[Connie]

A complete guide for property tax assessments and related questions:

How county assessors value homes and determine property taxes:

• Use mass appraisal techniques.
• Consider recent sales of similar properties.
• Factor in improvements, location, and property characteristics.
• Apply local tax rates to the assessed value.

Assessed value meaning:

• This is the dollar amount assigned to a given property for tax purposes.
• Often different from market value.

Factors used in determining assessed value:

• Size and age of the property.
• Construction quality.
• Location and neighborhood.
• Recent improvements or renovations.
• Sales of comparable properties.

Reducing your tax bill:

• Challenge the assessment if you think it’s too high.
• Apply for exemptions (homestead, senior citizen).
• Only make major improvements after an assessment.

Maximum increases in property taxes:

• This varies by state.
• Many states have caps on property taxes (e.g., California’s Prop 13 limits increase to 2% annually).
• Some states do not have caps.

Tax breaks for seniors:

• Most states offer some form of property tax relief for seniors.
• It can include exemptions, deferrals, or freezes.
• Eligibility and benefits vary by state.

Use of property taxes:

• Funding local services (schools, police, fire departments).
• Infrastructure maintenance.
• Local government operations.

Challenging assessments:

• It is generally advisable if you believe the assessment needs to be more accurate.
• It can save significant money over time.

Process for disputing property taxes:

• Review your assessment, looking for errors.
• Gather evidence (comparable sales records/condition issues).
• Contact the assessor’s office to request an informal review.
• If needed, file a formal appeal, e. Attend appeal hearing.
• Consider hiring professional help if the case is complex.

Frequently asked questions:

• Why did my assessment increase? How often is my home appraised?
• What exemptions are available?
• How do I contest my valuation?

Assessed vs Market Value:

• Assessed Value: Tax purpose is usually lower than market value.
• Market Value: Expected selling price under current market conditions.

Basic explanation about these evaluations regarding real estate taxes: Property official valuation conducted periodically by local government used as a basis when calculating real estate bills

Different types are evaluated differently:

• Homesteaded, owner-occupied houses usually benefit from the homestead exemption.
• Investment properties are taxed in full, no matter what.
• Commercial buildings are valued based on income generation ability plus comps applied through taxation rates determined by local authorities, where higher percentages charge businesses than residences.

Assessment methods commonly employed differ between residential and commercial sectors. Assessments of residential and commercial properties differ, with the former relying heavily upon comps. At the same time, the latter may utilize either approach alone, cost approaches, and sales comparison analysis, depending on the specific situation.

Just remember that rules differ depending on location. Therefore, always check with your local assessor’s office before taking further steps toward appealing their decision regarding how much your house should be worth!

https://www.youtube.com/watch?v=hzD-gXgWxJc&ab_channel=CountyOffice

[Connie]

Wisconsin property taxes can be very complicated and controversial. Let’s go through your questions one at a time:

Property tax cap in Wisconsin:

Wisconsin has no strict limit on how much individual property taxes can increase. However, there are caps on the total amount of property tax revenue that local governments can collect, called “levy limits.” These are determined by net new construction and do not directly put a ceiling on increases for any specific property.

Maximum Limit on Property Tax Increases:

Individual property tax increases do not have maximum limits. Depending on assessments and local budget requirements, they can greatly differ.

Age to Stop Paying Property Taxes:

In Wisconsin, you don’t automatically stop paying property taxes when you reach a certain age. However, seniors may defer their taxes with programs run by organizations like the Wisconsin Housing and Economic Development Authority (WHEDA) if they’re 65 or older and meet some income criteria.

Fighting A High Property Tax Reassessment:

• Check the accuracy of your assessment.
• Review similar properties’ assessments.
• Submit an objection to your local Board of Review.
• Think about hiring a consultant or attorney who specializes in this field.

Meaning Of Increased Property Tax Assessment:

Increased assessments indicate increased value, which usually results in higher taxes. However, actual tax hikes depend on rates/levies set by localities.

