taxes: Question for everyone - Point of Sale Assesment
- 06/12/09 05:36 AM
in 2007 in South Carolina real estate tax law was changed. The new system is called "Point of Sale Assessment" The difference between P.O.S. and the old way is that every few years the tax assessor would come around and estimate the value of the property and your taxes would go from there. Now they use the same method unless you have recent purchased the property, if so they now use that value. The are arguments for both positive and negative impacts. My question to all you, does your state use the Point of Sale assessment? I'm trying to get a … (2 comments)
taxes: Tax Blunder
- 04/30/09 11:11 PM
Little cover, as least of yet, has been given to a issue concerning many Americans taxes. This year President Obama gave a very small tax credit to a few Americans which has shown up in the paychecks of workers. I'm not going to argue, well not in this post, giving a very small amount of money each week, $13, is not going to help the economy because it's so little, but when you rush the bill through without carefully measuring each aspect that mistakes will and have been made. Many people receiving a paycheck are going to be slammed on their … (1 comments)
taxes: Politicians and taxes
- 04/21/09 11:52 PM
SC State Senator Greg Ryberg has put forward 3 bills which would make it harder for politicians to avoid paying taxes. Right now there are 12 state house and 1 state senator which have back tax issues from as far back as 1999. Mr. Ryberg, I wish there were more elected officials like you and to think one of your colleague stood up and protested this bill. From what I know of the bills, I like them very much and hope the list of names does make itself public. … (1 comments)
taxes: It worked
- 04/03/09 12:04 AM
Yesterday the South Carolina State House of Representatives voted on a bill which is the first step toward reversing the POS (Point of Sale Assessment). This is a major victory and I would like to thank all the Realtors in South Carolina for contacting their Representative. The fight isn't over, the bill still needs to pass the senate. Be on the look out and be sure to contact your Senator when the time comes. … (3 comments)
in 2007 in South Carolina real estate tax law was changed. The new system is called "Point of Sale Assessment" The difference between P.O.S. and the old way is that every few years the tax assessor would come around and estimate the value of the property and your taxes would go from there. Now they use the same method unless you have recent purchased the property, if so they now use that value. The are arguments for both positive and negative impacts.;)
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