Property Taxes, Do We Have a Choice?

Property taxes are determined by what a property is used for on January 1, market conditions at the time and ownership of property on that date. Property taxes can increase from one year to the next for various reasons. Property taxes have been with us since colonial times when a person’s wealth could be measured in the amount of property a person owned.

Florida law makes taxpayers responsible for knowing that their property taxes are due each year. Voters have rejected higher property taxes time and again, but the politicians keep trying. As property taxes rise by billions a year, these increases will be passed on in the form of higher rents for tenants – including small local businesses like gas stations, dry cleaners, coffee shops, family-owned restaurants, and auto repair shops.

Many people pay property taxes in the tax year and claim there taxes as a tax deduction on their income taxes for that year. For example, the year 2007, you receive your tax bill in December and pay the tax immediately. You can then use the taxes as a deduction on your federal income tax. If your wait until January of 2008, you will have to claim the property taxes for 2008.

There are different reasons for paying your taxes right away, every situation is different. There may be reasons for waiting until the following year. Deciding when to pay your taxes may be determined by giving consideration to your current tax situation and liability.
If you are in a higher tax bracket in 2008 than you are in 2007, you may want to wait and pay your property taxes in January of 2008. This will help lower your total tax liability in 2008. If you are in a higher tax bracket for 2007 and expect to drop into a lower tax bracket in 2008.

You may wish to pay your property taxes in December of 2007 so you can claim it on your income taxes to reduce the tax liability for 2007. Other reasons to wait or pay your taxes may also include other deductions you may or may not have in a given year.
Everyone has different circumstances for needing to pay property taxes in a given year. If you usually pay your property taxes with an income tax return, you need to make sure that you receive the money before the deadline established by your community.

If you fail to pay the taxes on time, you will face a penalty and some interest charges. This is so even if you miss it by one or two days. It is always wise to have an escrow account either established by your mortgage lender or one you have yourself in the bank.

When you pay your taxes you should make sure to receive a receipt. This is needed for your tax records as well as showing proof of payment if the community would ever say you still owe money on your taxes After paying your property tax bill, you can then claim it on that year’s tax return.

Now, this may be different for every state, therefore you need to read your homestead form very closely. Some states may require that the property tax is paid and some may not require proof of payment. The purpose of the Real Tax Estimator is to provide an estimate of real property taxes based upon the information you enter; including Homestead Exemption and the Homestead Assessment Difference calculations, if applicable.

The issue of our property taxes has obviously lost momentum. Currently, the 40 percent of homeowners at the lower end of the income scale pay more than 6 percent of their income on average in taxes more than twice the percentage that the wealthiest homeowners pay.

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Real Estate License

I should point out that in real life, buyers hardly enter into signed agreements with real estate agents.

Most buyers and sellers use the Internet at some point to accomplish real estate research. He same expertise that your clients seek out when they want to plan a savings account for their child”s education, formulate a retirement plan, or protect the value of their estate.

Estate protect

Many home buyers are not abundantly educated about the coverage needed to protect a home or real estate investment. Estate planning consists of assorted actions, with almost all having three primary and oh-so-important purposes: to protect your privacy, to reduce taxes, and to make probate simple for your heirs. When you invest in real estate it is essential that you understand the types of insurance coverage that will best protect your property. We need to brief ourselves in order to protect our clients and our industry against the persistent attacks and ever-changing tactics of real estate con artists.

Estate taxes

If your parents have an estate great enough to be concerned with estate taxes, then they probably won’t want to give up that annual exclusion because it would ask for that they use up that much more of their unified credit against estate and gift taxes. The client may also need to do some additional estate planning to meet other important objectives: “Avoiding probate” Reducing or eliminating estate shrinkage” Providing sufficient liquidity to cover estate settlement costs” Minimizing federal estate taxes and state death taxes” Providing for the orderly disposition of a business or professional practice”

Maintaining the family”s lifestyle and meeting other financial security objectives,To avert making mistakes, people need professional advice from a qualified attorney, trust officer, accountant or other financial advisors. Estate planning consists of many actions, with almost all having three primary and oh-so-important purposes: to protect your privacy, to reduce taxes, and to make probate simple for your heirs.

Estate planning consists of many actions, with almost all having three primary and oh-so-important purposes: to protect your privacy, to reduce taxes, and to make probate simple for your heirs. Over a period of time, your house will be transferred entirely to your son without any gift or estate taxes.

It is no secret that estate taxes can claim up to 55% of an estate that is taxable, which is no mystery why so many businesses fall into debt, become bankrupt, or are sold due to the death of the owner or partner.

Estate sales

Being an astounding sales person and entering the real estate market does not guarantee similar sales success. The second level of virtual real estate investing is buying up networks of content sites and focusing the traffic on profitable product lines, affiliate product sales, services of all kinds, and for advertising commissions. It is also important to the real estate and mortgage industries, as each sale earned could generate thousands of dollars in sales commissions.

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The Role of Marketing and Advertising Agencies in Business

An advertising or marketing agency is the third-party offering advertising and marketing services to organizations and businesses. They are the best source to acquire complete information about the market. With the help of various methods like culture knowledge, market research and modernized sales techniques, advertising agencies provide detail information about the current market scenario.

