Course Overview

This course will cover basic principles of taxation in real estate and applicable provisions for
residential and investment properties. Topics covered will include federal taxation concepts such
as capital gains and 1031 exchange provisions as well as resources for determining county
property tax rates and the types of legislation which impact property tax rates. The course will
include formulas for calculating tax liability for investment properties, deductable costs and
expenses, and investment property income taxation. In addition, the course will provide an
overview of the assessment process, approaches to property valuation and example of available
tax credits.

Learning Objectives

Upon completion of this course, students will be able to:

• Explain the basic factors affecting taxation of real property.
• Explain the basic approaches to property valuation.
• Describe the assessment process used to determine values for different types of properties.
• Identify the steps in the appeal process to appeal the Notice of Valuation for a residential property.
• Explain the circumstances under which capital gains taxes apply and describe how these taxes are calculated.
• Describe how capital gains taxes may be deferred through the use of 1031 exchange provisions.
• Assist an investor client in creating a budget for an investment property.
• Describe tax liability commonly associated with investment properties.

  Table of Contents

  Unit 1: Taxation of Real Property  -  Time in course 45 minutes

  Unit 2: Property Valuation and the Assessment Process -  Time in course 75 minutes

  Unit 3: The Primary Residence -  Time in course 40 minutes

  Unit 4: Investment Properties -  Time in course 90  minutes

  Unit 5: Capital Gains Tax -  Time in course 50 minutes

  Unit 6: 1031 Exchanges -  Time in course 65 minutes