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Hub You - Why Is Janus the God of Property Taxes?
Jeff Wellman stepped to the plate and crushed a soaring fly ball into the left field bleachers. “Layoff Your Boss” is the home run affiliate marketing EBook of the year. Incredible results for someone releasing their first product. Michigan native Jeff Wellman’s internet marketing career has definitely blossomed , from a bud of optimism, to an orchard of cash producing trees.I used to eek thru life. I used to check my bank accounts daily, just to see if I had enough money in them to get gas. I was paying for my wife’s nursing school and working 6 days a week, 9-10 hours a day. Sadly, I was breaking even, kind of maintaining the status quo. Heck, working in the auto industry in Michigan, is like swimming in the ocean. The longer your in the water, the more likel
Condition on the assessment date governs for the entire year
First, let's say a factory burns to the ground December 30. As of a January 1 assessment date, no value whatsoever may be placed on the building by the tax assessor. If the same catastrophe occurs January 2, full value may be assessed against the building for the e
Adult bed bugs are brown to reddish-brown, oval-shaped, flattened, and about 3/16 to 1/5 inch long. Their flat shape enables them to readily hide in cracks and crevices. The body becomes more elongate, swollen, and dark red after a blood meal. Bed bugs have a beaklike piercing-sucking mouthpart system. The adults have small, stubby, nonfunctional wing pads. Newly hatched nymphs are nearly colorless, becoming brownish as they mature. Nymphs have the general appearance of adults. Eggs are white and about 1/32 inch long.Bed bugs superficially resemble a number of closely related insects (family Cimicidae), such as bat bugs (Cimex adjunctus), chimney swift bugs (Cimexopsis spp.), and swallow bugs (Oeciacus spp.). A microscope is needed to examine the insect for dis
Janus is known for three things:
1. as god of gates and doors, he symbolizes
all beginnings;
2. he is the god for whom the month of January is named; and
3. he is represented by two opposite faces.
So, why, you may ask, did I decide to anoint Janus the god of property taxation? Well, for the selfsame three reasons alluded to above.
First, the beginning of the year, January, is the essential time to do your property tax planning for the year. Yes, Virginia, there is such a thing as property tax planning. It may not be as elaborate or involved as federal income tax planning, but the pay-offs for small investments of time can be exponentially greater.
Next, the two-faced god is a viable symbol for your advocacy in pursuing property tax reduction appeals. More about this below.
January is property tax planning month
For nearly all states, the official tax assessment date is either January 1 or December 31. This means two things. First, the value and therefore the condition ”of all property for tax assessment purposes hinges on its status as of the assessment date. The same is true for both valuation and exemption issues. Three examples will help to illustrate this point.
Condition on the assessment date governs for the entire year
First, let's say a factory burns to the ground December 30. As of a January 1 assessment date, no value whatsoever may be placed on the building by the tax assessor. If the same catastrophe occurs January 2, full value may be assessed against the building for the en
As the tragedy at the Sago mine in West Virginia unfolded on our televisions and front pages in January of 2006, I’m certain we all wondered how the story could have become such a terrific example of corporate media-relations bungling.Perhaps I was in the minority thinking the bungling was terrific, but I’m in the media relations business – this mess was going to be a terrific teaching tool.How did such utterly wrong “facts” get released? And why did International Coal Group, the company that owns the Sago mine, let the wrong story spread for three hours before admitting to the real facts – twelve miners were dead. There was only one survivor. Not twelve, as had been joyfully reported by broadcasters and newspapers around the world.There is one
So, why, you may ask, did I decide to anoint Janus the god of property taxation? Well, for the selfsame three reasons alluded to above.
First, the beginning of the year, January, is the essential time to do your property tax planning for the year. Yes, Virginia, there is such a thing as property tax planning. It may not be as elaborate or involved as federal income tax planning, but the pay-offs for small investments of time can be exponentially greater.
Next, the two-faced god is a viable symbol for your advocacy in pursuing property tax reduction appeals. More about this below.
January is property tax planning month
For nearly all states, the official tax assessment date is either January 1 or December 31. This means two things. First, the value and therefore the condition ”of all property for tax assessment purposes hinges on its status as of the assessment date. The same is true for both valuation and exemption issues. Three examples will help to illustrate this point.
