Havana facelift continues Feb 26, 2010
5 mills in real property tax to fund the new business district. The funding from the property tax has paved the way for cosmetic changes along the street, including landscaping upgrades to help create "more street appeal," he said. (Denver Post)
Mayors praise decision on hotel tax Feb 26, 2010
"We're already experiencing significant reductions in real property tax revenues and any cut in the money we now receive from the room tax would have a very serious impact on our finances and operations," the mayors said ... "We're already experiencing significant reductions in real property tax revenues and any cut in the money we now receive from the room tax would have a very serious impact on our finances and operations," the mayors said. (Honolulu Star-Bulletin)
SWAZILAND: Some women can now own property Feb 25, 2010
Social historian Anita Magongo told IRIN: "Traditional marriages are polygamous, which is one reason why a man is given administrative control. How do you divide administration of family property amongst any number of wives? ... A traditional homestead is a communal affair, without any real property." The question of land ownership was also problematic. "The land belongs to the King, and Swazis reside on a piece of land at the pleasure of their chief. There was no wage-earning or commerce, no... (AlertNet)
Hannemann talks up rail and jobs but says city workers face furloughs Feb 24, 2010
" In addition to the rail project, Hannemann announced plans to move in the next six months on 100 capital improvement projects valued at $220 million. But the boost to the economy will not do enough to prevent the city from taking steps already taken by the state, which include two furlough days a month for employees, starting in July. Furloughs also will lead to closing the Fasi Municipal Building and Kapolei Hale on public school furlough days, saving the city about 4.5 percent in payroll,... (Honolulu Star-Bulletin)
$350K Home Bulldozed to Avoid Foreclosure Feb 24, 2010
You are not supposed to intentionally cause significant harm to the real property thus decreasing its value. I suppose it could be argued that what the banks did caused significant harm to the value of the property thus negating the contract. (CBS News)
Public Meetings (1) Feb 23, 2010
Acceptance of two grant deeds and agreements to purchase real property for the Tully Road bridge replacement project. Mid-year budget report and related budget adjustments. (Lodi News Sentinel, CA)
IRC Section 1031 tax deferred exchange course offered Feb 23, 2010
Section 1031 of the Internal Revenue Code permits the taxpayer to defer the recognition of gain (and depreciation recapture) upon the disposition of an investment parcel of real property if the taxpayer remains ;invested; by acquiring another piece of real property ... This course will review these rules and procedures and will present the methods and situations where Section 1031 Like Kind Exchanges can be used to assist the licensees; client to better manage their tax liability upon the sale... (Princeton Bureau County Republican, IL)
Sunday Special: NY's plan to merge offices Feb 21, 2010
Perhaps the biggest hit would be for the owners of 16 Sheridan Ave., a 110,000-square-foot building that the Office of Real Property Services (ORPS) has called home for 25 years. About 300 people work for the agency, which oversees local tax assessment offices. (Albany Business Review, NY)
DNP sees pick up in high-end properties this year Feb 20, 2010
On the real property gains tax of 5%, Cheng says the tax will not have much impact on the group. We believe our buyers are looking more at a medium to long-term plan when buying our property, which will generate returns for them, he says. (The Star Online, Malaysia -- Business)
Honolulu real property tax payment due Monday Feb 20, 2010
Payments for the second installment of Honolulu's real property taxes for the 2009-2010 tax year are due by Monday, the Department of Budget and Fiscal Services announced Friday ... Those who have not received a bill can call 768-3980, visit or go to the Real Property Collection Section on the first floor of Honolulu Hale, room 115 ... Pay with cash or check only by visiting the Real Property Tax Collection Section or with your original tax bill at any Satellite City Hall location. (Honolulu Advertiser)
USAF to transfer McClellan site deed Feb 20, 2010
With the signing of this document and implementation of the remedy, we can transfer ownership to the community where it will continue to serve as a resource for the entire region to enjoy, Steve Mayer, McClellan environmental coordinator for the Air Force Real Property Agency, said in a news release. Remedies for protecting human health outlined in such documents can range from cleanup of a site to leaving it as is with certain restrictions, as is the case for the parcel at Dudley and Freedom... (Sacramento Business Journal, CA)
Prime Restaurants Royalty Income Fund Announces February 2010 Cash Distribution Feb 19, 2010
Invest in Oil and Gas Royalties, Own Real Property ly Income. Read this Thai Restaurant's reviews more local Restaurants. (CCNMatthews Press Releases)
Real property taxes may rise Feb 19, 2010
