- The document discusses Florida statutes 193.1554 and 193.1555, which place an annual 10% assessment cap on increases in assessed value for non-homestead residential properties with 9 units or less and other types of properties respectively.
- It examines different situations that result in the reset of the 10% cap, such as changes of ownership or control, property splits and joins, and improvements increasing just value by 25% or more.
- There is debate around whether different treatment of properties under the statutes is constitutional and around implementation challenges for property appraisers.
The document summarizes key provisions of the Tenant Protection Act of 2019 (AB 1482) in California. It discusses the new rent cap that limits annual rent increases to 5% plus the cost of living (CPI), and the just cause requirements for terminating tenancies of 12 months or more. It provides exemptions for new construction and some single-family homes if notice is provided to tenants. The summary also outlines the different categories for just cause terminations, including the relocation benefits required for no-fault terminations.
This document summarizes key provisions of the Tenant Protection Act of 2019 (AB 1482) in California, including a rent cap and just cause eviction requirements. It discusses:
- A rent cap that limits annual rent increases to 5% plus the cost of living adjustment, with exemptions for newer housing and some single-family homes.
- A just cause requirement for evictions after 12 months of tenancy, including no-fault reasons like owner move-in that require relocation benefits.
- Proper notice and documentation requirements, and consequences for noncompliance like an invalidated eviction notice.
- Frequently asked questions about calculating the rent cap percentage, defining substantial remodeling, and
Proposition 117 implemented changes to how property taxes are calculated in Arizona beginning with the 2015 tax year. It limits the annual increase in a property's limited property value (LPV) to 5% subject to certain exceptions. A property that is modified, has a change in use, is newly constructed or is split may have its LPV reset based on a percentage of the full cash value rather than a 5% increase. This can significantly increase taxes compared to a property where LPV increases only 5% annually. It is important for property owners to be aware of potential Proposition 117 exceptions and their tax implications. Consulting a property tax attorney or adviser can help anticipate issues and potentially reduce taxes.
This document summarizes the key tax implications landlords need to be aware of, including income tax, capital gains tax, and inheritance tax. It outlines the rental income landlords must declare and expenses they can deduct. Profit from rental properties is taxed as income. When selling a rental property, capital gains tax applies to any increase in property value over time. Landlords must also consider how rental properties factor into inheritance tax. Proper record keeping of rental income, expenses, purchases and improvements is important for tax reporting.
Principal residence defined. A principal residence is your
main home, which is the home where you ordinarily live
most of the time. You can have only one main home at any
one time.
Proposition 117 introduced changes to how property taxes are calculated in Arizona beginning with the 2015 tax year. It limits the annual increase in Limited Property Value (LPV), which is a component of property valuation, to 5% subject to certain exceptions. These exceptions include property that was omitted, changed use, or was modified, split or consolidated. If an exception applies, the LPV is reset using a percentage of the Full Cash Value called the Rule B factor rather than the 5% cap. This can significantly increase taxes, as shown in examples where an office building split or new apartments triggered exceptions versus a property with only a 5% LPV increase. Maintaining accurate property valuations and being aware of potential exceptions is important for tax
The document summarizes recent state and local tax developments in several southeastern states. It discusses legislation and court cases related to topics like corporate income tax rates, sales tax base expansion, tax incentives, fuel taxes, and the taxation of online travel companies. Key states covered include Alabama, Florida, Georgia, North Carolina.
This document provides an overview of income from house property under the Indian Income Tax Act. It defines income from house property as the annual value of any buildings or lands owned by the assessee. It discusses the conditions for a property to be taxed under this head, deductions allowed from annual value, ownership and deemed ownership, exempted property incomes, and special provisions for co-owned properties.
The document summarizes key provisions of the Tenant Protection Act of 2019 (AB 1482) in California. It discusses the new rent cap that limits annual rent increases to 5% plus the cost of living (CPI), and the just cause requirements for terminating tenancies of 12 months or more. It provides exemptions for new construction and some single-family homes if notice is provided to tenants. The summary also outlines the different categories for just cause terminations, including the relocation benefits required for no-fault terminations.
This document summarizes key provisions of the Tenant Protection Act of 2019 (AB 1482) in California, including a rent cap and just cause eviction requirements. It discusses:
- A rent cap that limits annual rent increases to 5% plus the cost of living adjustment, with exemptions for newer housing and some single-family homes.
- A just cause requirement for evictions after 12 months of tenancy, including no-fault reasons like owner move-in that require relocation benefits.
- Proper notice and documentation requirements, and consequences for noncompliance like an invalidated eviction notice.
- Frequently asked questions about calculating the rent cap percentage, defining substantial remodeling, and
Proposition 117 implemented changes to how property taxes are calculated in Arizona beginning with the 2015 tax year. It limits the annual increase in a property's limited property value (LPV) to 5% subject to certain exceptions. A property that is modified, has a change in use, is newly constructed or is split may have its LPV reset based on a percentage of the full cash value rather than a 5% increase. This can significantly increase taxes compared to a property where LPV increases only 5% annually. It is important for property owners to be aware of potential Proposition 117 exceptions and their tax implications. Consulting a property tax attorney or adviser can help anticipate issues and potentially reduce taxes.
This document summarizes the key tax implications landlords need to be aware of, including income tax, capital gains tax, and inheritance tax. It outlines the rental income landlords must declare and expenses they can deduct. Profit from rental properties is taxed as income. When selling a rental property, capital gains tax applies to any increase in property value over time. Landlords must also consider how rental properties factor into inheritance tax. Proper record keeping of rental income, expenses, purchases and improvements is important for tax reporting.
Principal residence defined. A principal residence is your
main home, which is the home where you ordinarily live
most of the time. You can have only one main home at any
one time.
Proposition 117 introduced changes to how property taxes are calculated in Arizona beginning with the 2015 tax year. It limits the annual increase in Limited Property Value (LPV), which is a component of property valuation, to 5% subject to certain exceptions. These exceptions include property that was omitted, changed use, or was modified, split or consolidated. If an exception applies, the LPV is reset using a percentage of the Full Cash Value called the Rule B factor rather than the 5% cap. This can significantly increase taxes, as shown in examples where an office building split or new apartments triggered exceptions versus a property with only a 5% LPV increase. Maintaining accurate property valuations and being aware of potential exceptions is important for tax
The document summarizes recent state and local tax developments in several southeastern states. It discusses legislation and court cases related to topics like corporate income tax rates, sales tax base expansion, tax incentives, fuel taxes, and the taxation of online travel companies. Key states covered include Alabama, Florida, Georgia, North Carolina.
This document provides an overview of income from house property under the Indian Income Tax Act. It defines income from house property as the annual value of any buildings or lands owned by the assessee. It discusses the conditions for a property to be taxed under this head, deductions allowed from annual value, ownership and deemed ownership, exempted property incomes, and special provisions for co-owned properties.
The document provides an overview and updates on various tax topics for farmers, including depreciation, deferred grain contracts, prepaid farm expenses, taxation of easements, CRP and self-employment tax, federal tax estimates, and farm income averaging. It discusses changes to bonus depreciation and section 179 expensing and strategies for planning under uncertainty. It also reviews the tax treatment of various payments and provides examples and tips related to implementing different tax strategies.
1) There are 5 heads of income under the Indian Income Tax Act: income from salary, house property, business or profession, capital gains, and other sources.
2) Computation of taxable income involves determining residential status, classifying income, aggregating, applying clubbing provisions, deducting losses, exemptions, and rebates to calculate total tax payable.
3) Income from salary includes wages, pension, gratuity, fees, commissions, perquisites, and advances. Certain allowances like conveyance, education, transport, and house rent are fully or partially exempted.
4) Income from house property is based on annual value, which is the expected rent (municip
A property tax or millage rate is an ad valorem tax on the value of a property, usually levied on real estate. The tax is levied by the governing authority of the jurisdiction in which the property is located. This can be a national government, a federated state, a county or geographical region or a municipality.
This document discusses income from house property under section 22 of the Indian Income Tax Act. It defines annual value, deemed ownership, gross annual value, deductions allowed from house property income like interest on borrowed capital, and provides examples of practice sums to calculate income from house property.
The document discusses the taxation of income from house property in India. It defines income from house property as notional income based on the annual rental value of a property, rather than actual rental income. It covers topics like classification of properties as self-occupied, let out, or deemed let out; computation of gross annual value; permitted deductions like standard deductions and interest on home loans; set-off of losses; and an example computation.
The document discusses the taxation of income from house property under the Indian Income Tax Act. It covers the key concepts around deemed ownership, calculation of gross annual value, deductions allowed for municipal taxes and interest on borrowed capital, and the treatment of self-occupied properties. The document provides examples to illustrate how income from house property is computed for different ownership and occupancy scenarios.
The document discusses income from house property under the Indian Income Tax Act. It defines key terms like house property, annual value, basis of charge, and ownership.
Some key points covered are:
- House property means any building owned by the assessee, including residential or commercial properties.
- The basis of charge is the annual value of the property, defined as the expected rental income.
- For a property to be counted as house property, it must consist of a building and land, and the assessee must own it and not use it for their own business.
- Deemed ownership provisions attribute ownership to certain relatives or in cases of transfer without adequate consideration.
- The annual value
The document summarizes key changes to tax rates and provisions under the Tax Cuts and Jobs Act. It outlines reductions to individual and corporate income tax rates. It also discusses changes to deductions including limits on mortgage interest, state and local taxes, and business interest. Provisions related to cost recovery, pass-through entities, and real estate are also covered.
This document provides an overview of income from house property under the Indian tax code. It defines house property, outlines the conditions for income from a house to be taxed, discusses deemed ownership, and key terminology used to calculate taxable income from a house property such as annual value, municipal value, fair rental value, and standard rent. It also explains how to compute income from house property by determining the gross annual value, deducting taxes and unrealized rent, and then deducting standard deductions and interest on borrowed capital. The document notes interest deductions that can be claimed for self-occupied and let-out properties. It also discusses interest relating to the pre-construction period of a house property.
Long Range Planning Committee - 3 InitiativesDenny Hill
The document summarizes three ballot initiatives on the November 2010 ballot in Colorado and their implications for the Weld County School District Re-4. Amendment 60 would cut school district property tax rates in half over 10 years. Proposition 101 would phase out certain vehicle taxes and lower income tax rates. Amendment 61 would limit government borrowing. If passed, the initiatives would reduce Re-4's property tax and other revenues, though the state may need to increase funding to replace lost local revenues. The initiatives could constrain Re-4's ability to take on new debt for facilities given its fast growth.
This document provides an overview of the key sections related to computing income from house property under the Indian Income Tax Act. It discusses sections 22-27 which relate to the chargeability and basis of taxing income from house property. It describes how to calculate the annual value of a property whether it is let out for the full year, partially let out and vacant, or self-occupied. It also covers deductions allowed for interest paid on loans for house property and treatment of unrealized rent. The document summarizes rules for co-owned properties and deemed ownership under section 27.
The document discusses income from house properties under the Indian Income Tax Act. It defines income from house properties as taxable if the property consists of a building or land, the taxpayer owns the property, and it is not used for business purposes. It provides details on computing income by determining gross annual value, deducting expenses like taxes and interest payments, and outlines special provisions for self-occupied properties and rental properties. The document also discusses topics like deemed ownership, treatment of vacant properties, co-owned properties, and the tax treatment of unrealized rent.
The Tax Cuts and Jobs Act is a reality. Find out what that means to you in this informative presentation. Presented by Brian Kempf, Christopher Axene, Cindy Kula and Inez Bowie, this presentation focuses on the various business related provisions, individual provisions, international concerns and implications to estates and trusts.
Listen to the explaination behind the slides. Watch the full recording of this free webinar here --> https://register.gotowebinar.com/register/7354592984523668995
- Income from house property is taxed on a notional basis and includes any building with characteristic features of a building such as residential buildings or cinemas.
- For a property to be considered under the head house property, it must be owned by the assessee and not used for their own business or profession.
- The annual value of a property is its expected rental income and may be taken as actual rent received in some cases, with exceptions for vacant properties.
Tax Cuts and Jobs Act: A Closer Look For Business OwnersRea & Associates
During this session, attendees will gain deeper insight and guidance into the business-oriented provisions of the Tax Cuts and Jobs Act. Led by Brian Kempf, CPA, and Christopher Axene, CPA, attendees will learn more about the numerous provisions guaranteed to impact business owners moving forward. The duo will also facilitate question and answer session to address concerns specific to your industry and business.
To listen to the webinar, visit: https://www.gotostage.com/channel/9304d57ec3364029b126b39d3950ebb6/recording/d0452ad1eb614d2086f65bd036368a83/watch?source=CHANNEL
For additional tax reform information, including podcasts, articles, webinars and more, visit: http://www.reacpa.com/insight/tax-reform-guidance/
Objectives & Agenda :
One of the heads of income under the Income Tax Act is Income from House Property. Under this head, incomes earned from house properties are chargeable to tax. The webinar covers the aspects of basis of charging income to tax under this head, nature of house properties taxed under the Act, manner of computing income chargeable to tax under this head, deductions available under this head and eventually judicial precedents pertaining to this head of income.
