Douglas Jemal owes the District nearly $6 million Aug 20, 2010
6 million to the District for fiscal 2009 real property taxes. The Office of Tax and Revenue s list of delinquent taxpayers for 2009 includes 6,176 properties roughly 79 belong to Jemal s that will be sold during the Sept. 20-22 auction unless the bills are paid. (Washington Business Journal, DC)
Group sues city over building project Aug 18, 2010
The members of CPOM contend that they are aggrieved because their real property and personal interests, including their quality of life, health and safety, will be adversely affected by AHMC s plans for developing the property located at the corner of Fourth Avenue and Broadway, where it intersects with Crescent Avenue. According to CPOM, under state law, under both state law and city code, the city council has limited zoning authority and its approval of the PUD plan should be subjected to... (Menomonie Dunn County News, WI)
Howard County sees increase in property taxes Aug 18, 2010
The order, issued by the Iowa Department of Revenue last September, indicates a final percentage adjustment as proposed by the Iowa Director of Revenue to the 2009 valuations of real property in Howard County. And in the last couple of weeks, Howard County residents have received their property tax statements in the mail. (Cresco Times Plain Dealer, IO)
More of this story Aug 18, 2010
In a University of Oklahoma Board of Regents meeting on Jan. 27, the Board of Regents approved RSU to participate in the Higher Education Master Lease for Real Property Program, which would allow the program to issue bonds at a later date on RSU s behalf for up to 1. 5 million. (Bartlesville Examiner-Enterprise, OK)
Wash. U. profs examine Kagans writings Aug 17, 2010
In addition to Magarian, the WUSTL law contingent included Scott Baker, professor of law and professor of economics; Kathleen Brickey, the James Carr Professor of Criminal Jurisprudence; Marion Crain, the Wiley B. Rutledge Professor of Law and director of the Center for Interdisciplinary Study of Work and Social Capital; John Drobak, the George Alexander Madill Professor of Real Property & Equity Jurisprudence and professor of economics; D. Bruce LaPierre, professor of law and director,... (St. Louis Business Journal, MO)
The Federalist No. 36: Concerning the General Power of Taxation Aug 17, 2010
The objection, when applied to real property or to houses and lands, appears to have, at first sight, more foundation, but even in this view it will not bear a close examination. Land taxes are co monly laid in one of two modes, either by actual valuations, permanent or periodical, or by occasional assessments, at the discretion, or according to the best judgment, of certain officers whose duty it is to make them. (Human Events Online)
City demolishes potentially dangerous west side building Aug 14, 2010
According to Oswego County Real Property data, local business owner Ji Bin Tian purchased the 133 W. Fifth St. building for $32,000 in November 2008 from Marguertie Brogden-Tesoriero. Brogden-Tesoriero is also listed as the current property owner of the vacant lot between the demolished building and the neighboring house to the south. (Oswego Palladium-Times, NY)
HCSD tax bill situation still unresolved Aug 12, 2010
To have held up the bills would have been basically chaotic, Meyers said to the board, adding that the county, city of Hudson and Office of Real Property Services would have to become involved in order to do so. School board member Peter Meyer asked Meyers if he had ever seen a similar situation where the assessment body seems to say, we made a mistake. (Hudson Register Star, NY)
Wichita budget includes staffing cuts Aug 11, 2010
A mill is equal to $1 in taxes that one must pay per $1,000 of assessed value on real property. Cuts were needed partly because of an anticipated decline in revenues the plan was built on the assumption that the city s assessed valuation, or property tax base, would decrease by 1 percent and partly because of increases in health care, pension and other costs. (Wichita Business Journal, KS)
City looks to enforce permit rule for signs Aug 11, 2010
The tax relief will be a one time break for damaged or destroyed real property and for damaged or destroyed personal property. The flood victims who have followed the state guidelines will be eligible for a property reassessment. (Camden Chronicle, TN)
Treasurer candidate didn't pay '08, '09 tax Aug 9, 2010
