Property values are assessed annually, and state tax bills based on those assessments arrive 18 months later. So, the current bills are based on valuation notices homeowners got in 2008. That year saw average values ...

owners filed 1,920 property tax returns in 2008. This year, that zoomed to 15,273 returns. Gwinnett County had 2,200 returns in 2008; this year, it had 31,983. Cobb County owners filed 900 returns three years ago and ...

Assessor Larry Stone said he is expecting thousands of property owners to protest their tax bills given the drop in property values from their height in 2008. None of this is good news to Harry Mavrogenes,

... property taxes in Saint Paul ... In 2006 and again in 2008, the Chamber completed the Shared Services Survey, an exhaustive analysis of 19 East Metro governmental operations. While some entities were clearly ...

... before the city replaces the Board of Revision of Taxes with a new property ... In 2008, Toppin testified during the case against Milton Street, who was convicted of failing to file federal tax returns on more ...

... reduce the portion of a home's value used to calculate property taxes. In 2008, the state legislature provided $870 million to increase the homestead credit for Indiana homeowners, reducing their tax bills.

... property tax. Raising the municipal millage rate from 4 to 6 would bring in an extra $1.2 million annually ... In 2008 the city spent about $25 million and that has been cut down to just over $20 million this year,

Constitutional caps on property taxes represent a beginning, not an end, to a more sweeping and fair tax reform. The 2008 Indiana law capping property taxes, the forerunner to constitutional caps, has worked a ...

in 2008, after former New Jersey Governor Jon Corzine put a 4 percent cap on property-tax increases. This year, facing a $1 million reduction in state aid under Governor Chris Christie ’s spending plan,

... property-tax increase expected to boost their monthly payments by $300 ... Before the real estate market collapsed in 2008, Fox said, nearly 80 percent of homeowners looking to refinance were successful.

