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Tax tips for property owners in Gloucester MA

Rounding up tax info?  It always seems I have most of the information but not all of it :) The Gloucester MA city site: 

http://gloucester-ma.gov/ is a great resource to view & gather information on your total property taxes and sewer/water costs (for landlords).  In case you are like me and can't always find this information easily in my own home, the city website has it all neatly filed in one location. Once you are on the city site:

City of Gloucester Website - Home page

"click" on the tab (left side of page) that says "online services".  That will bring you to this page:

City of Gloucester Website - Online services page

The property tax records and water/sewer bills can all be accessed by "clicking" on the highlighted type.

The next page will then ask you for your address or parcel ID number.

City of Gloucester address page for online tax records

If you are unfamiliar with your parcel ID number, it can be found in the "assessors" records online , on a tax or water bill or by calling our helpful Gloucester assessors office. Fill in the address and voila the computer does what computers do and you have your annual records in front of you!

12 Ocean Highlands Gloucester MA 01930, Sea Smoke and Normans Woe!

East Gloucester Cultural District Approved by the City Council!

Karen Ristuben describes the East Gloucester Ma 01930 Cultural District concept, boundaries and purpose in the Gloucester Ma arts community.

 

Real Estate is "Good Debt"

Good debt is defined as debt that produces cash flow. Home ownership is considered good debt because it offers a tax advantage, your home can accrue in value and you have a place to live at a rate fixed for 30 years. Caitlin was really savvy in that she accomplished all of the above in her first home purchase and more. She purchased a two family which will mean her tenant is paying the majority of her mortgage while she lives there for a nominal amount! It is also highly likely that in 5 or so years Caitlin will have saved enough money to purchase another piece of real estate whether it is a single family or perhaps another investment piece. And guess what? In 30 years when the mortgage is paid for this home becomes a 100% revenue stream. Pretty smart 26 year old, huh :) She's my hero!

Waterview home between Long Beach & Good Harbor Beach, Gloucester MA 01930

Did I mention that it was priced below $1,000,000? It is currently listed @ $895,000. I think it offers good value for a large (3300sf), 4 bedroom,14 year old home in this premeir location with water views.