The campaign omitted it because its sole owners - Ducey and his wife - are listed as the owners of the Paradise Valley home under the "real property ownership" section of the form, she said. Ducey is seeking to become the state's banker, overseeing Arizona's revenues and expenses and managing the state's $9. (AZCentral -- News)
Candidates address Coxsackie residents Aug 8, 2010
Clearly more has to be done for real property tax relief, he said. To reach reporter Susan Campriello, call (518) 943-2100, ext. (Catskill Daily Mail, NY)
Aug. 8 letters Aug 8, 2010
What we have learned so far is that the methodology is set by the New Jersey Real Property Assessor Manual formulated at the state level. We have also learned that the formula has two components, the largest of which is the value of land. (NJ.com -- Times)
City seeks land for future library expansion Aug 7, 2010
The purchase price is $115,000, according to an agreement for purchase of sale of real property. The property, formerly known as Pamlico Auto Center, is located at 131 Bridge St.. (Washington Daily News, NC)
Williams: An Argument for the Flat Tax Aug 6, 2010
L from CO Wrote: Aug 04, 2010 5:56 PM 16th Amendment"In 1895, in the Supreme Court case of Pollock v Farmer's Loan and Trust (157 U.S. 429), the Court disallowed a federal tax on income from real property. The tax was designed to be an indirect tax, which would mean that states need not contribute portions of a whole relative to its census figures. The Court, however, ruled that the tax was a direct tax and subject to apportionment. This was the last in a series of conflicting court decisions... (Townhall.com)
BNKJ forms tax consulting firm Aug 6, 2010
Knowing how to take advantage of incentives such as job and retraining credits, real property and other indirect taxes can save our clients huge amounts of money every year. Frank is going to help them do that. (Atlanta Business Chronicle, GA)
Auditors call out town for improper practices Aug 5, 2010
While fund balance has been increasing the town steadily raised real property taxes from $50,000 in 2004 to $100,323 in 2009 for the highway fund, the audit states. These property tax increases could have been reduced if town officials had appropriated more of the highway fund balance in any of the previous fiscal years. (Hudson Register Star, NY)
Cinch Energy Corp. Releases Q2 2010 Results and Updates the 2010 Outlook Aug 5, 2010
As collateral for the facility, the Company has provided a general security agreement with the lender constituting a first ranking security interest in all Company property and a first ranking floating charge on all real property of the Company ... As collateral for the bank credit facility, the Company has provided a general security agreement with the lender constituting a first ranking security interest in all Company property and a first ranking floating charge on all real property of the... (CCNMatthews Press Releases)
Property revaluations are necessary to balance tax bases Aug 4, 2010
Periodic revaluations of real property are necessary to minimize the inequities that develop in the tax base over time because personal property is valued at market value every year. In other words, over periods of many years, property values will fluctuate dramatically, but taxes remain static -- a situation that can cause certain taxpayers to unfairly pay much more in taxes than their neighbors. (NJ.com -- Times)
Robbins graduates with honors from law school Jul 31, 2010
She has accepted an offer of employment in the firm s Houston office in the Energy and Real Property practice group. Copyright. (Bogalusa Daily News, LA)
Tax amnesty program starts Aug. 2 in D.C. Jul 30, 2010
Between Aug. 2 and Sept. 30, D.C. taxpayers will have the opportunity to remit all back taxes owed, except the real property and ballpark taxes, without penalty or fee -- the interest remains. All tax periods prior to Dec. 31, 2009 are eligible. (Washington Business Journal, DC)
Jackson: It's time for city to pinch its pennies Jul 30, 2010
approved Ordinance 10-112, which amends the city's Code of Ordinances dealing with nuisances on private real property; specifically the ordinance targets unsightly and unsanitary conditions, including the removal of brush, weeds and the trimming of trees that overhang streets or sidewalks. approved Ordinance 10-113, which amends Chapter 17 of the city's Code of Ordinances regarding garage sales; following a lengthy discussion, the Council elected to remove language that would have required... (Fort Stockton Pioneer, TX)
Elbit Imaging Announces Results of "Dutch Auction" to the Public for its Debenture Offering in Israel Jul 30, 2010
