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Category Archives: State Tax Issues

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Appealing Real Estate Taxes in Florida

Posted in State Tax Issues

As the old saying goes, there are two certainties in life: death and taxes.  For commercial real estate owners and developers, the latter is an inevitability that may be mitigated.  Each August, Florida property tax appraisers send out TRIM notices, or Notice of Proposed Property Taxes, advising all taxpayers of the proposed assessment on their… Continue Reading

Motor City Meltdown: Municipal Bankruptcy in Brief – Chapter 9 Administration in a Nutshell

Posted in Bankruptcy, Bond Finance, Debt and Judgment Collection, State Tax Issues

From March 2012 to March 2013, 76,467 bankruptcy petitions were filed in Florida under Chapters 7, 11 and 13. In contrast, since the Great Depression less than 500 municipalities have filed for Chapter 9 protection. In fact, only twelve municipalities filed for bankruptcy protection last year. Nevertheless, once Detroit became the largest city in U.S…. Continue Reading

Documentary Stamp Tax on Renewal Loans – A Review of the Basics

Posted in Banking Operations, Commercial Real Estate Lending, Residential Real Estate Lending, State Tax Issues

With property values slowly increasing and borrowers beginning to see the light at the end of a long recession, the demand for renewal loans is slowly building. To that end, let’s briefly review a few of the key rules concerning documentary stamp taxes as they apply to renewal loans. Generally, in Florida, a written promise… Continue Reading

Documentary Stamp Tax: a Quick Review of the Basics

Posted in Commercial Lending, Commercial Real Estate Lending, Residential Real Estate Lending, State Tax Issues

Happy new year to our blog readers! In 2013, we are all hoping for an improved economy and, with it, an increase in the volume of commercial and consumer loans. Remember that Florida has certain transactional taxes for which lenders are the responsible collecting parties including documentary stamp taxes. In case you are new to… Continue Reading