Vicky & Jonathan Oltersdorf of Oltersdorf Realty, LLC walk you through the steps of understanding and appealing your property taxes in Michigan! The Leelanau and Grand Traverse area real estate agents are knowledgeable in the subject and will help you understand the requirements needed for appealing at your local board of review or at the state level! They have also included many helpful links!
http://www.oltersdorf.com
A home is the most expensive purchase most people ever make. As an owner you will benefit from expert advice on the condition of your property - whether you plan to live in it, rent it out or sell it.
This is a clear, impartial guide to home surveys.
Seminar that we continue to develop to educate buyers and owners about real estate ownership. What's the state of the Kauai real estate market. What types of loans are available? Did you know ALL of Kauai is rural and qualifies for USDA 100% financing options? When you work your whole life to own a home, how do you protect that asset to leave it to your children when you pass on? There are benefits and risks to putting your property in the trust. We teach you this TOO.
Vicky & Jonathan Oltersdorf of Oltersdorf Realty, LLC walk you through the steps of understanding and appealing your property taxes in Michigan! The Leelanau and Grand Traverse area real estate agents are knowledgeable in the subject and will help you understand the requirements needed for appealing at your local board of review or at the state level! They have also included many helpful links!
http://www.oltersdorf.com
A home is the most expensive purchase most people ever make. As an owner you will benefit from expert advice on the condition of your property - whether you plan to live in it, rent it out or sell it.
This is a clear, impartial guide to home surveys.
Seminar that we continue to develop to educate buyers and owners about real estate ownership. What's the state of the Kauai real estate market. What types of loans are available? Did you know ALL of Kauai is rural and qualifies for USDA 100% financing options? When you work your whole life to own a home, how do you protect that asset to leave it to your children when you pass on? There are benefits and risks to putting your property in the trust. We teach you this TOO.
Among other tips, you will lean how the Vancouver real estate market cycle works, why it is important to have a good agent and team, what is currently happening in the Vancouver real estate market (including latest statistics), the elements that need to be present to lead to a successful purchase, the importance of a well prepared offer, and how to make your offer stand above others.
Successful Property Procurement: Another Amazing SJREI Eventsjreiassociation
Learn the insider secrets on successful property procurement from a proven pro: Michael Pierce of Prodesse! SJREI is the Bay Area's premier association for real estate investors to hear the industry's most elite speakers, network and learn.
Government Construction Contracting, Part I: Procurement, Protests,and Debar...Stites & Harbison
Stites & Harbison, PLLC attorney Mark W. Leach explains procurement, protests and debarment as they relate to government construction contracting.
For more information, please contact Mark Leah at mleach@stites.com, or visit our website at www.stites.com
Presentation on the Anatomy of An Appraisal, made at the ALI-CLE Annual Eminent Domain and Land Valuation Conference in January 2020 in Nashville, Tennessee
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
Among other tips, you will lean how the Vancouver real estate market cycle works, why it is important to have a good agent and team, what is currently happening in the Vancouver real estate market (including latest statistics), the elements that need to be present to lead to a successful purchase, the importance of a well prepared offer, and how to make your offer stand above others.
Successful Property Procurement: Another Amazing SJREI Eventsjreiassociation
Learn the insider secrets on successful property procurement from a proven pro: Michael Pierce of Prodesse! SJREI is the Bay Area's premier association for real estate investors to hear the industry's most elite speakers, network and learn.
Government Construction Contracting, Part I: Procurement, Protests,and Debar...Stites & Harbison
Stites & Harbison, PLLC attorney Mark W. Leach explains procurement, protests and debarment as they relate to government construction contracting.
For more information, please contact Mark Leah at mleach@stites.com, or visit our website at www.stites.com
Presentation on the Anatomy of An Appraisal, made at the ALI-CLE Annual Eminent Domain and Land Valuation Conference in January 2020 in Nashville, Tennessee
Introduction to AI for Nonprofits with Tapp NetworkTechSoup
Dive into the world of AI! Experts Jon Hill and Tareq Monaur will guide you through AI's role in enhancing nonprofit websites and basic marketing strategies, making it easy to understand and apply.