Elbit Imaging Ltd. operates in the following principal fields of business: (i) Commercial and Entertainment Centers - Initiation, construction, and sale of commercial and entertainment centers and other mixed-use real property projects, predominantly in the retail sector, located in Central and Eastern Europe and in India. In certain circumstances and depending on market conditions, Elbit may operate and manage a commercial and entertainment center prior to its sale; (ii) Hotels - Hotels... (Yahoo! Wire -- Entertainment News)
Letter: CTA challenges Prop. 13 opinion Jul 29, 2010
The task force that was assembled to make recommendations to implement Proposition 13 originally recommended that no change in ownership of real property should occur if a corporation that owned the property changed hands, as the title still would be in the original corporation's name. The "change in ownership" definition was put in place by the Legislature to make sure that real property owned by a corporation would be reassessed when the corporation changed hands. (Appeal Democrat, CA)
Coalition files suit over assessments Jul 29, 2010
n Provide notice to the state or county offices of real property services ... The petition filed by Attorney Robert L. Beebe for the coalition states that changes to the assessments of 90 percent of the parcels of real property in the city of Hudson could not have been lawfully made except in connection with a revaluation of the real property in the city of Hudson ... According to New York Real Property Tax Law, revaluation, reassessment, or update means a systematic review of the assessments of... (Hudson Register Star, NY)
Do your sums on subdivision Jul 26, 2010
The ATO provides specific advice on matters such as an investment by an SMSF in a company or unit trust, the acquisition of assets from related parties, borrowings, in-house assets, business real property, in-specie payments or the payment of benefits under a condition of release. However, specific advice will not be provided to cover the complying status of an SMSF, trustee covenants or the residency status of a fund. (Sydney Morning Herald -- Business)
Colony Plaza demolition leaves owners with hefty debt to Ocoee Jul 22, 2010
The condominium is still there from a real property standpoint, said Rosenthal. They are boxes in the air. (Winter Garden West Orange Times, FL)
Christie Signs Property Tax Cap Jul 22, 2010
This is the beginning of real property tax relief for New Jerseyans, he said. If;your local governing body wants to raise [property taxes] above 2%, they've got to come and get permission from the people who pay the bills. (Human Events Online)
Three ballot issue proposals certified Jul 22, 2010
Subject: Prohibit any new tax on the sale or transfer of real property ... There is no existing state or local tax on transactions that sell or transfer real property in Montana ... CI-105 amends the Montana Constitution to prohibit state or local governments from imposing any new tax on transactions that sell or transfer real property, such as residential homes, apartments, condominiums, townhouses, farms, ranches, land, and commercial property, after January 1, 2010. (Laurel Outlook, MT)
Return of estate tax requires new strategy Jul 22, 2010
Note that the Hawaii estate tax also applies to any Mainland resident or foreign citizen who owns Hawaii real property or tangible or intangible property that s located in Hawaii, subject to available credits or offsets for taxes paid to the resident s home state or home country on the same assets and adjustments to the $3. 5 million exclusion. (Pacific Business News, HI)
Methods of Giving Jul 21, 2010
Securities rty Securities, real property and tangible personal property are all special gifts. Marketable Securities Gifts of appreciated shares of marketable securities are a valuable contribution. (Uhcougars.com)
Seward going for term No. 12 Jul 20, 2010
Seward s] drive to put the lid on state spending, provide real property tax relief to homeowners, and rev up our upstate economy is exactly what is needed in Albany, Bogardus said in a statement. He will] help put the state senate back in Republican hands so we ll have a system of checks and balances in Albany. (Catskill Daily Mail, NY)
Social, service clubs try to reinvent themselves Jul 20, 2010
