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Springtime Means Property Tax Time – Homeowners Owners Commercial Properties – Will You Appeal ?

June 26th, 2009 by admin



The Daily Journal – News: Real estate tax deadline nears. June 08, 2009, 7:05 am Comment on this story. Iroquois County Treasurer Mindy Kuntz Hagan announced that the deadline to pay the first installment of real estate taxes without penalty is Tuesday. …

Deadline nears for Orange County “informal” property tax appeals … – Deadline nears for Orange County “informal” property tax appeals. April 29, 2009 · 3 Comments. 4/30/09 update: I’ve simplified this info into easy steps to determine if you should file an appeal and posted it on our other real estate …

Economic Development Marketing: Deadline nears for plant closing … – McCloughan said the city would offer any tax incentives allowed by law, including a 50 percent discount on personal property for 12 years. City officials would not speculate on what Noble employees earn. Kitchens said manufacturing jobs …

Southlake Colleyville Grapevine: Deadline for property appraisal … – Deadline for property appraisal protests nears. By SCOTT PRICE Wednesday, May. 20, 2009. The deadline for most property owners in Tarrant County to protest their appraisals with the Tarrant Appraisal District is June 1, 2009. Fort Worth- based attorney Ryan E. Ray said many people do not take advantage of their opportunity to have the tax value of their home or other property reduced. He said this can save people a lot of money. Ray said last year he assisted a Colleyville …

Deadline nears for DP tax exemption :: EDGE San Francisco – A deadline is fast approaching for registered domestic partners whose California property taxes were reassessed between 2000 and 2006, either due to the death of a partner or a breakup, to apply for an exemption and have their tax bill

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It Always Seems as If Tax Hikes are the Norm at City Meetings

June 24th, 2009 by admin



The budget is one of two topics in the City Council’s work session, which will be part of Monday’s special meeting.

In his Jan. 15 memo to the mayor and council, City Administrator Joe Helfenberger said the proposed 2009/2010 budget “would increase the city’s portion of the property tax rate by 6.47 cents per thousand dollars of assessed valuation before the rollback.”

“After you factor in the state-ordered residential rollback, the average residential property taxpayer will see a 1.4 percent increase in the city portion of their property tax bill,” Helfenberger said.

Affordable housing assistance from city may be on its way – I am kinda wondering if the stock markets are set for another tumble in the near future. A few things: Air Canada is looking for an emergency loan to stave off bankrupcty. Oil seems to be in a another mini bubble. …. Norm, “’Pushing the price of lots down’ would just shift the entire burden to the tax payer.” True. But doesn’t the city’s latest proposal essentially do the same thing? “The money will be paid back to the city through property taxes over four or five years …

Taxes and Conservatives 2 – Supply Side | The Conservative Brotherhood – I remember eras of prosperity in the fifties and sixties when tax policy was other than it is now. The gap between the rich and the middle class and poor was much narrower than it is today. And I grew up in what was then the norm, … Conversely, if taxes are lowered then investments will be made to increase GDP, because the lesser tax obligation and the rising GDP will again reach equilibrium at 19.5%, with an increase in employment to complement increased production and …

For example, a residential property taxpayer with a home valued at $100,000 would expect to pay $9.06 more in 2009 than in 2008.

The proposed budget emphasizes targeting city resources toward street, sewer and bridge improvements, according to the city administrator.

“The budget also targets cutting costs through improved efficiencies such as additional automation,” he said. “At the same time, the city is seeking opportunities for tax base expansion, such as potential annexation of the airport/beltway area.”

Several “catastrophic health insurance claims” triggered an unbudgeted 10 percent increase in health insurance rates on July 1, 2008, and will require another 10 percent increase in those rates on July 1, 2009, to keep the fund solvent, Helfenberger noted.

The council will also discuss some Cedar Creek Golf Course issues.

Smart City Memphis: Pay Raises Raise Questions – If a majority of Council members believe that city government has $11 million to spare, we’d suggest that it should be used to reduce the tax rate about a dime. Alternately, City Council should have treated the three percent raise was a one -time bonus, so that it would not be … This year’s budget hearings began with such promise, but deteriorated into some grand-standing that is always expected with such a process and the racial divide that we hoped had finally passed. …

More meetings, no answers on state budget fix | Clout Street … – Wait until AFTER your tax hike is rejected to do this? It would have been much healthier if it were done before the proposed increase. He wonders why nobody supports it. Posted by: NRBovee | Jun 1, 2009 3:37:04 PM … The fault lies with the state for not only not living up to it’s commitment to contribute, but to their nasty habit of robbing the funds of billions of $’s to balance the budget, always with the promise that the money would “be there” when we needed. …

Duval taxpayers group protests new city fees | Jacksonville.com – It’s seems to me, that alot of this crap could wait until the economy showed improvement at least. This crap is contributing to the bad economy and causing more strain rather help. If I wasn’t imagining things, I would think our …. 6/10/ 2009 at 9:48 am There’s always somebody who goes against the norm. Like really, who in the hell enjoys 100% tax increases. It never fails some sadist comes out of the woodwork. Sure I agree we should have to pay our fair share, …

During the meeting’s action portion, council members most likely will vote on:

• Appointing Bankers Trust Co., N.A., of Des Moines, to serve as paying agent, note registrar and transfer agent; and, approving other agreements related to $4.8 million in general obligation capital loan notes.