• Market conditions (e.g., increasing home values).
• Local developments and improvements made around.
• Changes introduced into budgets used by governments within jurisdictions where you live/work/etc., such as schools, etc…

Reassessments are conducted periodically so that properties reflect current worth according to prevailing market trends over periods ranging from every few years up until decades pass between evaluations performed.

What To Do If You Can’t Afford Your Increased Property Taxes:

• Check out relief programs offered for people struggling financially due to rising costs associated with owning real estate.
• Consider the potential outcomes and whether challenging its valuation is worth pursuing.
• Determine eligibility status regarding exemptions available under state law governing taxation matters for elderly citizens.
• See if there are tax exemptions for seniors living alone together without children being present during daytime hours.
• This indicates no need for additional funding sources beyond those already provided through normal channels used throughout society today.
• This includes but is not limited to churches, charities, non-profit organizations, etcetera ad infinitum.

The only way to completely avoid paying property taxes is if you legally qualify for it under certain circumstances. Certain circumstances include moving somewhere in an entirely different area where no levies are imposed upon residents residing therein solely. This is because they needong be in Milwaukee County, WI, specifically speaking here. Otherwise, all I’m saying is nothing more than wishful thinking, so don’t get your hopes up too high, my friend! But still, remember, though. They’re out there waiting patiently until someone comes along willing enough, brave enough, bold enough, daring to even try to apply their life after death. Whatever happens next will surprise us both equally!

Compared nationwide…

Owner-occupant vs investment property taxes:

Owner-occupied homes qualify for dollar credit lottery gaming casino reduction investment properties, which typically have higher effective rates and deal reassessments.

How often should we expect changes?

Usually, it reflects prevailing market values. That doesn’t mean necessarily seeing increased taxation levels since these could adjust accordingly between regions within state boundaries each year based upon numerous factors. Factors affecting changes in property taxes include population density growth rates and economic development initiatives undertaken by various municipalities located across the region known collectively as Midwestern United States America. These states include neighboring states Michigan, Minnesota, Iowa, Illinois, Indiana, Ohio, Kentucky, Missouri, Nebraska, North Dakota, South Dakota, Wyoming, Colorado, Kansas, West Virginia, Virginia, Maryland, Delaware, New Jersey, New York, Pennsylvania, Connecticut, Rhode Island, Massachusetts, Vermont, New Hampshire, Maine …

Therefore, when things change regarding laws surrounding taxation policies affecting residency status, individuals living abroad temporarily visit friends, relatives business associates, and partners everywhere else. The World Wide Web enticingly invites everyone to join a fun-filled adventure exploring vast wilderness areas of untouched nature parks, wildlife preserves, national monuments, historic sites, scenic routes, picturesque landscapes, breathtaking views, panoramic photographs, stunning sunsets, colorful flowers blooming gardens, lush green fields, rolling hills, valleys, mountains …

But remember, always check local assessors’ offices!

If worried about specific issues related to a personal situation involving housing arrangements made, recently enrolled school district children attend classes together with different grade levels teachers recommending suitable courses, electives, extracurricular activities, clubs, sports teams, etcetera then contact appropriate authority immediately find out what should happen next step process takes place part this ongoing saga unfold right before our very own eyes daily basis minute hour day after day week after week month year decade century millennium eternity infinity forever amen.

https://www.youtube.com/watch?v=ntq5cgJPqsc&ab_channel=WISN12News

[Connie]

Why Mortgage Lenders Regard Late Payments After Bankruptcy or Foreclosure as Second Offenses.

Risk Assessment

Higher Risk: Creditors see late payments following bankruptcy or foreclosure as an indicator of financial instability. They regard borrowers who have gone through a major credit event and continue to make late payments as high-risk.

Behavioral Pattern: Late payments after a significant credit event imply persistent bad financial management. Lenders fear that such individuals may repeat their previous mistakes.

Creditworthiness

Effect on Credit Score: Late payments significantly reduce credit scores. A poor credit score makes it difficult to qualify for a mortgage loan.

Trustworthiness and Dependability: Borrowers should prove that they can be relied upon to repay debts by lenders. This faith is destroyed when someone fails to pay promptly after going bankrupt or losing their property through foreclosure.