The document discusses the taxation of income from house property under the Indian Income Tax Law. It provides details on computation of gross annual value, deductions allowed, treatment of self-occupied properties, pre-construction period interest, and practical examples. Key aspects covered include defining rental income as income from house property, computation of gross annual value using fair rental value, municipal valuation or actual rent whichever is higher, deductions for municipal taxes and interest on loans.
This document provides instructions for completing Form 1045, Application for Tentative Refund. Form 1045 is used to apply for a quick tax refund resulting from carrying back net operating losses, unused business credits, net section 1256 contracts losses, or claim of right adjustments.
The summary includes key details about what losses and credits can be carried back using Form 1045, how to calculate the decrease in tax from prior years due to the carryback, what forms and documentation must be attached, and important deadlines and processing details for Form 1045 applications.
Este documento resume las principales ideas sobre optimización de motores de búsqueda (SEO):
1) Explica qué es el SEO y cómo funcionan los motores de búsqueda, centrándose en mejorar la posición orgánica de los sitios web.
2) Destaca las diferencias entre SEO (posicionamiento orgánico) y SEM (publicidad pagada), siendo el SEO a largo plazo y el SEM a corto plazo.
3) Resalta las ventajas del SEO para las empresas al poder atraer tráfico orgánico rel
This document provides the questions for a mathematics assignment covering chapters 1-8 of class 12. There are 40 questions in total, ranging from proving trigonometric identities and evaluating definite integrals to solving equations using matrices and checking continuity of functions. The questions cover a wide range of calculus, trigonometry and algebra topics.
The document provides an overview and updates on various tax topics for farmers, including depreciation, deferred grain contracts, prepaid farm expenses, taxation of easements, CRP and self-employment tax, federal tax estimates, and farm income averaging. It discusses changes to bonus depreciation and section 179 expensing and strategies for planning under uncertainty. It also reviews the tax treatment of various payments and provides examples and tips related to implementing different tax strategies.
1) There are 5 heads of income under the Indian Income Tax Act: income from salary, house property, business or profession, capital gains, and other sources.
2) Computation of taxable income involves determining residential status, classifying income, aggregating, applying clubbing provisions, deducting losses, exemptions, and rebates to calculate total tax payable.
3) Income from salary includes wages, pension, gratuity, fees, commissions, perquisites, and advances. Certain allowances like conveyance, education, transport, and house rent are fully or partially exempted.
4) Income from house property is based on annual value, which is the expected rent (municip
A property tax or millage rate is an ad valorem tax on the value of a property, usually levied on real estate. The tax is levied by the governing authority of the jurisdiction in which the property is located. This can be a national government, a federated state, a county or geographical region or a municipality.
This document discusses income from house property under section 22 of the Indian Income Tax Act. It defines annual value, deemed ownership, gross annual value, deductions allowed from house property income like interest on borrowed capital, and provides examples of practice sums to calculate income from house property.
The document discusses the taxation of income from house property in India. It defines income from house property as notional income based on the annual rental value of a property, rather than actual rental income. It covers topics like classification of properties as self-occupied, let out, or deemed let out; computation of gross annual value; permitted deductions like standard deductions and interest on home loans; set-off of losses; and an example computation.
The document discusses the taxation of income from house property under the Indian Income Tax Act. It covers the key concepts around deemed ownership, calculation of gross annual value, deductions allowed for municipal taxes and interest on borrowed capital, and the treatment of self-occupied properties. The document provides examples to illustrate how income from house property is computed for different ownership and occupancy scenarios.
The document discusses income from house property under the Indian Income Tax Act. It defines key terms like house property, annual value, basis of charge, and ownership.
Some key points covered are:
- House property means any building owned by the assessee, including residential or commercial properties.
- The basis of charge is the annual value of the property, defined as the expected rental income.
- For a property to be counted as house property, it must consist of a building and land, and the assessee must own it and not use it for their own business.
- Deemed ownership provisions attribute ownership to certain relatives or in cases of transfer without adequate consideration.
- The annual value
The document summarizes key changes to tax rates and provisions under the Tax Cuts and Jobs Act. It outlines reductions to individual and corporate income tax rates. It also discusses changes to deductions including limits on mortgage interest, state and local taxes, and business interest. Provisions related to cost recovery, pass-through entities, and real estate are also covered.
This document provides an overview of income from house property under the Indian tax code. It defines house property, outlines the conditions for income from a house to be taxed, discusses deemed ownership, and key terminology used to calculate taxable income from a house property such as annual value, municipal value, fair rental value, and standard rent. It also explains how to compute income from house property by determining the gross annual value, deducting taxes and unrealized rent, and then deducting standard deductions and interest on borrowed capital. The document notes interest deductions that can be claimed for self-occupied and let-out properties. It also discusses interest relating to the pre-construction period of a house property.
Long Range Planning Committee - 3 InitiativesDenny Hill
The document summarizes three ballot initiatives on the November 2010 ballot in Colorado and their implications for the Weld County School District Re-4. Amendment 60 would cut school district property tax rates in half over 10 years. Proposition 101 would phase out certain vehicle taxes and lower income tax rates. Amendment 61 would limit government borrowing. If passed, the initiatives would reduce Re-4's property tax and other revenues, though the state may need to increase funding to replace lost local revenues. The initiatives could constrain Re-4's ability to take on new debt for facilities given its fast growth.
This document provides an overview of the key sections related to computing income from house property under the Indian Income Tax Act. It discusses sections 22-27 which relate to the chargeability and basis of taxing income from house property. It describes how to calculate the annual value of a property whether it is let out for the full year, partially let out and vacant, or self-occupied. It also covers deductions allowed for interest paid on loans for house property and treatment of unrealized rent. The document summarizes rules for co-owned properties and deemed ownership under section 27.
The document discusses income from house properties under the Indian Income Tax Act. It defines income from house properties as taxable if the property consists of a building or land, the taxpayer owns the property, and it is not used for business purposes. It provides details on computing income by determining gross annual value, deducting expenses like taxes and interest payments, and outlines special provisions for self-occupied properties and rental properties. The document also discusses topics like deemed ownership, treatment of vacant properties, co-owned properties, and the tax treatment of unrealized rent.
The Tax Cuts and Jobs Act is a reality. Find out what that means to you in this informative presentation. Presented by Brian Kempf, Christopher Axene, Cindy Kula and Inez Bowie, this presentation focuses on the various business related provisions, individual provisions, international concerns and implications to estates and trusts.
Listen to the explaination behind the slides. Watch the full recording of this free webinar here --> https://register.gotowebinar.com/register/7354592984523668995
- Income from house property is taxed on a notional basis and includes any building with characteristic features of a building such as residential buildings or cinemas.
- For a property to be considered under the head house property, it must be owned by the assessee and not used for their own business or profession.
- The annual value of a property is its expected rental income and may be taken as actual rent received in some cases, with exceptions for vacant properties.
Tax Cuts and Jobs Act: A Closer Look For Business OwnersRea & Associates
During this session, attendees will gain deeper insight and guidance into the business-oriented provisions of the Tax Cuts and Jobs Act. Led by Brian Kempf, CPA, and Christopher Axene, CPA, attendees will learn more about the numerous provisions guaranteed to impact business owners moving forward. The duo will also facilitate question and answer session to address concerns specific to your industry and business.
To listen to the webinar, visit: https://www.gotostage.com/channel/9304d57ec3364029b126b39d3950ebb6/recording/d0452ad1eb614d2086f65bd036368a83/watch?source=CHANNEL
For additional tax reform information, including podcasts, articles, webinars and more, visit: http://www.reacpa.com/insight/tax-reform-guidance/
Objectives & Agenda :
One of the heads of income under the Income Tax Act is Income from House Property. Under this head, incomes earned from house properties are chargeable to tax. The webinar covers the aspects of basis of charging income to tax under this head, nature of house properties taxed under the Act, manner of computing income chargeable to tax under this head, deductions available under this head and eventually judicial precedents pertaining to this head of income.
The document discusses the taxation of income from house property under the Indian Income Tax Law. It provides details on computation of gross annual value, deductions allowed, treatment of self-occupied properties, pre-construction period interest, and practical examples. Key aspects covered include defining rental income as income from house property, computation of gross annual value using fair rental value, municipal valuation or actual rent whichever is higher, deductions for municipal taxes and interest on loans.
This document provides instructions for completing Form 1045, Application for Tentative Refund. Form 1045 is used to apply for a quick tax refund resulting from carrying back net operating losses, unused business credits, net section 1256 contracts losses, or claim of right adjustments.
The summary includes key details about what losses and credits can be carried back using Form 1045, how to calculate the decrease in tax from prior years due to the carryback, what forms and documentation must be attached, and important deadlines and processing details for Form 1045 applications.
Este documento resume las principales ideas sobre optimización de motores de búsqueda (SEO):
1) Explica qué es el SEO y cómo funcionan los motores de búsqueda, centrándose en mejorar la posición orgánica de los sitios web.
2) Destaca las diferencias entre SEO (posicionamiento orgánico) y SEM (publicidad pagada), siendo el SEO a largo plazo y el SEM a corto plazo.
3) Resalta las ventajas del SEO para las empresas al poder atraer tráfico orgánico rel
This document provides the questions for a mathematics assignment covering chapters 1-8 of class 12. There are 40 questions in total, ranging from proving trigonometric identities and evaluating definite integrals to solving equations using matrices and checking continuity of functions. The questions cover a wide range of calculus, trigonometry and algebra topics.
Normas generales de servicios escolares para el SNBDGETI Zacatecas
Este documento establece normas generales de servicios escolares para los planteles que integran el Sistema Nacional de Bachillerato en México. Define formatos de certificación de estudios, constancias, diplomas y títulos profesionales. Asigna responsabilidades a directores de plantel y áreas de servicios escolares en la aplicación de normas y emisión de documentos. Identifica subsistemas educativos que imparten bachillerato general, técnico o profesional, así como aquellos que coadyuvan en formación profesional o para el
E portafolio Lina Marcela Galvan 201512_197lina2610
El documento presenta un portafolio electrónico que incluye mensajes de foros de seguimiento y colaborativos sobre ideas de negocio. También resume videos de apoyo sobre temas como la innovación, la solución de problemas y el comercio electrónico a través de Google. El portafolio muestra el proceso de desarrollo de un proyecto de negocio grupal.
El documento describe los procedimientos para tender cañerías de agua fría y caliente de diferentes materiales como plomo, latón, polietileno, polipropileno. Se explican los pasos de replanteo, comunicación con los responsables técnicos, verificación de equipamiento, canalización, medición, corte, unión y soldadura de cañerías, aislamiento, fijación, prueba e identificación y reparación de fallas. El objetivo es tender las cañerías siguiendo normas de seguridad e higiene y calidad
El documento describe el perfil del buen docente universitario. Menciona que un buen docente debe tener una estima por su profesión como educador, apreciar sinceramente a los estudiantes, y mantener una excelencia académica. También debe actualizarse continuamente, comunicar el conocimiento de manera efectiva, y enfocarse más en formar la inteligencia de los estudiantes que su memoria. Un buen docente facilita el desarrollo de habilidades prácticas y juega un papel en la formación integral de los estudiantes no solo acad
The 12th Annual IEP Conference was held in Toronto on February 27, 2015. Approximately 919 delegates attended representing 115 countries, with the majority from Asia. The conference provided information to internationally educated professionals (IEPs) through keynote speakers, panels, and sessions focused on five career sectors: engineering, finance, healthcare, information technology, and sales/marketing. Feedback from delegates showed the conference helped IEPs learn about licensing requirements, networking opportunities, and skills to advance their careers in Canada.
This bill proposes several measures to provide relief for homeowners, tenants, and consumers during the COVID-19 emergency period and 180 days after. It would prohibit lenders from initiating foreclosures or evictions during this time. It would require lenders to provide up to 180 days of forbearance on mortgage payments for borrowers experiencing financial hardship, and to extend that period if hardship continues. It would also place restrictions on lenders related to foreclosure proceedings, recording notices of default, and misleading borrowers about forbearance options. Opponents argue it imposes overly burdensome obligations on lenders and could jeopardize future credit availability.
Proposition 19: Homeowner Tax Savings Everywhere in the State of CaliforniaLynne Watanabe-MacFarlane
Homeowners who are 55 or over, severely disabled, or whose homes were destroyed by wildfire
or natural disaster, may transfer the taxable value of their primary residence to a replacement
primary residence …
§ Anywhere in the state
§ Regardless of the location
§ Regardless of the value of the replacement primary residence — even if it’s greater in value
(with an upward adjustment in the tax basis if the replacement property is greater in value)
§ Within two years of the sale of the original primary residence
§ Up to three times (although there’s no limit for those whose houses were destroyed by wildfire
or natural disaster)
These rules are in effect on and after April 1, 2021
The information contained herein is
intended to provide general
information and is not intended as
a substitute for individual legal
advice. Specific examples used are
only general examples, and the
actual amount of property taxes
owed for any person will depend on
the specific situation of the
individual and a wide variety of
other factors. Therefore, all persons
are directed to seek the advice of
an attorney regarding their specific
tax and legal situation.
