Insurer Blames N.J. Lawyer for Blot on Title Jun 16, 2009
The Bergen County suit charged Albert Birchwale, of in Ridgefield, N.J., failed to investigate a previous sale in the chain of ownership to make sure there was no potential federal estate tax lien ... The title insurer called in by Danton, Commonwealth Land Title Insurance Company, questioned whether federal estate taxes might be owing, but after the executor of the estate certified none were due, Commonwealth issued a policy that did not contain any exception for federal estate taxes that might... (Law.com)
MARSHFIELD LETTER: Letters on housing are inaccurate Jun 16, 2009
Additionally, the town offers 12 different real estate tax exemptions, of which four apply to the elderly, seven to veterans and four to other defined classes of residents. King has stated that town government has intentionally lied to the residents by stating that if the town reaches 10 percent affordability, the town will no longer have to entertain Chapter 40B proposals. (Marshfield Mariner, MA)
Square footage varies depending on formula used Jun 16, 2009
A: If your assessment is based on the higher figure, then you are paying more real estate tax than you should ... On the other hand, the lender may also take the position that they will be stuck with your house, and have to pay real estate tax and insurance, and may reject your proposal. (San Francisco Chronicle -- Business)
Beachwood board explains; parents complain (2) Jun 16, 2009
Following drops in the economy, depleted cash reserves at the low end of a levy cycle, and severe losses and delinquencies in personal property tax and real estate tax collections, the board finds itself facing potential deficits of over 1 million a year through 2007 if it doesn't engage in "belt-tightening." This follows some short-term reductions made in January to shore up finances for the current fiscal year ... Mills reported 1 million in delinquent real estate taxes and 510,680 in... (Cleveland Jewish News, OH)
Column: Estate tax changes on the way Jun 5, 2009
Federal estate taxes are scheduled to be eliminated in the year 2010 based upon a tax law put in place in 2001, dubbed the Paris Hilton Benefit Act ... The resolution indicates that the estate tax will not be eliminated, but instead remain in its current form ... Today, individuals do not pay any estate tax if their assets amount to less than $3. (Saugus Advertiser, MA)
Some may see reduced tax in Pine-Richland Jun 3, 2009
The Pine-Richland school board set the real estate tax rate at 20 ... The school board also adopted the 2009 Homestead and Farmstead Exclusion Resolution to authorize a reduction in real estate tax assessments for approved homesteads and farmsteads for the school year beginning July 1. (Pittsburgh Post-Gazette, PA)
Read the 'JER' transcript Jun 2, 2009
And there was a time when, in New York State, people would say, you were insane to allow yourself to die in New York State, because the estate taxes were so high ... People had gotten out of the state where there was no estate tax. (Fox News)
Budget woes debated by Peters council Jun 2, 2009
Council members discussed likely real estate tax increases in the coming years and came up with about $900,000 in savings and deferred projects that should offset the lost revenue for now. The township had experienced steady growth during the past two decades, but the recent economic downturn slashed revenue projections by about 70 percent this year. (Pittsburgh Post-Gazette, PA)
HINGHAM YESTERDAYS: Milk wagon overturns in Fountain square Jun 1, 2009
The Hingham Board of Assessors announced today the establishment of the 1959 Real Estate Tax rate. The newly announced rate is $66. (Hingham Journal, MA)
RTM makes no change in tax collection May 29, 2009
Real Estate taxes will thus remain payable in four installments on July 1, October 1, January 1, and April 1, as long as the total annual amount is over $100 ... The assessor's office sends approximately 23,000 real estate tax bills, 48,000 motor vehicle tax bills 2,300 personal property tax bills, and 16,000 sewer tax bills every year. (Fairfield Minuteman, CT)
Real Estate Tax Tactics Trim College Costs May 29, 2009
eIBD Investor's Business Daily Digital Edition. Access recent eIBD issues easily. (Investors Business Daily)
County status change could cut library funding May 29, 2009
Some of the issues raised today involved library funding, per capita taxes, real estate tax assessment and administrative changes. A change in status would cut state funding for libraries. (Carlisle Sentinel, PA)
Land loversto the max May 28, 2009
