City plans hearing on fiscal budget Sep 3, 2009
Proposed Ad Valorem Tax rate of. 065 per 100 dollar valuation. (Terrell Tribune, TX)
County Sets Hearings For Tax Rate, Budget Sep 3, 2009
After several months of internal discussion between department heads and the county court, Gillespie County Commissioners on Friday scheduled two public hearings on proposals for the ad valorem tax rate and budget for the 2009-2010 fiscal year ... The first hearing, planned for Sept. 10 at 5:15 p.m. in the county courtroom, will deal only with the ad valorem tax rate; a second meeting, scheduled for Sept. 15 at 5:15 p.m., will cover both the tax rate and county budget. (Fredericksburg Standard Radio Post, TX)
Eagle Lake council votes for pay raises Sep 2, 2009
Council also approved a 2009 proposed ad valorem tax rate during their regular meeting later that evening ... 84275 per 100 for the 2009-10 fiscal year budget for ad valorem taxes. (Columbus Colorado County Citizen, TX)
Office Depot cuts job goals Aug 17, 2009
The problems with the county award started this year, when Office Depot approached the county s property appraiser about calculating its ad valorem tax exemption, LaRocque-Baas said. Originally, the county thought the exemption could be taken off the entire value of the new headquarters, while disregarding the old headquarters in Delray Beach, but the property appraiser said the exemption could only apply to the difference in square footage between the two facilities. (South Florida Business Journal, FL)
LISD moving forward with freeport exemption Aug 14, 2009
The move would result in a temporary drop in ad valorem tax revenue for the district, but will hopefully produce more revenue in the future as businesses expand and new ones move in. Although trustees have supported the idea, they postponed making a decision, wanting to make sure companies would be willing to help the district recoup any funds lost by a temporary drop in revenue. (Cedar Park Hill Country News Weekender, TX)
OUR READERS SAY Aug 13, 2009
The current system relies on ad valorem tax assessments to spread the cost among non-exempt taxpayers ... Another view holds that far too many institutional entities, including churches, schools, and especially state and county government facilities are also exempt from ad valorem tax assessments ... The net result of the torturous procedure proposed by the city s consultant provides no increased revenue to the city; thus, its only advantage is to offer lower ad valorem taxes for middle and... (Bartow Polk County Democrat, FL)
Columbus explores water rate hike Aug 12, 2009
A possible ad valorem tax rate was not given but Columbus City Manager David Meisell did say in a later interview that while he hoped to keep the ad valorem rate flat, a water rate increase is likely. Currently the city charges 27 for every 10,000 gallons used with a 13 base charge included. (Columbus Colorado County Citizen, TX)
Another plus side to small businesses Aug 2, 2009
The COs are direct obligations of the city and are payable from a limited ad valorem tax levied on all taxable property in the city, and are secured further by a limited pledge (not to exceed $1,000 for the life of the COs) of net revenues of the city's solid waste system. Proceeds will finance various public improvements including public safety facilities, parks and recreation equipment, technology equipment, and land purchases for municipal facilities. (Fresno Bee)
Plano council approves multiple economic development contracts Jul 30, 2009
By relocating to Plano, each of the four companies will help generate additional local sales tax revenues and increase the ad valorem tax values to the city by bringing business and employees to the city, said Denise Tacke, city finance director. The city is always looking for different ways to have more economic benefits to its citizens and is always hoping to have significant growth, she said. (McKinney Courier-Gazette, TX)
County budget down $2.25M Jul 24, 2009
Williams said the revenue generated through ad valorem tax has been tracking downward and the value of the tax roll is also going down. He said the county will only receive $295,000 in projected interest, which is down from $1 million in interest last year. (Lake City Reporter, FL)
Chairman of business journals dies of bee sting Jul 20, 2009
He also advises clients as to the federal income tax aspects of corporate, partnership and individual tax matters ; tax controversies and tax litigation at the state and federal levels; and state and local tax matters, including sales tax, franchise tax, margin tax and ad valorem tax. Tony is an excellent addition to our growing corporate practice in Houston, said Allan J. Reich , Chair of Seyfarth Shaw's Corporate ce Practice Group. (Fresno Bee -- Business)
New owner of Trump Tower Tampa land: Colonial Bank Jul 19, 2009
2 million in principal, $276,000 in an ad valorem tax advance, $1. 4 million in interest and $161,000 in late charges, according to court documents. (Tampa Bay Business Journal, FL)