Leaders from the state's four counties yesterday warned that real property taxes likely would have to be increased if the state makes a grab for transient accommodations tax revenues and maybe even if it doesn't. Honolulu officials said the city would lose about $44. (Honolulu Advertiser)
Click to read: Don't Miss These Tax Deductions! Feb 19, 2010
But a new law passed in 2008 lets you increase your standard deduction by the amount of real property tax you could have claimed if you did itemize -- up to $500 ($1,000 on a joint return). CHILD CARE CREDIT. (CBS News -- Early Show)
Retailer not about to take it e-e-easy Feb 18, 2010
This happened and then the money is still there in real property that you can realise and then recover. Usually when a fraud is conducted the money is just wasted at the casino. (Sydney Morning Herald -- Business)
Honolulu council may change property tax break for nonprofits Feb 18, 2010
While homeowners and businesses have felt the sting of real property tax rate increases in recent years, hundreds of private schools, churches, social service agencies and other organizations have continued to benefit from the city's $100 minimum tax for nonprofits ... Honolulu real property tax records show that 843 church properties with a total assessed value of $1 ... At last week's Budget Committee meeting, Waldorf Schools sought an exemption from regular real property tax rates for an '... (Honolulu Advertiser)
Technicolor seeks PILOT amendment for possible expansion in Memphis Feb 17, 2010
Technicolor anticipates the additional new business would require investment of $15 million in real property improvements and new warehouse space as well as $20 million in tangible personal property. Technicolor s 2002 PILOT runs until 2018. (Memphis Business Journal, TN)
Tommie R. Burke: Tax deadlines approaching Feb 17, 2010
Real property owners also should be aware that failure to file a tax return with the tax commissioner's office for changes made to existing improvements or for property acquired within the past year will result in a 10 percent penalty added to the tax bill. Further, property owners who disagree with the tax assessor's appraisal of a property's market value have until March 1 to file a tax return that reflects the owner's opinion of the property value and the owner's reasons for his or her... (Athens Banner-Herald)
Stay Out of Bankruptcy Court Feb 17, 2010
Short Sales of Real Property. Short sales of property are another common method used to avoid bankruptcy. (Suite101.com)
Town plans reval to regain 100 percent equalization Feb 17, 2010
The last full reval was done in 2001 alongside a representative from the state Office of Real Property Services ... The town has already held a progress meeting Feb. 9 with ORPS, the Columbia County Real Property Tax Service, members of the Greenport Town Board and Ostrander. (Hudson Register Star, NY)
Stuck in an unfair federal system Feb 16, 2010
Water is NOT 'real property' (the only type protected under the constitution) ... Water is NOT 'real property' (the only type. (Sydney Morning Herald -- Opinion)
Mattawan business owners balk at special assessment request Feb 16, 2010
Search The Courier Leader. Tuesday, February 16, 2010. (Paw Paw Courier Leader, MI)
Town embarks on reval Feb 16, 2010
According to the state Office of Real Property Services, the equalization rate is a measure of a municipality s level of assessment : the ratio of total assessed value to a municipality s total market value ... For example, for a school district to distribute its property tax levy, the levy needs to be divided in proportion to the total market value of each parcel in each town in the district, according to the state Office of Real Property Services. (Hudson Register Star, NY)
Two-alarm fire damages Lincoln Street building Feb 15, 2010
Earle Thurston is listed as one of the building's owners, according to county real property records. Fire department officials said one of the biggest problems for impacted offices will be trying to preserve as many of the legal records and documents as possible. (Auburn Citizen, NY)
Attend Hearings and Listening Sessions n You Won’t Regret It! (14) Feb 15, 2010
Meanwhile E. J. Lump, president and CEO of the Wisconsin Restaurant Association, warned that local governments may be trying to rewrite the rules on property taxes to allow cities to tax the value of leases, licenses and permits held by small businesses, as if they were real property. Lump said the cities of Madison and Milwaukee are behind this proposed bill. (Agri-View, WI)
What can brownfields do for you? Feb 14, 2010
According to a Florida Department of Environmental Protection brochure, a brownfield is "any real property where the expansion, redevelopment or reuse is complicated by actual or perceived contamination.". The key word is "perceived," because a property doesn't actually have to be contaminated to be included in a "brownfield area," which typically encompasses a group of properties, some of which may not be contaminated. (Daytona Beach News Journal -- Local)
Maui County faces $13.9M budget deficit Feb 14, 2010
The county will also likely look at raising revenues by increasing real property tax rates or passing a fuel tax hike, she said. But Tavares said she did not want to lay off county workers. (Honolulu Advertiser)