But when Cary and Layne father, Doyle Lightsey, died at an early age in 1973, the family was saddled with a huge estate tax. Although they had always been a cattle family, the Lightseys realized it was time to diversify. (Lake Wales News, FL)
Council approves 70.5-cent real estate tax rate Fredericksburg City Council votes on tax rate, budget May 27, 2009
5-cent real estate tax rate ... 5-cent real estate tax rate ... 5-cent real estate tax next year. (Fredericksburg.com, VA)
New taxation bucks trend May 27, 2009
Market watchers say that the new estate tax, if levied on urban homeowners, will effectively sputter China's housing market, which has shown some glimmers of "green shoot" in big cities like Beijing and Shanghai, after a year-long sales lull ... New estate tax will make those people, who call themselves "house slaves" (paying mortgages back to banks for as long as 30 years), financially jittery, if not jumping from the windows. (People's Daily Online, China)
Conservatively Speaking May 25, 2009
So I would keep the estate tax, number one. PB: You restore the estate tax to 55 percent ... The estate tax as a whole raises about $32 billion a year, but the thing is the loopholes. (The American Conservative)
Reasons to back tax reform May 24, 2009
By setting up a grantor-retained annuity trust (GRAT) you can avoid paying an estate tax all together ... org/featured/corporations-should-pay-higher-taxes-it-just-aint-so/ " Page wrote on May 23, 2009 11:11 AM:" The estate tax appears to be motivated by envy and resentment ... Much of what gets taxed under the estate tax has already been taxed at the time it was earned. (Logan Herald Journal, UT)
Catoosa County Farm Bureau President visits Washington, D.C. May 22, 2009
Scott and the GFB members discussed numerous issues affecting Georgia agriculture including immigration reform, protection of the current farm bill, climate change legislation, federal estate tax reform and protecting the use of antibiotics in livestock. Senators Saxby Chambliss, ranking member of the Senate Agriculture Committee, and Johnny Isakson addressed the GFB members during a breakfast hosted by Georgia Farm Bureau. (Catoosa County News, GA)
Senate Rejects Flag Desecration Amendment May 22, 2009
GOP congressional leaders have offered up several measures in recent weeks that are important to their conservative political base -- including an amendment banning same-sex marriage and further cuts in the estate tax -- culminating with yesterday's vote on flag burning. Polls show that most Americans want flag desecration outlawed, and the amendment's proponents said they were trying to stop justices from thwarting the public's will. (Yahoo News -- Civil Liberties)
May 21 Around Town May 21, 2009
Fourth Quarter 2009 Real Estate tax bills have been mailed and are due May 1. If you have not received your bill please call the Tax Collector s Office and we will assist you. (Littleton Independent, MA)
Why the U.S. Should Listen to India's Voters May 21, 2009
He of course opened India to free markets, reduced the top tax rate from 90% to 37%, eliminated the Estate Tax and in general allowed India to start growth. Both the Congress Party as well as the BJP are after all comprised of Political Cabals and want to maintain CONTROL. But the fact that the Leftist Communists lists have been turned away is a move in the right direction. (Townhall.com)
City Tax Bill Mistake May 21, 2009
Richmond, VA - Real estate tax bills were mailed on Friday, May 15, 2009, to all property owners and mortgage holders ... Property Owners who have escrow agents paying their real estate taxes should know that those escrow agents have been billed by 00000154 the City ... Should you have a question regarding your real estate tax bill, please contact the City at 3-1- 00001DAC 1 or finance@richmondgov. (WTVR.com, VA)
DeKalb saw 4 percent drop in property values; 3 cities had increase May 19, 2009
The real estate tax base for county-wide services fell 3. 6 percent while the base for services in unincorporated DeKalb dropped 4. (Atlanta Journal-Constitution -- Metro)
Hingham Town Meeting supports CPC-supported projects May 16, 2009
5 percent real estate tax surcharge and some level of state matching, which is determined from year to year. Until last year, the match was 100 percent. (Hingham Journal, MA)
Dealership Closings Have Ripple Effect May 16, 2009
1 million in sales and real estate tax revenue when a Ford/GM dealer closed in November - nearly 8 percent of the mayor's entire yearly budget. "Our economy is suffering not only from the tax hit but from the direct employment of 45 careers and families that are now going have to move away," said Bonham Mayor Roy Floyd. (CBS News)
Calif. voters ready to join tax revolt May 15, 2009