nysut.org
25/06/2010 1:45:01 AM GMT

in.gov
22/05/2010 6:20:24 AM GMT

co.andrews.tx.us
27/06/2010 12:00:38 AM GMT

hoboken411.com
27/06/2010 12:00:37 AM GMT

wichitafallstx.gov
27/06/2010 12:00:37 AM GMT

taxfoundation.org
27/06/2010 12:00:37 AM GMT

freekeene.com
15/06/2010 1:37:06 AM GMT

crosslandteam.com
27/06/2010 12:00:37 AM GMT

budget.state.ny.us
27/06/2010 12:00:38 AM GMT

dcist.com
27/06/2010 12:00:38 AM GMT

activerain.com
19/06/2010 12:18:52 PM GMT

business.redlands.edu
27/06/2010 12:00:39 AM GMT

ci.decatur.il.us
27/06/2010 12:00:38 AM GMT

mercerislandblogger.wordpress.com
21/08/2010 5:02:07 AM GMT

taxprof.typepad.com
27/06/2010 12:00:39 AM GMT

Dear Sir, My father was allotted a Plot by Punjab Urban planning & Development Authority (PUDA), Jallandhar on 26 May 2005 on payment of 25% of cost. The balance payments were paid in installments, the last installment was paid on 24 Nov 2008. As per their Terms & Conditions the allottee shall complete the building within 3 years from the date of issue of allotment letter (26 May 2005). He completed the minimum permissible construction (25%) comprising of one bedroom, one bathroom and one kitchen as per norms in Dec 2009. Now, he wants to settle down in Bangalore and has applied for a flat being constructed by Army Welfare Housing Organisation Society (AWHO). He has no other property. The flat in Bangalore has been booked on his name vide AWHO Booking letter dated 02 Aug 2010 with Probable Date of Completion (PDC) June 2013. The Payment schedule is 20% cost in Nov 2010, 20% cost in Feb 2011, 20% cost in Jul 2011, 20% cost in Jan 2012, 15 % cost in Jul 2012 and 5 % of balance cost + escalation etc 3 months before possession date. I have following questions to ask :- 1.When can my father sell the PUDA plot (with 25 % constructed house ) to take advantage of exemption of Income Tax accrued from Long Term Capital Gain (LTCG)? The 3 years period for LTCG will commence from which date i.e. (a)Date of Allotment (26 May 2005) or (b)Date of last payment (24 Nov 2008) or (c)Date of Registration (May 2009) or (d)Date of 25 % completion of House (Dec 2009)? 2.As per IT Rules the gain on LTCG can be spent for construction of house within 3 years from the date of sale of property. If he sells the PUDA property in May 2011, can he draw the benefit of LTCG for the payments for Bangalore Flat scheduled in Jul 2011, Jan 2012, Jul 2012? 3.As per the Clause 54 of IT on LTCG, the income from the LTCG can be utilized for purchase of house within a period of one year before or two years after the date of purchase of house or within 3 years in construction, of a residential house. My question is the Bangalore Flat under construction by AWHO will fall into which Category for the purpose of exemption from LTCG i.e. (a)Construction category where the period given is 3 years or (b)Purchase category where the period is one year before or 2 years after the date of purchase of house 4. How can he get max exemption from LTCG if he sells his PUDA house and what should be the likely date for selling the PUDA house to gain maximum benefit? I shall be very grateful if my above queries are answered. Thanks and regards, GG Singh, Delhi 9958493136

http://www.myfoxny.com/dpp/news/local_news/manhattan/mosque-investors-donation-investigation-20100902 Mosque Investor Was Terror Contributor Updated: Friday, 03 Sep 2010, 9:25 AM EDT Published : Thursday, 02 Sep 2010, 6:01 PM EDT BY CHARLES LEAF MYFOXNY.COM - Fox 5 News reported Thursday that one of the financial backers of the Islamic mosque and cultural center project in Lower Manhattan once contributed to a terror group, although the investor says the contribution was made because he thought he was giving money to a harmless charity. One of the key players in Sharif El-Gamal's Mosque near Ground Zero is Egyptian born businessman, Hisham Elzanaty. Fox 5 News has learned exclusively and confirmed with Mr. Elzanaty’s attorney that Elzanaty made a “significant investment” in the development of the mosque near Ground Zero. Fox 5 has also uncovered Elzanaty has teamed up with El-Gamal on at least two real estate deals: the controversial mosque site and another deal involving a commercial property in the Chelsea section of Manhattan. In the Chelsea deal, mortgage documents show Elzanaty played a major role signing off as the guarantor on El-Gamal's $39 million mortgage. When Fox 5 News reporter Charles Leaf tracked down Elzanaty outside his Long Island home in Roslyn Heights last week Elzanaty avoided the camera and did not answer a single question about his business dealings with El-Gamal. Fox 5 News has also learned that in 1999 Hisham Elzanaty sent money to an organization that would later be deemed by the U.S. government to be a terrorist group. The organization was the Holy Land Foundation for Relief and Development, also known as HLF. The now defunct group’s 1999 tax records show Elzanaty contributed more than $6,000 to HLF. Two years later, in 2001, HLF was shut down by the federal government and designated as a global terrorist. After a mistrial in 2007, in 2008 five HLF leaders were convicted of providing material support to Hamas. The Investigative Project on Terrorism (IPT) is a non-profit research group that focuses on radical Islamic terrorist groups. The research group shared its information on HLF with Fox 5 News and IPT’s Managing Director, Ray Locker tells us HLF, “masked what their true purpose was, they funneled money to Hamas which used that money to conduct terrorist operations. In many cases they gave that money to the widows and children of so-called martyrs. ” Federal investigators say HLF was set up as the largest Muslim charity in the United States based in Richardson, Texas, but from its inception the group existed to support Hamas. Mr. Elzanaty's attorney tells Fox 5 News exclusively his client believed he was making contributions to an orphanage. But IPT’s Ray Locker claims even back then TV and newspapers were reporting suspicions of the group’s ties to terror. “If you gave money (to HLF) in 1999 you probably had some inkling that HLF was giving money to Hamas and therefore to terrorist operations,” Locker says. Mr. Elzanaty's contribution to HLF came in the same year his Egyptian parents, Abdou Elzanaty and Abed Raboh Fawkia Elzanaty, were killed in a plane crash. On October 31, 1999, Egyptair flight 990 left New York’s John F. Kennedy Airport bound for Cairo, but crashed in the Atlantic Ocean off the coast of Nantucket Island killing 217 people. U.S. investigators concluded the flight’s pilot deliberately crashed the plane in a suicide, while Egyptian investigators disagreed, concluding the flight had mechanical problems. Elzanaty’s attorney tells Fox 5 the tragic plane crash changed Mr. Elzanaty's life and brought him closer to Islam. -------------- See below for the 1999 IRS 990 form for the organization known as: Holy Land Foundation for Relief and Development (HLF). It shows Hisham Elzanaty’s $6,050 contribution. (Specific street addresses and names have been removed by Fox 5 News) In 2001 the HLF was shut down by the U.S. government and designated as a global terrorist. After a mistrial in 2007, in 2008 five HLF leaders were convicted of providing material support to Hamas, a group on the U.S. governments List of Foreign Terrorists. U.S. Government's List of Foreign Terrorists: http://www.state.gov/s/ct/rls/other/des/123085.htm Investigative Project on Terrorism: http://www.investigativeproject.org/"like i will believe anything on Fox News websites, Try again" Fine. Then I will not read anything that ABC, NBC, CBS, CNN, MSNBC, CNBC, The NYT, The WaPO, or any other liberal news organization says. Fair?