This document summarizes key aspects of Proposition 19 in California, which changes rules around transferring property tax bases for homeowners. Some key points:
- Prop 19 allows homeowners over 55, disabled, or whose homes were destroyed by disaster to transfer their tax base anywhere in the state, for a replacement home of any value, up to three times. Currently transfers are limited to same county or some other counties.
- It also allows transferring tax base to a more valuable replacement home, by adding the difference in value to the transferred base. Currently it is only for equal or lesser value homes.
- For passing homes to children or grandchildren, a tax basis transfer is only exempt from reassessment if the recipient lives in it
This document summarizes key aspects of Proposition 19 in California, which changes rules around transferring property tax bases for homeowners. Some key points:
- Prop 19 allows homeowners over 55, disabled, or whose homes were destroyed by disaster to transfer their tax base anywhere in the state, for a replacement home of any value, up to three times. Currently transfers are limited to same county or some other counties.
- It also allows transferring tax base to a more valuable replacement home, by adding the difference in value to the transferred base. Currently it is only for equal or lesser value homes.
- For passing homes to children or grandchildren, a tax basis transfer is only exempt from reassessment if the recipient lives in it
This document summarizes various real estate-related taxes in the United States, with a focus on taxes in California. It discusses property taxes, including Proposition 13 which limits increases in property tax assessments; documentary transfer taxes paid when transferring property; federal and state income taxes; capital gains taxes; and other taxes such as business license taxes paid by real estate brokers.
The document summarizes changes to estate laws in 2011 and 2012. Key points include:
- The federal estate tax exemption was $5 million in 2011 and increased to $5.12 million in 2012. Tennessee's exemption remained at $1 million.
- The federal estate and gift tax rate was 35% in 2011-2012. Tennessee's maximum rate is 9.5%.
- Portability between spouses was extended, allowing married couples to shield up to $10 million from federal estate taxes. Tennessee does not recognize portability.
- Other changes included the gift tax annual exclusion amount and generation-skipping tax exemption and rates.
This document summarizes various tax incentives related to green construction and energy efficient commercial buildings. It discusses deductions under Section 179D for installing energy efficient commercial property like lighting, HVAC systems, and building envelopes. It also outlines proposed extensions of these incentives and a potential new tax credit for retrofitting older properties. Additional tax breaks for renewable energy systems, energy efficient home building, and cost segregation studies are also covered.
The document summarizes a meeting for wildfire survivors that discussed tax implications of property losses from wildfires. It provided information on calculating casualty losses for income tax purposes, including how to determine adjusted property basis and decrease in fair market value. It also discussed that additional property built that exceeds what was previously on the property would be reassessed for tax purposes. The document encouraged survivors to contact tax professionals or the assessor's office with any additional questions.
Tax Planning and the New Tax Law 11/18/2010joeliss410
This document provides an outline and overview of tax planning opportunities under the new tax law passed in 2010. Key provisions include increased bonus depreciation and Section 179 expensing limits, tax exclusions for certain small business stock gains and health insurance costs, and liberalized rules around retirement plan rollovers and cell phone expenses. Stricter information reporting is also required for rental property income. The document also briefly outlines some additional year-end business tax planning strategies for Illinois, including various job creation tax credits.
This document discusses tax considerations related to owning a second home. It notes that mortgage interest on loans up to $1 million for a second home can be deducted. Rental income from a second home used as a residence for 15 or more days a year must be reported. The sale of a second home can exclude up to $250,000 in capital gains if it was a main home for two of the past five years.
Bills Filed for the 2017 Regular Sessioncutmytaxes
This document summarizes bills filed for the 2017 Regular Session of the 85th Texas Legislature relating to property taxes. Some key bills discussed include:
SB 2, which would require appraisal district board members to be elected officials, create an advisory board at the Comptroller's Office, and require appraisal notices to be sent by April 15th.
HB 85, which would make the chief appraiser an elected position voted on by county residents.
HB 495, which would make appraisal district directors elected positions and allow taxing units to request audits of appraisal districts.
The document provides short summaries of each bill, along with proposed effective dates and filing statuses. It will be updated with future
The Taxperts Group can guide you through tax audits and appeals and help minimize your tax bills for years to come. Our accountants have legal and accounting expertise to help people with their taxes in Toronto, Ontario.
The Legal and Tax Considerations for Chinese HNWIs Investing in Australia Pro...clebourgeois
Chinese HNWIs are investing heavily in Australian property, with an estimated $70 billion in demand over the next 5 years. This document outlines the key legal and tax considerations for such Chinese investors. Legally, foreign investors must obtain approval to purchase properties that increase housing supply, such as new developments, vacant land for construction, or properties for redevelopment. Failure to obtain approval can result in fines or imprisonment. Tax considerations include paying both Australian and Chinese capital gains tax on profits, as well as income tax, land tax, and being able to deduct certain property expenses.
Property Tax Basics and Related Incentives by Tushar Chikhliker, South Caroli...Nexsen Pruet
This document summarizes a seminar on property tax basics and incentives in South Carolina. It covers: (1) basic property tax calculations; (2) fee-in-lieu of tax agreements; (3) manufacturer's property tax abatements; (4) comparisons of FILOT vs. ad valorem taxes plus abatements; (5) multi-county parks and special source revenue credits/bonds; (6) pollution control property exemptions; and (7) property tax return filing deadlines for manufacturers.
Proposed Amendment in income tax finance bill 2019Mohd.Asif Khan
The document summarizes proposed amendments to the Indian Income Tax Act of 1961 in the Finance Bill 2019. Key changes include increasing the standard tax deduction from salaries to Rs. 50,000, allowing deduction of interest on loans for two self-occupied homes instead of one, and increasing thresholds for tax deducted at source on rental income and bank interest from Rs. 180,000 to Rs. 240,000 and from Rs. 10,000 to Rs. 40,000 respectively. The income tax rebate is also increased for individuals with annual income up to Rs. 500,000.
The proposed IRS regulations under Section 2704 threaten to prohibit discounts for family businesses but face an uncertain future. They have been strongly opposed in over 9,000 public comments and three bills in Congress aim to prevent the regulations from taking effect. With the new presidential administration opposed to the estate tax, it is unlikely the regulations will be finalized during the next four years.
The document summarizes several proposed amendments to the Indian Income Tax law from the 2020 budget. Key points include:
1) Individuals and HUFs can now choose to be taxed at new optional slab rates but must forego many deductions. Dividend income from companies and mutual funds will now be taxable for all taxpayers.
2) The threshold for being considered a resident in India has reduced from 182 to 120 days. Any Indian citizen who is not liable to tax in another country will be deemed a resident of India.
3) Companies will no longer pay Dividend Distribution Tax but shareholders will pay tax on dividends as per their slab rate.
4) Several changes have been
Similar to Florida's 10% Assessment CAP on non-Homestead properties (20)
Valuation of Fractured Condos - Converted from ApartmentsTim Wilmath
This article describes the valuation of "fractured condos", which is when an apartment complex is converted to condos, but then fails to sell out and some units are owned while others are rented.
Value Interrupted - Will the Real Estate Market Weather the PandemicTim Wilmath
This document discusses how the COVID-19 pandemic disrupted the real estate market globally. It describes how various economic indicators like GDP, stock markets, and hotel occupancy dropped sharply in early 2020 due to lockdowns and business closures. Transaction data for hotels showed prices plummeted. Retail and restaurants were hit hard by closures and the rise of online shopping. However, the residential market remained strong with rising home prices. By late 2020, some markets began recovering as restrictions eased and stimulus took effect, but long term impacts on sectors like office and retail remained uncertain.
Estimating the Value of Sports Facilities.pdfTim Wilmath
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive functioning. Exercise causes chemical changes in the brain that may help boost feelings of calmness, happiness and focus.
A Brief History of Intangibles in Ad Valorem Taxation.pdfTim Wilmath
The document discusses the benefits of exercise for mental health. Regular physical activity can help reduce anxiety and depression and improve mood and cognitive function. Exercise causes chemical changes in the brain that may help protect against mental illness and improve symptoms.
Everything you ever Wanted to Know about Florida Property Tax Exemptions.pdfTim Wilmath
The document provides an overview of various property tax exemptions available to Florida property owners, including:
- Military exemptions such as a $5,000 exemption for veteran disability and a 100% exemption for totally disabled veterans.
- Special exemptions like those for historical, religious/charitable, and government properties.
- General exemptions including a $50,000 homestead exemption, portability, and exemptions for seniors, widows/widowers, blind persons, and those with disabilities.
- The document directs readers to an exemption summary and statutes for more details on eligibility requirements for each exemption.
Covid 19 and Hotel and Restaurant Valuation.pdfTim Wilmath
The document summarizes the impact of Covid-19 on the hotel and restaurant industries based on a 2021 webinar presentation. It notes that:
1) Both industries were performing well before the pandemic but saw steep declines in sales and occupancy during the pandemic.
2) Projections estimate it will take the hotel industry 3-4 years to fully recover, with values projected to decline by 14-30% in 2020.
3) The restaurant industry was even more severely impacted with a 37% decline in sales volumes in 2020 and many bankruptcy filings.
4) Both industries are slowly recovering as restrictions ease but uncertainties remain around potential future shutdowns.
Everything you want to know about Property Tax Assessments.pdfTim Wilmath
The document provides an overview of the property tax assessment process in Palm Beach County, Florida. It discusses the county's demographics and introduces the property appraiser, Tim Wilmath. It then covers the history of property taxes in Florida dating back to 1839, important dates in the assessment cycle, how property values are calculated, and the property appraiser's responsibilities in maintaining ownership records and valuing properties.
Supersize Me! - The Valuation of Corporate HQ.pdfTim Wilmath
This document summarizes a presentation about valuing large corporate campuses and headquarters properties. It discusses which valuation approaches are best for different types and generations of these properties. For unique, first generation headquarters built for a specific company, the cost approach often provides the most reliable value since the market prices these based on replacement cost. Older, second generation properties that become vacant are best valued using sales comparison and income approaches when converted to multi-tenant use. Large size alone does not cause obsolescence if the property serves its intended function for the occupant.
Understanding Intangible Assets and Real EstateTim Wilmath
This document provides an overview of intangible assets and how they relate to real estate valuation. It discusses how intangible assets are identified and the legal tests used. There are typically two circumstances where assessors encounter intangible value: 1) when a property sells and intangible assets are included in the price, along with real and personal property, and 2) when income from a business is used to value real estate in an income approach for property types like hotels and nursing homes. The document then examines the accounting, business, and real estate purposes for allocating intangible assets. Finally, it reviews methods for estimating intangible value, including the cost, market, and income approaches.
The Valuation of Senior Care Properties.pdfTim Wilmath
This presentation describes the valuation of Senior Care Properties for assessment purposes. I weaved stories about my Mother in Law, Lily Berrier into the presentation. She suffered from Alzheimer's disease and eventually had to go into assisted living and then a nursing home. Those personal experiences helped me craft this presentation.
This document summarizes the history of Palm Beach County from its earliest Native American inhabitants through its modern development. It traces the influx of European settlers in the 1500s and the establishment of Palm Beach in the late 1800s by Henry Flagler who introduced the railroad. It highlights the growth of cities like West Palm Beach and the development of exclusive areas like Palm Beach and Worth Avenue. The document also discusses the expansion of agriculture in western Palm Beach County and the effects of hurricanes. Throughout, it contrasts historical photos showing the areas as they were in the early 1900s with how they appear today.
Understandinhg Intangible Assets and Real Estate: A Guide for Real Property ...Tim Wilmath
In most U.S. jurisdictions, assessors are responsible for estimating a market value for real property and/or personal property. Laws can vary from state to state, but for the majority of jurisdictions, intangible assets are not taxable, at least not as part of the real estate assessment. As a result, assessors must ensure their real estate assessments are free of any intangible value. Different interpretations of law and proper appraisal approaches for valuing intangibles sometimes result in disputes between taxpayers and assessors. Unfortunately, the identification and valuation of intangible assets is unsettled in the appraisal and assessment community. This guide is intended to assist assessors in understanding and addressing intangible assets in property tax valuation.
This document discusses the concept of highest and best use as it relates to property appraisal. It defines highest and best use as "what most people would do, most of the time" with their property. There are two types of highest and best use: as-vacant and as-improved. Determining the highest and best use is important for selecting comparable properties and adhering to appraisal standards. The document provides examples of analyzing the highest and best use for various hypothetical properties.