A Strategic Approach: GenAI in EducationPeter Windle
Artificial Intelligence (AI) technologies such as Generative AI, Image Generators and Large Language Models have had a dramatic impact on teaching, learning and assessment over the past 18 months. The most immediate threat AI posed was to Academic Integrity with Higher Education Institutes (HEIs) focusing their efforts on combating the use of GenAI in assessment. Guidelines were developed for staff and students, policies put in place too. Innovative educators have forged paths in the use of Generative AI for teaching, learning and assessments leading to pockets of transformation springing up across HEIs, often with little or no top-down guidance, support or direction.
This Gasta posits a strategic approach to integrating AI into HEIs to prepare staff, students and the curriculum for an evolving world and workplace. We will highlight the advantages of working with these technologies beyond the realm of teaching, learning and assessment by considering prompt engineering skills, industry impact, curriculum changes, and the need for staff upskilling. In contrast, not engaging strategically with Generative AI poses risks, including falling behind peers, missed opportunities and failing to ensure our graduates remain employable. The rapid evolution of AI technologies necessitates a proactive and strategic approach if we are to remain relevant.
June 3, 2024 Anti-Semitism Letter Sent to MIT President Kornbluth and MIT Cor...Levi Shapiro
Letter from the Congress of the United States regarding Anti-Semitism sent June 3rd to MIT President Sally Kornbluth, MIT Corp Chair, Mark Gorenberg
Dear Dr. Kornbluth and Mr. Gorenberg,
The US House of Representatives is deeply concerned by ongoing and pervasive acts of antisemitic
harassment and intimidation at the Massachusetts Institute of Technology (MIT). Failing to act decisively to ensure a safe learning environment for all students would be a grave dereliction of your responsibilities as President of MIT and Chair of the MIT Corporation.
This Congress will not stand idly by and allow an environment hostile to Jewish students to persist. The House believes that your institution is in violation of Title VI of the Civil Rights Act, and the inability or
unwillingness to rectify this violation through action requires accountability.
Postsecondary education is a unique opportunity for students to learn and have their ideas and beliefs challenged. However, universities receiving hundreds of millions of federal funds annually have denied
students that opportunity and have been hijacked to become venues for the promotion of terrorism, antisemitic harassment and intimidation, unlawful encampments, and in some cases, assaults and riots.
The House of Representatives will not countenance the use of federal funds to indoctrinate students into hateful, antisemitic, anti-American supporters of terrorism. Investigations into campus antisemitism by the Committee on Education and the Workforce and the Committee on Ways and Means have been expanded into a Congress-wide probe across all relevant jurisdictions to address this national crisis. The undersigned Committees will conduct oversight into the use of federal funds at MIT and its learning environment under authorities granted to each Committee.
• The Committee on Education and the Workforce has been investigating your institution since December 7, 2023. The Committee has broad jurisdiction over postsecondary education, including its compliance with Title VI of the Civil Rights Act, campus safety concerns over disruptions to the learning environment, and the awarding of federal student aid under the Higher Education Act.
• The Committee on Oversight and Accountability is investigating the sources of funding and other support flowing to groups espousing pro-Hamas propaganda and engaged in antisemitic harassment and intimidation of students. The Committee on Oversight and Accountability is the principal oversight committee of the US House of Representatives and has broad authority to investigate “any matter” at “any time” under House Rule X.
• The Committee on Ways and Means has been investigating several universities since November 15, 2023, when the Committee held a hearing entitled From Ivory Towers to Dark Corners: Investigating the Nexus Between Antisemitism, Tax-Exempt Universities, and Terror Financing. The Committee followed the hearing with letters to those institutions on January 10, 202
Model Attribute Check Company Auto PropertyCeline George
In Odoo, the multi-company feature allows you to manage multiple companies within a single Odoo database instance. Each company can have its own configurations while still sharing common resources such as products, customers, and suppliers.