It's a very small pond, and I'm the big frog," she said. The Palo Alto Elks Lodge 1471 has faced a similar crisis. Facing declining membership and shrinking finances about seven years ago, it embarked on a major change, according to member Rod Norville. The lodge sold part of its El Camino Real property and is constructing a brand new home, in part to entice new members. The group is actively seeking families and people in their 20s. Like many organizations, however, it must overcome perceptions... (Palo Alto Online, CA)
Real property tax changeis what's needed Jul 18, 2010
Real property tax change is what's needed - NJ.com ... Real property tax change is what's needed. (NJ.com -- Times)
Your views: Letters to the editor (July 17) Jul 17, 2010
Friends organizations funnel thousands of dollars of support to the libraries for books, special programs, equipment and supplies, as well as 00004000 construction of new real property projects. You dont notice a fundraising group called Friends of Wal-Mart, do you. (Florida Today)
Representation Without Taxation Jul 17, 2010
Ike Wrote: 17 hours ago (10:41 AM) Thomas: The voting laws in all states had a property requirement for voting, usually expressed in the form of owning so much money's worth of real property or cash on hand or in the bank. The various Jim Crow laws after the Civil War, Reconstruction and the 13th and 14th Amendments used property qualifications to prevent blacks from voting. (Townhall.com)
D.C. offers tax amnesty Jul 16, 2010
The D.C. Council legislation that authorized the program excluded real property taxes and ballpark fees, but it is unclear whether those are the only taxes omitted. The CFO s office released few details including exact dates out of concern that people will simply stop paying their taxes ahead of the program s launch. (Washington Business Journal, DC)
Council nixes incentives for 3 companies Jul 14, 2010
The company that year received a 10-year, 75 percent abatement on real property and personal property investments valued at $3. 5 million. (Columbus Business First, OH)
BOE moves ahead with Nine Mile 1 litigation Jul 14, 2010
The law firm s website states Sheppard handles a variety of complex litigated matters, including real property tax certiorari proceedings. Superintendent Bill Crist said the BOE voted to retain Sheppard on an hourly fee basis, in accordance with the firm s standard retainer agreement. (Oswego Palladium-Times, NY)
NY sets up $50M fund for small biz Jul 8, 2010
Program loans can be used for working capital, acquisition and/or improvement of real property, the acquisition of machinery and equipment, or the refinancing of debt. A small business is defined as a resident of New York State, independently owned and operated, not dominant in its field, and one with 100 or fewer employees. (Buffalo Business First, NY)
Lightyear to purchase SouthEast Telephone assets Jul 7, 2010
The agreement, which must meet bankruptcy court and other regulatory approvals, calls for SE Acquisitions LLC, a subsidiary created for the acquisition, to purchase SouthEast Telephone s real property, intellectual property, tangible assets and selected vendor contracts, according to a news release issued by Lightyear. This will allow us to bring the majority of our offerings to customers in that area, Lightyear CEO J. Sherman Henderson III said in a news release. (Louisville Business First, KY)
Are FEMA trailers being used to house cleanup workers? Jul 3, 2010
The U.S. General Services Administration released a statement Friday evening stating the agency's Office of Real Property will send an email to travel trailer buyers. It reminds them that they must notify anyone who buys the trailer in the future that it was once a FEMA trailer and that it is against the law to use it as housing. (KSLA.com, LA)
Selectmen Discuss Board Powers, Duties Jul 3, 2010
A May 18, 2009 agenda for the annual town and budget meeting contained the following item to be voted on: Authorization for the Board of Selectmen to accept a conveyance of certain real property located at the intersection of Minortown Road and Middle Road Turnpike, to waive certain real property taxes and pay Joseph Pezzo $15,000. The suggested authorization was due to the settlement of the Town of Woodbury vs. Joseph Pezzo lawsuit. (Voices, CT)
Kentucky property tax rate holds at 12.2 cents Jul 3, 2010
The Kentucky Department of Revenue has set the 2010 state real property tax rate at 12 ... The tax rate is based on the revenue generated from the increase in taxable real property assessments from 2009 to 2010. (Cincinnati Business Courier, OH)
Bill to change fund oversight is deferred Jul 2, 2010
5 percent share of real property tax revenues ... 5 percent share of real property tax revenues. (Honolulu Star-Bulletin)
Memo, self-managed super members: taxman cometh Jul 2, 2010