This document summarizes a presentation about hotel valuation given by Tim Wilmath. It discusses different hotel types and performance levels (under-performing, exceeding expectations, operating as expected). It notes that when a hotel is operating as expected, it does not present many valuation challenges. It explores reasons why some hotels succeed while others fail, noting the importance of having a market, competence, and passion. Specific hotel examples from Nashville and Orlando are discussed. The importance of these same factors - market, competence, and passion - are related to succeeding in one's work.
The document discusses the mass appraisal technique for valuing hotels. It begins by defining mass appraisal and how it can be used to value complex property types like hotels through the development of models. It then describes how to segment hotels into categories and quality classes. The preferred income approach for valuing hotels through mass appraisal is described, including how to estimate income, occupancy, expenses, and capitalization rates from various data sources. Methods for isolating and removing business value are also summarized.
If you're Planning to Build a House in Haldwani, Understanding the House Construction Cost in Haldwani is crucial. It's important to grasp the direct and indirect cost factors entailed in the Construction process before Initiating any work. This Understanding is pivotal for Efficient Budget allocation, allowing you to plan your finances more Effectively. Construction expenses can vary Significantly, Influenced by Diverse Elements such as site Location, raw material prices, Labour charges, and various other variables. Here at Geomatrix, we pride Ourselves on offering competitive rates for house construction in Haldwani, ensuring affordability without Compromising on quality and providing the best options within your budget. For a precise evaluation of the cost involved in constructing your dream home, consult our team of architects and construction experts.
For more information visit:
https://geomatrix.co.in/services/real-estate-project-management-in-haldwani/
Recent Trends Fueling The Surge in Farmhouse Demand in IndiaFarmland Bazaar
Embarking on the journey to acquire a farmhouse for sale is just the beginning; the real investment lies in crafting an environment that contributes to our mental and physical well-being while satisfying the soul. At Farmlandbazaar.com, India’s leading online marketplace dedicated to farm land, farmhouses, and agricultural lands, we understand the importance of transforming a humble farmland into a warm and inviting sanctuary. Let's explore the fundamental aspects that can elevate your farmhouse into a tranquil haven.
Serviced Apartment Ho Chi Minh For RentalGVRenting
GVRenting is the leading rental real estate company in Vietnam. We help you to find a serviced apartment for rent in Ho Chi Minh & Saigon. Discover our broad range of rental properties in Vietnam.
For more details https://gvrenting.com/
The SVN® organization shares a portion of their new weekly listings via their SVN Live® Weekly Property Broadcast. Visit https://svn.com/svn-live/ if you would like to attend our weekly call, which we open up to the brokerage community.
Discover Yeni Eyup Evleri 2, nestled among the rising values of Eyupsultan, offering the epitome of modern living in Istanbul.
With its spacious living areas, contemporary architecture, and meticulous details, Yeni Eyup Evleri 2 is poised to be the star of your happiest moments. Situated in the new favorite district of Eyupsultan, claim your spot and unlock the doors to a peaceful life alongside your loved ones. Nestled next to the historical and natural beauties of Eyupsultan, embrace the comfort of modern living and rediscover life.
Social Amenities:
Yeni Eyup 2 offers a life filled with joy with its green landscaping areas, gym, sauna, children’s play areas, café, outdoor pool, and basketball court. Reserve your place for unforgettable moments!
Reliable Structure:
With 1+1, 2+1, and 3+1 apartment options, Yeni Eyup Evleri 2 is designed with first-class materials and craftsmanship. The doors to a safe and comfortable life are here! Choose the option that suits you best and step into your dream home.
Project:
Yeni Eyup 2 is conveniently located, with Istanbul Airport just 26 minutes away, the Mecidiyeköy Metro Line 4 minutes away, and the Tram Stop 5 minutes away, making your life easier with its central location.
Location:
Your home is positioned in a privileged location, providing easy access to the city center, shopping malls, restaurants, schools, and other important places.
Yeni Eyup 2 offers 1+1, 2+1, and 3+1 apartment options designed to meet different needs. Find an option suitable for every lifestyle and open the doors to a comfortable life in your dream home.
https://listingturkey.com/property/yeni-eyup-evleri-2/
The KA Housing - Catalogue - Listing TurkeyListing Turkey
Welcome to KA Housing, a distinguished real estate development nestled in the heart of Eyüpsultan, one of Istanbul’s most promising districts.
Just 10 minutes from the bustling city center, Eyüpsultan offers a serene escape with the convenience of urban living. The direct metro line ensures seamless connectivity to all parts of Istanbul, making it an ideal location for residents who seek both tranquility and vibrancy.
KA Housing boasts unparalleled accessibility, with proximity to Istanbul Airport only 30 minutes away, facilitating easy international travel. Effortless city access is guaranteed by direct metro and transportation links to Istanbul’s cultural and commercial hubs. Quick access to key metro lines connects you to every corner of the city within minutes, making commuting and exploring the city hassle-free.
The development offers luxurious living spaces with a range of unit layouts from 1+1 to 4+1, designed with meticulous attention to detail. Each unit features balconies or terraces, providing stunning vistas of Istanbul and enhancing the living experience. High-quality materials and superior craftsmanship ensure durability and elegance, while sound-proof insulation and high ceilings (2.95 m) offer comfort and sophistication.
Residents of KA Housing enjoy exclusive on-site amenities, including a state-of-the-art gym, outdoor swimming pool, yoga area, and walking paths. Entertainment options abound with a private cinema, children’s playground, and a variety of dining options including a café and restaurant. Security and convenience are paramount with 24/7 security, a dedicated carpark garage, and an IP intercom system.
KA Housing represents a prime investment opportunity with limited availability in a high-demand area, ensuring enduring value and potential for lucrative returns. Homes in this development provide exceptional value without compromising on quality, offering affordable luxury for discerning buyers. The construction is of the highest quality, built to the latest seismic and disaster resistance standards, ensuring safety and resilience.
The community and surroundings of KA Housing are enriched by close proximity to prestigious universities such as Haliç University, Bilgi University, and Istanbul Ticaret University, making it an ideal location for students and academics. The development is adjacent to the Alibeyköy stream leading into the Halic waters, offering serene natural escapes amidst lush greenery. Residents can enjoy the cultural richness of the area, surrounded by historical and cultural landmarks that blend leisure, nature, and culture seamlessly.
https://listingturkey.com/property/the-ka-housing/
At Geomatrix, we Pride Ourselves on our Commitment to Superior Craftsmanship and client satisfaction. Our team Consists of Highly Qualified specialists including Architects, Engineers, project Managers, and skilled labourers who work seamlessly together to achieve ourclients' Objectives. Geomatrix is recognized as the Best Construction Company in Haldwani, Dedicated to bringing visions to life with unparalleled Expertise and Professionalism.
For more information visit:
https://geomatrix.co.in/
Sense Levent Kagithane Catalog - Listing TurkeyListing Turkey
Sense Levent offers a luxurious living experience in the heart of Istanbul’s vibrant Levent district.
This cutting-edge development seamlessly integrates modern design with natural elements, featuring live evergreen plants maintained by an advanced irrigation system, ensuring lush greenery year-round.
The building’s elegant ceramic balconies are both stylish and durable, enhancing the overall aesthetic and functionality. Residents can enjoy the 700m Sky Lounge, which provides breathtaking views of Istanbul and a perfect space to relax and unwind.
Sense Levent promotes a healthy and active lifestyle with a full gym, swimming pool, sauna, and steam room, all available in the building. The interiors are crafted with high-quality materials, ensuring a luxurious and inviting living space.
Designed with young professionals in mind, Sense Levent features 1+1 and 2+1 units with smart floor plans and balconies. The project promises high investment returns, with an expected annual return of 6.5-7%, significantly above Istanbul’s average ROI.
Located in the rapidly growing and highly desirable Levent area, the development benefits from ongoing urban regeneration projects. Its prime location offers proximity to shopping malls, municipal buildings, universities, and public transportation, adding immense value to your investment.
Early investors can take advantage of discounted units during the construction phase, with an expected capital appreciation of +45% USD upon completion. Property Turkey provides comprehensive rental management services, ensuring a seamless and profitable investment experience.
Additionally, robust legal support and significant tax advantages are available through Property Turkey’s licensed Real Estate Investment Fund. Levent is a dynamic urban hub, ideal for young professionals with its numerous corporate headquarters and shopping malls.
Sense Levent is more than just a residence; it’s a place where dreams and opportunities come to life. Contact us today to secure your place in this exclusive development and experience the best of Istanbul living. Sense Levent: Sense the Opportunity. Live the Dream.
https://listingturkey.com/property/sense-levent/
BEST FARMLAND FOR SALE | FARM PLOTS NEAR BANGALORE | KANAKAPURA | CHICKKABALP...knox groups real estate
welcome to knox groups real estate company in Bangalore. best farm land for sale near Bangalore and madhugiri . Managed farmland near Kanakapura and Chickkabalapur get know more details about the projects .Knox groups is a leading real estate company dedicated to helping individuals and businesses navigate the dynamic real estate market. With our extensive knowledge, experience, and commitment to excellence, we deliver exceptional results for our clients. Discover the perfect foundation for your agricultural aspirations with KNOX Groups' prime farm lands. These aren't just plots; they're the fertile grounds where vibrant crops flourish, livestock thrives, and unique agricultural ventures come to life. At KNOX, we go beyond selling land we curate sustainable ecosystems, ensuring that your journey toward agricultural success is seamless and prosperous.
AVRUPA KONUTLARI ESENTEPE - ENGLISH - Listing TurkeyListing Turkey
Looking for a new home in Istanbul? Look no further than Avrupa Konutlari Esentepe! Our beautifully designed homes provide the perfect blend of luxury and comfort, making them the perfect choice for anyone looking for a high-quality home in the city.
With a wide range of apartment types available, from 1+1 to 4+1, we have something to suit every need and budget. Each apartment is designed with attention to detail and features spacious and bright living areas, making them the perfect place to relax and unwind after a long day.
One of the things that sets Avrupa Konutlari Esentepe apart from other developments is our focus on creating a community that is both comfortable and convenient. Our homes are surrounded by lush green spaces, perfect for enjoying a peaceful stroll or having a picnic with friends and family. Additionally, our complex includes a variety of social and recreational amenities, such as swimming pools, sports fields, and playgrounds, making it easy for residents to stay active and socialize with their neighbors.
https://listingturkey.com/property/avrupa-konutlari-esentepe/
6. With the run-up in property values during 2002-2006, many taxpayers had their assessments increase 20%, 30%, 50%, even 100% or more.
7.
8. Because of taxpayer outcry, the Florida Legislature passed several bills during the 2007 regular session related to property taxes.
9. The first major property tax reform bill that passed was Senate Join Resolution Bill 4B - which was called the “Super Exemption”. There was no CAP for non-HX in this bill.
10. The Supreme Court of Florida struck the Super Exemption from the ballot for being too confusing.
11. So…the Florida Legislature went back to the drawing board. The Senate passed SJR2d and sent it to the House for passage. The House debated the bill on October 29, 2007.
12. After much debate the house and the senate passed SJR2d – which allowed Amendment 1 to be placed on the Florida Ballot on January 29, 2008.
13. The original House version called for a 5% CAP on non-homestead, but was revised to 10% by the Senate. Many house members were against passage of the bill because of this change….others saw it differently..
14. The original House version called for a 5% CAP on non-homestead, but was revised to 10% by the Senate. Many house members were against passage of the bill because of this change….others saw it differently..
15. On January 29, 2008, Florida voters passed Amendment 1, which brought a CAP to non-homestead properties for the first time.
16.
17. JAN FEB MAR APR MAY JUN The 10% CAP on Non-homestead properties was implemented with the creation of two new Florida Statutes.
18. F.S. 193.1554 Applies to properties with Nine (9) residential units or less and vacant residential land. F.S. 193.1555 Applies to properties with ten (10) residential units or more, commercial properties, industrial properties and non-residential land.
19. Applies a 10% CAP to all residential property types (9 units or less), including vacant residential land (with the exception of Greenbelt land.) Identical to 193.1554, except the CAP is also reset on applicable properties when a “substantially complete” improvement increases Just Value more than 25%. F.S. 193.1554 1 F.S. 193.1555 2
23. When does the CAP get reset on Non-homestead properties?
24. When does the CAP get reset on Non-homestead properties?
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30. Before: Just Value - $1,000,000 Assessed - $ 800,000 Cap Amount = $ 200,000 After: Just Value $20,000 x 100 lots = $2,000,000 Assessed Value $18,000 x 100 lots = $ 1,800,000 Cap Amount = $ 200,000 Or $2,000 per lot CAP after Split Re-setting the CAP - Splits & Joins
31. Re-setting the CAP Splits and Joins - Residential If an owner of an HX home wants to join a non-HX lot , do you reset the CAP on the home? On the lot? On Both?
