Dear SWCC Member,
The Walton County Taxpayers Association (WCTA) will hold its 2007 annual meeting at 7:00 p.m. on Wednesday, January 31, 2007. The meeting will be held at the Coastal Branch Library located in the Walton County Government/Education Center, Highway 331 South, Santa Rosa Beach, Florida. You are invited to attend. There will be a short business meeting and a very timely and informative program. Here is a description of the program provided to me by the WCTA.
Our featured guest speaker at the 2007 annual meeting is Walton County Property Appraiser Patrick Pilcher. This is a timely program since appraisals are done each January and homestead exemptions must be filed by March 1.
Residential property which qualifies for homestead exemption enjoys a 3% annual cap on property appraisal increases, as a result of the ?Save Our Homes? amendment approved by Florida voters in 1992.
Property taxes are based on property value; your tax bill is the result of the coordinated efforts of county taxing authorities and officials:
1) Property appraiser determines the market value of property; this value is the taxable value.
2) County commissioners determine tax rate and levy the tax.
3) Tax Collector sends tax notice and collects tax.
We have asked Mr. Pilcher to address some of the questions asked by WCTA members: how often is my property appraised; how is the value of my property determined; will my property appraisal be reduced if surrounding property values decline.
Additionally, Mr. Pilcher will discuss your right to meet with the property appraiser to discuss your concerns and the documentation you will need to support your case; your right to request facts supporting your property assessment; your right to petition the local value adjustment board to review your assessment; and, your right to go to circuit court to review a tax assessment or to appeal a decision to deny tax deferral or exemptions.
The discussion will include when to file a homestead exemption and filing homestead exemptions appropriately.
If time allows, additional questions will be taken at the meeting. Please plan to attend this very informative meeting on January 31.
SallySallyBeach Fanatic654 postsJoined View profileMessageBeach Fanatic
SallyBeach Fanatic654 postsJoined View profileMessageBeach Fanatic5,093 views
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SHELLYSHELLYSoWal Insider5,763 postsJoined View profileMessageSoWal Insider
SHELLYSoWal Insider5,763 postsJoined View profileMessageSoWal InsiderWill investors with properties to unload want the properties reapprasied down to save on taxes...OR...opt to keep the appraisals high and continue to pay the higher taxes :blink:
MangoMangoSoWal InsiderNew York/ Santa Rosa Beach9,699 postsJoined View profileMessageSoWal Insider
MangoSoWal InsiderNew York/ Santa Rosa Beach9,699 postsJoined View profileMessageSoWal InsiderWill investors with properties to unload want the properties reapprasied down to save on taxes...OR...opt to keep the appraisals high and continue to pay the higher taxes :blink:
No silly........word is investors will ask that their property descriptions be changed from residential or NPA/Infill to Brothel/or Distillery and request an increase in sales tax to 9% so that everyone can get a lower assessment. :twisted:
Edited
full timefull timeBeach Fanatic726 postsJoined View profileMessageBeach Fanatic
"Will investors with properties to unload want the properties reapprasied down to save on taxes...OR...opt to keep the appraisals high and continue to pay the higher taxes"
Very profound. Please tell next how to sign up with Ameritrade.
Very profound. Please tell next how to sign up with Ameritrade.
BobBobSoWal InsiderO'Wal10,368 postsJoined View profileMessageSoWal Insider
BobSoWal InsiderO'Wal10,368 postsJoined View profileMessageSoWal Insider"Will investors with properties to unload want the properties reapprasied down to save on taxes...OR...opt to keep the appraisals high and continue to pay the higher taxes"Perfect!
Very profound. Please tell next how to sign up with Ameritrade.
TooFarTampaTooFarTampaSoWal InsiderNative of Tampa now in Boston 'burbs. Left my hear5,422 postsJoined View profileMessageSoWal Insider
TooFarTampaSoWal InsiderNative of Tampa now in Boston 'burbs. Left my hear5,422 postsJoined View profileMessageSoWal InsiderSilly SHELLY :roll: The only people who can do anything about it (members of the Legislature, who are being chased by Charlie Crist with a cattle prod) are talking less about lowering assessments and more about capping millage rates and the amount of money governments can spend. :popcorn:
Where has all that money gone, anyway?:idontno:
Where has all that money gone, anyway?:idontno:
SHELLYSHELLYSoWal Insider5,763 postsJoined View profileMessageSoWal Insider
SHELLYSoWal Insider5,763 postsJoined View profileMessageSoWal Insider"Will investors with properties to unload want the properties reapprasied down to save on taxes...OR...opt to keep the appraisals high and continue to pay the higher taxes"
Very profound. Please tell next how to sign up with Ameritrade.
