Form 1040NR

Filed annually to the Internal Revenue Service (IRS) due by June 15th (for most non-resident homeowners)

Payable on the net gain of your property to the IRS
Defer Capital Gains Tax by using 1031 Exchange
FIRPTA Withholding (10% of gross sale price of property).

Withholding of Tax on Dispositions of United States Real Property Interests

Tax return filed annually to the Property Appraiser’s Office (in the County where the rental property is located), due by April 1st – late filing penalties effective after this date.  Tax bills are mailed out on or before November 1st each year.  Payment is due by March 31st with discounts available for early payment.  A $25,000 exemption is available effective January 1st, 2008.

Payable annually to the Tax Collector's Office (in the County where the property is located).  Tax bills are mailed out on or before November 1st each year.  Payment is due by March 31st with discounts available for early payment.