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Reports on the tax treatment of the properties of home owners, whose properties have different locations. Options available for paying taxes; Information on second homes; Impact of a low gross income of $100,000. INSET: Calculating deductions..

Reports that Kirby M. Bowers, Loudoun County Administrator, proposed a budget which would raise county real estate taxes by 37 percent. Why the tax increase is needed; Bowers unlikely to get county supervisors' approval; Difficulty in avoiding tax increase.

Offers advice on issues relating real estate. How to avoid losing a tax exemption on property after remarriage; Issue of whether a spouse's suffering from Parkinson's disease is sufficient grounds to cancel a house purchase contract; Issue of whether a nonrefundable earnest money deposit can be claimed on an income tax return.

Presents a graph showing statistical information related to real estate sales in millions of dollars, in the United States, as of January, 22nd, 1996.

Discusses how the dispute between President Bill Clinton's administration and the Republican Congress will affect homeowners' taxes and the real estate industry. Examples of how major tax reforms will effect personal and investment real estate; Information on mortgage interest.

Presents a question and answer segment on the issue of legal aspects pertaining to `tainted spouse' and tax exemptions. Information on capital gains tax exemption; Persons who qualify for this exemption; Example of situation where tax is applied.

Comments on the impact of capital gains cuts and taxation on real property owners in the United States. Influence of legislation on taxation on the taxes of longtime real property owners; Provisions under the proposed 1997 balanced budget plan.

Presents information on real estate in the Washington area with focus on single home sales and prices. Comparison between single home sales figures in Prince William County in January-September 1995 to January-September 1996.

Suggests that the effective date for the capital gains tax cuts may be too late for some home sellers. Expected date for capital gains cuts; Why date may be too late for some home owners; Terms of a proposal by American President Bill Clinton, pertaining to home sales.

Presents information on tax-free property exchanges in the United States. Comments from Ed Horan, president of Realty Exchange Corporation on Haymarket; Federal capital gains rate; Benefits of tax-free exchanges of property.

Reports that a number of Washington District of Columbia home owners, who are upset by errors on their real estate tax bills, gathered at the Department of Finance and Revenue on March 3, 1997 in an effort to have the matter addressed. Comments from Maureen Nelson, tax lawyer from Cleveland Park; Information from aides to Chief Financial Officer Anthony A. Williams on what caused the problem.

Presents information pertaining to real estate in the Washington area focusing on the dissatisfactions of homeowners. Reasons for protests against home builders such as Richmond American Homes by home buyers; Reference to problems experienced by Walter and Sheryl Curtis, and Stanley Orman of Gaithersburg.

Reports that the Maryland Court of Special Appeals has ruled that families who transfer estates to their children are not exempted from paying recordation and transfer taxes. Example of a family who paid such taxes; Information on a petition filed in the Maryland Tax Court by family; Details of case.

Opinion. Looks at the tax promises both presidential candidate Bob Dole and President Bill Clinton have made to homeowners in the United States. Assessment of Dole's and Clinton's tax proposals; Real estate groups' reaction towards these proposals; How taxes will benefit the rich.

Presents an advice column which discusses issues pertaining to real estate in Washington, D.C.

Reports that Washington D.C. Chief Financial Officer, Anthony A. Williams, plans to seek a moratorium on all property assessment, after encountering several problems with the city's real property tax administration. Claims that the city has to assess over $40 billion in commercial and residential real estate; Number of employees who were fired for what Williams described as `negligence.'

Focuses on the funding required to finalize a real estate transaction in Maryland. Average cost of the transaction; Comments from Sheila Ellis Hixson, chairwoman of the Ways and Means Committee; Results of a study conducted by the Federal Housing Administration; Measures being considered by the legislature to address the problem.

Presents information on tax issues associated with real estate in the United States. Details on Section 121 of the Internal Revenue Code; Exclusions in the code; Financial information; Complications in the Internal Revenue Service's rules.