Very Profound Indeed:
Business Week Ameritrade Article excerpt (April 2000)
"Though tech stocks -- and for that matter, blue chips -- have taken a beating recently, analysts remain convinced that Ameritrade will come back fighting. After all, the market isn't dead, and individual investors won't stop trading. Moreover, experts think online brokers will continue to gain market share as investors turn to the convenience and lower costs of trading via the Net. "Online investing is so much easier, there's so much information available, and it costs less," says Scott Appleby, an analyst with Robertson Stephens. "That's why it's so successful." And Appleby thinks that in the second quarter, Ameritrade "distanced itself from the pack." "
TOM-a-TOE....ta-MAH-TOE
:cool:
Edited
SHELLYSHELLYSoWal Insider5,763 postsJoined View profileMessageSoWal Insider
SHELLYSoWal Insider5,763 postsJoined View profileMessageSoWal InsiderThe only people who can do anything about it are talking less about lowering assessments and more about capping millage rates and the amount of money governments can spend.
Talkin' and Spendin' are on opposite ends of spectrum.
:floor:
full timefull timeBeach Fanatic726 postsJoined View profileMessageBeach Fanatic
Very Profound Indeed:
Business Week Ameritrade Article excerpt (April 2000)
"Though tech stocks -- and for that matter, blue chips -- have taken a beating recently, analysts remain convinced that Ameritrade will come back fighting. After all, the market isn't dead, and individual investors won't stop trading. Moreover, experts think online brokers will continue to gain market share as investors turn to the convenience and lower costs of trading via the Net. "Online investing is so much easier, there's so much information available, and it costs less," says Scott Appleby, an analyst with Robertson Stephens. "That's why it's so successful." And Appleby thinks that in the second quarter, Ameritrade "distanced itself from the pack." "
Real estate and a pancake - bong and Ameritrade? I see there's no pleasing you Shelly. Perhaps you should return to your roots.
www.amway.com/
Business Week Ameritrade Article excerpt (April 2000)
"Though tech stocks -- and for that matter, blue chips -- have taken a beating recently, analysts remain convinced that Ameritrade will come back fighting. After all, the market isn't dead, and individual investors won't stop trading. Moreover, experts think online brokers will continue to gain market share as investors turn to the convenience and lower costs of trading via the Net. "Online investing is so much easier, there's so much information available, and it costs less," says Scott Appleby, an analyst with Robertson Stephens. "That's why it's so successful." And Appleby thinks that in the second quarter, Ameritrade "distanced itself from the pack." "
Real estate and a pancake - bong and Ameritrade? I see there's no pleasing you Shelly. Perhaps you should return to your roots.
www.amway.com/
SHELLYSHELLYSoWal Insider5,763 postsJoined View profileMessageSoWal Insider
SHELLYSoWal Insider5,763 postsJoined View profileMessageSoWal InsiderReal estate and a pancake - bong and Ameritrade? I see there's no pleasing you Shelly.
Real Estate isn't a "pancake" it's a Souffle':...the director of the University of the Pacific's Business Forecasting Center has referred to the prolonged housing boom as a souffl?. "Like the souffl?, once any ingredient goes away, the souffl? deflates said center director Sean Snaith.
BobBobSoWal InsiderO'Wal10,368 postsJoined View profileMessageSoWal Insider
BobSoWal InsiderO'Wal10,368 postsJoined View profileMessageSoWal InsiderSilly SHELLY :roll: The only people who can do anything about it (members of the Legislature, who are being chased by Charlie Crist with a cattle prod) are talking less about lowering assessments and more about capping millage rates and the amount of money governments can spend. :popcorn:I once read that the Florida Retirement Fund lost over 350 million buying Enron stock. Everything after that revelation is easy to fathom.
Where has all that money gone, anyway?:idontno:
SHELLYSHELLYSoWal Insider5,763 postsJoined View profileMessageSoWal Insider
SHELLYSoWal Insider5,763 postsJoined View profileMessageSoWal InsiderI once read that the Florida Retirement Fund lost over 350 million buying Enron stock. Everything after that revelation is easy to fathom.
Yeah, those idiots put far too many of their eggs in one basket....same can happen to any investor who overloads on one stock or a single asset class <cough: Real Estate>.
beachmousebeachmouseBeach FanaticBluewater Bay, FL3,499 postsJoined View profileMessageBeach Fanatic
beachmouseBeach FanaticBluewater Bay, FL3,499 postsJoined View profileMessageBeach FanaticI once read that the Florida Retirement Fund lost over 350 million buying Enron stock. Everything after that revelation is easy to fathom.
Though despite that blunder, FRS is actually the only financially solvent state pension system in the country. The other 50 are moderately to horribly underfunded and will be in trouble when the Boomers start to retire.
