Colorado Concern’s Post

#FridayFastFacts - East Hampton Building Code Update & Mount Vernon Tax News 📅 Effective January 1, 2024, East Hampton's Building Code has seen significant changes outlined in Resolution RES-2023-1330. Here's what you need to know: 🏗️ Certificate of Occupancy Updates: No new building or structure can be used or occupied, in whole or part, until a Certificate of Occupancy is issued by the Building Inspector. Upon any change in property ownership, an updated Certificate of Occupancy is required. However, exceptions apply: No update is needed if a Certificate of Occupancy was obtained within the last six months prior to the date of transfer. Transfers made solely for estate planning purposes, where property ownership transfers to a trust, LLC, or similar entity, and beneficial ownership remains unchanged, are exempt. These changes align East Hampton with other East End municipalities that require updated Certificates of Occupancy on property transfer. Additionally, please note that the new Mount Vernon tax changes have been temporarily suspended. Continue using the original tax form until further notice. Stay informed, stay compliant. www.kgm.law #newyork #newyorkrealestate #nyrealestate #nyrealestateagent #nyny #nylaw #newyorklaw #newyorkbroker

Durango Herald: Property tax task force ‘determined to create a bipartisan solution’: The first step of big change for Colorado happened last week: the start of a bipartisan look at property taxes, attempting to outline plans for financial sustainability. After the fall of Proposition HH last month, the governor called for a special session of the Legislature, stipulating that we re-evaluate property taxes for the upcoming year, at least. We passed several bills lowering the assessment rate and saving renters from paying even more, but we also created the Commission on Property Tax to scrutinize how we determine our state’s taxes for years to come. It met for the first time on Dec. 20. … Also named were Broomfield Mayor Guyleen Castriotta; Colorado’s property tax administrator JoAnn Groff; Colorado Education Association Vice President Kevin Vick; and Loren Furman, president and CEO of the Colorado Chamber of Commerce. Read more here. | timnathchamber.com #Timnath #Colorado #TimnathChamber

🏠 Navigate Property Taxes in Collin County Like a Pro 🏠 Dive into our essential guide for homeowners in Collin County. Learn everything from key deadlines and payment options to leveraging tax exemptions. Learn more about the Homestead Exemption Audit- Senate Bill (SB) 1801 requiring the Collin Central Appraisal District to review homestead exemptions every 5 years. Unlock full insights: https://lnkd.in/dH5uARjs #PropertyTax #CollinCounty #HomeOwnership #TaxExemptions #Bezit #HomesteadExemption 

The Wyoming Legislature has less than two weeks to decide how to address its number one non-budget priority — residential property taxes. Seven bills remain in play, half of which would create exemptions. Some lawmakers are concerned too many exemptions may be piling up. Story by Maggie Mullen 📰 #wyoming #politics #wyominglegislature #journalism #legislature #localgovernment #property #propertytax #housingmarket #housing

The Homestead Exemption is a legal provision that offers potential property tax savings to homeowners who use their property as their primary residence. Here's why it's worth exploring: 1️⃣ Property Tax Relief: The Homestead Exemption provides homeowners with a reduction in their property tax assessment, ultimately resulting in lower property tax payments. It can help ease the financial burden of homeownership and free up funds for other important priorities. 💰📋 2️⃣ Protecting Your Home's Value: In many jurisdictions, the Homestead Exemption can offer protection against certain types of creditors, ensuring that a portion of your home's value remains shielded from legal claims or financial setbacks. 🏡 3️⃣ Eligibility Requirements: Eligibility for the Homestead Exemption varies by state or locality, but it often requires the property to be your primary residence and you to file the necessary paperwork. Be sure to research and understand the specific requirements and deadlines in your area to take advantage of this valuable opportunity. 📝✅ Consulting with a local tax professional or contacting your county assessor's office can provide detailed information about the Homestead Exemption in your specific area. https://lnkd.in/ery_kGXU

The Homestead Exemption is a legal provision that offers potential property tax savings to homeowners who use their property as their primary residence. Here's why it's worth exploring: 🏠💰 Property Tax Relief: The Homestead Exemption provides homeowners with a reduction in their property tax assessment, ultimately resulting in lower property tax payments. It can help ease the financial burden of homeownership and free up funds for other important priorities. 💰💼 Protecting Your Home's Value: In many jurisdictions, the Homestead Exemption can offer protection against certain types of creditors, ensuring that a portion of your home's value remains shielded from legal claims or financial setbacks. 🛡️💸 Eligibility Requirements: Eligibility for the Homestead Exemption varies by state or locality, but it often requires the property to be your primary residence and you to file the necessary paperwork. Be sure to research and understand the specific requirements and deadlines in your area to take advantage of this valuable opportunity. 📝🔍 Consulting with a local tax professional or contacting your county assessor's office can provide detailed information about the Homestead Exemption in your specific area. They can guide you through the process and help you maximize the benefits available to you. 📞💼 #HomesteadExemptionExplained #TaxSavingsTips #HomeownershipBenefits No hassle real estate! Sell your home fast! #RealEstate

