State officials made a last-minute holiday announcement Thursday when they detailed 200 new jobs that will be coming to Blount County. Gov. Bill Haslam and Department of Economic and Community Development Commissioner Bob Rolfe announced Avant LLC, an online lending platform, will create a new operations and call center in Louisville.
Tax Implications When You Sell Your Home for a Profit. 1  $250,000-$500,000: You may be able to exclude up to $250,000 of the capital gain from your income for an individually filed return, and $500,000 on a joint return, in most cases, when you realize a capital gain from the sale of your primary residence.ax Implications When You Sell Your Home for a Profit. 1  $250,000-$500,000: You may be able to exclude up to $250,000 of the capital gain from your income for an individually filed return, and $500,000 on a joint return, in most cases, when you realize a capital gain from the sale of your primary residence.
If a real estate owner does not pay the required taxes on a property, the county will offer the property up for sale at an auction as a tax sale to help generate the lost tax income. There are two types of tax sales - tax lien sales and tax deed sales. In tax lien sales, the county government sells their right to the tax lien on the real estate property, allowing the buyer to bid on the tax debt for a favorable return on investment. In tax deed sales, the county government sells full ownership and possession rights of the property to the investor.