In the News II

Quote: Tanko

Which means he paid $155 million for 2.7 acres of land.

Maralago is 20 acres.

Rush's property doesn't have the restrictive covenants MAL has. That reduces its value.

Quote: Tanko

Market value for Maralago is appraised as high as $750 million.

Rush Limbaugh's home recently sold for $155 million, but the County assessment for that property last year was $31 million.

Market value and County Assessor value for the purpose of calculating real estate tax, are two different things.

Depending on the municipality, County Assessor property assessments can be calculated differently for the purpose of real estate tax. NYC for example, assesses my property value at less than one-fiftieth of its market value. Which is actually high. Other homes here are assessed by the City at one-eightieth of their market value.

Assess market valuation, or assess taxes due of 1/50 or 1/80 of market value? You telling me that NYC says a million dollar home is worth $2K?

Quote: GenoDRPh

Assess market valuation, or assess taxes due of 1/50 or 1/80 of market value? You telling me that NYC says a million dollar home is worth $2K?

As I explained, in NYC the real estate tax is determined by the City assessed value of the property. Not the market value. The city knows what the market value is, but they base our taxes on the much lower assessment number. Which in my case is 1/30th the market value. Not the 1/50th previously stated.

Check your math.

One fiftieth of one million is not $2K.

Quote: rxwine

Russel Brand, alleged sex crimes and abuse



Maybe one day someone will interview famous music and acting stars, and find out how some manage to lead a wayward lifestyle without this happening and others don’t.

That’s starting from the assumption all of them are innocent until convicted.

I'd be surprised if there are any Democrat majorities in any state.

This tells me Florida is a mini-target for another steal.

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Exclusive — Christian Ziegler: Florida Has Seen 850,000 Registered Voters Swing Republican

30 Sep 2023
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“In 2018, when Governor DeSantis took over, there were 250,000 more Democrats than Republicans in Florida,” he said, noting that voter-registration-wise, “we’ve always been a Democrat state.”

“In November of 2021, for the first time ever, our state became a Republican state. And then today, there’s over 600,000 more Republicans than Democrats in the state of Florida. So it’s been an 850,000 registration swing towards the Republican side, which is huge for us because that helps identify voters,” Ziegler said, noting that much of that growth is rooted in the pandemic and “some of the other freedoms that we’ve really protected and pushed in our legislature.”
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https://www.breitbart.com/politics/2023/09/30/exclusive-christian-ziegler-florida-has-seen-850000-registered-voters-swing-republican/

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I give Jamaal an A+ for creativity and an F for math.

Quote: Tanko

As I explained, in NYC the real estate tax is determined by the City assessed value of the property. Not the market value. The city knows what the market value is, but they base our taxes on the much lower assessment number. Which in my case is 1/30th the market value. Not the 1/50th previously stated.

Check your math.

One fiftieth of one million is not $2K.

We're talking two different things, then. So what would be the property taxes on a million dollar property? What would be the city assessed value?

Quote: GenoDRPh

So what would be the property taxes on a million dollar property? What would be the city assessed value?

Real estate tax on a million dollar propertyis based on the assessed value. Not the market value.

How much an owner pays based upon the assessed value is up to the city.

For example, one home, according to the NYC Dept of Finance, has a market value of 1.57, but the assessed value is only 27k. Which is 1/58th the market value. The current owner will pay 5K in annual real estate taxes this year.

Another property has a market value of 2.8, and an assessed value of 148K. Which is 1/20th the market value. That owner will pay a little over 18k in annual real estate taxes this year.

Quote:

Swipe fees are set by the Visa and Mastercard networks, which dominate the market for processing credit cards. Fees in the U.S. are eight or nine times as high as those in Europe,

Competition?

Quote: rxwine

Competition?

Maybe that's why their stock prices have increased tenfold over the past eleven years.