Gazette: EDITORIAL: Pressure is on for property-tax relief: A state panel charged with finding long-term relief from Colorado’s skyrocketing property taxes had better not settle for a mere “Version 2.0” of the ineffectual relief-lite that was ginned up by last fall’s special legislative session. If it does, hard-pressed taxpayers are likely to give up waiting for the state to take meaningful action — and opt instead for a statewide ballot proposal to get the job done. … Stakeholder groups supporting a far-reaching alternative that could land on next fall’s ballot have urged the commission to come aboard. The groups’ pending citizens ballot initiative would roll back property assessment values and cap year-to-year increases thereafter. But as reported by the Chamber’s Sum & Substance, the bipartisan big tent represented on the commission doesn’t seem inclined toward such bold moves. It may be more inclined toward half-measures. Read more here. | timnathchamber.com #Timnath #Colorado #TimnathChamber

When it came to the Wyoming Legislature's top non-budget priority in the 2024 session, lawmakers settled on five bills to address rising residential property taxes. It's now up to Gov. Mark Gordon to decide which will become law. Story by Maggie Mullen 📰 #wyoming #news #journalism #localgovernment #propertytaxes #legislature #wyominglegislature #politics #residentialproperties #taxes #budgetsession

📢 Don’t Miss Out on the Homestead Exemption! Only a few weeks left!!! 🏡 Attention Florida Residents! If you recently purchased a home in 2023, it’s crucial to file for Homestead Exemption before March 1st. Here’s why it’s important: ✅ Enjoy a $50,000 Credit: By filing for Homestead Exemption, you’ll receive a $50,000 credit off the assessed value of your property. This can significantly lower your property taxes. ✅ Cap on Property Taxes: Once you’ve filed, your property taxes will be capped at 3% per year. This ensures that your taxes won’t skyrocket unexpectedly, providing stability and peace of mind. ❌ Protect Yourself from Tax Increases: If you fail to file for Homestead Exemption, your county could raise your taxes without any restrictions. Don’t let this happen! File today and secure your tax savings. 💰 Save Thousands: By taking advantage of Homestead Exemption, you can potentially save thousands of dollars in property taxes. It’s a smart financial move that shouldn’t be missed! 📝 How to File: You have two options for filing – online or at your local tax assessor’s office. Make sure you have the following documents ready: driver’s license, voter registration, utility bill, and a copy of the deed. ℹ️ For more information, feel free to contact me or reach out to your county tax authority. Don’t hesitate to take advantage of this valuable opportunity! Andrea M Ortego BHG REAL ESTATE 📞 941-321-3380 #HomesteadExemption #FloridaResidents #TaxSavings #PropertyTaxes #FileNow #realestatebyandrea #anagentyoucantrust #BetterHomesandGardensRealEstateAtchleyProperties #letmebeyourrealtor #realtor #realestate #realestateagent #ilovemyjob #buyinghomes #residential #tampabay #longboatkey #lido #siestakey #starmandscircle #luxuryhomes #bradenton #tampa #valrico #lakewoodranch #florida #realtorlife 🏡🏢🔑

Homestead Exemption - Don't Miss the Deadline to File! All legal Florida residents are eligible for a Homestead Exemption on their homes, condominiums, co-op apartments and certain mobile home lots. The exemption removes $25,000 off the assessed value of an owner-occupied residence and could provide up to another $25,000 additional exemption off assessed value over $50,000. (This additional exemption does not apply to school millage.) Not only does the homestead exemption lower the value on which you pay taxes, it also triggers the 'Save Our Homes' benefit which limits future annual increases in assessed value to 3% or less. The sale of the property, changes in ownership or changes to the property can cause the exemption and benefit to be removed or altered. (When a home is sold, the assessed value increases to market value for the next tax roll.) The deadline to timely file for a homestead exemption is March 1, 2024. Late filing is permitted through early September. (The deadline for late filing is set by Florida law and falls on the 25th day following the mailing of the Notices of Proposed Property Taxes which occurs in mid-August.) ***File Now Online for a Homestead Exemption*** at: https://lnkd.in/dr4q2-_t #homesteadexemption #jacksonville #realestate https://lnkd.in/d3GcWZ6t Parkeraltergroup@gmail.com Phone: 804.814.8259 #Lovewhereyoulive #Beachliving #Jacksonvillebeaches