Half Moon Bay bonds offered to pay settlement Jul 16, 2009
The bonds constitute general obligations of the city, payable from a direct and continuing ad valorem tax on all taxable property in the city, within the limits prescribed by law. Bond proceeds will be used to fund construction of street improvements including the purchase of right-of-way, improvements to various parks within 00004000 the city, construction, renovations, and expansion of municipal buildings, and to pay issuance costs. (Fresno Bee -- State)
Make Yourself Official Jul 15, 2009
25 pays the basic fee, but you'll pay an ad valorem tax on top of that. Count on vehicles being assessed at 15% of market value but the tax is computed by multiplying the assessed value times the local mileage rate. (AL.com)
Looking back at 2006 month by month (3) Jul 12, 2009
The Cow Creek Groundwater Conservation District announced it would include a proposal for an ad valorem tax of one-half cent per 100 valuation that will affect all taxable property in the district including those without wells. Fire destroys Waring home. (Boerne Star, TX)
Reports scheduled for supervisors Jul 7, 2009
-- They will consider approval of ad valorem tax exemption for USG Interiors Inc. and Producers Rice Mill Inc.. Reader Comments. (Greenville Delta Democrat Times, MS)
4 go on trial for roles in Texas school fight club Jul 6, 2009
"Today's launch of ATrse reflects our commitment to make the investments necessary to bring consumers across Corpus Christi a new era of true video competition Texas juvenile jail sex assault case stalls again More than two years ago, a pair of former administrators at a remote West Texas juvenile prison were indicted on charges accusing them of sexually preying on teenage boys at the facility - a development hailed by the state's attorney general as a first step toward justice in a statewide... (Fresno Bee -- Local)
City officials brace for tight budget next year (114) Jun 18, 2009
At the City Council workshop last week, Financial Officer Sandy Mattick presented a third draft of the proposed 2009-10 city budget based on ad valorem tax revenue estimates with new properties adding an additional 375,000 to the levy, compared to the previous year. Mattick said a certified appraisal of total taxable property value will come from the Kendall Appraisal District after the protest period ends in July. (Boerne Star, TX)
Forest schools plan to work with $12.8m revenues Jun 18, 2009
17 percent, or 3,374,500, is proposed to be financed through a total ad valorem tax levy ... 19 percent or 3,349,500, of such revenue is obtained through ad valorem taxes. (Forest Scott County Times, MS)
County to send letter to governor-- Officials say changes in oil, gas calculations will impact property tax rolls Jun 17, 2009
The tax code dealing with appraisal methods is rife with legal jargon: The comptroller shall calculate the preceding calendar year actual statewide average prices for oil and gas and publish that information to be used for ad valorem tax appraisal purposes concurrently with the current calendar year statewide average prices for revenue estimating purposes. The price for the interest used in the second or a subsequent calendar year of the appraisal shall reflect the same percentage rate increase... (Brenham Banner, TX)
Officials handle jail, personnel issues May 28, 2009
An ad valorem tax exemption application for Koch Foods was approved. Two requests for school bus turnarounds were taken under advisement. (Forest Scott County Times, MS)
Selecting a Retirement Community in... May 24, 2009
An ad valorem tax is paid to the state or county and covers such things as car ports and porches. A noodle is a long, foam tube used for floating on in the swimming pool. (Suite101.com)
Ray Hubbard project planned May 23, 2009
It s significant in terms of ad valorem tax revenues and the sales tax components, but more importantly, the sense of community it will create. Rowlett City Center at Water s Edge could include about 700,000 square feet of retail space, 1. (Dallas Business Journal, TX)
Council finds solution to smelly soybeans situation May 21, 2009
-- An application for a 10-year ad valorem tax exemption for USG Interiors. -- Payment of 2,400 to WABG-TV for meth-awareness advertising. (Greenville Delta Democrat Times, MS)
Help Out IPSO May 6, 2009
TO Toconcerned wrote on May 1, 2009 9:48 PM:" The fact that you are LEAVING OUT is that the sheriff's department was already collecting the money from the ad valorem tax before the former sheriff entered into the law enforcement contract with the city. You are also leaving out the fact that the sheriff's department would CONTINUE to collect the ad valorem tax even if the sheriff's dept. was no longer contracted to provide law enforcement services for the city. Therefore any money collected from... (New Iberia, LA)
Abrupt Cagle exit sparks governor’s race scramble Apr 18, 2009