Marsh plan nearly final, but no funds Feb 12, 2010
"We're in the business of making salt, and they're in the business of restoration, and we need to make sure we can continue to cooperate," said Pat Mapelli, the company's real property manager. Most of Cargill's salt ponds are on land Cargill sold or donated to the government in exchange for the right to produce salt there forever. (San Francisco Chronicle)
Selling Assets Before Bankruptcy Feb 11, 2010
Everyone wants to protect and save their personal and real property from loss during a bankruptcy ... Exemptions define the amount and type of personal and real property that petitioners may protect by excluding them from the bankruptcy. (Suite101.com)
Planning Chairman Resigns Feb 10, 2010
35 acres of real property on Ferndale Avenue owned by the town to trustee Vincent McDonald, for use as an access way in exchange for settlement of outstanding litigation, non-disturbance of the Greenway and a conservation easement within the proposed three-lot subdivision plans on file with the Planning and Zoning Commission. Mr. Savarese explained to Voices that the transfer of land means a driveway will not exit onto a highly congested area and moves the point of access to the subdivision. (Voices, CT)
Hawaii civil lawsuits jump as courts face cutbacks Feb 10, 2010
General civil cases not filed as small claims include tort or personal injury, property damage, contract and real property cases. But with mandatory arbitration clauses becoming a standard in most commercial contracts which essentially means settling and giving up one s right to trial in any legal dispute there is an even bigger push for alternative dispute resolution, meaning the bulk of civil lawsuits won t ever go to trial. (Pacific Business News, HI)
Fenty welcomes CoStar to town Feb 10, 2010
We ve got three or four tax bases: income, real property and sales. We need to be able to keep generating those, Fenty said. (Washington Business Journal, DC)
Palm Coast wants more sway in dealing with eyesore housing Feb 9, 2010
The ordinance would also declare any house in the process of foreclosure as "abandoned real property" even if it is still occupied. That would shift responsibility to the bank or other institution foreclosing on the house, said City Manager Jim Landon. (Daytona Beach News Journal -- Business)
5 Questions about Real Estate-Owned Properties Feb 7, 2010
Additionally, PB has had relatively little exposure to land investment or other types of speculative financing, where the primary source of repayment is real property (loan collateral) sale. Will this continue, or will problem loans turn into REO properties as the year progresses. (Phoenix Business Journal, AZ)
Families say they'll sue Kauai County over demolition Feb 7, 2010
"We never moved anything. That's the original," there from her father's time at least 40 to 50 years ago, said Lady Haumea, adding that the owners are current on their county real property taxes ... If a portion of his family's property is underwater as the county claims, he may seek retroactive rebates of real property taxes paid on property that if under ocean water is also uninhabitable, he said. (Honolulu Advertiser)
Downtown Development Authority almost on ballot Feb 6, 2010
The proposed ordinance sets the authoritys boundaries and specifies that its board would consist of one city council member, two business lessees, two real property owners and two other eligible people appointed by the lessees or owners. Non-profit and for-profit property owners are eligible. (Montrose Daily Press, CO)
Lawmakers target real estate taxes Feb 6, 2010
The state Legislature has turned to the real estate industry in its search for additional revenue, proposing to levy a special 1 percent general excise tax on businesses that sell real property. The proposed tax, which would take effect July 1 and sunset after five years, would be on the gross proceeds of a sale, minus a real estate salesperson s commission and conveyance tax, and would apply to both commercial and residential properties. (Pacific Business News, HI)
Public records for Feb. 5, 2010 Feb 6, 2010
SUITS: Citibank NA v. Jose G. Trejo, real property; Chase Bank USA NA v. Omar Rodriguez, in excess of $15,000; SunTrust Mortgage Inc. v. Brian Hayes, real property; SunTrust Mortgage Inc. v. Kevin D. Standberry, real property; U.S. Bank NA v. Sharon J. Smith, real property; State Farm Mutual Automobile Insurance Co. v. Sandra P. Perez, auto negligence; BAC Home Loans Servicing LP v. Danny L. Pyle, real property; OneWest Bank FSB v. Ricardo Feliciano, real property; PNC Bank NA v. John L. Cannon,... (Daytona Beach News Journal -- Local)
Developers may face Big Isle impact fees Feb 5, 2010
In other action, the Finance Committee approved a bill increasing the deposit for filing an appeal of real property taxes from $15 to $25. HonoluluAdvertiser. (Honolulu Advertiser)
BH takeover ripped, praised (2460) Feb 4, 2010