32. Re-setting the CAP Splits and Joins - Commercial How about joining 2 commercial properties – both with a nice CAP?
33. Re-setting the CAP Splits and Joins - Commercial How about joining 2 commercial properties – both with a nice CAP?
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38. Re-setting the CAP Splits and Joins – New Subs DOR says: “The fact that the 2009 tax bills represent only an apportioned share of the large parcel’s value as of Jan 1 st is an administrative function and does not represent the base value for the lots” http://dor.myflorida.com/doe/property/faqs10cap.pdf
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40. Re-setting the CAP Why do some properties get reset upon a 25% increase in Just Value as a result of a physical improvement?
41. Re-setting the CAP Why do some properties get reset upon a 25% increase in Just Value as a result of a physical improvement?
42. Re-setting the CAP Be assured that members of the Florida House knew exactly what they were voting on.
43. Re-setting the CAP Be assured that members of the Florida House knew exactly what they were voting on.
44. Re-setting the CAP 193.1555 (5)(a) A qualifying improvement means any substantially completed improvement that increases the just value of the property by at least 25 percent. What is NOT a qualifying Improvement? Removing Adjustment for Large Vacancy Changing Quality from Average to Excellent Base Rate increase of 30% In the CAMA system Any improvement that is Not PHYSICAL
47. Is it really a 10% CAP? 193.1554/1555 (2)(a) – “ For all levies other than school district levies.”...
48. School Districts represent about 40% of the total millage statewide Source: Florida Department of Revenue
49. School Board Example: 2008 Just Value $1,000,000 2008 Assessed Value $1,000,000 2008 Taxes $20,500 2009 Just Value $1,200,000 (20% increase) 2009 Non-school Assessed Value $1,100,000 ( 10% capped ) 2009 School Board Assessed Value $1,200,000 ( not Capped ) 2009 Non-school Taxes (12.7 mills) - $13,970 2009 School Board Taxes (7.8 mills) - $ 9,360 Total 2009 Taxes $23,330 14% Increase in taxes
50. 10% CAP Challenges USE - An owner files for Homestead on one unit of a duplex. He continues to rent the other half out. Now half the property is capped at 10% and the other half is capped at 3%. You have 2 different base years on the same property. How does your CAMA system track multiple assessed values on the same property?
51. 10% CAP Challenges Ownership - Three separate owners on a house. Two reside with homestead and one does not (66.6% HX). Then one of the owners with HX moves out. How to you reset the assessed value? Owner 1 retains 33.3% HX, but loses ½ the 3% CAP. Owner 2 who is moving, starts over with a 10% CAP a new base year. Owner 3, who never had homestead, retains his 10% CAP, his original base year. How does your CAMA system track multiple owners with different base years and CAPs?
52. 10% CAP Challenges Value - What happens when the owner of an existing apartment complex adds a swanky new swimming pool? You typically value apartment complexes using the income approach. Since the pool is brand new, it’s considered new construction, and should go on above the CAP. But since the rents won’t go up for a year or so, there is no justification for increasing the value via income!
53. The 10% cap on non-homestead properties sunsets in 2018 and will require a vote to extend it.
55. Greenbelt barns do not benefit from the 10% CAP. ANSWER: Since the buildings on Ag properties do not receive any benefit from the low Greebelt rates, they are protected by the 10% CAP. Pop Quiz!
56. If a taxpayer gets a site rezoned to commercial, the CAP should be removed since the resulting value increased more than 25%. ANSWER: Since a rezoning is not a “physical” improvement, the CAP would not be removed. Pop Quiz!
Custom animation effects: Shrink and position circular pictures(Intermediate)Tip: This slide design includes three large, circle-shaped pictures. Each picture has a 12” diameter and is larger than the slide. You will want to use drawing guides to reproduce the effects on this slide.To display and set the drawing guides, do the following:On the Home tab, in the Slides group, click Layout, and then click Blank. On the View tab, in the Show/Hide group, select Ruler. Right-click the slide background and select Grid and Guides. In the Grid and Guides dialog box, under Guidesettings, select Displaydrawingguideson screen. (Note: One horizontal and one vertical guide will display on the slide at 0.00, the default position. As you drag the guides, the cursor will display the new position.) Do the following on the slide:Press and hold CTRL, select the vertical guide, and then drag it left to the 2.83 position. Press and hold CTRL, select the vertical guide, and then drag it right to the 2.83 position.Press and hold CTRL, select the horizontal guide, and then drag it up to the 0.83 position.To reproduce the first animated picture effect on this slide, do the following:On the Insert tab, in the Illustrations group, click Picture. In the Insert Picture dialog box, select a picture and then click Insert.On the slide, select the picture. Under PictureTools, on the Format tab, in the PictureStyles group, click Picture Shape, and then under BasicShapes click Oval (first row, first option from the left).Select the oval picture. Under Picture Tools, on the Format tab, in the bottom right corner of the Size group, click the Size and Position dialog box launcher. In the Size and Position dialog box, on the Size tab, resize or crop the picture as needed so that under Size and rotate, the Height box is set to 12” and the Width box is set to 12”. Resize the picture under Size and rotate by entering values into the Height and Width boxes. Crop the picture under Crop from by entering values into the Left, Right, Top, and Bottom boxes. On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click AlignCenter.Click AlignMiddle. On the Animations tab, in the Animations group, click CustomAnimation.On the slide, select the picture. In the CustomAnimation task pane, do the following:Click Add Effect, point to Entrance, and then click MoreEffects. In the Add Entrance Effect dialog box, under Subtle, click Fade, and then click OK. Under Modify: Fade, do the following:In the Start list, select With Previous.In the Speed list, select Medium.Click Add Effect, point to Emphasis, and then click MoreEffects. In the Add Emphasis Effect dialog box, under Basic, click Grow/Shrink, and then click OK. Under Modify: Grow/Shrink, do the following: In the Start list, select After Previous. In the Size list, in the Custom box, enter 20%, and then press ENTER. In the Speed list, select Medium.Click Add Effect, point to Motion Paths, and then click Left. Under Modify: Left, do the following:In the Start list, select With Previous.In the Speed list, select Medium.In the Custom Animation task pane, select the third animation effect (left motion path for the first picture). On the slide, select the left motion path. Point to the endpoint (red arrow) of the selected motion path until the cursor becomes a two-headed arrow. Drag the endpoint to the intersection of the drawing guides in the upper left area of the slide (2.83 vertical left and 0.83 horizontal top).To reproduce the second animated picture effect on this slide, do the following:On the Insert tab, in the Illustrations group, click Picture. In the Insert Picture dialog box, select a picture and then click Insert.On the slide, select the picture. Under PictureTools, on the Format tab, in the PictureStyles group, click Picture Shape, and then under BasicShapes click Oval (first row, first option from the left).Select the oval picture. Under Picture Tools, on the Format tab, in the bottom right corner of the Size group, click the Size and Position dialog box launcher. In the Size and Position dialog box, on the Size tab, resize or crop the picture as needed so that under Size and rotate, the Height box is set to 12” and the Width box is set to 12”. Resize the picture under Size and rotate by entering values into the Height and Width boxes. Crop the picture under Crop from by entering values into the Left, Right, Top, and Bottom boxes. On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click AlignCenter.Click AlignMiddle. On the Animations tab, in the Animations group, click CustomAnimation.On the slide, select the picture. In the CustomAnimation task pane, do the following:Click Add Effect, point to Entrance, and then click MoreEffects. In the Add Entrance Effect dialog box, under Subtle, click Fade, and then click OK. Under Modify: Fade, do the following:In the Start list, select With Previous.In the Speed list, select Medium.Click Add Effect, point to Emphasis, and then click MoreEffects. In the Add Emphasis Effect dialog box, under Basic, click Grow/Shrink, and then click OK. Under Modify: Grow/Shrink, do the following: In the Start list, select After Previous. In the Size list, in the Custom box, enter 20%, and then press ENTER. In the Speed list, select Medium.Click Add Effect, point to Motion Paths, and then click Up. Under Modify: Up, do the following:In the Start list, select With Previous.In the Speed list, select Medium.In the Custom Animation task pane, select the sixth animation effect (up motion path for the second picture). On the slide, point to the endpoint (red arrow) of the selected motion path until the cursor becomes a two-headed arrow. Drag the endpoint to the intersection of the drawing guides in the upper middle area of the slide (0.00 vertical and 0.83 horizontal top). To reproduce the third animated picture effect on this slide, do the following:On the Insert tab, in the Illustrations group, click Picture. In the Insert Picture dialog box, select a picture and then click Insert.On the slide, select the picture. Under PictureTools, on the Format tab, in the PictureStyles group, click Picture Shape, and then under BasicShapes click Oval (first row, first option from the left).Select the oval picture. Under Picture Tools, on the Format tab, in the bottom right corner of the Size group, click the Size and Position dialog box launcher. In the Size and Position dialog box, on the Size tab, resize or crop the picture as needed so that under Size and rotate, the Height box is set to 12” and the Width box is set to 12”. Resize the picture under Size and rotate by entering values into the Height and Width boxes. Crop the picture under Crop from by entering values into the Left, Right, Top, and Bottom boxes. On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click AlignCenter.Click AlignMiddle. On the Animations tab, in the Animations group, click CustomAnimation.On the slide, select the picture. In the CustomAnimation task pane, do the following:Click Add Effect, point to Entrance, and then click MoreEffects. In the Add Entrance Effect dialog box, under Subtle, click Fade, and then click OK. Under Modify: Fade, do the following:In the Start list, select With Previous.In the Speed list, select Medium.Click Add Effect, point to Emphasis, and then click MoreEffects. In the Add Emphasis Effect dialog box, under Basic, click Grow/Shrink, and then click OK. Under Modify: Grow/Shrink, do the following: In the Start list, select After Previous. In the Size list, in the Custom box, enter 20%, and then press ENTER. In the Speed list, select Medium.Click Add Effect, point to Motion Paths, and then click Right. Under Modify: Right, do the following:In the Start list, select With Previous.In the Speed list, select Medium.In the Custom Animation task pane, select the ninth animation effect (right motion path for the third picture). On the slide, point to the endpoint (red arrow) of the selected motion path until the cursor becomes a two-headed arrow. Drag the endpoint to the intersection of the drawing guides in the upper right area of the slide (0.83 horizontal top and 2.83 vertical right). To reproduce the animated text effects on this slide, do the following:On the Insert tab, in the Text group, click TextBox. On the slide, drag to draw a text box.Enter text in the text box, and then select the text. On the Home tab, in the Font group, select Candara from the Font list, select 24 from the Font Size list, click the arrow next to Font Color, and then under Theme Colors click White, Background 1 (first row, first option from the left).On the Home tab, in the Paragraph group, click Center.On the slide, select the text box. On the Home tab, in the Clipboard group, click the arrow under Paste, and then click Duplicate. Repeat this process once more for a total of three text boxes.Click in the duplicate text boxes, and then edit the text. Select the first text box, and then drag it on the slide so that it is centered on the left vertical drawing guide at 2.83 and below the horizontal drawing guide at 0.00.Select the second text box, and then drag it on the slide so that it is centered on the vertical drawing guide at 0.00 and below the horizontal drawing guide at 0.00.Select the third text box, and then drag it on the slide so that it is centered on the right vertical drawing guide at 2.83 and below the horizontal drawing guide at 0.00.On the slide, select the first (left) text box. In the CustomAnimation task pane, do the following:Click Add Effect, point to Entrance, and then click MoreEffects. In the Add Entrance Effect dialog box, under Moderate, click Descend, and then click OK. Under Modify: Descend, in the Start list, select With Previous.Under Modify: Descend, in the Speed list, select Fast.Also in the CustomAnimation task pane, click the arrow to the right of the 10th animation effect (descend effect for the first text box), and then click Timing. In the Descend dialog box, on the Timing tab, in the Delay box, enter 2, and then click OK.On the slide, select the second (center) text box. In the CustomAnimation task pane, do the following:Click Add Effect, point to Entrance, and then click MoreEffects. In the Add Entrance Effect dialog box, under Moderate, click Descend, and then click OK. Under Modify: Descend, in the Start list, select With Previous.Under Modify: Descend, in the Speed list, select Fast.Also in the CustomAnimation task pane, click the arrow to the right of the 10th animation effect (descend effect for the first text box), and then click Timing. In the Descend dialog box, on the Timing tab, in the Delay box, enter 3, and then click OK.On the slide, select the third (right) text box. In the CustomAnimation task pane, do the following:Click Add Effect, point to Entrance, and then click MoreEffects. In the Add Entrance Effect dialog box, under Moderate, click Descend, and then click OK. Under Modify: Descend, in the Start list, select With Previous.Under Modify: Descend, in the Speed list, select Fast.Also in the CustomAnimation task pane, click the arrow to the right of the 10th animation effect (descend effect for the first text box), and then click Timing. In the Descend dialog box, on the Timing tab, in the Delay box, enter 4, and then click OK.To reproduce the background effects on this slide, do the following:On the Design tab, in the bottom right corner of the Background group, click the FormatBackground dialog box launcher. In the FormatBackground dialog box, in the left pane, click Fill. In the Fill pane, click Picture or text fill, and then under InsertFrom, click File. In the Insert Picture dialog box, select a picture and then click Insert.Also the FormatBackground dialog box, in the left pane, click Picture. In the Picture pane, click the button next to Recolor, and then under ColorModes click Grayscale (first option from the left).