He has led an unsuccessful effort to eliminate the ad valorem tax on cars. Johnson is currently running to replace Cagle as lieutenant governor. (Athens Banner-Herald)
Debate rages on Prop 2 impact Apr 18, 2009
It s unlikely that it would have happened, certainly in its current format, which is gathering as much density, putting as much ad valorem tax value on the ground as we did, and generating as much retail sales tax. The City of Dallas will collect about $3. (Dallas Business Journal, TX)
Clements re-elected, charter approved Apr 9, 2009
The biggest challenge the city will face, he predicted, is making up for the loss of ad valorem tax revenue from devalued real estate. Short term, his biggest goal: I hope we can get the landfill agreement signed, sealed, and delivered. (Bartow Polk County Democrat, FL)
Date Set for Jail Election: Voters to decide fate of new jail, property tax on June 9 Apr 9, 2009
The jail proposal had originally included two tax proposals, one for an ad valorem tax increase and another that would have resulted in a half-penny sales tax increase, but movement toward a proposed 18 ... For the revised plan, an ad valorem tax will not be sought ... And we ve reduced the costs of financing in every respect, totally eliminating the ad valorem tax component. (Bartlesville Examiner-Enterprise, OK)
Time for commissioners to lead Apr 8, 2009
As in previous forums, two issues lead to unanimous conclusions, (1) continuing to push for more annexation and residential development could bankrupt the city and (2) without a strong business base to broaden our ad valorem tax base, we are doomed to be a town unable to grown because of lack of revenue. This was the message repeated over and over by all candidates at every forum. (Lake Wales News, FL)
Editorial: Good news, bad news on Open Records Act Apr 7, 2009
In the months prior to the 2008 legislative session, Richardson unveiled what he called the Georgia's Repeal of Every Ad valorem Tax plan, a proposal to replace property taxes with a statewide sales tax. The problem was, the so-called GREAT Plan morphed from one thing to another as Richardson touted it across the state in the months prior to the legislative session, and ultimately nothing came of it. (Athens Banner-Herald)
What do you think of proposed new car fee? Apr 1, 2009
He continues: House Bill 480, which eliminates the birthday tax, would instead substitute the annual ad valorem tax and sales tax at point of sale for a one-time fee on all vehicles whether the purchase of a new vehicle or a fee when owners transfer a title in a personal sale ... If we are going to eliminate ad valorem taxes, do so with no cap on the amount of the initial purchase tax, and set the percentage accordingly ... Yes, if you can afford a Land Rover, you can afford to pay (or... (Atlanta Journal-Constitution -- Opinion)
Teacher jobs safe? Mar 26, 2009
Both county and city schools have made up the difference by using reserve funds, with most of that money accumulated through local ad valorem tax revenue. If it hadn t been for the citizens of this county passing those taxes, we would be in trouble, Hines said. (Brewton Standard, AL)
READERS WRITE Mar 20, 2009
So the Georgia Legislature is considering replacing the ad valorem tax on autos with a one-time sales tax of 7 percent, capped at no more than $2,000 ... With the proposed taxation plan, I would have had to pay a 7 percent title tax of $1,960 with no additional ad valorem tax ... Through 2009 the ad valorem tax on this car has been $345 and will decline each year I own the vehicle. (Atlanta Journal-Constitution -- Opinion)
Two Houston real estate vets form new venture Mar 20, 2009
The new company will provide valuation and counseling services to clients for traditional appraisal projects, including lending, estate tax planning, ad valorem tax, bankruptcy and foreclosure. Deal Sikes & Associates will also provide counseling to clients poised for buying opportunities and to lenders seeking recommendations concerning asset management and disposition. (Houston Business Journal, TX)
Resident Group Responds: Neighbors for Justice chair addresses dropped lawsuit Mar 18, 2009
Voters later shot down two jail ballot propositions one for an ad valorem tax increase and another that would have resulted in a half-penny sales tax increase that effectively said no to the proposed 18 million public safety facility. . (Bartlesville Examiner-Enterprise, OK)
State's car-fee bill makes little sense Mar 18, 2009
The bill would eliminate automobiles' yearly ad valorem tax that is due on the owner's birthday, and replace it with a one-time title fee of 7 percent of the vehicle's purchase price, not to exceed $2,000. It seems to me that the lump-sum $2,000 tax should really slow down auto sales. (The Augusta Chronicle)
Commissioners hear grant applications Mar 18, 2009
