jump-start the economy because of the cost of living adjustment, or COLA, they are scheduled to receive early next year ... forget about it! This increase is not as good as it looks.
Read more: COLA is much ado about nothing.


Europe must do debt deal quickly: U.S. Treasury

Europe must move "quickly and firmly" to implement any agreement to solve the euro-zone crisis, says Charles Collyns, the Treasury Department's assistant secretary for international finance.
Read more: Europe must do debt deal quickly.


Scenes from China's economy

In this slide show, see images of Chinese commerce and industry in action. Amid China's prosperity, some analysts are worried of a coming "hard landing" for the world's No. 2 economy.
See slide show: Scenes from China's economy.


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