Condition on the assessment date governs for the entire year
First, let's say a factory burns to the ground December 30. As of a January 1 assessment date, no value whatsoever may be placed on the building by the tax assessor. If the same catastrophe occurs January 2, full value may be assessed against the building for the e
Virtually everyone in sales is required to negotiate. After conducting hundreds of workshop and working with thousands of people during the last decade, I have discovered that most sales people are not as effective at negotiating as they could be.However, I do come across great sales negotiators from time-to-time and have noticed that they typically have a few things in common. Here are the characteristics they usually possess.Understanding of the negotiating process. Highly effective negotiators recognize that negotiating is a process, not just something that is done when discussing the terms and conditions of a solution. Negotiating is much more than haggling about price. It requires an understanding of the dynamics that affect the process and influenc
Next, the two-faced god is a viable symbol for your advocacy in pursuing property tax reduction appeals. More about this below.
January is property tax planning month
For nearly all states, the official tax assessment date is either January 1 or December 31. This means two things. First, the value and therefore the condition ”of all property for tax assessment purposes hinges on its status as of the assessment date. The same is true for both valuation and exemption issues. Three examples will help to illustrate this point.
Condition on the assessment date governs for the entire year
First, let's say a factory burns to the ground December 30. As of a January 1 assessment date, no value whatsoever may be placed on the building by the tax assessor. If the same catastrophe occurs January 2, full value may be assessed against the building for the e
It is very simple to buy cars with auto loans online. You can choose from numerous available options on the Internet to choose most suitable loan amongst different auto loans online.How to apply for such loanAuto loan websites offer different auto loans online. You only need to fill in simple details about your choice of car, monthly repayments, suitable interest rates, etc. and submit your form to auto loan provider. Soon you receive your auto loan with amount of monthly interest payable.What should be my necessary criteria?Your deciding factors for choosing auto loans online should be rate of interest and time period for repayment. Normal repayment time is around three to five years, although you can extend it to seven years. Shorter repa
Condition on the assessment date governs for the entire year
First, let's say a factory burns to the ground December 30. As of a January 1 assessment date, no value whatsoever may be placed on the building by the tax assessor. If the same catastrophe occurs January 2, full value may be assessed against the building for the e
A very important point to consider while designing a website is proper navigation. You must ensure that potential clients or customers are able to find the information they are looking for without too many clicks. As a quick rule of thumb, visitors to your site should be able to visit all your pages by using, at most, 3 clicks. This is also important when considering search engine optimization (SEO) because search engines will only spider (or index) pages that are 3 clicks deep into your site. Not only does proper navigation allow users to find information they are looking for, but it also allows search engines to spider (or index) the information they are looking for. This is essential if you want high quality search engine traffic directed to your website.
Condition on the assessment date governs for the entire year
First, let's say a factory burns to the ground December 30. As of a January 1 assessment date, no value whatsoever may be placed on the building by the tax assessor. If the same catastrophe occurs January 2, full value may be assessed against the building for the entire year, even though the owner had use of the property for only the first two days of the year! Property tax statutes are complicated and difficult enough to apply even under ideal conditions, and as a result the courts have enforced bright line rules such as these in order to assist tax assessors in administering the tax assessment statutes.
Now, before I proceed, let me make it perfectly clear that the example above is NOT intended as property tax planning advice to Joey the Torch! Instead, it means that if you have repairs and enhancements to make to your residence or commercial property, if these are not completed” or at least not substantially completed” by the assessment date, it is likely that the tax assessor will not be able to tax them until the following tax year, thereby providing you a free year's use without taxation. This is what is meant by "tax avoidance” planning measures intended to minimize tax burdens. It is distinguished from "tax evasion ”the use of unlawful measures--which we neither approve of nor advocate.
Avoiding first year of taxation on new or rehabbed improvements
Second, and as a corollary to the fiery example discussed above, if new construction or rehabilitation is about to be completed toward the end of the calendar year, you may want to delay obtaining a certificate of occupancy or connecting electricity or plumbin
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