Monthly News For February, 2020

PRICE OF LLC MAY SET REAL ESTATE VALUE FOR TAX PURPOSES

Posted on in News, Real Estate
PRICE OF LLC MAY SET REAL ESTATE VALUE FOR TAX PURPOSES

Parties to real estate transactions frequently use the transfer of limited liability company membership interests instead of a deed to transfer ownership in the underlying real property. This may be done for a variety of reasons, including the avoidance of paying a conveyance fee. Historically, this method has also been used when the purchase price […]

YOU AUTO KNOW® – Risk of Loss

Posted on in Automotive/Transportation, News
YOU AUTO KNOW® – Risk of Loss

Scenario:  Mr. Jones takes delivery of his new vehicle. During the period of time when the title is being transferred to Mr. Jones, he is in a serious accident, and the vehicle is determined to be a total loss. Mr. Jones contacts you and states that the dealership is responsible for payment of the vehicle since […]

APPLICATIONS FOR PROPERTY TAX REDUCTIONS DUE MARCH 31

Posted on in Business, News, Real Estate
APPLICATIONS FOR PROPERTY TAX REDUCTIONS DUE MARCH 31

Applications to attempt to lower residential and commercial real estate taxes are due March 31, so this is a good time for property owners to review the taxes they pay and analyze whether they should apply for a reduction. Property owners can apply to county Boards of Revision and potentially reduce the county’s valuation of their […]