Timeline graphic with pictures(Intermediate)To reproduce the picture effects on this slide, do the following:On the Home tab, in the Slides group, click Layout, and then click Blank.On the Insert tab, in the Illustrations group, click Picture. In the Insert Picture dialog box, select a picture and then click Insert. Select the picture. Under Picture Tools, on the Format tab, in the bottom right corner of the Size group, click the Size and Position dialog box launcher.In the Size and Position dialog box, on the Size tab, resize or crop the picture as needed so that under Size and rotate, the Height box is set to 2.65” and the Width box is set to 9”. Resize the picture under Size and rotate by entering values into the Height and Width boxes. Crop the picture under Crop from by entering values into the Left, Right, Top, and Bottom boxes. Under Picture Tools, in the Format tab, in the Picture Styles group, click Picture Shape, and then under Rectangles click Round Same Side Corner Rectangle (eighth option from the left).Drag the top yellow diamond adjustment handle slightly to the right to decrease the amount of rounding on the corners. Under Picture Tools, in the Format tab, in the Picture Styles group, click Picture Effects, point to Shadow, and then under Inner click Inside Center (second row, second option from the left).To reproduce the timeline effects on this slide, do the following:On the Home tab, in the Drawing group, click Shapes, and then under Rectangles click Rectangle (first option from the left). On the slide, drag to draw a rectangle.Select the rectangle. Under Drawing Tools, on the Format tab, in the Size group, do the following:In the Shape Height box, enter 0.73”.In the Shape Width box, enter 9”.On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the Format Shape dialog box, click Fill in the left pane, select Solid fill in the Fill pane, and then do the following:Click the button next to Color, and then under Theme Colors click Black, Text 1, Lighter 35% (third row, second option from the left).In the Transparency box, enter 20%.Also in the Format Shape dialog box, click Line Color in the left pane, and then in the right pane, select No line. Also in the Format Shape dialog box, click Shadow in the left pane. In the right pane, click the button next to Presets, and then under Inner click Inside Center (second row, second option from the left). Drag the rectangle onto the bottom of the picture. Press and hold SHIFT and select the rectangle and the picture. On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following: Click Align Selected Objects. Click Align Center.Click Align Top.Click Align to Slide.Click Align Center. To reproduce the month labels for the timeline, do the following:On the Insert tab, in the Text group, click Text Box, and then on the slide, drag to draw the text box.Enter text in the text box (in this example the text is “JAN”), select the text, and then on the Home tab, in the Font group, select Gil Sans MT Condensed from the Font list, select 18 from the Font Size list, click the arrow next to Font Color, and then under Theme Colors click White, Background 1, Darker 35% (fifth row, first option from the left).On the Home tab, in the Paragraph group, click Center to center the text in the text box. Select the text box. On the Home tab, in the Clipboard group, click the arrow under Paste, and then click Duplicate. Repeat the process until there is a total of six text boxes. On the slide, drag the text boxes onto the rectangle to form a timeline. On the Home tab, in the Editing group, click Select, and then click Selection Pane. In the Selection and Visibility pane, press and hold CTRL and select all six text boxes and the rectangle.On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align Selected Objects.Click Align Middle. In the Selection and Visibility pane, press and hold CTRL and cancel the selection of the rectangle, keeping the text boxes selected. On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Distribute Horizontally. To change the text in the duplicate text boxes, click in each text box and edit the text.To change the color of the second text box from the left, select the text box, and then on the Home tab, in the Font group, click the arrow next to Font Color, and then under Theme Colors click White, Background 1 (first row, first option from the left). To reproduce the vertical line with text effects on this slide, do the following:On the Home tab, in the Drawing group, click Shapes, and then under Lines click Line (first option from the left).Press and hold SHIFT, and then drag on the slide to draw a straight, vertical line. Select the line. Under Drawing Tools, on the Format tab, in the Size group, in the Shape Width box, enter 1.2”.On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the Format Shape dialog box, click Line Color in the left pane, and then do the following in the right pane:Select Solid line.Click the button next to Color, and then under Theme Colors click White, Background 1, Darker 25% (fourth row, first option from the left).Also in the Format Shape dialog box, click Line Style in the left pane, and then do the following in the right pane:In the Width box, enter 0.75 pt.Under Arrow Settings, click the button next to Begin type, and then click Oval Arrow (second row, third option from the left).Click the button next to Begin size, and then click Arrow L Size 1 (first row, first option from the left).Click the button next to End type, and then enter Oval Arrow (second row, third option from the left).Click the button next to End size, and then enter Arrow R Size 1 (first row, first option from the left).On the Home tab, in the Clipboard group, click the arrow under Paste, and then click Duplicate. Select the duplicate line. Under Drawing Tools, on the Format tab, in the Size group, in the Shape Width box, enter 2.6”.Press and hold SHIFT and select both lines. On the Home tab, in the Drawing group, click Arrange, and then do the following:Point to Align, and then click Align Selected Objects.Point to Align, and then click Align Center.Drag both lines together on the slide to position them under one of the timeline month labels. Press and hold SHIFT and select both lines and the text box they are under. On the Home tab, in the Drawing group, click Arrange, and then do the following:Click Align Selected Objects.Click Align Center.On the Insert tab, in the Text group, click Text Box, and then on the slide, drag to draw the text box.Enter text in the text box, select the text, and then on the Home tab, in the Font group, select Gill Sans MT from the Font list, select 20 from the Font Size list, and then click the arrow next to Font Color and click White, Background 1 (first row, first option from the left).On the Home tab, in the Paragraph group, click Align Text Left to align the text left in the text box. On the slide, drag the text box to position it to the right of the vertical line. To reproduce the background on this slide, do the following:Right-click the slide background area, and then click Format Background. In the Format Background dialog box, click Fill in the left pane, select Gradient fill in the Fill pane, and then do the following:In the Type list, select Linear.Click the button next to Direction, and then click Linear Down (first row, second option from the left).Under Gradient stops, click Add or Remove until two stops appear in the drop-down list.Also under Gradient stops, customize the gradient stops that you added as follows:Select Stop 1 from the list, and then do the following:In the Stop position box, enter 50%.Click the button next to Color, and then under Theme Colors click Black, Text 1 (first row, second option from the left).Select Stop 2 from the list, and then do the following:In the Stop position box, enter 99%.Click the button next to Color, and then under Theme Colors click Black, Text 1, Lighter 35% (third row, second option from the left).
Timeline graphic with pictures(Intermediate)To reproduce the picture effects on this slide, do the following:On the Home tab, in the Slides group, click Layout, and then click Blank.On the Insert tab, in the Illustrations group, click Picture. In the Insert Picture dialog box, select a picture and then click Insert. Select the picture. Under Picture Tools, on the Format tab, in the bottom right corner of the Size group, click the Size and Position dialog box launcher.In the Size and Position dialog box, on the Size tab, resize or crop the picture as needed so that under Size and rotate, the Height box is set to 2.65” and the Width box is set to 9”. Resize the picture under Size and rotate by entering values into the Height and Width boxes. Crop the picture under Crop from by entering values into the Left, Right, Top, and Bottom boxes. Under Picture Tools, in the Format tab, in the Picture Styles group, click Picture Shape, and then under Rectangles click Round Same Side Corner Rectangle (eighth option from the left).Drag the top yellow diamond adjustment handle slightly to the right to decrease the amount of rounding on the corners. Under Picture Tools, in the Format tab, in the Picture Styles group, click Picture Effects, point to Shadow, and then under Inner click Inside Center (second row, second option from the left).To reproduce the timeline effects on this slide, do the following:On the Home tab, in the Drawing group, click Shapes, and then under Rectangles click Rectangle (first option from the left). On the slide, drag to draw a rectangle.Select the rectangle. Under Drawing Tools, on the Format tab, in the Size group, do the following:In the Shape Height box, enter 0.73”.In the Shape Width box, enter 9”.On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the Format Shape dialog box, click Fill in the left pane, select Solid fill in the Fill pane, and then do the following:Click the button next to Color, and then under Theme Colors click Black, Text 1, Lighter 35% (third row, second option from the left).In the Transparency box, enter 20%.Also in the Format Shape dialog box, click Line Color in the left pane, and then in the right pane, select No line. Also in the Format Shape dialog box, click Shadow in the left pane. In the right pane, click the button next to Presets, and then under Inner click Inside Center (second row, second option from the left). Drag the rectangle onto the bottom of the picture. Press and hold SHIFT and select the rectangle and the picture. On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following: Click Align Selected Objects. Click Align Center.Click Align Top.Click Align to Slide.Click Align Center. To reproduce the month labels for the timeline, do the following:On the Insert tab, in the Text group, click Text Box, and then on the slide, drag to draw the text box.Enter text in the text box (in this example the text is “JAN”), select the text, and then on the Home tab, in the Font group, select Gil Sans MT Condensed from the Font list, select 18 from the Font Size list, click the arrow next to Font Color, and then under Theme Colors click White, Background 1, Darker 35% (fifth row, first option from the left).On the Home tab, in the Paragraph group, click Center to center the text in the text box. Select the text box. On the Home tab, in the Clipboard group, click the arrow under Paste, and then click Duplicate. Repeat the process until there is a total of six text boxes. On the slide, drag the text boxes onto the rectangle to form a timeline. On the Home tab, in the Editing group, click Select, and then click Selection Pane. In the Selection and Visibility pane, press and hold CTRL and select all six text boxes and the rectangle.On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align Selected Objects.Click Align Middle. In the Selection and Visibility pane, press and hold CTRL and cancel the selection of the rectangle, keeping the text boxes selected. On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Distribute Horizontally. To change the text in the duplicate text boxes, click in each text box and edit the text.To change the color of the second text box from the left, select the text box, and then on the Home tab, in the Font group, click the arrow next to Font Color, and then under Theme Colors click White, Background 1 (first row, first option from the left). To reproduce the vertical line with text effects on this slide, do the following:On the Home tab, in the Drawing group, click Shapes, and then under Lines click Line (first option from the left).Press and hold SHIFT, and then drag on the slide to draw a straight, vertical line. Select the line. Under Drawing Tools, on the Format tab, in the Size group, in the Shape Width box, enter 1.2”.On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the Format Shape dialog box, click Line Color in the left pane, and then do the following in the right pane:Select Solid line.Click the button next to Color, and then under Theme Colors click White, Background 1, Darker 25% (fourth row, first option from the left).Also in the Format Shape dialog box, click Line Style in the left pane, and then do the following in the right pane:In the Width box, enter 0.75 pt.Under Arrow Settings, click the button next to Begin type, and then click Oval Arrow (second row, third option from the left).Click the button next to Begin size, and then click Arrow L Size 1 (first row, first option from the left).Click the button next to End type, and then enter Oval Arrow (second row, third option from the left).Click the button next to End size, and then enter Arrow R Size 1 (first row, first option from the left).On the Home tab, in the Clipboard group, click the arrow under Paste, and then click Duplicate. Select the duplicate line. Under Drawing Tools, on the Format tab, in the Size group, in the Shape Width box, enter 2.6”.Press and hold SHIFT and select both lines. On the Home tab, in the Drawing group, click Arrange, and then do the following:Point to Align, and then click Align Selected Objects.Point to Align, and then click Align Center.Drag both lines together on the slide to position them under one of the timeline month labels. Press and hold SHIFT and select both lines and the text box they are under. On the Home tab, in the Drawing group, click Arrange, and then do the following:Click Align Selected Objects.Click Align Center.On the Insert tab, in the Text group, click Text Box, and then on the slide, drag to draw the text box.Enter text in the text box, select the text, and then on the Home tab, in the Font group, select Gill Sans MT from the Font list, select 20 from the Font Size list, and then click the arrow next to Font Color and click White, Background 1 (first row, first option from the left).On the Home tab, in the Paragraph group, click Align Text Left to align the text left in the text box. On the slide, drag the text box to position it to the right of the vertical line. To reproduce the background on this slide, do the following:Right-click the slide background area, and then click Format Background. In the Format Background dialog box, click Fill in the left pane, select Gradient fill in the Fill pane, and then do the following:In the Type list, select Linear.Click the button next to Direction, and then click Linear Down (first row, second option from the left).Under Gradient stops, click Add or Remove until two stops appear in the drop-down list.Also under Gradient stops, customize the gradient stops that you added as follows:Select Stop 1 from the list, and then do the following:In the Stop position box, enter 50%.Click the button next to Color, and then under Theme Colors click Black, Text 1 (first row, second option from the left).Select Stop 2 from the list, and then do the following:In the Stop position box, enter 99%.Click the button next to Color, and then under Theme Colors click Black, Text 1, Lighter 35% (third row, second option from the left).