• Approving the tax exemption certificate and authorizing Heffernan to sign on behalf of the city for $4.8 million in general obligation capital loan notes and levying a tax to pay the notes.

• Authorizing the mayor to submit a Community Development Block Grant Neighborhood Stabilization Program application.

http://www.ottumwa.com/local/local_story_024003935.html

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The Volokh Conspiracy – Tobacco Regulations and Norms: – The city gets a fee for issuing the license and a transfer tax when the license sells in the secondary market. Both smokers and non-smokers get served. The smokers will end up paying higher prices reflecting the costs of the licenses. …. That seems impractical, if you’ve got any experience in the workplace where money is time, and employee meetings cost bucks. Really, some of you must live in LaLaLand to make such crazzzy claims … or else want a fingertip in your deli …

The Future of Affordable Housing in Ohio City | REALNEO for all – However, as I was at that meeting, I can also tell you the complainants, as well as pretty much everyone else there expressed their concern that affordable housing was diminishing in Ohio City and demolition was not what was being asked for – just to … As their tax bases erode, cities and states have announced dramatic layoffs as well; New York City announced 23000 job cuts today. Addressing the collapse of the Building Sector is critical to stabilizing the US economy. …

Urban Review STL » Blog Archive » City of Ballwin’s Sales Tax … – Our customers were always given the option of separate smoking and non-smoking areas. The alderman in the City of Ballwin approached us about the smoking ban and we told them of our concerns. I can tell you, I believe we were right. … What kind of financial slope would the City of Clayton be in if it were to lose 10% to 15% of it’s tax base? I can assure you that it is not a good position to be placed in. We could not overcome that loss and eventually closed the …



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Property Tax Deadlines Draw Near & Nearer

June 22nd, 2009 by admin



The deadline to pay property taxes without a penalty is nearing, and most Henderson County homeowners have beaten the cutoff date.

Those who don’t have their money in by the January 31 deadline will be charged a seven percent penalty in February, according to information from Henderson County Tax Assessor/Collector Milburn Chaney’s office.

County collections are now at 63.68 percent and have been running about a percentage point above last year’s pace. In October, Chaney’s office sent out bills totaling $65,748,757.28 for all entities served by the county tax office. To date $47,482,332.82 has been remitted by taxpayers.

Though the county offers a small discount for early payment, Chaney said, most of taxpayers take care of their obligation in January.

After February, the penalty will increase by two percent each month through July, when the rate tops out at 18 percent. After July, an attorney’s fee will be added to the cost.

Aside from going to the Tax Office in the Henderson County Courthouse Annex on Prairieville Street, homeowners can also make credit card payments on the upgraded county Web site. In 2008, the county entered a contract with NET Data to update the software and make it possible to view property tax information without going to Chaney’s office.

There are just a few days left for Jackson County property owners to pay their property taxes without a penalty.

The deadline for property tax payment is Wednesday, Dec. 31, according to Revenue Commissioner Ron Crawford.

Crawford said the Revenue Commission Office will be open Monday, Dec. 29 from 8 a.m. until 6 p.m., Tuesday, Dec. 30 from 8 a.m. until 4:30 p.m. and Wednesday, Dec. 31 from 8 a.m. until 4:30 p.m.

If you mail in your payment, it must be postmarked by Dec. 31 to avoid penalty.

Crawford added that property owners can also make their payments online at www.jacksoncountyrevenue.com. Paying online will actually allow owners an extra day without penalty if they pay before midnight on Jan. 1.

Crawford said his office was slightly ahead in receiving payments as compared to last year.

“That’s pretty good considering folks tend to wait until the last week,” he said.

Property taxes became due on Oct. 1. Taxes not paid by Dec. 31 become delinquent. By February, a citation fee is sent out. In March, the revenue office advertises a tax sale for three weeks.

Crawford said the actual tax sale takes place at the end of April.

Deadline to contest property tax valuation nears – Delaware Gazette – Deadline to contest property tax valuation nearsDelaware Gazette, OHThe March 31 deadline for Delaware County residents to contest the most recent property tax revaluation is approaching, Delaware County Auditor George Kaitsa said.