Unit 8 - Information and Communication Technology (Paper I).pdfThiyagu K
This slides describes the basic concepts of ICT, basics of Email, Emerging Technology and Digital Initiatives in Education. This presentations aligns with the UGC Paper I syllabus.
1. PROPERTY TAX PROPOSITIONS
PROPERTY TAX APPEALS
By
ROBERT S. ABELSON PHD
CA CERTIFIED GENERAL APPRAISER
AQB CERTIFIED USAP INSTRUCTOR
Ph. 310-543-4649, Fax 310-626-9479
babelson@hotmail.com,
www.babelson-appraisal.com
Robert Abelson, PhD, 1
CA Certifed General Appraiser
2. PROPERTY TAX PROPOSITIONS
• PROPOSITION 13 (Real Property Assessment)
• PROPOSITION 8 (Decline-in-Value Reassessments)
• PROPOSTION 3 (Eminent Domain)
• PROPOSTION 58 (Parent and Child Exclusions (Excl.))
• PROPOSTION 193 (Grandparent to Grandchildren Excl.
• PROPOSITIONS 60 & PROPOSITION 90
• (Senior Citizen’s Replacement Dwelling Benefit)
• PROPOSTION 110 (Disabled Property Owners)
• See Handouts and go to http://assessor.lacounty.gov
• Mills Act (Historic Properties, http://ohp.parks.ca.gov
Robert Abelson, PhD, 2
CA Certifed General Appraiser
3. PROPOSTION 13
• Approved in 1978 (Jarvis-Gann Initiative)
• Maximum Levy Cannot Exceed 1% of the Property’s
Assessed Value (AV) plus (bonded indebtedness and
direct assessment taxes).
• Increases in AV are limited to a maximum of 2%
annually
• Four Events Can Cause a Reassessment
• A Change in Ownership (See PCOR Form in handouts)
• Completed New Construction
• New Construction Partially Completed before January 1
• A Decline in Value (See Proposition 8)
Robert Abelson, PhD, 3
CA Certifed General Appraiser
4. Assessment Valuation Dates
Event Valuation Date
Decline In Value January 1, of the Calendar
Proposition #8 year of the Application
Change in Ownership Actual Date of Transfer
Proposition #13
New Construction Date of Completion
Partially Completed Lien Date (January 1)
New Construction
Robert Abelson, PhD, 4
CA Certifed General Appraiser
5. Assessed Value (AV) = Fair Market Value (FMV)
Full Cash Value or Fair Market Value
“The amount of cash or its equivalent that property
would bring if put up for sale in the open market
under certain conditions”:
Neither buyer nor seller could take advantage of the needs
of the other.
Both buyer and seller must have knowledge of all of the
uses and purposes to which the property is adapted and
for which it can be used.
Both buyer and seller must be aware of any enforceable
restrictions on the property’s uses and purposes.
See California Property Tax an Overview
http://www.boe.ca.gov/proptaxes/pdf/pub29.pdf
Robert Abelson, PhD, 5
CA Certifed General Appraiser
6. AV, FMV CONSIDERATIONS
Does the purchase/sales price equal FMV?
It depends (usually Yes but sometimes No)
No Reasons
Non Arms Length Transactions
Special Financing or Concessions
Foreclosures and Short Sales (Maybe).
Buyer purchases Leased Fee Interest where the
lease rents are not at market value rents.
Hence Assessment is based on Fee Simple
Interest.
Robert Abelson, PhD, 6
CA Certifed General Appraiser
7. Valuation Approaches For FMV
• Comparative Sales Approach to Value
• Arms length open market transactions,
• Physically similar sales (year built,
improvements SF, zoning, lot area , quality
condition, amenities. Etc.)
• Sales have occurred no later than 90
days after the valuation date of the
property that was assessed.