Custom animation effects: line sweeps in picture and text(Basic)To reproduce the shape effects on this slide, do the following:On the Home tab, in the Slides group, click Layout, and then click Blank.On the Home tab, in the Drawing group, click Shapes, and then under Lines click Line (first option from the left).On the slide, press and hold SHIFT, and then drag to draw a straight, vertical line.Select the line. Under DrawingTools, on the Format tab, in the Size group, in the Shape Width box, enter 7.5”.Under DrawingTools, on the Format tab, in the ShapeStyles group, click the Format Shape dialog box launcher. In the Format Shape dialog box, click LineColor in the left pane. In the LineColor pane, select Solidline, click the button next to Color, and then under ThemeColors click Black, Text 1 (first row, second option from the left).Also in the Format Shape dialog box, click LineStyle in the left pane. In the LineStyle pane, in the Weight box, enter 2 pt.Under DrawingTools, on the Format tab, in the ShapeStyles group, click ShapeEffects, point to Glow, and then under GlowVariations click Accent color 1, 5 pt glow (first row, first option from the left). Under DrawingTools, on the Format tab, in the ShapeStyles group, click ShapeEffects, point to Glow, point to MoreGlowColors, and then under ThemeColors click White, Background 1 (first row, first option from the left).On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click AlignCenter.Click AlignMiddle.On the slide, select the line. On the Home tab, in the Clipboard group, click the arrow under Paste, and then click Duplicate.Drag the duplicate line slightly off the right edge of the slide.With the duplicate line still selected, on the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following: Click Align to Slide. Click Align Middle.On the Insert tab, in the Illustrations group, click Picture. In the InsertPicture dialog box, select a picture, and then click Insert.On the slide, select the picture. Under Picture Tools, on the Format tab, in the bottom right corner of the Size group, click the Size and Position dialog box launcher. In the Size and Position dialog box, on the Size tab, resize or crop the picture as needed so that under Size and rotate, the Height box is set to 7.5” and the Width box is set to 5”. Resize the picture under Size and rotate by entering values into the Height and Width boxes. Crop the picture under Crop from by entering values into the Left, Right, Top, and Bottom boxes. On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click AlignRight.Click AlignMiddle.To reproduce the text effects on this slide, do the following:On the Insert tab, in the Illustrations group, click TextBox. On the slide, drag to draw a text box.Enter text in the text box, and then select the text. On the Home tab, in the Font group, do the following:In the Font list, select Arial.In the FontSize list, select 28.Click Bold.Click the button next to FontColor, and then under ThemeColors click White, Background 1 (first row, first option from the left).On the Home tab, in the Paragraph group, click AlignTextRight to align the text right in the text box. Drag the text box onto the left half of the slide.To reproduce the background effects on this slide, do the following:Right-click the slide background area, and then click Format Background. In the Format Background dialog box, click Fill in the left pane, select Gradient fill in the Fill pane, and then do the following:In the Type list, select Linear.Click the button next to Direction, and then click Linear Down (first row, second option from the left).Under Gradient stops, click Add or Remove until two stops appear in the drop-down list.Also under Gradient stops, customize the gradient stops that you added as follows:Select Stop 1 from the list, and then do the following:In the Stop position box, enter 40%.Click the button next to Color, and then click Black, Text 1 (first row, second option from the left).Select Stop 2 from the list, and then do the following: In the Stop position box, enter 100%.Click the button next to Color, and then click Black, Text 1, Lighter 50% (second row, second option from the left).To reproduce the animation effects on this slide, do the following:On the Animations tab, in the Animations group, click CustomAnimation. Select the line off the right edge of the slide. In the CustomAnimation task pane, do the following:Click AddEffect, point to Entrance, and then click MoreEffects. In the AddEntranceEffect dialog box, under Basic, click FlyIn.Select the animation effect (fly-in effect for the second line). Under Modify: Fly In,do the following:In the Start list, select After Previous.In the Direction list, select FromLeft.In the Speed list, select Fast.On the Home tab, in the Editing group, click Select, and then click Selection Pane.In the Selection and Visibility pane, select the first line you created (in the middle of the slide). In the CustomAnimation task pane, do the following:Click AddEffect, point to Entrance, and then click MoreEffects. In the AddEntranceEffect dialog box, under Basic, click FlyIn.Select the second animation effect (fly-in effect for the first line). Under Modify: Fly In,do the following:In the Start list, select AfterPrevious.In the Direction list, select FromRight.In the Speed list, select Fast.On the slide, select the picture. In the CustomAnimation task pane, do the following:Click AddEffect, point to Entrance, and then click MoreEffects. In the AddEntranceEffect dialog box, under Basic, click Wipe.Select the third animation effect (wipe effect for the picture). Under Modify: Wipe,do the following:In the Start list, select WithPrevious.In the Direction list, select FromRight.In the Speed list, select Fast.On the slide, select the text box. In the CustomAnimation task pane, do the following:Click AddEffect, point to Entrance, and then click MoreEffects. In the AddEntranceEffect dialog box, under Basic, click FlyIn.Select the fourth animation effect (fly-in effect for the text box). Under Modify: Fly In,do the following:In the Start list, select WithPrevious.In the Direction list, select FromRight.In the Speed list, select Fast.
Picture with three text columns(Intermediate)To reproduce the picture effects on this slide, do the following:On the Home tab, in the Slides group, click Layout, and then click Blank.On the Insert tab, in the Illustrations group, click Picture. In the Insert Picture dialog box, select a picture and then click Insert. Select the picture. Under Picture Tools, on the Format tab, in the bottom right corner of the Size group, click the Size and Position dialog box launcher.In the Size and Position dialog box, on the Size tab, resize or crop the picture as needed so that under Size and rotate, the Height box is set to 1.48” and the Width box is set to 9.17”. Resize the picture under Size and rotate by entering values into the Height and Width boxes. Crop the picture under Crop from by entering values into the Left, Right, Top, and Bottom boxes. On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the Format Shape dialog box, click Line Color in the left pane, select Gradient line in the right pane, and then do the following:In the Type list, select Linear. Click the button next to Direction, and then click Linear Up (second row, second option from the left). Under Gradient stops, click Add or Remove until two stops appear in the drop-down list.Also under Gradient stops, customize the gradient stops that you added as follows:Select Stop 1 from the list, and then do the following:In the Stop position box, enter 0%.Click the button next to Color, and then under Theme Colors click White, Background 1 (first row, first option from the left).Select Stop 2 from the list, and then do the following:In the Stop position box, enter 100%.Click the button next to Color, and then under Theme Colors click White, Background 1, Darker 25% (fourth row, first option from the left).Also in the Format Shape dialog box, click Line Style in the left pane, and then in the right pane, in the Width box, enter 1 pt. On the Home tab, in the Drawing group, click Shape Effects, point to Glow,and then do the following:Under Glow Variations,select any option in the first row (5 pt glow options).Point to More Glow Colors, and then under Theme Colors click White, Background 1, Darker 25% (fourth row, first option from the left).On the Home tab, in the Drawing group, click Arrange, point to Align, and then click Align Center.To reproduce the first column heading on this slide, do the following:On the Home tab, in the Drawing group, click Shapes, and then under Rectangles, click Rectangle (first option from the left). On the slide, drag to draw a rectangle.Under Drawing Tools, on the Format tab, in the Size group, do the following:In the Shape Height box, enter 1”.In the Shape Width box, enter 2.92”.On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the Format Shape dialog box, click Fill in the left pane, select Gradient fill in the right pane, and then do the following:In the Type list, select Linear.Click the button next to Direction, and then click Linear Down (first row, second option from the left).Under Gradient stops, click Add or Remove until two stops appear in the drop-down list.Also under Gradient stops, customize the gradient stops that you added as follows:Select Stop 1 from the list, and then do the following:In the Stop position box, enter 32%.Click the button next to Color, and then under Theme Colors click Tan, Background 2 (first row, third option from the left).Select Stop 2 from the list, and then do the following:In the Stop position box, enter 100%.Click the button next to Color, and then under Theme Colors click Tan, Background 2, Darker 25% (third row, third option from the left).Also in the Format Shape dialog box, click Line Color in the left pane, select Gradient line in the Line Color pane, and then do the following:In the Type list, select Linear.Click the button next to Direction, and then click Linear Up (second row, second option from the left).Under Gradient stops, click Add or Remove until two stops appear in the drop-down list.Also under Gradient stops, customize the gradient stops that you added as follows:Select Stop 1 from the list, and then do the following:In the Stop position box, enter 0%.Click the button next to Color, and then under Theme Colors click White, Background 1 (first row, first option from the left).Select Stop 2 from the list, and then do the following:In the Stop position box, enter 100%.Click the button next to Color, and then under Theme Colors click White, Background 1, Darker 25% (fourth row, first option from the left).Also in the Format Shape dialog box, click Line Style in the left pane. In the right pane, in the Width box, enter 1 pt. On the Home tab, in the Drawing group, click Shape Effects, point to Glow, and then do the following:Under Glow Variations,select any option in the first row (5 pt glow options).Point to More Glow Colors, and then under Theme Colors click White, Background 1, Darker 25% (fourth row, first option from the left).On the slide, right-click the rectangle and then click Edit Text. Enter text in the text box and select the text. On the Home tab, in the Font group, select Gill Sans MT from the Font list and then select 24 from the Font Size list.On the Home tab, in the Paragraph group, click Align Text Left to align the text left within the text box.Under Drawing Tools, on the Format tab, in the WordArt Styles group, click the arrow next to Text Fill, and then under Theme Colors click Tan, Background 2, Darker 75% (fifth row, third option from the left). On the Home tab, in the bottom-right corner of the Drawing group, click the Format Shapes dialog box launcher. In the Format Shapes dialog box, click Text Box in the left pane. In the right pane, under Internal margin, enter 1” in the Left box to increase the left margin in the rectangle to accommodate the embossed number. On the Home tab, in the Drawing group, click Shapes, and then under Lines, click Line (first option from the left).Press and hold SHIFT, and then on the slide, drag to draw a straight, vertical line. Under Drawing Tools, on the Format tab, in the Size group, in the Width box, enter 0.75”.On the Home tab, in the bottom-right corner of the Drawing group, click the Format Shapes dialog box launcher. In the Format Shapes dialog box, click Line Style in the left pane, and then do the following in the right pane:In the Width box, enter 2.25 pt.Click the button next to Dash type, and then click Round Dot (second option from the top). Also in the Format Shapes dialog box, click Line Color in the left pane. In the right pane, click the button next to Color, and then under Theme Colors click White, Background 1 (first row, first option from the left). On the slide, drag the line onto the rectangle, just left of the text box. On the Insert tab, in the Text box, click Text Box and then on the slide, drag to draw another text box. Enter 1 in the text box and select the text. On the Home tab, in the Font group, select Calisto MT from the Font list and then enter 50 in the Font Size box.On the Home tab, in the Paragraph group, click Center to center the text within the text box.Under Drawing Tools, on the Format tab, in the WordArt Styles group, click the arrow next to Text Fill, and then under Theme Colors click Tan, Background 2, Darker 25% (third row, third option from the left). Drag the text box onto the rectangle, left of the dotted vertical line. On the Home tab, in the Editing group, click Select, and then click Selection Pane. In the Selectionand Visibility pane, press and hold CTRL to select the text box, line, and rectangle.On the Home tab, in the Drawing group, click Arrange, point to Align, and then click Align Middle. To reproduce the other column headings on this slide, do the following:On the Home tab, in the Editing group, click Select, and then click Selection Pane. In the Selectionand Visibility pane, press and hold CTRL to select the text box, line, and rectangle.On the Home tab, in the Drawing group, click Arrange, and then under Group Objects click Group. On the Home tab, in the Clipboard group, click the arrow under Paste, and then click Duplicate. Repeat the process until you have a total of three groups of shapes.Select each group in the Selection and Visibility pane and drag it on the slide to form a row under the picture. Also in the Selection and Visibility pane, press and hold CTRL and select all three groups. On the Home tab, in the Drawing group, click Arrange, point to Align,and then do the following:Click Align Middle. Click Distribute Horizontally. To change the numbers in the duplicate text boxes (second and third from the left), click in each text box and edit the text. To reproduce the first column (the “subtext” portion) on this slide, do the following:On the Home tab, in the Drawing group, click Shapes, and then under Rectangles click Rectangle (first option from the left). On the slide, drag to draw the rectangle so that the top edge is just below the first column heading and the bottom edge is at the bottom of the slide. Under Drawing Tools, on the Format tab, in the Size group, in the Shape Width box, enter 2.92” so that the subtext column is the same width as the column heading above it. On the Home tab, in the Drawing group, click the arrow next to Shape Outline, and then click No Outline.On the Home tab, in the bottom right corner of the Drawing group, click the Format Shape dialog box launcher. In the Format Shape dialog box, click Fill in the left pane, select Gradient fill in the right pane, and then do the following:In the Type list, select Linear.Click the button next to Direction, and then click Linear Down (first row, second option from the left).Under Gradient stops, click Add or Remove until three stops appear in the drop-down list.Also under Gradient stops, customize the gradient stops that you added as follows:Select Stop 1 from the list, and then do the following:In the Stop position box, enter 0%.Click the button next to Color, and then under Theme Colors click White, Background 1 (first row, first option from the left).In the Transparency box, enter 100%. Select Stop 2 from the list, and then do the following:In the Stop position box, enter 50%.Click the button next to Color, and then under Theme Colors click Tan, Background 2, Darker 25% (third row, third option from the left).In the Transparency box, enter 25%. Select Stop 3 from the list, and then do the following:In the Stop position box, enter 100%.Click the button next to Color, and then under Theme Colors click White, Background 1 (first row, first option from the left).In the Transparency box, enter 100%. On the slide, right-click the column and then click Edit Text. Enter text in the text box and select the text. On the Home tab, in the Font group, select Gill Sans MT from the Font list and then enter 22 in the Font Size box.On the Home tab, in the Paragraph group, click Center to center the text within the rectangle.Under Drawing Tools, on the Format tab, in the WordArt Styles group, click the arrow next to Text Fill, and then under Theme Colors click White, Background 1, Darker 50% (sixth row, first option from the left). On the Home tab, in the bottom-right corner of the Drawing group, click the Format Shapes dialog box launcher. In the Format Shapes dialog box, click Text Box in the left pane. In the right pane, under Text layout, in the Vertical Alignment list, select Top. To reproduce the other columns (the “subtext” portion) on this slide, do the following:Select the first “subtext” rectangle. On the Home tab, in the Clipboard group, click the arrow under Paste, and then click Duplicate. Repeat the process until you have a total of three “subtext” rectangles.Drag each duplicate on the slide to form a row under the “text heading” rectangles. Press and hold SHIFT and select all three “subtext” rectangles. On the Home tab, in the Drawing group, click Arrange, point to Align, and then click Distribute Horizontally. To reproduce the background on this slide, do the following:Right-click the slide background area, and then click Format Background. In the Format Background dialog box, click Fill in the left pane, select Gradient fill in the right pane, and then do the following:In the Type list, select Radial.Click the button next to Direction, and then click From Center (third option from the left).Under Gradient stops, click Add or Remove until two stops appear in the drop-down list.Also under Gradient stops, customize the gradient stops that you added as follows:Select Stop 1 from the list, and then do the following:In the Stop position box, enter 0%.Click the button next to Color, and then under Theme Colors click White, Background 1 (first row, first option from the left).Select Stop 2 from the list, and then do the following:In the Stop position box, enter 100%.Click the button next to Color, and then under Theme Colors click Tan, Background 2 (first row, third option from the left).