Becoming delinquent on your taxes, you become subject to a $2 per day, penalty per parcel, plus interest.

Crawford also said anyone looking to apply for a Homestead Exemption must do that by Dec. 31.

A Homestead Exemption is a tax break a property owner may be entitled to if he or she owns a single-family residence and occupies it as their primary residence on the first day of the tax year for which they are applying.

A Homestead Exemption must be requested, it is not automatic.

The following are the four types of Homestead Exemptions:

1. Regular Homestead is available to all citizens of Alabama who own and occupy a single-family residence; including manufactured homes, as their primary residence and use this property for no other purposes. The amount of the exemption is $4,000 in assessed value for state taxes and $2,000 in assessed value for county taxes.

2. Homestead Exemption 2 is for persons over age 65 whose adjusted gross income is less than $12,000 on their last State Tax Return. This exemption is for all State taxes and County taxes up to $5,000 in assessed value. Those who are permanently blind are entitled to this exemption also.

3. Homestead 3 is an exemption from all property taxes for person over age 65, who have a net taxable income of $7,500 or less on their last Federal Income Tax Return. Also, persons who are permanently and totally disabled, regardless of income, are entitled to this exemption. To prove disability, you must furnish a statement from two different sources. (Physicians’ letters, Veterans Administration and Social Security are all acceptable.)

4. Homestead Exemption 4 is for persons over 65, regardless of income. This exemption is for the total assessed value of state tax and up to $2,000 of assessed value of county tax.

http://www.athensreview.com/local/local_story_023192445.html

Property tax deadline nears in Bradley – Local property owners have until Saturday to make their tax payments without a penalty.

New property tax deadline nears – The 2008 property taxes will be come delinquent on March 1, 2009. This change was necessary to better coordinate the property tax files and the administration of the city’s tax freeze and state tax relief program on a basis consistent …

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Raising Property Taxes is a Big Mistake of Cities Municipalities

June 21st, 2009 by admin



The state could raise taxes by as much as $1.75 billion to help deal with its gargantuan budget hole.

That includes potential temporary sales tax increases to the tune of $1.5 billion and delaying the permanent repeal of Arizona’s $250 million equalization rate. Real estate groups and chambers of commerce want that property tax repealed, but that could be put off for two or three years because of the budget deficit.

Tim Lawless, state president of the National Association of Industrial & Office Properties, wants the equalization rate repealed, but is open to delaying it considering the state’s financial crunch.

“We’re certainly open to this as a fallback,” Lawless said. Even if the repeal were delayed, it would raise the property tax bills of businesses and homeowners for a couple of years, he said.

“It still would be a short-term tax increase,” he said.

The state faces a $4.5 billion budget deficit for the current and next fiscal years, and lawmakers are looking at spending cuts as well as tax options to deal with the crisis.

The equalization rate was repealed temporarily in 2005 and is slated to be reinstated at the end of this year without further action. Its permanent erasure has the backing of the Arizona Chamber of Commerce & Industry and other business and real estate organizations. The tax is assessed on both residential and commercial properties.

Advocates of a permanent repeal say the return of the equalization rate would amount to a significant property tax increase on businesses and homeowners, and would hurt the already strained economy.

Coke — Greater Fool – The Troubled Future of Real Estate – If you are making a buck for something you do more than once a year you could be faced with taxes (RC treats it like a business). Espeacially big items like houses. They can even tax you on the part of the land over 1/2 Arc. or so (you have …. Escalating energy costs and increasing property taxes, combined with rising real estate values, are creating cash-poor, house-rich retirees. Although governments could put their resources into lowering energy and tax burdens for …

Rendell suggests raising Pennsylvania income tax – PennLive.com – Make no mistake- Rendell and others like him want everyone on welfare. It guarantees permanent power for them. If people can no longer be self sufficient, they have no choice but to depend on government for everything which not only feeds thier power hungry egos but it means they ….. ELIMINATE ALL PERSONAL PROPERTY TAX GO TO A 9 % SALES TAXE WITH LIMITTED EXCEPTIONS.1 car per tax paying adult, primary residence, and most food (EXCLUDE ICE CREAM, SODA, CHIPS, CANDY ETC) …

A Fisherman’s Observations on Laguna Beach’s Vote for a State … – 3) If the City wants to establish a reputation as a leader in marine conservation, it should not be so transparently motivated by money: it is not a given that property values would rise, it should extend the sewer, and it should …. It is a mistake to think that it exposes them for anything except the information that people are willing to document, publish, and publicize. If people don’t hear about it at all, well … if a tree falls in a forest and no one hears it, …

No Agreement

The tax increases would take the form of statewide referendums asking voters for temporary increases for two or three years. The state sales tax also could be expanded to food, which currently is not taxed at the state level.

