Groups are smaller communities within the larger ActiveRain. Join groups created by others. or start your own and
get others to join
This is the place to view the past and present contests put on by ActiveRain and its members. Everyone can join the
group and help encourage each other. Current contest will be highlighted posts so it's easy for you all to see. Let it
Curious as to what others in your profession think about a certain product or tool?
AR's community takes the time to leave honest and transparent reviews of their experiences
so you can be a bit wiser about your purchase.
Broken down by categories and subcategories for easy finds
Get an unfiltered look at what real users are saying
Leave a review yourself for others to benefit from
Add new products as you use them and gain points for doing so
ActiveRain University (ARU) provides free on-line training. We coach, consult and support real estate professionals about real estate trends, technology and social media.
ARU Calendar provides class types and registration links
Watch short tutorials on updating your photo, inserting a hyperlink and much more
Sign up for the Daily Drop so you don't miss out on AR's daily happenings
Find answers to most FAQ's
Whatever it is you're into and wherever you are, AR surely has a group for you to join.
Brand, off the wall, specific subject matters…whatever it is you're looking for.
Each time you write a post you can syndicate your post to 5 groups.
And if by chance you don't find what you're looking for, start a new group today!
Get your content in front of more eyes
Search by location or type
Feel free to start your own group
Find some that are close to home and close to heart
Each month AR runs numerous contests as a way for our members to engage in activities
that will boost their business and increase their visibility in the community and beyond.
Earn points by partaking in these contest and climb the leaderboard
Do what's good for you and your business by participating
If you have an idea for a contest, just let us know
Stay motivated and on track with new contests popping up each month
Ask a Real Estate Question
Here's another avenue for you to build relationships with others. Share your expertise with someone searching for answers.
Play the teacher role and help someone out today
Your Homepage will alert you of new questions in your state
A wonderful way to open a door to a possible new client
Ask a question yourself to get help
These state pages or hyper-local pages provide content directly related to a specific geographical location.
State, County, City and Neighborhood pages make it easy for consumers to find what they're looking for.
Post your listings, school information, local events, market reports and more
Consumers peruse these pages for information
Farm your niche market and cover all the happenings in your neighborhood
By: Elaine VonCannon ABR, SRES, REALTOR, Notary, Team Leader, Residential and Commercial Property Manager, Managing Partner VonCannon-Starke Commercial Division, Member of the National Association of Residential Property Managers, Award Winning Agent, RE/MAX Hall of Fame, Licensed in Virginia, Member of Commercial Council VAR, Director WAAR MLS Board
Since the Housing Bubble crashed Virginia as well as many other parts of the country have seen a rapid decline in Real Estate values. It would not be unusual to see a home that sold in 2007 for $300,000 to be re-sold today around $240,000.
Erroneous thinking among buyers, sellers and real estate agents is when Real Estate values are heading downward is that the homeowners tax bill must also be coming down too. This occurs because people assume that the fair market value and assessed value are the same.
In a perfect world this should be the case but assessed values are nothing more than a way to measure for a municipality to collect an appropriate amount of taxes to sufficiently cover the state and local appropriations chargeable to the city and town.
Few facts about your homes assessed value and the role of the towns assessor:
1.) A lot of states the assessed values are based around 90% of full market value, or maybe a few points above.
2.) Town Assessors are required to submit assessed values to the state Department of Revenue for certification every three years.
3.) The assessors review sales data and the Real Estate market every year and thereby reassess values each year.
4.) Assessors do not make of lower taxes.
5.) Assessors do not make the tax laws, which affect property owners.
6.) The Assessor's Office has nothing to do with the total amount of taxes collected.
7.) The assessor's primary responsibility is to find the full and fair market value of the property so that the taxpayer pays only their fair share of taxes. In January, there is no doubt that you will see the assessed value of many homes coming down. What you are also very likely to see is an increase in the fiscal tax rate to cover the difference in the lower assessed values.
As previously mentioned above, the numbers used are all just part of the game of collecting the proper amount of revenue to run the town.
The question is what are you supposed do if you think you are not being taxed properly in relation to other similar homes that have sold?
You should go to your local tax assessors office and file for an abatement. All the information necessary regarding the application process and the deadlines for filing should be available.
Applications for abatement's are due on or before the due date for payment of the first actual bill. The assessor has up to three months in Massachusetts to act upon your abatement request.
What happens if you do not feel that the assessor made the proper ruling on your abatement request? If this occurs, you have the right to appeal to the you State Appellate Tax Board.
Here are a few exemptions which are available to those individuals that meet the various requirements in the following categories:
Widows and/or Widowers
Minor Children with a Deceased Parent
Minor Children of Deceased Police or Firefighters killed in the line of duty
Applications for tax exemptions can also be obtained from your local tax assessor's office.
In most states senior citizens have also been able to claim a refundable credit on their income taxes for property taxes paid on residential property owned or rented. The reasonfor this is equal to the amount by which their property tax payments in the current tax year (excluding any exemptions and/or abatement's), including water and debt sewer charges, exceed 10% of their total income for the same year.
As a Realtor, I see this written in the public remarks section of the Multiple Listing Service (MLS) like "What a bargain this home is priced X dollars below assessment." Most of the time the Realtor is making a very poor reason to show why the house is priced like it is between the assessed and market value.
When I see something like this my immediate thought is that the home owner has been paying too much taxes on their home or the assessment has not been adjusted yet.
In just as many circumstances I have seen a home with a lower assessment and a buyers Realtor try to argue that the home is overpriced because of a low assessment.
The take home message is that if you are considering buying a home, you should not rely on assessed value as a good measuring stick of market value.There are plenty of homes that are over and under assessed. Hiring a good buyer's agent that can point a homes true market value is always a wise move!REMEMBER TO REPLY ON WHAT HAS SOLD IN THE AREA THAT IS EQUAL TO THE KIND OF HOME, LOT SIZE AND CONDITION OF THE PROPERTY!
My blogs reflect my observations on life, real estate and my own state of the union (Elaine's world). I write my entries as a way to express myself and all the positive and negative aspects of real estate. I also use it to promote my listings and maybe even your enjoyment in reading it.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.