Williamson pointed out to the board that the local share comes from transportation funds and no ad valorem tax dollars are used. With no comments from members of the public in attendance, Commissioner Nate Hall asked about the possibility of CDOT organizing trips to Piedmont Community College for county residents who are interested in attending, but require transportation. (Yanceyville Caswell Messenger, NC)
House GOP is now getting it right Mar 17, 2009
When we take the ad valorem tax off of our automobiles, said ONeal, I can actually own my own car without the government having the first lien on it ... Georgians will continue paying the ad valorem tax until they register another new or used vehicle. (Atlanta Journal-Constitution -- Opinion)
Three Plano council incumbents prepare to say farewell Mar 17, 2009
Evans is also proud to have been a part of the council when it made the decision to dedicate 2 cents from the ad valorem tax rate for economic development in 2006. The decisions subsequently helped create nearly 5,000 jobs in the city. (McKinney Courier-Gazette, TX)
Neighbors Drop Lawsuit: Suit filed in connection with jail site zoning dismissed Mar 14, 2009
Voters later shot down two jail ballot propositions one for an ad valorem tax increase and another that would have resulted in a half-penny sales tax increase that effectively said no to the proposed 18 million public safety facility. Representatives of Neighbors for Justice could not immediately be reached for comment. (Bartlesville Examiner-Enterprise, OK)
Voters reject funding for new Washington County Jail (3) Mar 13, 2009
Voters shot down both jail ballot propositions one for an ad valorem tax increase and another that would have resulted in a half-penny sales tax increase effectively saying No to a proposed 18 million public safety facility. The proposition for the ad valorem sales tax increase which required 60 percent approval to pass drew just 50. (Bartlesville Examiner-Enterprise, OK)
Capitol Roundup Mar 13, 2009
5 million ad valorem tax on inventory that critics say has forced businesses to shift distribution centers outside the state. House Republicans pushed through a measure by a 96-66 vote that creates a legal mechanism for the adoption of embryos despite critics who worried it would have a chilling effect. (Athens Banner-Herald)
First on WSFA 12 News: Montgomery cuts already struggling budget Mar 10, 2009
He cites Ad Valorem tax, rental tax and license fees as bright spots. He thinks increases from those sources could keep the city's budget on par and possibly even add to the empty city reserve fund. (WSJA.com, AL)
PostOnPolitics blog Mar 8, 2009
Their latest projections estimate Florida s ad valorem tax collections will be down by $800 million this year, nearly a 12 percent decline. Gov. Charlie Crist s budget chief Jerry McDaniel said that the new numbers, released late yesterday evening, won t have an impact on Crist s proposed spending plan that includes $7,044 per student. (The Palm Beach Post)
Alva School Board hears clean audit report Mar 4, 2009
Most propose lowering ad valorem tax caps from the current 5 percent to 2 ... I realize we homeowners don t like taxes, but if you want services provided by ad valorem taxes, then you can t choke it off. (Alva Review Courier, OK)
Bracing for proration Mar 2, 2009
What I want you to understand is that probably 90 percent of our ad valorem tax is in at this point, so our fund balance this month, our revenues were much more than our expenses, Madden said. As we see the year progress, that will reverse itself because we have a majority of the ad valorem taxes in now and because we will start getting prorated foundation allocations from this point forward. (Atmore Advance, AL)
Nipomo weighs options for funding deficit on project Feb 21, 2009
n Ad valorem tax Increase property tax assessments by ... Ad valorem tax Property tax hike of 0. (Santa Maria Times)
The clock is ticking Feb 15, 2009
Another House resolution floats the idea of a constitutional amendment that would dedicate revenue from ad valorem tax to the purpose of funding trauma care. Some of those bills, though, may face tough sledding in the Senate, where Lt. Gov Casey Cagle takes a dim view of new taxes or fees. (The Augusta Chronicle)
More of this story Feb 11, 2009
Only increases in ad valorem tax revenues generated within the boundaries of the district, from the operation of the hotel and conference center, will be used in providing development financing assistance to the company. There will be no increase in ad valorem rates for taxes currently levied within the district and furthermore there will be no new taxes imposed as part of this plan, he said. (Bartlesville Examiner-Enterprise, OK)
Committee to look at new school Feb 8, 2009
This committee would examine and provide data showing what a half-cent sales tax or an ad valorem tax would mean for the city of Madison. It is the mayor s vision that the committee would show what effect these options would have on everyone in Madison, from the residents to the retailers to the school system. (Madison County Record, AL)