Robert Abelson, PhD, 7
CA Certifed General Appraiser
8. Valuation Approaches For FMV Continued
• INCOME APPROACH TO VALUE
• Using the income approach, an appraiser values an
income property by computing the present worth of a
future income stream. An established income stream
can be attributed to a real or hypothetical income stream
by comparison with other properties.
• Cost Approach to Value
• A value approach using the following procedures to
derive a value indicator: (1) estimate the current cost to
reproduce or replace an existing structure without
untimely delays; (2) deduct for all accrued depreciation;
and (3) add the estimated land value and an amount to
compensate for entrepreneurial profit (if present).
Robert Abelson, PhD, 8
CA Certifed General Appraiser
9. Property Reassessments and Appeals
What to Do
1. You or your authorized representative (appraiser,
consultant, etc.) discuss your assessment with an
appraiser who works at the assessors office.
2. File a tax assessment appeal. One needs to know the
filing dates and the 90 Day Rules.
3. Before going to court a taxpayer must exhaust
available administrative remedies.
a) Filing an application for reduction in assessment with
the local appeals board
b) Filing a claim for refund of excess taxes paid with the
local board of supervisors
Robert Abelson, PhD, 9
CA Certifed General Appraiser
10. Tax Appeal With a Hearings Officer
Be Careful and Know the Rules in The County
Robert Abelson, PhD, 10
CA Certifed General Appraiser
11. Evidence For Appeals Board
Appeals Board Is Not Part of the Tax Assessor Office
Robert Abelson, PhD, 11
CA Certifed General Appraiser
13. Tax Assessment Appeals
Filing Dates and the 90 Day Rule
• Filing Dates, (see handout Table 3
Application Filing Period)
• Comparable Sale 90 Day Rule
1. The provisions for exclusion of any sale occurring
more than 90 days after the valuation date do not
apply to the sale of the subject property.
2. There are no statutes or regulations regarding the
timeliness of valuation data other than those relating to
comparable sales data.
3. What is a sale occurring less than 90 days of
valuation date?
Robert Abelson, PhD, 13
CA Certifed General Appraiser
14. Comps Sales 90 Day Rule Prop #13
Robert Abelson, PhD, 14
CA Certifed General Appraiser
15. Comps Sales 90 Day Rule Prop #8
Robert Abelson, PhD, 15
CA Certifed General Appraiser
16. Proposition 8 Decline in Value
Apply with the Assessor Jan.1 to Dec. 31
Apply with Appeals Board July 2 to Nov. 30
Year Base Year Market Assessed
Trend Value Value Value
1 $500,000 $500,000 $500,000
2 $510,000 $450,000 $450,000
Appeal
3 $520,200 $500,000 $500,000
4 $530,604 $540,000 $530,604
Robert Abelson, PhD, 16
CA Certifed General Appraiser
17. Property Taxes, Assessment & Appeals Info
• LA County Board of Supervisors
• http://bos.co.la.ca.us/Categories/PropertyTaxAppeals.htm
• California Board of Equalization (BOE)
• http://www.boe.ca.gov/index.htm
• BOE “Assessment Appeals Manual”
• http://www.boe.ca.gov/proptaxes/pdf/aamanual.pdf
• “California Property Tax an Overview”
• http://www.boe.ca.gov/proptaxes/pdf/pub29.pdf
• Property Tax Law Guides (TOC & Purchase Form)
• http://www.boetaxes.ca.gov/
Robert Abelson, PhD, 17
CA Certifed General Appraiser
18. Change of Ownership Issues
1. Tax Assessor’s Office and ask for an
ownership investigator. This costs
nothing. Good idea to do this before you
transfer or acquire the property.
2. Mike LeBeau, Esquire Presentation
http://www.mikelebeau.com/downloads/cebppt.pdf
3. Consult with an attorney who knows the
taxation code.
Robert Abelson, PhD, 18
CA Certifed General Appraiser