Proposing to delay the phaseout of taxes, such as the estate tax. Each state finds taxpayer groups facing off against public service unions who do not want the deficits closed through spending cuts. (USA Today -- News)
Carlisle Area school board approves tentative budget May 15, 2009
If included in the final budget, the increase will raise the real estate tax rate to 14. 48 mils, or $1,480 for a home with an assessed value of $100,000. (Carlisle Sentinel, PA)
Heath care activism is fiscal death May 15, 2009
Some of the ideas they have produced have been significant (Medicare reforms), some have been purely political (asking Cabinet secretaries to cut $100 million in waste, fraud and abuse), and many have been gutted on Capitol Hill (cap and trade, proposed changes in charitable deductions, proposed changes to the estate tax). In any case, these stabs at fiscal discipline haven't come close to keeping up with the explosion in spending. (Albany Times Union)
FOXBusiness: Life Insurers Get OK for TARP Funds May 15, 2009
Life Insurers Start to Get Approval for TARP Funds - FOXBusiness. Existing users please login. (Fox News)
Citizens speak during budget hearing; school board chair asks for money to be reinstated May 14, 2009
3 million budget that would coincide with a real estate tax increase of up to 10 cents per 100 of assessed value. The supervisors are hoping to reduce the 10-cent proposed rate when they meet again this Monday, May 18. (Appomattox Times Virginian, VA)
Are Americans Ready to Kill the Death Tax? May 14, 2009
A prime example is the estate tax, or death tax, as it is grimly and properly known to those who have felt its bitter sting ... Mr. Patten is the President of the American Family Business Institute, a nationwide organization of family business owners devoted to the permanent repeal of the estate tax. (Human Events Online)
Ag secretary discusses rural America May 13, 2009
Scott Matthews of Sikeston told Vilsack that the estate tax is detrimental to farmers, who are faced with a big tax payment when a farm is passed down after an older member of the family dies. He suggested an estate tax exemption for agricultural land. (Waterloo Courier, IO)
* US budget deficit may quadruple on recession spending May 13, 2009
Meanwhile, the White House proposed on Monday to raise nearly US$60 billion by closing tax loopholes including those related to the estate tax ... Funds raised from the estate tax and other changes would beef up a reserve fund of US$634 billion that Obama wants to use to revamp health care and expand insurance to tens of millions of Americans who lack it. (Taipei Times, Taiwan)
Obama seeks estate tax hike May 12, 2009
WASHINGTON: The Obama administration proposed on Monday to raise nearly $60 billion by closing loopholes including those related to the estate tax, and also revived a bid to cap itemized deductions wealthy individuals can claim. Funds raised from the estate tax and other changes would go to beef up a healthcare reserve fund, a $634 billion pot of money President Barack Obama wants to use to revamp the healthcare system and expand insurance to tens of millions of Americans who lack it ... The... (India Times)
Kyl Seeks to Peel Off Conflicted Democrats May 12, 2009
"Usually you need 41 votes to get anything done around here. But right now, you can do a lot with 40 votes,'' said Judd Gregg, R-N.H. And Republicans seem in no rush to settle the contested Senate race in Minnesota, as they have backed Republican Norm Coleman's legal efforts to keep Democrat Al Franken from being certified the winner. Kyl says he hopes Coleman will rejoin his eight-person whip team. "We've saved that slot for him," he said. As a policy wonk best known for his work on the estate... (Yahoo News -- Politics)
Obama Targets Financiers to Close `Unfair Loopholes' in U.S. Tax System May 12, 2009
Additionally, Obama proposed to close so-called loopholes that would raise an extra $24 billion from the federal estate tax, which he wants to prevent from expiring as scheduled next year. The proposal would change valuation rules, subjecting more of an estate to possible tax. (Bloomberg -- US)
- Just Warming Up: What I would tell Cantor if he called (3) May 12, 2009
The only thing you said you would do is cut taxes and end the estate tax. You guys have been saying that for years. (El Centro Imperial Valley Press, CA)
Loan will help CBAC help businesses May 11, 2009
Such loans have gone out to 382 businesses in the past five years to create and retain 2,752 jobs and boost Camden s real estate tax base by more than $20 million. CBAC and other community organizations are able to go to EDA s Fund for Community Economic Development for up to $500,000, with the purpose of re-lending the money out to micro businesses, EDA CEO Caren Franzini said. (Philadelphia Business Journal, PA)