Custom animation effects: Grayscale picture fades to full color(Basic)To reproduce the grayscale picture effects on this slide, do the following:On the Home tab, in the Slides group, click Layout, and then click Blank. On the Insert tab, in the Illustrations group, click Picture. In the Insert Picture dialog box, select a color picture and then click Insert. On the slide, select the picture. Under Picture Tools, on the Format tab, in the bottom right corner of the Size group, click the Size and Position dialog box launcher. In the Size and Position dialog box, on the Size tab, resize or crop the picture as needed so that under Size and rotate, the Height box is set to 4.15” and the Width box is set to 6.25”. Resize the picture under Size and rotate by entering values into the Height and Width boxes. Crop the picture under Crop from by entering values into the Left, Right, Top, and Bottom boxes. Under PictureTools, on the Format tab, in the Adjust group, click Recolor, and then under Color Modes click Grayscale (first option from the left).Right-click the grayscale picture, and then click Format Picture. In the Format Picture dialog box, in the left pane, click Shadow. In the Shadow pane, click the button next to Presets, and then under Outer click Offset Diagonal Top Right (third row, first option on the left).On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Align Middle.Click Align Center.To reproduce the full-color picture effects on this slide, do the following:Select the grayscale picture. On the Home tab, in the Clipboard group, click the arrow under Paste, and then click Duplicate.Select the duplicate picture. Under PictureTools, on the Format tab, in the Adjust group, click Recolor, and then under No Recolor click No Recolor.On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Align Middle.Click Align Center.To reproduce the animation effects on this slide, do the following:On the Animations tab, in the Animations group, click CustomAnimation.On the slide, select the full-color picture, and then do the following in the CustomAnimation task pane: Click Add Effect, point to Entrance, and then click MoreEffects. In the Add Entrance Effect dialog box,under Subtle, click Fade, and then click OK.Under Modify: Fade, in the Start list, select With Previous.Under Modify: Fade, in the Speed list, select Slow.Click Add Effect, point to Entrance, and then click MoreEffects. In the Add Entrance Effect dialog box,under Subtle, click Expand, and then click OK.Under Modify: Expand, in the Start list, select With Previous.Under Modify: Expand, in the Speed list, select Fast.To reproduce the background effects on this slide, do the following:On the Design tab, in the Background group, click BackgroundStyles, and then click Style 8 (second row, fourth option from the left). (Note: If this action is taken in a PowerPoint presentation containing more than one slide, the background style will be applied to all of the slides.)
Custom animation effects: recolored picture with full-color section and motion path(Advanced)To reproduce the picture effects on this slide, do the following:On the Home tab, in the Slides group, click Layout and then click Blank. On the Insert tab, in the Illustrations group, click Picture. In the Insert Picture dialog box, select a picture, and then click Insert. Select the picture. Under Picture Tools, on the Format tab, in the bottom right corner of the Size group, click the Size and Position dialog box launcher. In the Size and Position dialog box, on the Size tab, resize or crop the picture as needed so that under Size and rotate, the Height box is set to 3.58” and the Width box is set to 8”. Resize the picture under Size and rotate by entering values into the Height and Width boxes. Crop the picture under Crop from by entering values into the Left, Right, Top, and Bottom boxes. Under Picture Tools, on the Format tab, in the Adjust group, click Recolor, and then under Dark Variations click Text color 2 Dark (first option from the left). Under Picture Tools, on the Format tab, in the Picture Styles group, click Picture Effects, point to Shadow, and then under Inner click Inside Diagonal Top Left (first row, first option from the left).Drag the picture so that it is positioned above the middle of the slide. On the Home tab, in the Clipboard group, click the arrow next to Paste, and then click Duplicate.Press and hold CTRL and select both pictures on the slide. On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align to Slide.Click Align Center. Click Align Selected Objects. Click Align Middle. Click the slide background area to cancel the selection of both pictures. Select the duplicate (top) picture. Under Picture Tools, on the Format tab, in the bottom right corner of the Size group, click the Size and Position dialog box launcher. In the Size and Position dialog box, on the Size tab, under Crop from,enter valuesinto the Left and Right boxes so that under Size and rotate, and the Width box is set to 2.33”. (Note: For best results, crop the duplicate picture to tightly focus on a single element in the original picture.)Under Picture Tools, on the Format tab, in the Adjust group, click Recolor, and then under No Recolor click No Recolor. On the Home tab, in the Drawing group, click Shapes, and then under Rectangles click Rectangle (first option from the left). On the slide, drag to draw a rectangle. Select the rectangle. Under Drawing Tools, on the Format tab, in the Size group, do the following:In the Shape Height box, enter 7.5”.In the Shape Width box, enter 2.33”.Under Drawing Tools, on the Format tab, in the Shape Styles group, click the arrow next to Shape Fill, point to Gradient, and then click More Gradients. In the Format Shape dialog box, click Fill in the left pane, select Gradient fill in the Fill pane, and then do the following:In the Type list, select Linear.Click the button next to Direction, and then click Linear Down (first row, second option from the left).Under Gradient stops, click Add or Remove until two stops appear in the drop-down list.Also under Gradient stops, customize the gradient stops that you added as follows:Select Stop 1 from the list, and then do the following:In the Stop position box, enter 0%.Click the button next to Color, then under Theme Colors click White, Background 1 (first row, first option from the left).In the Transparency box, enter 55%.Select Stop 2 from the list, and then do the following: In the Stop position box, enter 100%.Click the button next to Color, and then under Theme Colors click White, Background 1 (first row, first option from the left).In the Transparency box, enter 100%.On the slide, drag the rectangle to cover the duplicate picture. Select the rectangle. On the Home tab, in the Drawing group, click Arrange, and then do the following:Point to Align, and then click Align to Slide.Point to Align, and then click Align Middle. Click Send Backward. On the Home tab, in the Drawing group, click Shapes, and then under Rectangles click Rectangle (first option from the left). On the slide, drag to draw another rectangle. Select the rectangle. Under Drawing Tools, on the Format tab, in the Size group, do the following:In the Shape Height box, enter 4”.In the Shape Width box, enter 2.67”.Under Drawing Tools, on the Format tab, in the Shape Styles group, click the arrow next to Shape Fill, point to Gradient, and then click More Gradients. In the Format Shape dialog box, click Fill in the left pane. In the Fill pane, select No fill. Also in the Format Shape dialog box, click Line Color in the left pane, select Solid line in the Line Color pane, and then do the following:Click the button next to Color, and then under Theme Colors click White, Background 1 (first row, first option from the left). In the Transparency box, enter 70%.Also in the Format Shape dialog box, click Line Style in the left pane, and then do the following in the Line Style pane:In the Width box, enter 0.75 pt. Click the button next to Dash type, and then click Square Dot (third option from the top).Drag the dotted rectangle on top of the small, full-color picture. Press and hold SHIFT and select the dotted rectangle, the small picture, and the large picture on the slide. On the Home tab, in the Drawing group, click Arrange, point to Align, and then do the following:Click Align Selected Objects. Click Align Middle. On the Insert tab, in the Text group, click Text Box, and then on the slide, drag to draw the text box.Enter text in the text box, select the text, and then on the Home tab, in the Font group, select Gill Sans MT Condensedfrom the Font list, select 24 from the Font Size list, click the button next to Font Color, and then under Theme Colors click White, Background 1 (first row, first option from the left).On the Home tab, in the Paragraph group, click Center to center the text within the text box.On the slide, drag the text box below the dotted rectangle.To reproduce the background effects on this slide, do the following:Right-click the slide background area, and then click Format Background. In the Format Background dialog box, click Fill in the left pane, and then select Solid fill in the Fill pane. Also in the Fill pane, click the button next to Color, and then under Theme Colors click Black, Text 1, Lighter 15% (fifth row, second option from the left).To reproduce the animation effects on this slide, do the following:To view the area beyond the slide, on the View tab, click Zoom, and then in the Zoom dialog box, in the Percent box, enter 70%. (Note: Make sure that Fit is not selected in the Zoom dialog box.)On the Animations tab, in the Animations group, click Custom Animation. On the slide, select the dotted rectangle. In the Custom Animation task pane, click Add Effect, point to Motion Paths, point to Draw Custom Path, and then click Freeform. Press and hold SHIFT to conform the path to a straight, horizontal line, and then do the following on the slide:Click the center of the dotted rectangle to create the first motion-path point.Click approximately ½” beyond the right edge of the rectangle to create the second motion-path point. Double-click approximately 2” beyond the left edge of the slide to create the third and final motion-path point. On the slide, right-click the freeform motion path, and then click Reverse Path Direction. On the slide, select the freeform motion path. In the Custom Animation task pane, under Modify: Custom Path, in the Start list, select With Previous. On the slide, select the gradient-filled rectangle. In the Custom Animation task pane, do the following:Click Add Effect, point to Entrance, and then click More Effects. In the Add Entrance Effect dialog box, under Subtle, click Fade, and then click OK. Under Modify: Fade, in the Start list, select With Previous.Under Modify: Fade, in the Speed list, select Very Fast.Click Add Effect, point to Motion Paths, and then click Down.Under Modify: Down, in the Start list, select With Previous. Under Modify: Down, in the Speed list, select Medium. On the slide, right-click the down motion path and click ReversePathDirection.On the slide, select the smaller, full-color picture. In the Custom Animation task pane, do the following:Click Add Effect, point to Entrance, and then click More Effects. In the Add Entrance Effect dialog box, under Subtle, click Fade, and then click OK. Under Modify: Fade, in the Start list, select With Previous.Under Modify: Fade, in the Speed list, select Very Fast.Right-click the picture fade effect in the pane, and then click Timing. In the Fade dialog box, on the Timing tab, in the Delay box, enter 1.5.On the slide, select the text box. In the Custom Animation task pane, do the following:Click Add Effect, point to Entrance, and then click More Effects. In the Add Entrance Effect dialog box, under Moderate, click Descend, and then click OK. Under Modify: Descend, in the Start list, select With Previous. Under Modify:Descend, in the Speed list, select Fast.