Rapid Delivery Service reports the following costs and expenses in June 2008. Indirect materials$ 6,500 Drivers' salaries$11,800 Depreciation on delivery equipment11,900 Advertising1,800 Dispatcher's salary5,800 Delivery equipment repairs420 Property taxes on office building960 Office supplies740 CEO's salary12,400 Office utilities1,080 Gas and oil for delivery trucks2,800 Repairs on office equipment260 Determine the total amount of (a) delivery service (product) costs and (b) period costs. Product Cost? Period Cost?

I'm thinking about buying a new home. Given the poor real estate marking, I would likely rent my current residence. I took the $7,500 First Time Homebuyer tax credit in 2008 which must be repaid over 15 years. Is there any way to rent my condo without having to pay back the $7,500 interest free loan I received. There has to be a way....right??

I purchased a home in 2008 and received the new homeowners tax credit. I understand that once you sell or begin to rent the property you are required to pay back the credit. How does this work if you sell at a substantial loss and how long do you have to pay back the credit?

Hi, I've recently got a deprection report from a qualified surveyor. It shows the total depreciation amount for each of the financial year. I have got the following questions with regards to etax. 1. Which screen and field that I can claim the fee for this report (carried out by the surveyor)? 2. Which screen and field that I can use to enter the total amount for each of the financial year prodivded by the surveyor? 3. I bought the rental property in 2008, and I've already done my tax return for 2009. How can I claim the depreciation amount for the 2009-2009 financial year? Any help is appreciated. Thanks & regards Thinh

She is a permament resident not a citizen yet. So when she got her and got approved for employment, she has been working. All her taxes what they filed married jointly every year. Went to his debt from the IRS. His debt was over 100,000, what he owed the IRS. Then she got into credit repair, and also fixed his credit. So through all the years out, she has been working. Now her husband and my mother are married for almost 7 years. 2008 my mothers husband brother died. So he had inherited money. My mother not knowing what she was doing was signing everything as a co signer. The house, the business, and now he say nothing is hers. We already have a lawyer. But it was a quick visit. I think he has used her for the IRS. And he did not even applied for her citizenship! What is her percentage out of this marriage. They bought the house, but she had put in her money too, with mortgage pay and everything. What can my mother expect, i think she has been set up. PLEASE HELP!She is a permament resident not a citizen yet. He said you extend it. So when she got got approved for employment, she has been working. All her taxes what they filed married jointly every year. Went to his debt from the IRS. His debt was over 100,000, what he owed the IRS. Then she got into credit repair, and also fixed his credit. So through all the years out, she has been working. Now her husband and my mother are married for almost 7 years. 2008 my mothers husband brother died. So he had inherited money. My mother not knowing what she was doing was signing everything as a co signer. The house, the business, and now he say nothing is hers. We already have a lawyer. But it was a quick visit. I think he has used her for the IRS. And he did not even applied for her citizenship! What is her percentage out of this marriage. They bought the house, but she had put in her money too, with mortgage pay and everything. What can my mother expect, i think she has been set up. PLEASE HEhe said about her greencard you can extend it.

