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Property in Dexter, Maine
| Zipcode |
Population |
Households |
Average
house value | | 04930 | 4,344 | 2,315 | $107,926 |
Other cities in the area: Dover Foxcroft, Newport, Corinth, Guilford, Corinna, Palmyra, Hartland, Charleston
Maine is an eastern state known for its beautiful and often rugged coastal scenery, as well as its
lighthouses, covered bridges and scenic byways. It is a state full of natural attractions that residents
and visitors can enjoy, and Dexter shares in this natural beauty.
Like many areas of the state, Dexter is considered a great location to raise a family because of the many employment and business
opportunities, and the overall great quality of living. As with any extra revenue, you are responsible for paying taxes on the rent you collect with your Dexter income property. However, you can generally deduct expenses of renting property from your rental income including depreciation, repairs, and operating expenses. If you operate on a cash basis, you can count the rental income as income when it is received, and can deduct your expenses as they are paid. You do not have to include a security deposit in your income if you plan on returning it to the tenant at the end of their lease. However, if you do not return it, this money is taxable income. As well, make sure to check with your tax advisor to ensure your taxes are correct.
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Equal Housing Opportunity