When 'business real property' (ie: a farm) is transferred into a SMSF can the title remain as it was, ie: in the individual's name. Or does it need to be transferred into the name of the SMSF. (Sydney Morning Herald -- Business)
OCSD considering litigation in nuke deal Jul 2, 2010
In the final assessment roll, published by Oswego County Real Property Thursday, the Town of Scriba Board of Assessment Review (BAR) upheld the Scriba assessors value of the Constellation Energy-owned Nine Mile 1 at $280 million, and moved it to roll section 6 significantly changing the taxable value of the town and lowering the amount of taxes paid to OCSD. ... As for as the increased value to the town of Scriba, Oswego County Real Property Director Debra Mullenax said Thursday, We ve already... (Oswego Palladium-Times, NY)
Proposal criticized as a 'power grab' Jul 1, 2010
" Messages left with Hannemann administration officials seeking comment were not immediately returned. Honolulu voters in 2006 approved the establishment of the fund, which receives a half-percent of real property tax revenues for land conservation purposes. Ziegler was circulating an e-mail urging opponents to contact the mayor and Council members and to testify against the resolution. Council Chairman Todd Apo introduced the resolution at the request of the administration, which is standard... (Honolulu Star-Bulletin)
Opinion could expand candidate disclosure requirements Jul 1, 2010
Questions of whether two north metro Atlanta political candidates listed all their real property in disclosure forms has spurred the State Ethics Commission to dig for an interpretation of the law. State Rep. (Atlanta Journal-Constitution -- Metro)
Pagan sect fights town for religious property status (26) Jun 27, 2010
The Town s position is that the property does not conform with exemption standards under state real property tax law ... To Platine s chagrin, however, Nancy McCoy, the town s tax assessor, said the property does not conform to the requirements of the real property tax exemption, and that the property is closer to an inn or lodge for boarders. (Catskill Daily Mail, NY)
Scriba sets Nine Mile 1 assessment at $280M Jun 26, 2010
This then served as a basis for the Real Property Tax Law, Section 485, Coe said ... In looking at this situation globally, taking into account the unique nature of having entities with such large values within a single town and county, and also factoring that real property tax law section 485 was created specifically to address this unique situation, we believe it is our duty to assist the town of Scriba in facilitating the 485 tax agreement with the owners of Nine Mile Point Nuclear Plant,... (Oswego Palladium-Times, NY)
S.D. Water Authority votes for desalination Jun 25, 2010
However, the boards motion also directed staff to explore opportunities to acquire certain real property interests and other assets. Details were not spelled out, but officials suggested that any asset acquisition would be years down the road. (San Diego Union-Tribune)
Owner reassessing uses for former Irving School Jun 24, 2010
According to state Real Property Tax law, condominiums and apartments are the same. Each condominium unit together with is common interest [will] be assessed as one parcel and provides that the sum of the assessments of the units cannot exceed the valuation which the condominium as a whole would have if it were assessed as a parcel, the law states. (Catskill Daily Mail, NY)
Court Stops Sands of Time to Allow Suit Over 1960s Beach Land Taking Jun 24, 2010
"Although physical invasion and physical taking of real property by a governmental entity ought to be notice sufficient to awaken property owners to act to protect their interest in receiving compensation for the taking, government also should provide some other form of notice to affected property owners before, and surely after, a physical taking," she continued. "It should go without saying that turning such square corners is minimally what citizens should expect from their government when... (Law.com)
Colberg vetoes ethics regs Jun 24, 2010
Mat-Su Borough and Assembly is a Joke wrote on Jun 23, 2010 2:02 AM:" What a dysfunctional group of people. First the planning commission and real property asset management board, the appointed experts, are practically ridculed by the Assembly. The same Assembly, that decides it doesn't want to listen to residents before making their all powerful/expert decisions on ordinances. So much for working for the people. The staff doesn't have a clue and is not at all following the Borough's Vision and... (Wasilla Frontiersman, AK)
