The Federal Open Market Committee decided today to keep its target for the federal funds rate at 5-1/4 percent.
Recent indicators have been mixed and the adjustment in the housing sector is ongoing. Nevertheless, the economy seems likely to continue to expand at a moderate pace over coming quarters.
Recent readings on core inflation have been somewhat elevated. Although inflation pressures seem likely to moderate over time, the high level of resource utilization has the potential to sustain those pressures.
In these circumstances, the Committee's predominant policy concern remains the risk that inflation will fail to moderate as expected. Future policy adjustments will depend on the evolution of the outlook for both inflation and economic growth, as implied by incoming information.
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The housing market is flat, and sustaining the record levels of the past few years simply can’t be done. What’s happening, at least in my world, is a slow, gradual correction, towards a soft landing.
Yes, a healthy correction is taking place. It's a whole new world! One where Mr. & Mrs. Buyer and Mr. & Mrs. Seller have the pleasure of working “TOGETHER,” towards the eventual goal of a successful transaction! That’s my world, its great to be here. Come and join me!
Please visit us on the web: http://www.arnowitzproperties.com/
Arnowitz & Associates, Taking Over The Market, One Property At A Time...
Wednesday, March 21, 2007
Sunday, March 18, 2007
TAXES
Good Day All!
Recently a client from England asked me what his taxes would be if he purchased a condo on Miami Beach. I thought I would use this as an opportunity to help explain how Property Taxes work in Florida.
First, a few helpful Tax Definitions:
1. Millage
One mill is equal to $1 for every $1,000 in assessed value. For example, if you have a home or condo valued at $500,000 for tax purposes, and the county's millage rate is one mill, you pay $500 in property tax. If the rate is 8 mills, more like reality - then you would pay $4,500. Of course, you actually pay a little less because of your homestead exemption.
2. Homestead Exemption
The Florida Constitution entitles every person who owns a permanent primary residence in Florida to a reduction of $25,000 off the taxable value of their home. So if your home has an assessed value of $200,000 and you have a homestead exemption, you actually pay taxes on $175,000.
*
I have enclosed a link which will help you estimate your taxes.
http://www.miamidade.gov/pa/
Use the Tax Estimator link
http://www.miamidade.gov/pa/taxestimator.asp
One of the most important issues the state Legislature is considering this session is eliminating all homestead property taxes and therefore all exemptions. This will save taxpayers $3.9 Billion Statewide. It will increase the state sales tax 2.5 cents per dollar and completely cut ALL property tax!. This plan is gaining momentum and has the support of the house GOP. Lets keep our fingers crossed!
I hope you find this information useful.......
Please feel free to visit my website. Its packed with great information, including a FREE list of Distressed, Bank Owned, and Foreclosed Properties.
http://www.arnowitzproperties.com/
Arnowitz Properties, Taking Over The Market, One Property At A Time!
* Some information used for this posting was supplied by the Miami Herald
Recently a client from England asked me what his taxes would be if he purchased a condo on Miami Beach. I thought I would use this as an opportunity to help explain how Property Taxes work in Florida.
First, a few helpful Tax Definitions:
1. Millage
One mill is equal to $1 for every $1,000 in assessed value. For example, if you have a home or condo valued at $500,000 for tax purposes, and the county's millage rate is one mill, you pay $500 in property tax. If the rate is 8 mills, more like reality - then you would pay $4,500. Of course, you actually pay a little less because of your homestead exemption.
2. Homestead Exemption
The Florida Constitution entitles every person who owns a permanent primary residence in Florida to a reduction of $25,000 off the taxable value of their home. So if your home has an assessed value of $200,000 and you have a homestead exemption, you actually pay taxes on $175,000.
*
I have enclosed a link which will help you estimate your taxes.
http://www.miamidade.gov/pa/
Use the Tax Estimator link
http://www.miamidade.gov/pa/taxestimator.asp
One of the most important issues the state Legislature is considering this session is eliminating all homestead property taxes and therefore all exemptions. This will save taxpayers $3.9 Billion Statewide. It will increase the state sales tax 2.5 cents per dollar and completely cut ALL property tax!. This plan is gaining momentum and has the support of the house GOP. Lets keep our fingers crossed!
I hope you find this information useful.......
Please feel free to visit my website. Its packed with great information, including a FREE list of Distressed, Bank Owned, and Foreclosed Properties.
http://www.arnowitzproperties.com/
Arnowitz Properties, Taking Over The Market, One Property At A Time!
* Some information used for this posting was supplied by the Miami Herald
Friday, March 16, 2007
Welcome to the Machine!
I am proud to present my blog for Arnowitz Properties. This company reflects my unique style and unparalleled service to my clients and friends. Simply stated, I want to be your Realtor for Life!
In a slowing market my assistant and dear friend Ani Cobo and I have been growing our company, steadily. Since January, 2007 We have sales in excess of $2.5M! This week we have contracted on two additional luxury properties and have several more sales pending. We accomplished this with hard work, Honesty and Integrity! In addition we have created a web site where you will find useful information regarding the market. You will have the ability to view ALL properties in our area, the country and around the world! Arnowitz Properties has also added 10 new properties to our existing home and condo inventory! Visit our web site and click on Featured Properties. Let us know what you think, we always appreciate feed back.
Our web site is: http://www.arnowitzproperties.com/
Please allow us to represent you when it comes to Florida Real Estate. We will exceed your expectations. This is our promise.
Arnowitz Properties, Taking Over The Market, One Property At A Time!
Please feel free to email me: Brad@ArnowitzProperties.com
(305) 776-6113
In a slowing market my assistant and dear friend Ani Cobo and I have been growing our company, steadily. Since January, 2007 We have sales in excess of $2.5M! This week we have contracted on two additional luxury properties and have several more sales pending. We accomplished this with hard work, Honesty and Integrity! In addition we have created a web site where you will find useful information regarding the market. You will have the ability to view ALL properties in our area, the country and around the world! Arnowitz Properties has also added 10 new properties to our existing home and condo inventory! Visit our web site and click on Featured Properties. Let us know what you think, we always appreciate feed back.
Our web site is: http://www.arnowitzproperties.com/
Please allow us to represent you when it comes to Florida Real Estate. We will exceed your expectations. This is our promise.
Arnowitz Properties, Taking Over The Market, One Property At A Time!
Please feel free to email me: Brad@ArnowitzProperties.com
(305) 776-6113
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