I sold a small condo in Feb. 2008 for $90,000. Seven months later, after staying with my parents, I bought a larger home for $134,000. I had been in the condo for 7 years. It is getting fairly close to tax time so I was looking on the property tax website and noticed that my neighbors down the street with the exact same house as me pay much less in taxes. Then I noticed their $25,000 Save Our Homes Exemption listed, and mine said "0". I'm not going to pretend that I definitely remember filing for it, but I think I did. But did the 7 months between homes put me past the application date? What if the County made the mistake when filing my paperwork? Is there a chance in hell that I might get a credit towards this year's taxes? Of course it's Sunday....I can't call til tomorrow a.m. Thanks guys....(and girls).

http://www.city-data.com/ny-properties/assessments/Manhattan/P/Park-Place-1.html#googleMap 45 - 51 Park Place Manhattan, New York, NY 10007 Owner: MELVIN POMERANTZ Current year's total market value of the land: This property :$1,280,000 Median of this street:$153,500 Current year's total market value: This property :$4,940,000 Median of this street:$633,500 Current transitional assessed land value: $597,600 Current transitional assessed total value: $1,956,600 Tentative transitional assessed land value for the next fiscal year: $586,800 Tentative transitional assessed total value for the next fiscal year: $2,150,100 Final transitional assessed land value for the next fiscal year: $586,800 Final transitional assessed total value for the next fiscal year: $2,150,100 Assessment for fiscal year: 2008/2009 Tax class: all others Tax block/lot: 126/9 Number of units (condos, etc). in the building: 3 Lot frontage: 106 feet Lot depth: 90 feet Irregularly shaped lot: yes Building frontage: 52 feet Building depth: 90 feet Irregularly shaped building: no The number of stories for the building: 4 The number of buildings on the property: 2 The year the building was built: 1923 Zoning codes from NYC Department of City Planning: C6-4(Wide range of high-bulk commercial uses requiring a central location such as: corporate headquarters, large hotels, entertainment facilities, retail stores and high-rise residences in mixed buildings. Off-street parking is generally not required.)

I owe taxes for 2005,2006,2007,2008 totaling 80K. I was got married to my wife in illinois in Feb of 2007. We currently live in Illinois, I owe back taxes for the stated years but we have never filed a joint return and because we live in illinois, the Irs can't hold her responsible. I know that california is a community property state, my question is, once I move to california... 1. Will the Irs hold my wife liable for the tax debt from before we were married (2005,2006) 2. Will they hold her liable for the tax debt after we were married (2007,2008) Note: I filed chapter 7 bankruptcy in 2009. I just want to be sure that the IRS will not all of a sudden make her responsible for my debt now that we will no longer be living in a non community property state.

I have been denied first home buyer credit since I claimed a mortgage interest on a time share owned by me in 2008. However I never owned a main home and claimed the credit in 2009 tax return, for property purchased on February 2010. IRS denied it but send the original denial letter to the previous apartment address which I never received. After few months I called the IRS, they verbally told me that the credit was denied. However they were unable to provide me with a copy of the denial letter which was not available with the IRS. However second amended return was send to them claiming the credit. They send me a letter saying the credit was denied due to the mortgage interest claimed in the year 2008. I was wondering whether the dateof last date for appeals should be considered for filing an appeal. The letter is dated August 2, 2010. Any inputs would be highly appreciated.