Renton Industrial Building sells for $12M Jun 23, 2010
(IIT), of Denver, bought the 127,000-square-foot facility from Hunter Douglas Real Property Inc. DHL Global Forwarding has signed a 10-year lease to occupy the building. The acquisition of this Seattle area property gives us a foothold in a supply-constrained industrial market. (Puget Sound Business Journal, WA)
Kauai County unveils furlough schedule Jun 23, 2010
During the scheduled furloughs, the following departments, divisions and agencies will be closed: Agency on Elderly Affairs; Civil Defense Agency; Department of Finance all divisions including driver s license, motor vehicle and real property; Department of Liquor Control s administrative office; Department of Parks and Recreation s administrative offices; Department of Personnel Services; and the Department of Public Works. Other county offices that will close on furlough days include: Housing... (Pacific Business News, HI)
National Women's History Museum Clo... Jun 22, 2010
The two bills, if passed into law, would at long last authorize the Administrator of General Services to convey a parcel of real property in the District of Columbia to provide for the establishment of a National Women s Museum. Chairwoman Barbara Boxer stated in introducing the bill on the committee agenda. (Suite101.com)
Business digest: Air Race Classic pilots to meet area children Jun 22, 2010
In addition to eminent domain matters, Kelly handles other real property disputes, business tort claims, and a variety of contract-based disputes. Attorney helps dispel bankruptcy myths. (The News-Press -- Business)
Phoenix rapidly becominga hot spot for data centers Jun 20, 2010
"That's one thing the cities aren't quite sold on yet because there isn't a lot of payroll generated, but there's a lot of personal and real property, so they generate a lot of property taxes and they pay a lot of tax on power. They still generate pretty good revenue.". The centers don't make many headlines when they open, but they are valuable to the overall economy because the companies that send their data here sometimes decide to move other operations later, Beall said. (AZCentral -- Business)
New law allows conservation agencies to bypass towns Jun 20, 2010
Flood sits on the county s FPB, as well as local farmers and representatives from Columbia County Cornell Cooperative Extension, Columbia County s Real Property and Soil and Water departments, and the local farm credit bureau. If taxpayer money is involved, I think it is of utmost importance that the local elected representatives, whether it s town or county, be involved in the process from the beginning, Flood said. (Hudson Register Star, NY)
Schools plan tax increase Jun 17, 2010
According to an advertisement that the district is required by law to publish in a local newspaper, the increase means that some property owners will pay more in taxes on homes, car tags, utilities, business fixtures and equipment and rental real property. See our print edition for more details on this story. (Forest Scott County Times, MS)
D.C. property tax chief up for Phila. job Jun 16, 2010
Richie McKeithen, director of the Real Property Tax Administration in the Office of Tax and Revenue, was recently nominated by Philadelphia Mayor Michael Nutter to be that city s first chief assessment officer ... But Philadelphia voters opted last month to abolish that agency and split its responsibilities, creating an assessment office under Nutter and an independent appeals board, like D.C. s Board of Real Property Assessments and Appeals ... Mr. McKeithen has provided exceptional service to... (Washington Business Journal, DC)
Army steps up data center consolidation after imposing server moratorium Jun 15, 2010
However, during that same period, the federal government experienced a substantial increase in the number of data centers, leading to increased energy consumption, real property expenditures, and operations and maintenance costs, Obama said in the memo. Share this Page. (FCW.com)
Obama orders agencies to reduce space needs Jun 11, 2010
Past attempts at reducing the Federal Government s civilian real property assets produced small savings and had a minor impact on the condition and performance of mission-critical properties, the president wrote. These efforts were not sufficiently comprehensive in disposing of excess real estate and did not emphasize making more efficient use of existing assets. (Washington Business Journal, DC)
