Doc Mercer
EOG Master
U.S. Rep. Roy Blunt and his wife are reviewing records to see if they mistakenly received tax breaks on a Washington, D.C., property.
Records show the Republican from Springfield, who is running for U.S. Senate, may have erroneously received a homestead exemption for a $1.6 million residence in Georgetown.
District of Columbia law allows a residential property owner ? in this case, Blunt?s wife, Abigail ? to deduct $67,500 from the assessed value of a home if it serves as the owner?s primary residence.
Tax records reviewed last week showed the homestead exemption had been applied to the home, resulting in an estimated tax break of about $575 this year.
Both Blunts, however, claim Missouri as their home, so the exemption shouldn?t apply.
more . . . http://www.kansascity.com/115/story/1125967.html
Records show the Republican from Springfield, who is running for U.S. Senate, may have erroneously received a homestead exemption for a $1.6 million residence in Georgetown.
District of Columbia law allows a residential property owner ? in this case, Blunt?s wife, Abigail ? to deduct $67,500 from the assessed value of a home if it serves as the owner?s primary residence.
Tax records reviewed last week showed the homestead exemption had been applied to the home, resulting in an estimated tax break of about $575 this year.
Both Blunts, however, claim Missouri as their home, so the exemption shouldn?t apply.
more . . . http://www.kansascity.com/115/story/1125967.html