Bought a house on land contract 2 years ago. It was "verbally" agreed that the current year summer tax (2008) would be paid by the seller. Now, 2010, that same tax is severely overdue left unpaid by the seller but is now in our name. At this time, a certificate of forfeiture of real property tax has been listed on our account. Due to foreclose March 2011. However, we are attempting to dissolve our land contract as we are in need of relocating for work. What will happen to that tax lien once we move out?

2008 my property tax went up 27%. 2009 it went up 38%. Now in 2010 it is up another 34%. If this continues they will tax my home away from me even though it's paid for. Is government out of control?I think government is in SPEND mode. There is no recession for government workers. All the government workers want their pay raises, and benefits even though 10% of the tax payers are out of work. When is government going to tighten their belt like the citizens are being asked to?

I am a retired nurse and have lived my life with Narcolepsy and with medication I was able to graduate from nursing school, keep a home, work as a nurse, be a Mom, daughter and wife, etc. In 2006 I asked the person who managed our condo to lift one stone in my sidewalk that was lifted by the previous management company and it solved the problem of ice forming there. To my amazement the entire sidewalk was replaced. At that time I was annoyed and asked the management person why she would replace a perfect sidewalk when I wanted one stone lifted. Since I asked that question about why she replaced my sidewalk, I have been harassed by the HOA and management company and I have gotten fake fines, no answers to my emails, many things that need to be addressed are not. We are not able to call our board members so I cannot seem to get anything solved since the mgm. person and her husband who owns the company will not reply to my emails. . I also have a back area to my condo and that area is covered with brown dirt, green moss and a few strands of grass. My HOA and management company refuse to fix my back yard even though I pay my maintenance fee on time monthly. I decided it wasn't worth the misery to live here and I bought a home in Sept. 2008. The person who wanted to buy my condo changed their mind when they saw the condition of the back area of my condo as it was truly a mess and I do not blame them. I am ready to list my property with a real estate agent but before I got a chance to list it, the HOA and mgm. person decided to change my roof which had a 40 year guarantee and was at that time 21 years old and still under guarantee. I was forced to get 7 new skylights that turned out to be the cheapest ones made by Velux. The mgm. person would never inform us of the skylights that were going to replace our upscale skylights. I fought the replacement of the skylights but the lawyer for the Enclave wrote a letter to Con. Affairs saying that the professional engineer said the skylights had to be replaced. I thought the decision was wrong but who I am to go against an engineer as I have no training and only common sense. . The Velux $225 retail skylights replaced upscale skylights that today have to be custom made. I refused to pay for the skylights because they are not equal to the value of the ones removed and they actually turned out to be defective with condensation between the glass. Before the new skylights were completely finished, two leaked and ruined my living room furniture & bedroom custom made bedspread; but the lawyer for the condo sent me a letter saying I was fabricating the damage when no one came to look at my furniture and bedspread. The new skylights have lowered the price of my condo as it is no longer worth the money it was worth with the upscale skylights. Many interested buyers want the original condos with the upscale skylights, solid wood doors, brass hinges, etc. No other person living here with the original skylights all four condo owners had to replace are being forced to replace theirs possibly because of all the information I gave the HOA about how good they were as I bought my condo from the builder and was informed of all of these upgrades. The so called professional engineer had a degree in Zoology. At this point right now, I own another home and this condo as I had a buyer for my condo who won't buy it now because of the condition of the grounds. I am paying taxes and upkeep on two homes. I was informed by the twp. engneer and a building inspector that my neighbor used when she moved next door that there is a drainage problem that might even effect the slab under my condo. . The worse is that my Narcolepsy which was treated perfectly with medication is greatly affected by stress and I am no longer able to do anything I once enjoyed doing. I use to volunteer for Hospice, socialize with friends, go to plays, out to dinner, keep up my condo and even had a beautiful garden. With the stress I have to live with right now, I am having a hard time getting out of bed and taking a shower as I am so very tired all the time. Narcolepsy can't handle stress and the medication doesn't work with great deals of stress. . The management person has been telling contractors not to go near me or my daughter as we might file a sexual harassment suit against them and this is absolutely untrue. About 5 years ago, one of the presidents of the HOA made a comment to my daughter that if she went out for a 2 drink minimum he would fix our property. My daughter made a comment that it was sexual harassment but that is all. The mgmt. person is telling contractors who tell her that something has to be fixed on our condo to stay away from us as we may file a sexual harassment suit against them. Honestly, the smart ones do not believe her but still they cannot repair anything without the management p

