Payoff Statement Template With Balance In Fairfax

State:
Multi-State
County:
Fairfax
Control #:
US-0019LTR
Format:
Word; 
Rich Text
Instant download

Description

The Payoff Statement Template with Balance in Fairfax is a vital document designed to formally request the remaining balance on a loan, providing a clear financial snapshot relevant to real estate transactions. This template is particularly useful for attorneys, partners, owners, associates, paralegals, and legal assistants who handle loan payoffs or financial settlements. Key features include configurable fields for loan details, payment dates, and outstanding amounts, making it customizable to fit specific situations. Users are guided to fill in the date, recipient information, and the current loan balance while noting any changes in escrow or interest accrued. This form simplifies communication with lenders, streamlining the process of confirming payment statuses and outstanding balances. Moreover, it enhances accountability by documenting requests formally. It is essential for professionals ensuring compliance and accuracy in financial negotiations, aiding in reducing potential disputes related to loan payoffs.

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FAQ

To qualify for real estate tax deferral, you must be at least 65 years of age or permanently and totally disabled. Applicants who turn 65 or become permanently and totally disabled during the year of application may also qualify for tax deferral on a prorated basis.

You need the Virginia State's Division of Motor Vehicles website. How can I obtain information about personal property taxes? You can call the Personal Property Tax Division at (804) 501-4263 or visit the Department of Finance website .

Fairfax County provides real estate tax relief and vehicle ("car") tax relief to citizens who are either 65 or older, or permanently and totally disabled, and meet the income and asset eligibility requirements. Qualified taxpayers may also be eligible for tax relief for renters.

You may view your tax information online or request a copy of the bill by emailing DTARCD@fairfaxcounty or calling 703-222-8234, TTY 711.

The property key is shown on the notice you received from the Tax Department. When entering on the IT-119, the R has been pre-populated on the form (Line 1a), enter the six remaining letters and numbers to complete.

Property Number (On your Fairfax County property bill, look near the top or bottom right corner after "Include this Number on your Check:")

Is there a real estate tax exemption for seniors and people with disabilities? Yes, Fairfax County provides real estate tax exemption to residents who are either 65 years of age or older or permanently and totally disabled and meet the income and asset eligibility requirements.

The simple formula: multiply the assessed value by the property tax rate (per $100 of value) to find the amount of taxes due. Keep in mind, Virginia conducts an annual sales ratio study to adjust the ratio between the assessed values and true market values, to ensure fairness and accuracy in taxation.

Real Estate tax bills are due in two installments on July 28 and December 5 of each calendar year.

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Payoff Statement Template With Balance In Fairfax