Realty Tax Consultant

TAX REFORM The Legislature failed, yet again, to fundamentally change how Pennsylvania pays for its schools in its fourth attempt at property tax reform in nearly 20 years. There’s slots to be angry about.
RANTER’S NOTE: Tuesday is election day in Pennsylvania. To better prepare you for pushing the electronic buttons in a new-fangled voting booth, [...]

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Chamber lists recommendations on Draft REITS Regulations
Taxation of income of real estate investment trusts (REITS) on the lines of mutual funds, permission to investment in housing development activities, exemption of capital gains tax on the sale of assets of REITS and VAT ability of stamp duty payable by a REIT are among the 15-point recommendations [...]

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It has been said that “Now is the best time for a condo /Condominimum”   .  Is that so you may well ask ?   Here is such an expert “commentary”: 

 Think about a condo:

There’s a surplus of inventory in the condominium market, so your realtor should be able to negotiate a good deal for you when it [...]

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Alberta Canada can be an excellent place for Canadians to invest in quality diversified property.  To many Canadians the only opportunities may seem to be the more staid ones.  RRSPs bank accounts, GICs.  If real estate investments are to be made then it is the major centers – Toronto, Montreal and Vancouver – with perhaps [...]

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When purchasing a condo in 2009 it may seem “like the best of times”.

Yet all is not what it may seem notes Las Vegas noted real estate industry expert M.L. Labovitch.  The economist M.L. Labovitch notes that with the current downturn in the economy – that a “lot of people ( read investors or even [...]

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New Tax Monies for Roads – School in Danger of Closing
Growing tension among county leaders appears to have killed one plan to fix aging schools, and may jeopardize other efforts to land more money for expanded schools and roads.
Unfortunately, I think that the friction is starting to build,” County Council Chairman Cathy Vitale, R-Severna Park, [...]

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RESIDENTIAL TAX RATE TO RISE – The town will see a slight increase in residential property tax rates this fiscal year and a slight decrease in commercial and industrial property rates, according to assessing administrator Thomas Hogan. The residential property tax rate in the fiscal year that began July 1 is set at $9.84 [...]

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County Councilman Ted Bilski, D-Hobart, said Thursday he is prepared to vote against the 1 percent personal income tax he supported only last week because its redistribution as property tax relief would be unfair under the current proposal.
“I’ve been waiting a month for this hybrid option, but we don’t have it yet,” Bilski said.
Four council [...]

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Companies expect to increase the amount of property space they use in the next half-year, despite growing signs the economy is flagging, a survey showed.
The twice-yearly survey by the Confederation of British Industry and property consultants GVA Grimley showed a balance of 21 pct of firms expect to expand their property space in the next [...]

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There are a couple of interesting points about the proposed convention center hotel site that weren’t mentioned in the weekend’s DMN story about the $40 million deal for an 8.34-acre site located right next door to the Dallas Morning News offices.
1) It’s interesting that a site valued on the tax appraisal roles at $7.5 million [...]

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