HOLLIDAYSBURG - Blair County's first public meeting since the mailing of reassessment notices started with the scolding of commissioners by an older property owner who complained about the lack of parking near the courthouse and the daytime hour of...
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BING NEWS:
- Home values slightly rise in November quarter
The latest QV House Price Index shows home values grew nationally by an average of 0.3% in the November quarter – the first quarterly increase since April. The average home is now worth $908,173, ...
12/9/2024 - 3:04 pm | View Link - Aspen City Council approves 2024 mill levy
This process includes two types of mill levies: one for general purposes and asset management, and another specifically for stormwater infrastructure.
12/9/2024 - 1:43 pm | View Link - Orangeburg takes steps to offset rising property taxes amid increased home values
Orangeburg officials say they've found a way to prevent property taxes from rising for most homeowners in the city, despite increasing home values.
12/9/2024 - 11:15 am | View Link - Big Virginia property value hikes could impact taxes
Bristol and Washington County, Va. homeowners are getting an early Christmas surprise that may be unwelcome to some: new and often much-higher values based on a recent reassessment. Letters revealing ...
12/9/2024 - 9:56 am | View Link - How much is your house worth? Lexington County residents could get new answer on tax bill
The growing county has seen a hot housing market in recent years. That could mean a higher tax bill once Lexington County’s reassessment period is completed at the end of the year.
12/8/2024 - 9:00 pm | View Link - More
- How can I determine the "fair market value" of my rental property from ...
FMV is the the market sale value of the property for calculating depreciation, not the monthly market rent. When you convert a property from personal use to a rental the property's Fair Market Value is the amount a willing buyer would pay and a willing seller would accept when neither is compelled to buy or sell - an "arm's length" transaction.
12/9/2024 - 12:12 am | View Website - Basis determination on real estate obtained via a quit claim ...
He lived on an adjacent property (the property he gave me was a parcel connected to his) and I lived on the property he gave me until 1992. I then moved and he had access to the property as extension of his parcel from 1992 - 2008 (although his primary residence was on the adjacent separate parcel that stayed in his name.)
12/7/2024 - 10:19 pm | View Website - I need to determine the land value of my rental property (just ...
For example,if you paid $250,000 for your property, nowhere on your sales paperwork does it show a breakdown of what was paid for land, and what was paid for structures on the land. If on your property tax bill it shows a tax value of $20,000 for the land and $80,000 for the structure, that's a total tax value of $100,000.
12/7/2024 - 12:54 pm | View Website - Inherited house basis calculation with no appraisal at time of ...
The fair market value (FMV) of the property on the date of the decedent's death or; The FMV of the property on the alternate valuation date, but only if the executor of the estate files an estate tax return (Form 706) and elects to use the alternate valuation on that return. @Anonymous
12/7/2024 - 1:12 am | View Website - Can someone give me a very precise answer about what to enter ...
1) I know that the land and property ratio is consistent at 30% : 70% based on actual land dollar values written on my subsequent tax assessments received after purchase. 2) however my purchase price is higher than the subsequent assessed property values written on my tax property taxes.
12/6/2024 - 5:09 am | View Website - More
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