“Sylvania Township trustee vote kills chance for TARTA sales tax” plus 3 more |
- Sylvania Township trustee vote kills chance for TARTA sales tax
- Property Tax/Rent Rebate Application Deadline Extended to End of Year
- Property tax on new cars in question
- City Council explores property-tax rate
| Sylvania Township trustee vote kills chance for TARTA sales tax Posted: 02 Jun 2010 04:04 PM PDT Message from Five Filters: If you can, please donate to the full-text RSS service so we can continue developing it. Barring a change of heart, TARTA's offer to provide some property-tax relief in exchange for a half-cent sales tax is dead. Mr. Jennewine agreed. thenry@theblade.com or 419-724-6079. Five Filters featured article: Into the Abyss. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Property Tax/Rent Rebate Application Deadline Extended to End of Year Posted: 03 Jun 2010 07:00 AM PDT Message from Five Filters: If you can, please donate to the full-text RSS service so we can continue developing it.
School District Property Tax Bills to be Eliminated for 120,000 Senior Homeowners HARRISBURG, Pa., June 3 /PRNewswire-USNewswire/ -- The deadline to apply for Pennsylvania's Property Tax/Rent Rebate Program for older adults and residents with disabilities has been extended from June 30 to Dec. 31. "Property Tax/Rent Rebates, combined with general property tax relief from slots gaming, will completely eliminate school property taxes for about 120,000 residents this year," said Secretary of Revenue C. Daniel Hassell. "Governor Rendell is extending the rebate program deadline again this year because he wants to be sure everyone who is eligible has time to apply for the relief they're owed." The rebate program benefits eligible Pennsylvanians who are 65 and older; widows and widowers 50 and older; and people with disabilities 18 and older. A 2006 program expansion increased the income limit from $15,000 to $35,000 (which excludes half of Social Security income) for homeowners and raised the maximum standard rebate for homeowners and renters from $500 to $650. The income limit for renters is $15,000. The program expansion also provides for supplemental property tax rebates of up to $325 - on top of the standard rebates - to homeowners in Philadelphia, Pittsburgh and Scranton; and to those in other parts of the state who pay more than 15 percent of income on property taxes. As a result, the maximum rebate for those homeowners is $975. As of May 28, the Revenue Department had received more than 533,000 rebate applications. Nearly 600,000 older Pennsylvanians and residents with disabilities are expected to benefit from the program this year, as compared to 310,000 before the 2006 program expansion. As specified by law, rebates will begin to be distributed on July 1. After June 30, rebates will be distributed as claims are received and processed. Obtain Property Tax/Rent Rebate claim forms (PA-1000) and related information online at www.PaPropertyTaxRelief.com or by calling 1-888-222-9190. Forms and assistance also are available at Department of Revenue district offices (listed in the government section of phone directories), local Area Agencies on Aging, senior centers and state legislators' offices. Claimants who already applied for Property Tax/Rent Rebates may check the status of claims online at www.PaPropertyTaxRelief.com or by calling, toll-free, 1-888-PATAXES. The Property Tax/Rent Rebate Program is one of five programs supported by the Pennsylvania Lottery. Since the program's 1971 inception, more than $4.5 billion has been paid to eligible older adults and residents with disabilities. The expanded portion of the rebate program is paid for with revenue from slots gaming. Media contact: Stephanie Weyant, 717-787-6960 SOURCE Pennsylvania Department of Revenue Five Filters featured article: Into the Abyss. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| Property tax on new cars in question Posted: 02 Jun 2010 05:19 PM PDT Message from Five Filters: If you can, please donate to the full-text RSS service so we can continue developing it. CHESAPEAKE, Va. (WAVY) - If you think you are paying too much property tax for your car, read on. A WAVY.com investigation is shedding light on a taxation problem on new cars that do not have blue book values. The car has no value in the guide until after the first year. In that year, the commissioner of revenue offices use the sales price to figure the tax. Norbert Kindler noticed that his property tax bill is higher than it should be. He is so upset about it, he not only called WAVY-TV 10, but he also called a member of the Virginia General Assembly who cared enough to show up at his house. He said he was "Unfairly taxed for...the purchase of a vehicle that I did not pay that price for." Here are the car facts: Norbert Kindler bought a 2010 Lincoln at Freedom Lincoln Automotive.