It's a nice plan to have considering how little most state/local government jobs pay down here.
flyforfunflyforfunBeach FanaticBirmingham, Al311 postsJoined View profileMessageBeach Fanatic
flyforfunBeach FanaticBirmingham, Al311 postsJoined View profileMessageBeach FanaticNo silly........word is investors will ask that their property descriptions be changed from residential or NPA/Infill to Brothel/or Distillery and request an increase in sales tax to 9% so that everyone can get a lower assessment. :twisted:
Now that is a great idea! I will vote for that! :rolling:
flyforfunflyforfunBeach FanaticBirmingham, Al311 postsJoined View profileMessageBeach Fanatic
flyforfunBeach FanaticBirmingham, Al311 postsJoined View profileMessageBeach FanaticVery Profound Indeed:
Business Week Ameritrade Article excerpt (April 2000)
www.amway.com/http://www.amway.com/
Now that is funny!!!!! :floor:
flyforfunflyforfunBeach FanaticBirmingham, Al311 postsJoined View profileMessageBeach Fanatic
flyforfunBeach FanaticBirmingham, Al311 postsJoined View profileMessageBeach FanaticVery Profound Indeed:
Business Week Ameritrade Article excerpt (April 2000)
"Though tech stocks -- and for that matter, blue chips -- have taken a beating recently, analysts remain convinced that Ameritrade will come back fighting. After all, the market isn't dead, and individual investors won't stop trading. Moreover, experts think online brokers will continue to gain market share as investors turn to the convenience and lower costs of trading via the Net. "Online investing is so much easier, there's so much information available, and it costs less," says Scott Appleby, an analyst with Robertson Stephens. "That's why it's so successful." And Appleby thinks that in the second quarter, Ameritrade "distanced itself from the pack." "
TOM-a-TOE....ta-MAH-TOE
:cool:
What a joke! :nono1: Unless you have a h*** of alot of experience and good information, you are going to be burned with online trading. More people have lost their nesteggs doing this, than any other vehicle. With all the crooked companies cooking the books small investors don't have a chance.
flyforfunflyforfunBeach FanaticBirmingham, Al311 postsJoined View profileMessageBeach Fanatic
flyforfunBeach FanaticBirmingham, Al311 postsJoined View profileMessageBeach FanaticThough despite that blunder, FRS is actually the only financially solvent state pension system in the country. The other 50 are moderately to horribly underfunded and will be in trouble when the Boomers start to retire.
It's a nice plan to have considering how little most state/local government jobs pay down here.
Yea, Alabama invested heavy in Healthsouth, and look what it got them? Another bunch of crooks "cooking the books" and a get out of jail card free thanks to our fantastic legal system and a Bush appointed judge!:pissed:
flyforfunflyforfunBeach FanaticBirmingham, Al311 postsJoined View profileMessageBeach Fanatic
flyforfunBeach FanaticBirmingham, Al311 postsJoined View profileMessageBeach FanaticI once read that the Florida Retirement Fund lost over 350 million buying Enron stock. Everything after that revelation is easy to fathom.
Enron, another great stock, where folks were "cooking the books" cost me 150K! If I had invested that money in property, at least I would have some sand to sit on than worthless paper! A few guys got to go to federal country clubs....while big and small investors got burned!
SHELLYSHELLYSoWal Insider5,763 postsJoined View profileMessageSoWal Insider
SHELLYSoWal Insider5,763 postsJoined View profileMessageSoWal InsiderEnron, another great stock, where folks were "cooking the books" cost me 150K!
The employees at Enron really got the shaft (losing both their retirement and their jobs). In the 1990s many thought diversifying their portfolios was "old world." In the end, a good deal of what was lost was "unrealized paper gain-losses" in Enron. I watched that thing run up, collapse and then watched a bunch of speculators load up on stock when it was in Bankruptcy (!) even though the company continuously put out copy telling the current shareholders they would get "nothing." (Same deal with Worldcom.) Go figure :idontno:
It's a good bet that a large number of folks who were burnt by the stock market turned to buying up pre-construction condos in 2005 since it was "understandable and low risk." Some people never learn.
.
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fisherfisherBeach Fanatic822 postsJoined View profileMessageBeach Fanatic
It's a good bet that a large number of folks who were burnt by the stock market turned to buying up pre-construction condos in 2005 since it was "understandable and low risk." Some people never learn.
Yes, but remember that most of the average Joe's that bought the Enron stock paid 100% cash for the stock so they only lost 100% of their principal. Many of the RE investors that bought numerous properties at the peak did so by putting down only 10 to 30% and financing the rest. With prices down 40 to 50%, they have lost their principal plus a whole lot more.
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