The City of Benton Harbor, further lost potential to enrich it's resident community nor enhance the safety and pleasure of the community from, the myriad funds applied for and appropriated and granted used to benefit St. Joseph and Harbor Shores real property interest and NOT the City residents interest. The City of Benton Harbor also incurred ridicule for these same funds utilized by entities other than the City they erroneously claimed to be benefiting. (The Herald-Palladium)
Our property tax process needs repair Feb 4, 2010
Significantly, it also would bar a county assessment for real property from exceeding the price paid for it in the first year after a sale, if no improvements are made. If it seems like legislators are going beyond improving transparency, thats because theyve tried before to tackle property taxes. (Atlanta Journal-Constitution -- Opinion)
Taxpayer group to meet Tues. Jan 30, 2010
The public is invited to attend this free presentation which will cover a variety of topics including how to read a property tax statement, how the State Equalized Value (SEV) is determined and how the property tax assessment process works, including an explanation of how real property taxes are calculated. Robert Huta, president of the Otsego Taxpayers for Accurate Assessments, will moderate and introduce presenters at both sessions. (Gaylord Herald Times, MI)
More of this story Jan 29, 2010
In a University of Oklahoma Board of Regents meeting on Wednesday, 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)
Bonds are back in favour Jan 28, 2010
"Something underpinned by real property is a safer way of getting income.". . (The Age, Australia)
Morton faces challenges with 2010 budget Jan 28, 2010
Ad valorem taxes that apply to the general fund are taxes on real property, personal property and car tags. Butler said the local economy also depends on people spending money in Morton, through purchasing products and investing in businesses and housing. (Forest Scott County Times, MS)
Proposal would privatize state liquor stores Jan 27, 2010
According to the Legislative Information Service, SB 443 "provides for the auction of 'package store' licenses to authorize the retail sale of alcoholic beverages for off-premises consumption. The bill also requires the ABC Board to sell or transfer all interest in real property utilized in the wholesale and retail sale of alcoholic beverages.". "The bill requires the ABC Board to set a fixed number of licenses for all localities, which shall be at a minimum one license for each locality of the... (Chatham Star Tribune, VA)
Governor unveils jobs and opportunities agenda Jan 27, 2010
In addition, the bill provides that when the sum of grants for job creation and real property investment exceeds the total annual appropriation for payments, allocations shall be prioritized to fully fund the grants for job creation with any remaining funds to be allocated to the real property investment grants. HB555. (Chatham Star Tribune, VA)
Text of governor's State of the State address Jan 26, 2010
Similar programs, which already exist in 15 states, assist residential and commercial property owners with the upfront costs of installing clean energy systems or energy efficiency upgrades by allowing them to borrow the money from the State and then repay the loans over a period of years via an annual assessment on their real property tax bill ... Similar programs, which already exist in 15 states, assist residential and commercial property owners with the upfront costs of installing clean... (Honolulu Star-Bulletin)
Malaysian property market to improve further this year Jan 26, 2010
"2010 will be a good year for all. "The property market for this year will improve as the number of transactions involving new housing and construction activities, increases," Abdullah Thalith told reporters at the Third Malaysian Property Summit 2010, here Tuesday. He pointed out that Malaysia is expected to steer towards a recovery path this year, driven primarily by domestic demand, with commodity prices for rubber, crude oil and palm oil also improving. These, he said would increase the... (The Star Online, Malaysia)
Institute plans more courses for realtors Jan 25, 2010
Wong also said the Governments recent amendment of the (5%) real property gains tax (RPGT), which would now only apply to properties sold within five years from their date of purchase, was a good call. The Government had previously wanted to impose the RPGT across the board, irrespective of the number of years of ownership, as announced in Budget 2010. (The Star Online, Malaysia -- Business)
Tax time warp snags online payment Jan 24, 2010
To explain why the late fee was assessed on Orcutt's bill, Cataldo pointed to Section 925 of New York Real Property Tax Law, which says payments shall be deemed to have been made on the date of the postmark on the envelope. Next, the law says, "If the postmark does not appear on such wrapper or the postmark is illegible, such payment shall be deemed to have been made on the date of delivery to such collecting officer.". (Albany Times Union)
Maui time-share taxes surge Jan 23, 2010
Those are unlikely to be resolved soon; the county has a backlog of appeals from two years ago, said Scott Teruya, Maui County s real property tax administrator. The method Maui County uses to calculate a time share s value has sent already high property taxes soaring. (Pacific Business News, HI)