What services do advertising agencies offer?

The services of an advertising agency include creating gorgeous color schemes and logos that can drive consumers towards their client’s ads. Amongst the services, they also prepare brochures and slogans and create descriptive copies for the sales materials. Most advertising agencies use various media platforms for promoting their client’s organization and business. Magazine advertisements, TV commercials, websites, radio commercials, newspaper ads and infomercials are few of the media used for marketing.

Before marketing, the agencies must know about the services and products of their clients. This helps them to decide the demographic to promote the products and services to consumers. Together with outsourcing of product promotion services, businesses have now started outsourcing the marketing functions.

Marketing Agencies and Their Functionality

Often businesses are unable to decide how to market their services and products or what type of marketing will be effective for them. This is where the marketing agencies come to help. They work coherently with their client companies and offer them professional assistance to plan their marketing strategies. The primary aim of these agencies is to boost up the sales of their client company. They offer marketing strategies which would reach out to the largest number of prospective audiences.

Marketing agencies also do a lot of market research. They study about the sale points and demographics for supplementing their services across the market. Marketing agencies work together with the advertising agencies delivering them strategic inputs about the marketing ways, geographies, target audience and the market study. Hence, they both can promote a company in the true sense.

A company can drive its target audience and consumers with the help of these two agencies. These agencies make certain things like brand recalling and control over the market more effective for a business organization. The strategies of these agencies are highly efficient in establishing a company among its competitors. Companies can sway their consumers in a remarkable way. Now, it might be a costly affair to engage these agencies for a company but it is worth the investment it makes.

Both marketing and advertising agencies survey the market thoroughly which is not at possible for any business to do. They study the market and use varied tools to make a company and its business poplar in the market.

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Are Student Loans Still a Good Bet?

In the mid- and late-1960s, there was no doubt among U.S. public policy makers that the federal government should be encouraging more citizens to attend and graduate from college.

Bolstered by the success of the highly popular GI Bill, which paid college expenses for military veterans, federal student loans were hailed as a “GI Bill for all Americans.” These low-interest loans allowed students from modest means to attend college in numbers never before seen. The college graduation rate, which had hovered around 7 to 8 percent, steadily climbed to today’s rate of nearly 30 percent.

Backing the idea that higher education is nearly universally better than entering the workforce straight out of high school were statistics that showed that college graduates, on average, would benefit from as much as $1 million more in lifetime earnings than students who didn’t graduate with a post-secondary degree.

At the same time, however, the cost of a college education began to rise much faster than the rate of inflation, meaning that families began to have to devote more of their overall income to paying for college costs. With annual college tuition climbing into the tens of thousands of dollars, college expenses have outstripped even generous incomes, and students have had to turn increasingly to college loans to pay for their education.

Today, about two-thirds of college students take out student loans to help pay for their education. These students leave college with an average of $23,186 in school loan debt, according to

This figure is less than the average cost of a new car in 2010 ($29,217), and most new car loans are paid off in five to six years, with an interest rate comparable to the rates on federal education loans.

So why are so many people concerned about the cost of college loans?

Simply put, not all college loans are created equal.

Federal education loans are issued directly by the federal government and carry a fixed interest rate, along with flexible repayment terms and multiple options for postponing or reducing one’s monthly payments based on one’s financial circumstances. Federal college loans are generally low-cost, low-pressure loans.

Private education loans on the other hand, which are issued not by the government but by banks, credit unions, and other private-sector lenders, are variable-rate, credit-based loans that typically carry higher fees and rates than their federal counterparts. Private student loans also offer much fewer, if any options, for financially distressed borrowers to be able to postpone or reduce their payments.

One major difference between a new car loan and a student loan is the deferment period. With a car loan, payments on the principal begin immediately. A portion of every payment is used to reduce the balance owed.

In contrast, all federal education loans and many private education loans allow students to defer making any payments while they’re still in school. The repayment of the loan can be delayed for years while the student finishes school – with no delay of interest charges, however.

Except in the case of subsidized federal student loans – for which the government will cover the interest while a student is in school and which are awarded only to students who demonstrate the most financial need – interest begins to accumulate on college loans as soon as the loans are issued, even if a student is deferring payments.

This accumulation may take place over months or years, quietly running up the balance on a student’s school loan debt to alarmingly high levels.

Families concerned with accumulating excessive college loan debt can always decline to take on any school loans. Federal college loans awarded in a student’s financial aid package are always optional; students can turn these loans down if they have another financial resource and don’t want to take on the debt of school loans.

Students forgoing their available federal college loans at the beginning of the school year, however, may end up passing on this government money only to see their financial circumstances change unexpectedly mid-semester. In cases like these, students may be forced to turn to private student loans to bridge the financial gap.

A good strategy for college students is to first seek out college scholarships and grants and then maximize their available federal student loans before considering a private student loan. Private loans should be considered only as a last resort and only for financial emergencies that arise during the semester that other sources of financial aid can’t cover.

Students should develop a clear and detailed plan for how they’re going to pay their college expenses for each year they attend classes, especially if they plan to decline the federal school loans in their financial aid packages.

Having a backup plan in place to cover unexpected financial emergencies can also help reduce the need for student loans, as well as the overall cost of a college education.

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