IRS underscores taxpayer penalties for bad appraisal advice

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IRS underscores taxpayer penalties for bad appraisal advice

June 20, 2013 Bloggies by Administrator

Taxpayers increasingly required to pay penalties related to bad advice from appraisers and other professionals.  News from the NYU Fifth Annual Tax Controversy Forum; Bloomberg BNA reports.

The news source reports that courts increasingly are narrowing their acceptance of taxpayer claims that noncompliance was due to advice from hired professionals, including appraisers and tax advisers, thus arguing for exemption from penalties.

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Deadline Nears for Property Tax Appeals

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Deadline Nears for Property Tax Appeals

February 23, 2013 Bloggies by Administrator

Tax Reappraisals in major Ohio counties have initiated thousands of complaints at local boards of revision. The following counties have undergone reappraisal in 2012: Cuyahoga, Lorain, Lake, Stark, Belmont, Brown, Crawford, Erie, Fayette, Highland, Huron, Jefferson, Lucas, Morgan, Muskingum, Ottawa, Portage, Warren, and Williams.  Allen, Coshocton, Guernsey, Sandusky, and Vinton were updated.  Complaints are typically due by the end of March at each counties board of revision.  Contact our offices for a professional commercial appraisal, home appraisal, or industrial appraisal for use as evidence of value in your property tax appeal.

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Staff Member Designated in September

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Staff Member Designated in September

September 12, 2012 Bloggies by Russell Kitzberger

Russell Kitzberger was awarded the GAA, General Accredited Appraiser Designation by The National Association of REALTORS┬«.   The GAA designation recognizes successful completion of tested education coursework as well as experience in Commercial and Industrial properties.  Previously, Mr. Kitzberger was awarded the RAA designation for experience and coursework in Residential property. The additional designation provides recognition for competency for a variety of property types found in the Pointer Appraisal coverage area.

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Staff Awarded Academic Degrees and Professional Certifications in June

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Staff Awarded Academic Degrees and Professional Certifications in June

June 14, 2012 Bloggies by Russell Kitzberger

Pointer Appraisal staff members Michael Harris and Russell Kitzberger accomplish academic and professional milestones in early June.



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Ohio Commercial RE Outlook Grim; NAR Reports

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Ohio Commercial RE Outlook Grim; NAR Reports

March 06, 2012 Bloggies by Russell Kitzberger

Grim 4th quarter 2011 and low expectations for Ohio commercial real estate trends for the near future in NAR Commercial report. 



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Forbes Underscores Appraisals for Tax Planning

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Forbes Underscores Appraisals for Tax Planning

October 03, 2011 Bloggies by Russell Kitzberger

Reiterating what our referring attorneys advise many clients; Tax Attorney Robert W. Wood addresses importance of Contemporaneous appraisals in estate planning in his September 30 contribution to Forbes at Forbes.com

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March Case Schiller Posts Mixed February Numbers for Cleveland OH Housing Market

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March Case Schiller Posts Mixed February Numbers for Cleveland OH Housing Market

April 26, 2011 Bloggies by Russell Kitzberger

The Case Schiller Index published this morning posts a 1.2% seasonally adjusted February 2011 gain over January 2011. Non Seasonally adjusted price index slipped 0.8%. Both price indices are still lower than the February 2010 numbers. The market still trails far behind pre bubble levels and the levels remain below those over one decade ago.

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Summit County Residential Sales Prices Decline Sharply in January

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Summit County Residential Sales Prices Decline Sharply in January

November 30, 1999 Bloggies by Administrator

Summit County single family residential sales prices released February 4, 2011 by the Regional MLS show large declines in January as sales prices plummet from December. The average price of properties closed at $100,295, or 17% lower. Median prices plummeted nearly 31% with the median sales price closing at $66,000 during January.

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Summit County Single Family Bouncing Back in February

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Summit County Single Family Bouncing Back in February

November 30, 1999 Latest Updates by Administrator

Summit County single family residential sales prices released March 8, 2011 by the Regional MLS show sizeable increases in both Average and Median sales prices for February closings after large declines in January.  The average price of properties closed at $114,694, or 14% higher than the prior month. Median prices increased 32% with the median sales price closing at $87,250 during February.  Average and Median prices are still slightly trailing behind the December 2010 numbers.

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Summit County Residential Sales Showing Mixed March

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Summit County Residential Sales Showing Mixed March

November 30, 1999 Bloggies by Russell Kitzberger

Summit County single family residential and condo sales prices released April 7, 2011 by the Regional MLS show mixed signs as Average and Median sales prices for February closings canter after gains made in February.  The average price of properties closed at $116,282, or 1.3% higher than the prior month. Median prices decreased 36% with the median sales price closing at $75,000 down from $87,250 during February.  Average prices are still slightly trailing behind the December 2010 numbers while median prices are far behind those in December 2011.

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