Tax Realty Consultant

The current 7.9 mills of emergency property tax operating levy generate about $9.7 million annually. This money can only be used for operation expenses. This levy is due to expire in December 2008 with the last collections occurring during calendar year 2009. This option requires renewal every four to five years and does not allow [...]

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Protest consultants help clients cut property bills, affect county roll
Motivated by a cut of the savings, Dallas County’s property tax consultants drive many of the commercial property protests each year by filing hundreds of challenges for their clients.
About 76 percent of commercial property owners who protested in 2006 used a tax consultant, significantly more than [...]

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A Noblesville councilor is hoping his counterparts will pass a plan for an emergency fund that will serve as a “savings account” for the city for years to come.

Hinds
Alan Hinds will request Tuesday that the city create a contingency fund to be used in case the “financial condition of the city becomes [...]

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The Star Tribune published an informative story about the rise in property taxes throughout the metro.  Part of the issue has been the legislature has gamed the system of property taxation and now that is starting to unwind.
If you look at your tax statements, you will often see two different numbers.  One is an estimate [...]

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With the rush to file your taxes by April 15th, you probably did not consider the possibility that you overpaid. According to the General Accounting Office, in 1998 alone, there was $311 million paid unnecessarily to the IRS. Do not count on the IRS to tell you if you have [...]

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In early October, when Dorte and Houschang Pakpour put their Mediterranean-style villa in Laguna Beach, Calif. on the market, they put a little extra bait on the hook. In the glossy sales brochure touting the ocean and canyon views, European gardens and cathedral ceilings, the Pakpours noted that seller financing was available. “I’m willing to [...]

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Commissioner Roosevelt Allen Jr., D-Gary, who supports enactment of a 1 percent income tax, said Tuesday that county officials met with their financial consultant, Crowe Chizek, to discuss the many options officials have in allocating the estimated $78 million of income tax revenues.
The county could use income tax revenues to reduce property taxes among homeowners, [...]

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Taxpayers who sell their principle residence can keep tax free up to $500,000 in profit if they file singly. The property must have been owned and used as the principle residence for any of the prior years. Homeowners can shelter the profits on the sale of a home as often as once every two years. [...]

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With all the news about how the housing market slowdown is squeezing homeowners, lenders and real estate brokers, it might be easy to forget that the bottom line of state and local governments also is getting pinched.
That’s certainly the case in Shelby County and statewide in Tennessee, where over the past year the collection of [...]

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A real estate consultant says a new state tax break could prompt investors to put money into trophy properties like retail centers, multifamily complexes and office buildings in Mississippi.
Legislators this year made the state income tax law conform with federal law dealing with certain exchanges of property.
The Legislature passed a bill eliminating a state tax [...]

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