Carlisle school district expects tax increase next school year May 9, 2009
The budget includes an increase in the real estate tax rate of 4. 94 percent, raising the rate to 14. (Carlisle Sentinel, PA)
The Socialist States of America? Not so fast May 8, 2009
We call for a steeply graduated income tax and a steeply graduated estate tax, and a maximum income of no more than 10 times the minimum. Obama wants to raise the top personal income tax rate by three points. (Atlanta Journal-Constitution -- Opinion)
What’s Happening: Meetings May 8, 2009
Attorney Peter Schmerl will discuss 2009 changes to the estate tax law. Reservations, Jake Dangle, 991-6620. (Green Valley News & Sun, AZ)
County receives good news from debt restructuring; budget hearing to be May 11 May 7, 2009
The debt restructuring comes just as the Board of Supervisors is pondering a real estate tax increase of 10 cents per 100 of assessed value. A public hearing is scheduled for this Monday, May 11, at 6 p.m. at the Community Center, where citizens will have the chance to express opinions about the proposed tax increase and 40. (Appomattox Times Virginian, VA)
Do Blue Dog Democrats have clout to hold down spending? May 7, 2009
went further four days later, writing that the concept would be used for four bills affecting middle-class tax cuts, alternative minimum tax relief, estate tax provisions and changes in the Medicare rate for doctors. "If those criteria are not met," Hoyer said later, "we will not bring that legislation to the floor.". (Fresno Bee -- Local)
No tax increase expected in Mifflinburg May 7, 2009
This is an average $141 real estate tax rebate from last year, explained Business Manager Thomas Caruso. He added that the proposed budget does not include a tax increase, however, there will be an increase in the future to fund capital projects. (Milton Standard Journal, PA)
District approves budget with no tax increases May 6, 2009
5 million budget that calls for no real estate tax increase. The tax for fiscal year 2009-10 will stay at 11. (Carlisle Sentinel, PA)
Board likely to up school tax May 5, 2009
The budget would increase real estate tax by 0. 36 mill, to 18. (Erie Times-News, PA)
To solve town-gown relations, both sides must make changes May 5, 2009
The stories also mentioned other town officials that were concerned with shared facilities and real estate taxes ... It's also unfair for residents to feel slighted by the real estate tax and zoning laws. (The New Hampshire, NH)
Political Economy: Promises, Promises May 3, 2009
The same alternative assumptions apply to Medicare payments to physicians, to a planned rewrite of the estate tax and to a proposal to preserve some middle-class tax cuts that are set to expire in a year. The leadership pay-as-you-go promise to the Blue Dogs says Congress can pretend that these measures don't cost anything. (Yahoo News -- Politics)
Assessments decline in city Fredericksburg real estate assessments show decrease May 2, 2009
The City Council's current budget proposal calls for it to raise the real estate tax rate to make up for the loss in value, and then add some to bring in $1. 6 million in new revenue. (Fredericksburg.com, VA)
Rich get richer May 2, 2009
6%), and to enact a phase-out of the estate tax ... Republicans pitch that the estate tax (shrewdly morphed into death tax) is unfair. (Fresno Bee -- Opinion)
'Real Talk' radio host backs homebuyer credit May 1, 2009
Radio talk show host Brad Maaske of Visalia gave a mixed review Thursday of federal and state stimulus plans, saying real estate tax credits are boosting sales, but that much of the government spending program is off target. Maaske, a real estate broker who hosts "Real Talk" on KMJ (AM 580), predicts a 30% run-up in home prices in the central San Joaquin Valley by next spring, and a tough road for developers of commercial real estate. (Fresno Bee)
Community Notes (April 30) May 1, 2009
A new online payment option is available for the fiscal 2009 real estate tax bill ... Pay 2009 Real Estate Tax Bills. (Dover Sherborn Tab, MA)
Lithuania considers IMF lifeline to slow economic collapse May 1, 2009
Lithuania's ruling coalition is considering implementing a progressive income tax, a real estate tax increase, and further government wage reductions. Some economists fear that additional austerity measures will only drag the economy down deeper, though, and say IMF assistance could avert this. (Christian Science Monitor)
Lexington Town Meeting to rule on Beal development Monday Apr 30, 2009