TSX Venture Exchange Daily Bulletins for January 21, 2010 Jan 22, 2010
TSX-X -------------------------------------------------------------------------- ENSECO ENERGY SERVICES CORP. ("ENS") BULLETIN TYPE: Property-Asset or Share Purchase Agreement BULLETIN DATE: January 21, 2010 TSX Venture Tier 1 Company TSX Venture Exchange has accepted for filing documentation pursuant to a non-arm's length Asset Purchase Agreement dated October 28, 2009 between Enseco Energy Services Corp. (the 'Company') and Dewar Lake Ranch Inc. ('Dewar') wherein the Company agreed to acquire... (CCNMatthews Press Releases)
New rules will enable lawyers to work in other states Jan 22, 2010
But Burr said these exams are geared for new law-school graduates, checking them on a broad variety of subjects like wills, trusts, real property and corporations. "I'm very pleased with how it all worked out," he said. (AZCentral -- Business)
Supporters move forward in quest for ACC Jan 21, 2010
Necessary investments in the higher education plan for the County would be a tax on real property, now set at. 0954 per 100 of taxable value. (Elgin Courier, TX)
City residents learn their new assessments Jan 21, 2010
According to preliminary numbers from state and city real property officials, Auburn's 8,030 commercial and residential properties have a total taxable assessed income of 993 million. That is up from last year's 838 million. (Auburn Citizen, NY)
Higher taxes, less to spend Jan 21, 2010
Answer: Real property is generally appraised as of the date of death to establish a new basis for income tax purposes. The trust's terms will dictate whether date of death or date of distribution values are to be used. (Fresno Bee -- Opinion)
Funds hinge on charter vote today Jan 19, 2010
"The issue right now is $700 million that our real property taxpayers could use," Senate Republican Minority Leader Dean Skelos said, after the Senate broke for the night. 1. (Albany Times Union)
Council addresses fee increases, west-side election site Jan 19, 2010
To deliberate the purchase, exchange, lease or value of real property located: i. South of US 380, North of The Colony city limits and North of 121, East of FM 423, and West of Hillcrest Road C. Section 551 ... 072 Discussing purchase, exchange, lease or value of real property. (McKinney Courier-Gazette, TX)
Public records for Jan. 16, 2009 Jan 17, 2010
SUITS: Bank of New York Mellon v. Robert C. Hill II, real property; Bruce J. Shields v. Vincent Scolaro, auto negligence; BAC Home Loans Servicing LP v. Brian G. Thompson, real property; Provident Funding Associates LP v. Stephen G. Adkins, real property; Wachovia Bank NA v. Susan P. Callahan, real property; HSBC Bank USA NA v. Manuel G. Alatorrre, real property; Financial Freedom Acquisition LLC v. Barbara Jean Campbell, real property; U.S. Bank NA v. Julia M. Lozada, real property; Bank of... (Daytona Beach News Journal -- Local)
Real property taxes are due next month Jan 14, 2010
Published: Wednesday, January 13, 2010 3:10 AM HST LIHU E County officials would like to remind Kaua i property owners that the second installment of real property taxes for the 2009-2010 tax year is due by Feb. 20 ... Property owners who pay their real property taxes directly and have not yet received their property tax bills should immediately inquire at the Real Property Tax Collection office in the Kapule Building at the Lihu e Civic Center, 4444 Rice Street, Suite 463, or call 241-4272 ...... (Lihue Garden Island, HA)
Gov: Mergers would save millions Jan 14, 2010
The consolidation plan would involve economic development, homeland security, crime and domestic violence, real property services and employment relations. The proposal calls for placing the Department of Economic Development and the into a new Job Development Corp. (JDC). (Albany Business Review, NY)
City to hold meeting on assessments Jan 13, 2010
The meeting begins at 7 p.m. in Council Chambers at Memorial City Hall and will feature a presentation from the New York State Office of Real Property Services, according to City Assessor Susan Chandler. The Office of Real Property Services will give a presentation about what revalues do and don't do, Chandler said. (Auburn Citizen, NY)
County equalization director: Government budgets will lose revenue Jan 13, 2010
To comply with state directives, the Equalization Department conducts annual sales or appraisal studies for all classes of real property. These studies are used to equalize assessed values for each class of real property in the 10 local units of government within Otsego County. (Gaylord Herald Times, MI)
Amica Mature Lifestyles Announces Second Quarter Results For Fiscal 2010 Jan 13, 2010
Known risk factors include, among others, risks related to dependence on the ability of Amica's co-tenancy participants to meet their obligations; interest rate volatility in the marketplace; job actions including strikes and labour stoppages; possible liability under environmental laws and regulations, relating to removal or remediation of hazardous or toxic substances on properties owned or operated by Amica; risks associated with new developments, including cost overruns and start-up losses;... (CCNMatthews Press Releases)
