By Benny Kass
Published: May 16,2013
DEAR BENNY: My father added my brother and I to the deed of his house he bought back in 1979. Now that he did his living trust, he wants to remove us from title (deed) so we don’t have to pay taxes in case something happens to him. I understand his property taxes will go [...]
By Benny Kass
Published: May 10,2013
DEAR BENNY: I built my own house. At first I stuffed receipts into a folder but toward the end when things got hectic, I forgot. I probably have receipts amounting to a quarter of what I believe I spent, land included. How can I establish a credible basis when it comes time to sell? The [...]
By Benny Kass
Published: March 22,2013
I live in a 125-unit condominium. Recently, our board of directors signed a contract for almost $1 million to upgrade our elevators. I believe that the board did not get any bids and just went with one company. Is there any law requiring more than one bid on any one job, especially one as large as this? – Henry
By Payton Guion, staff writer
Published: March 2,2013
With the General Assembly's 2013 session in full chatter, many are wondering exactly how many tax-policy changes state lawmakers might have up their sleeves, as a slew of proposals have already been bandied about.
By Benny Kass
Published: December 4,2012
I recently heard that the portion of one's monthly condo fees that go into a reserve fund for capital improvements to the overall property can be added to an individual condo unit's tax basis. Is this true?
By Tony Brown, Staff Writer
Published: November 19,2012
CHARLOTTE — The final, written report on an outside review of the highly contentious 2001 Mecklenburg County property tax revaluation of homes and business properties is now posted to the county website as a PDF file. The report, by Wilson-based Pearson’s Appraisal Services, contains no surprises but does go into much more detail about the [...]
By Malcolm Berko
Published: November 5,2012
Several weeks ago, I was one of six panelists at a collegial meeting with some very serious small-business owners in Dallas to share my views and to answer and discuss questions on the economy.
By Jim Woodard
Published: January 6,2012
As local, county and state governments face growing, and sometimes desperate, economic needs, they increasingly turn to real estate transfer taxes as a source of funding. This is a tax that may be imposed at the closing of home sales or other real property transactions.
By Scott Baughman
Published: January 3,2012
Tommy Lawing is a man looking to buy houses. He needs them, he says, because demand for homes in his rental business is through the roof. But profits aren’t following the upward track and it’s because of one of life’s certainties – taxes.
By Scott Baughman
Published: September 30,2011
Karla Knotts, co-owner of Knotts Builders, often trumpets the benefits of owning a home in Clover, S.C., and driving to work in Charlotte. She reasons: Who wants to pay those high North Carolina property taxes when they can save as much as $45 a month by living in the Palmetto State? But she doesn’t have [...]
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