By: Marion Roland Conley, Sales and Rental Associate
Asking Price: $1,285,000
5 bedroom/3 bathroom house located on a very private street off Cliff Road. Spacious indoor and ourdoor living. Mature plantings. Convenient to Step Beach, Jetties Beach and Town. Must be seen to truly understand the opportunities.
By: Marion Roland Conley, Sales and Rental Associate
Recently, NAREB, the Nantucket Association of Real Estate Brokers, invited the Nantucket Tax Assessor to make a presentation on the in’s and out’f of the tax rate and assessments.
Rather than take all your time with the complete presentation I thought I’d give you some headlines:
NANTUCKET ENJOYS ONE OF THE LOWEST TAX RATES IN AMERICA!
2011 Tax Rate
Residential $3.58 per thousand
Open Space $3.42 per thousand
Commercial $6.41 per thousand
Tax breakdown between seasonal and non-seasonal residents
10% paid by year around residents
20% paid by island owned investment property owners
70% paid by second home and investment property owners (non-Nantucket residents)
Full time, primary, owner occupied homes enjoy a residential exemption.
By law that exemption can only be 20% of the average residential home value. In 2011 that is $1,524.960 for a deduction of $304,992.A
All assessments are a rear-view mirror on the market.
Every three years the market revalued.
2011 was just completed based on 2009 sales.
2013 will be the next revalue based on 2010 sales.
If you have further questions or wish the complete presentation, please contact me at marion@countryvillagere.com
(source:Nantucket Tax Assessor)
| Venues confirmed for Fed Cup semifinals | |
| The venues have been confirmed for the semifinals of the 2007 Fed Cup by BNP Paribas on 14-15 July subject to final approval by the ITF. USA will take on Russia in Stowe, Vermont, while defending champion Italy will host France in Castellaneta Marina.The USTA announced that the USA-Russia semifinal will be held at the Topnotch Resort and Spa in Stowe. The stadium will be built next to the existing indoor tennis facility, with the tie played on hard court.
“Stowe, Vermont is such a beautiful region of our country and we look forward to returning tennis to an area that has a proven commitment to the game,” said US Fed Cup Captain Zina Garrison. “Our goal is to win the Fed Cup and we look forward to facing a competitive Russian team.” Tickets will go on sale to the general public during the week of 4 June and can be purchased by calling +1 888 334 8782. |
Find a good buyer’s agent
What buyer’s agents do: When you go to an open house and meet a real estate agent showing the property, that agent represents the seller’s interests. So you might be better off using a buyer’s agent whose job is to represent your interests. In addition to showing you homes that meet your criteria, a buyer’s agent can help you negotiate a contract and may help you get a better deal on title insurance.
Ensure your interests come first: A buyer’s agent typically shares the sales commission with the seller’s agent. So keep in mind your agent may want to push some houses over others if they offer a higher commission or bonus on top of the commission to get a deal done. That’s why Tom Early, spokesman for the National Association of Exclusive Buyer Agents, told Money Magazine that buyers should ask their agents to sign a contract before looking at houses that stipulates that any bonus being paid by a seller be used to pay closing costs. (Here are other ways to make sure you get the best house for the best price.)
Source – CNN.com
Sorry, but I just took an extended “lunch break” and went to the mountain and skied 4 runs. The conditions were great! The temperature is around 30 with no wind and blue skies. Hayride, Lord, North Slope and Standard could not have been in better shape!
The base is huge, the conditions are great for a long spring ski season. Last weekend, we had great powder on Mansfield and Spruce. The Mountain has received over 12 feet of snow since Valentine’s day!