Lexington would prefer to have high-end lab space which has fewer employers per square foot meaning it has less traffic impact and a higher revenue return to the town and the real estate tax that goes with that. Parker said that for each building here is the basic real estate tax and a tax on equipment installed in building by tenant. (Lexington Minuteman, MA)
Letter: Support senior tax relief Apr 30, 2009
Unlike other states, towns in Massachusetts do little to help seniors with their real estate tax burdens. The real problem in Mass like so many other states is that spending and pension abuses are out of control along with the pay and benefits for state and municipal employees. (Needham Tab, MA)
U.S. Congress approves compromise budget blueprint Apr 30, 2009
The budget does include provisions for 764 billion in tax cuts and calls for making permanent the current 45 percent rate for the estate tax, with the first 3 ... To temper growing concerns among some Democratic fiscal hawks in the House, leaders there made it clear they would let certain tax law changes advance -- like middle-class tax cuts and the estate tax -- only if they were paid for with spending cuts or other tax increases. (Yahoo News -- Top Stories)
Montgomery County Commissioners Apr 30, 2009
Rolan said real estate tax collections are going well but sales tax revenues, as well as fees from several county departments are significantly below projection. Looking ahead to the upcoming budget year, Rolan said the state is projecting sales tax revenues to be 6 percent below this year. (Troy Montgomery Herald, NC)
Supervisors propose 10-cent real estate tax increase, cut school board's request by $367,000 Apr 30, 2009
Supervisors propose 10-cent real estate tax increase, cut school board's request by 367,000 By MARVIN HAMLETT/EditorWednesday, April 29, 2009 10:14 AM EDT. On a split vote, the Appomattox County Board of Supervisors last Tuesday agreed to advertise a 10-cents increase on real estate taxes that will also coincide with a 367,000 cut from the school's proposed budget ... The supervisors proposed to raise real estate taxes from 44 cents to 54 cents per 100 of assessed value. (Appomattox Times Virginian, VA)
Could Conservative Issues Have Saved NY-20 for GOP? Apr 30, 2009
The legendary crooner, who is national spokesman for the 60 Plus Association (a seniors advocacy group) and its crusade to abolish the estate tax, was featured in a hard-hitting robo-call to voters. So a race that was thought to be a runaway for tthe Democrats turned out to be a cliff-hanger -- but only after some drumbeats on "red meat" issues aroused the conservative base in the twilight of the campaign. (Human Events Online)
Alexandria to cut budget by 2% Apr 29, 2009
3 cents per $100 of assessed value, the average real estate tax bill will increase to $4,303. In addition, the city slashed funding for schools by 2 percent, or $3. (Washington Business Journal, DC)
CPA board to receive preservation award Apr 29, 2009
These projects are funded by a surcharge of up to 3 percent of the real estate tax levy through the Community Preservation Act. The funds are matched in part by state money. (Lexington Minuteman, MA)
Spotsy OKs tax districts Spotsylvania supervisors agreed last night to create two special service tax districts to help Silver Cos. build critical roads near the under-construction Spotsylvania Regional Medical Center. Apr 29, 2009
The Lee Hill West district will have a real estate tax rate of 75 cents per $100 of assessed value, tacked on to the 62-cent rate commercial and residents pay annually. The Lee Hill East district will have a rate of 33 cents per $100. (Fredericksburg.com, VA)
Chapman: Town needs to re-imagine centers Apr 29, 2009
To increase the real estate tax base enough to achieve meaningful revenue enhancement in Belmont once the economy turns around, our best opportunity is in the qualitative development of our established town centers. We don t have the land for extensive commercial developments that neighboring towns have. (Belmont Citizen Herald, MA)
Obama reshaping personal finance Apr 29, 2009
Also in the proposed budget: The estate tax is likely to be kept at current levels, leaving estates of up to $7 million exempt. Taxes on capital gains and dividends would rise to 20 percent from their current 15 percent. (AZCentral -- Business)
Questions with the Georgetown Board of Selectmen candidates Apr 28, 2009
Alternatively, owners of parcels with improvements understand and accept that a real estate tax will be assessed. The town boards and committees must work effectively to promote business opportunities. (Georgetown Record, MA)
