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July 29, 2010  12:32 AM
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Kennedy is author of “Loopholes of the Rich: How The Rich Legally Make More Money & Pay Less Tax.” TaxCents can be reached at (866) TAXCENTS
Second option is a notice of Federal Tax Lien that actually grants IRS legal claim to taxpayers property
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Major improvements, however, like building an addition to an existing home, or building a home on a vacant piece of land can trigger reassessment and therefore an increase in the property tax levied
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