But Kindler now has a personal property tax bill based on the higher price, not the lower price--the price actually paid. "If it's wrong, it's wrong. Fix it. Don't sweep it under the rug and hope it will go away," he said. The Chesapeake Commissioner of Revenue's office, who sent the bill, blamed the DMV. It is true that the DMV says it determines the sale price of a car: "...shall include any reduction in price shown on the invoice for a manufacturer's discount or dealer's price discount since they directly reduce the sale price from the dealer to the consumer. Sales and Use Tax (SUT) should not be collected on these price reductions or discounts." Kindler says that it's confusing and conflicting because the next paragraph reads: "The sale price shall not include any credit given by the dealer for a trade-in, rebate, unpaid lien or other unpaid claim against the vehicle. BUT should be collected on these credits." It is noted on the Buyer's Order from Freedom Lincoln Mercury that Kindler definitely received a rebate. Kindler was wondering what the difference between a manufacturer's discount and a rebate is. He says a manufacturer's discount is a rebate. Chesapeake Delegate John Cosgrove, R-78th District, agrees. "He didn't get a check for the rebate and spend it. He used the rebate to reduce the sales price of the car. He never saw that extra money. He never put it in his pocket or put it in the bank," said Cosgrove. The DMV that determines the tax cited the Virginia Code. DMV's Melanie Stokes wrote to WAVY.com and said, "DMV is required to record the price and collect sales and use tax of a vehicle before any type of rebate or discount. This is a Statutory requirement under Virginia Code Section 58.1-2402." Delegate Cosgrove calls it a bad law and says he is going to try and change it. "It's the way the law is. Just because we have been doing it that way doesn't make it right," he said. "There needs to be fairness in taxation as much as it possibly can. This is not fair the way it is now. I will have the bill drafted and it will go before the finance committee. I will use Mr. Kindler as an example." Delegate Cosgrove says he will submit a tax change bill in January when the General Assembly meets. Cosgrove says you should pay tax on what you paid, not on what you could have paid. Five Filters featured article: Into the Abyss. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
| City Council explores property-tax rate Posted: 02 Jun 2010 11:21 PM PDT Message from Five Filters: If you can, please donate to the full-text RSS service so we can continue developing it. Washington officials are targeting 50 cents per $100 valuation as the city's property-tax rate for the 2010-2011 fiscal year, which begins July 1. That target was agreed on during the council's budget meeting Tuesday. The new property-tax rate is scheduled to be set later this month when the City Council adopts the 2010-2011 budget. With a 4-1 vote, the council set the 50 cents per $100 valuation as its preferred property-tax rate. The city's current property-tax rate is 60 cents per $100 valuation. The new property-tax rate, when adopted, will reflect the change in values of real property (land and structures) in the city as a result of the recent revaluation of all properties in Beaufort County, including those in municipalities. After a revaluation, many counties and municipalities try to adjust their property-tax rates so they are revenue neutral, meaning the new tax rate when applied to the new property values generates the same amount of revenue as the previous tax rate and property values generated. Matt Rauschenbach, the city's chief financial officer, determined that the revenue-neutral tax rate for the city in the upcoming fiscal year would be 47.44 cents per $100 valuation. State law requires that after the city's budget officer calculates the revenue-neutral tax rate, then he or she increase that rate by a growth factor equal to the average annual percentage increase in the tax because caused by improvements since the last reappraisal. "This growth factor represents the expected percentage increase i the value of the tax base due to improvements during the next fiscal year," reads the law. Rauschenbach's calculations show that the revenue-neutral tax rate, adjusted for growth, comes to 48.56 cents per $100 valuation. The target property-tax rate of 50 cents per $100 valuation reflects city officials' concerns the city could see some of its revenue sources not generate as much revenue as expected. Mayor Pro Tempore Bobby Roberson expressed concern that the Beaufort County Board of Commissioners may change the way it distributes sales-tax income to the municipalities in the county. That change could result in those municipalities receiving less in sales-tax revenues. Also, actions by the General Assembly, now in session, could result in other revenue declines for local governments, city officials said. Five Filters featured article: Into the Abyss. Available tools: PDF Newspaper, Full Text RSS, Term Extraction. |
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