My wife and I bought a new construction in April 2009. We paid half of the tax bill in 2009, and we are paying all of this years tax bill. Should we have paid any of the tax bill in 2009 because we didn't own the house at all in 2008. Should the builder/seller be paying their portion of this years tax bill because they owned the house for 1/3 of the 2009 year?Edit: We never owned the land the home was built on. It was a new construction built by a contractor in hopes of selling the home for profit.

Keep these property tax dates close at hand 2008 Property Tax Calendar January

This page contains the prescribed form of the “Statement of Property Taxes Payable in 2008” and important supporting instructions and material for county treasurers as they ...

Property Tax Total Number of Bills: 82 HB 54 Status as of May 22, 2008: Became Law - Chapter 645 Property Tax - Credit - Accessibility Features

A new income tax break for 2008 and 2009 could save property owners several hundred dollars, if they use the standard deduction, rather than itemize their individual deductions.

The Tax Foundation analysis, which compares fiscal 2008 with 2007, says property tax paid per capita in Maryland inched up about half a percent -- less than $10.

The Housing Assistance Tax Act allows homeowners to claim an additional standard deduction for property tax if the taxpayer does not itemize. The additional amount is limited ...

Department of Revenue Administration Municipal Services TAX RATES 2008 Print Date: 24-Feb-09 Local State

Contents The Big Picture Homeowner Tax Relief Circuit Breakers The Potential "Tax Echo" in 2009 Revenue Losses and Taxpayer Savings Circuit Breakers and Local Government Interdependence

Property Tax Statistics 2008 Table of Contents Compiled and Edited by: Diana Tibbetts, Tax Policy Specialist Valerie Torres, Tax Policy Specialist

In the United States, property tax on real estate is usually levied by local government, at the ... and Development, Economics Department, Working Paper no. 643, 14 October 2008.

State-funded homestead credits will go away next year, and several tax experts predict that property tax bills will rise, especially for rural homeowners who are unlikely to benefit from recently enacted tax caps.

Property-tax bills are in the mail, and many Phoenix-area homeowners will be happy to see they owe less this year. The 2010 assessments will finally begin to reflect the region's plummet in home values, although tax bills are not declining nearly as far as the recent plunge in home prices.

The average property tax hike in New Jersey will be 3.3 percent this year — and will hit 23.5 percent after the loss of the homestead rebate is factored in, a statewide review of new tax rates show.

Some owners face tax bump as cities hike rates.

Size will matter if Indiana voters approve a referendum making property tax caps part of the state constitution, a professor and tax expert told the Quality of Life Council on Friday. Not everyone will see relief, but homeowners with properties with higher assessed valuations, larger taxing districts, particularly cities and towns with a number of taxing entities in them, and landlords will ...

GARY | Indiana voters will decide in November whether the taxreform started in 2008 that limits or caps the amount propertytaxes paid -- by everyone from homeowners to businesses -- becomespart of the state's constitution.

Proposition 24 proponents say they support the measure because it would repeal three business tax breaks, keeping about $1.3 billion in state coffers and preventing further cuts to education and other important state programs.

At a staff meeting Aug. 24, Montgomery County Commissioners Chairman James R. Matthews floated the now familiar doomsday proposals of deep cuts, massive layoffs and a tax hike as ways to balance the 2011 budget.

A utility tax would force everyone to help cover the costs of public education, while reducing the amount property owners pay in terms of property taxes.

Some homeowners will see their bills stay the same or even increase as cities hike rates.