In addition, the state might eliminate a host of tax exemptions for service providers and professional service firms and raise the state sales tax rate from 5.6 percent to 6.6 percent.

The sales tax increase could raise as much as $1 billion a year, and expanding the sales tax base to include food and other exempted sales could bring in $500 million.

A plan forwarded by the Children’s Action Alliance seeks to extend the state sales tax to services offered by hairdressers, nail salons, auto and home repair providers, pet groomers, trade schools and others. The alliance also wants the equalization rate to be reinstated, arguing that children’s health, education and welfare programs will be cut without increased revenue.

Those opposed to increasing sales and other taxes to solve the budget deficit say doing so during a recession will further strap consumers and business.

“Raising taxes in a down economy is a huge mistake,” said Sean Noble, CEO of Noble Associates, a Phoenix-based political consulting firm.

RedBankGreen » COUNCIL OK’S TAX APPEALS ‘UNDER DURESS’ – You all made a big mistake. Posted by: JM on May 12, 2009 at 3:04 pm | Permalink. The abstainers were ‘hired’ to make decisions and vote. Recusals are for legitimate cause such as conflicts of interest but abstentions are a cop-out. Posted by: Observer on May 12, 2009 at 3:46 pm | Permalink …. And three, they need to stop raising the property taxes for several years to make it a more affordable place to live which is the reason NJ keeps losing residents to other states. …

bubbleinfo.com » Blog Archive » Five Stages of Buyers’ Grief – Instead of raising taxes to lower the deficit, the Fed would monetize it by printing money to buy Treasurys. That would scare Chinese and other foreign investors we rely on to buy our bonds and finance our deficits. They might resort to panic selling. … I don’t think the state matters that much in the big scheme of things. Demoralizing, yes, but they’re going to raid local municipalities for property taxes. Just like they did in previous recessions. …

Money Matters: Bankrupt Mortgage Companies Bouncing Property Tax … – Elaine Meinel Supkis More and more homeowners are in trouble because bankrupt mortgage dealers and holders are going bankrupt and not paying property taxes or are using bad checks to pay this! … Ohhhhhh……far from making me feel good, this news is hair raising. Apple made the mistake of discounting their phones too quickly and ran into the honest ire of earlier purchasers! Their profit margin has been hammered by the need to refund a lot of money. …

“Government shouldn’t rely on taxpayers, who are also struggling, to fix the problem when government should be tightening its belt,” he said. “Families don’t have someone to bail them out, so they shouldn’t be expected to bail out government that has been on a spending binge.”

Cutting deals

There still is support in the Arizona Legislature to repeal the $250 million equalization rate, Lawless said. Those familiar with early budget haggling say there could be plenty of trade-offs as the state looks to balance its hemorrhaging books, including business interests agreeing to accept the sales tax increases in exchange for a permanent repeal of the equalization rate.

Oregon bills raising business, personal taxes win final approval … – So, the platitudes about only the rich paying taxes is a big LIE. I’m for a smarter government and a more equitable tax structure here in Oregon but I don’t think that day is coming any time soon because of the uninformed people and their weird views on … Secondly, if the state would severely limit the State Income tax – say a flat 5%, and offer a reduction in property taxes, you could implement a sales tax and get revenue off of your second-largest industry, tourism. …

Tommy Devine’s Cosmos Report: Instant Karma – After all that Springfield had been put through by the Albano’s and the Keoughs and the Phillips and the sleazes and incompetents of every stripe, they didn’t deserve a tax hike on top of it. I thought it was mean of the Control ….. Big mistake – almost as big a mistake as sending him a picture of me in the nude. It was a very PG rated nude picture, you could’ve run it in a family newspaper, but it was none the less obvious that I was naked. I did this insane thing as a …

London Ontario Real Estate Diagnosis: Ozzie Jurock: Why I Will … – Even if you could barely hear thunder and see lightning, it was almost impossible to make a big enough mistake. If you paid too much, it only meant that you had bought a little too soon. The clock and the calendar made you into a …. Mr. Jurock ignores the costs of carrying the asset – chiefly property taxes and maintenance and financing costs in the event they were incurred. Consider that the present value of $895000 on a $13105 investment 48 years ago is just a shade …

Myths and mistakes investors often make – Rather, the boost to household discretionary income from lower mortgage bills (as interest rates fall) and tax cuts or stimulus payments to households during recessions eventually offset the fear of unemployment for the bulk of people still employed. As a result they eventually … This is generally true over the long term and at various points in the economic cycle, but at cyclical extremes it is usually very wrong and constitutes another big mistake investors make. …

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