“Property tax deferment granted to Atlas Technologies” plus 2 more |
- Property tax deferment granted to Atlas Technologies
- D-46 board to vote on tax abatement plan
- Yearly renewal for senior property-tax break will confuse many, assessor says
| Property tax deferment granted to Atlas Technologies Posted: 07 Feb 2011 02:48 PM PST Published: Monday, February 07, 2011, 5:31 PM Updated: Tuesday, February 08, 2011, 9:16 AMGENESEE COUNTY -- The county has granted a one-year deferment to Atlas Technologies, giving the company more time to pay property taxes from 2008 and allowing it to avoid tax foreclosure. Atlas had been the most valuable property listed in a public notice of parcels facing possible foreclosure because of unpaid taxes before the company made a partial payment on its tax bill last week and the county set up a schedule of monthly payments to pay off the taxes, said Chief Deputy Treasurer Jill McKenzie. The company has contended it has been over-taxed for its property at 3100 Copper Ave., Fenton. The property is on the 2008 tax roll with a state equalized value of $2.47 million -- or $4.95 million market value. An official for Atlas has said the assessments are as much as five times more than comparable properties are worth on the open market. The company has one tax appeal pending with the Michigan Tax Tribunal. That case involves its 2010 tax assessment, according to Tax Tribunal spokeswoman Patti Halm. "Atlas Technologies has been in continuous operation for 41 years. Atlas is not going anywhere, we are committed to producing our products in the state of Michigan and plan to operate our factory here for many years to come," Jesse Levine, a member of the board of directors for Atlas, said in a written statement. "We are a strong independent company with close ties to the Flint community and its industries, including auto production. We pride ourselves on being good corporate citizens, including paying property taxes which are reasonably due. We look forward to having our factory assessment lowered to its true fair value when this matter is concluded," the statement said. County Treasurer Deborah Cherry said her office granted Atlas deferment on the 2008 taxes until March 31, 2012. The county typically grants such deferments to companies that are in operation and employing people. Representatives of Allinger Properties LLC, owner of another high-value property heading toward foreclosure, are expected to meet with Cherry's office this week -- also to discuss a deferment in paying 2008 taxes. Allinger owns Dutch Mobile Home Village in Genesee Township. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php | ||||
| D-46 board to vote on tax abatement plan Posted: 07 Feb 2011 09:42 PM PST By JOSEPH BUSTOS - jbustos@nwherald.com Local Video and Photos Quickcast: Feb. 8, 2011 Today's video Quickcast features stories about home prices in McHenry County, the closing of the Si... The Perfect Pick-Me-Up Quickcast: Feb. 7, 2011 Weekend Rewind PRAIRIE GROVE – An annual property-tax break for District 46 residents might continue this year. Since 2007, residents in Prairie Grove District 46 have received a small break on their property tax bills. This is part of the district's Taxpayer Partnership Plan, which was put into place starting with the 2007 tax bill, said Andy Searle, the district's business manager. It is slated to continue this year, pending approval from the District 46 school board, which meets tonight and is scheduled to vote on the matter. District 46 introduced the plan as a way to reimburse taxpayers the difference between what they thought they approved in a 2002 tax-rate referendum for educational purposes and the amount the district ended up receiving under state law. When the referendum was passed, the district increased the maximum tax rate it could charge by 50 cents per $100 of equalized assessed property value. However, because the district's tax rate had been below the maximum allowable rate, it resulted in a rate increase of about 84 cents per $100 of EAV. State law has been rewritten to clarify ballot language. To keep taxes lower for residents, the district plans not to levy property taxes for the district's debt service and use money in the education fund to repay debt. The school board tonight will vote on whether to abate property taxes it would use to pay the district's debt service this year. Without the plan this year, district officials estimate that property owners would have been taxed about 19 cents per $100 of EAV to pay for the district's debt service, Searle said. An owner of a $300,000 house is estimated to save $188 in property taxes this year, Searle said. Since the plan was put into place, an owner of a $300,000 house has saved about $130 to $140 a year, Searle said. "Money is tight for everybody," board President Laura Domoto said. "We're doing what's right for taxpayers." How much the actual savings will be and how much people pay on their property tax bills won't be finalized until final property values are set in the spring. The district has abated $2.1 million since it implemented the plan. If you go What: The Prairie Grove District 46 school board When: 7 p.m. today. Where: Junior High School Library, 3225 Route 176. CommentsAdd CommentsThere are 38 hours, 18 minutes remaining to comment on this story. Click here to read the rules for posting commentsYou must register with a valid email to post comments. Only your member ID will be posted with the comments.
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| Yearly renewal for senior property-tax break will confuse many, assessor says Posted: 08 Feb 2011 12:38 AM PST Yearly renewal for senior property-tax break will confuse many, assessor saysBy LISA DONOVAN Cook County Government Reporterldonovan@suntimes.com Feb 8, 2011 12:59PM About the tax break † To qualify for the "Senior Citizen Exemption," you have to have been born before 1945, own your home or have a lease or contract making you responsible for the real estate taxes, the home must be your principal place of residence. † Cook County residents needing help with the application can call the county assessor's office at (312) 603-2961. Chicago residents also can reach the city's tax assistance center by calling 311. Those who just turned 65 and would like to start taking advantage of the senior exemption can download the form online from www.cookcountyassessor.com.Starting this year, Cook County seniors will again have to renew their property-tax exemption every year, and that's likely to cause confusion, Cook County Assessor Joe Berrios said Monday. Berrios said he's sending out exemption applications this week to 300,000 seniors and is trying to get the word out to homeowners 65 and older that those must be filled out and returned by March 3. Berrios said he's worried the mailers might be overlooked or tossed out, mistaken for junk mail. "They're going to receive these things in the mail, and they're going to throw them in the garbage," Berrios said. "And then they're going to get a tax bill in November and say: 'What happened?' "Berrios said he plans to press Springfield lawmakers to eliminate the annual application requirement, calling it "just an additional cost government doesn't need," which he pegged at $250,000. The annual filing is a provision of a new property-tax relief law that kicked in this year. It affects more than 284,000 homeowners 65 and older and applies exclusively to Cook County. The amount of savings the tax provides varies. For a senior homeowner in Chicago, the exemption is worth a median savings of about $200 year, Berrios said. Before 2008, seniors had to reapply every year. Also, the "senior freeze" exemption, which gives senior homeowners a break if their income is below $55,000, requires an annual application. The new law was passed last year after Kelly Burke, a Democratic House candidate from the southwest suburbs, drew flak for getting a senior exemption though she wasn't eligible. Burke said she didn't realize she was getting the exemption after buying the house from a senior. She made restitution and won the election. Contributing: Dave Mc-Kinney; Francine KnowlesThis entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
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