Underwriting Guidelines

Rigorous Standards: Mortgage lenders follow stringent underwriting guidelines, which favor those with good payment history records over time.

Adherence to Regulations: Lenders must follow rules requiring them to assess whether borrowers can repay the loan carefully. Any delay indicates that such persons could anticipate an inability to meet these obligations.

How Can I Qualify For A Home Loan With Late Payments After Bankruptcy Or Foreclosure?

Time and Patience

Seasoning Period: Most lenders require at least two years after filing bankruptcy and four years following foreclosures to consider a new mortgage application. This length of time is important since no delayed payment should be made during this period.

Building Better Credit History: Use the stay to reconstruct your credit rating by ensuring all bills are paid on time and reducing outstanding debts, among other things.

Compensating Factors:

Steady Employment: Showing consistent work experience and regular income may help offset past delinquency concerns raised due to the stability of the employment history and other factors.

Higher down payment: Offering more money upfront can lower lenders’ risk perception, improving approval chances.

Reserves: Substantial savings demonstrate financial soundness and ability to cater to meet obligations like s, such as a mortgage loan.

Credit Rebuilding:

Secured Credit Cards: You could make small purchases regularly using secured credit cards to revive your borrowing reputation and settle the total bill every month without fail.

Rebuilder Loans For Credit are loans intended to boost an individual’s credit score and history.

Documentation & Explanation:

Letter of Explanation: Provide a comprehensive letter explaining the reasons behind late payments, particularly if they were caused by temporary setbacks (like illness or loss of job). It may also be helpful to indicate steps taken to resolve the situation permanently.

Proof of Progress: Indicate evidence pointing towards better money management skills, e.g., a budget plan, or enrollment in financial counseling.

Find Lenders Who Specialize In These Cases

Non-QM Lenders: Non-qualified mortgage lenders have less strict qualification standards and may consider borrowers with post-bankruptcy or foreclosure late payments cases.

Subprime Lenders: Some companies specialize in lending money to higher-risk individuals, but such loans come at higher interest rates and fees. It would help if you did not ignore this fact when applying for them, though it is worth noting that other alternatives exist that could work better depending on one’s circumstances; thus, seeking advice from an experienced broker might prove useful here, too.

Use A Home Loan Specialist/Mortgage Broker Assistance:

Expert Advice: Approach home loan specialists or mortgage brokers who understand market dynamics relating to difficult credit histories of borrowers seeking financing options within the real estate industry.

Multiple Options Available: Brokers deal with many different lenders offering various types of loans, thereby increasing the likelihood of finding suitable terms appropriate for any given client’s specific needs

Ending:

After filing for bankruptcy or foreclosure, it may be difficult to secure a mortgage with late payments. However, this is not impossible. Some ways of achieving this include showing better financial behavior, providing compensating factors, and approaching appropriate lenders. What is required most is patience as one works towards improving one’s credit score and stabilizing one’s finances.

[Connie]

The “Defund the Police” development alludes to a motto and another social movement that increased recognition in the US after many well-known cases of police malpractice, especially in 2020. Here’s an outline of what it means:

Meaning of “Defund the Police”:

A single definition does not exist for this term, as it has various interpretations. Some people believe that it entails:

Reallocating funds involves transferring an amount from one thing (like a department) to another, such as education or mental health service programs run by governments.

Reimagining public safety: This process involves society taking another look at policing within communities with ideas on alternative models for community safety being developed.

Complete abolition: A few advocates want the total disbandment of all forces nationwide.

How the movement operates:

Those who support this cause propose the following:

Reducing police budgets

Investing more money into community-based services instead

Demilitarizing police forces

Implementing different ways to respond when dealing with non-violent events

Political support:

Mainstream Democratic leaders have largely avoided using the word ‘defunding’ while still advocating reform. However, local politicians usually back these movements more strongly than their national counterparts, so presidents like Joe Biden, among others, may not directly share the views expressed here. However, some parts could overlap depending upon interpretation.

What do we know about Kamala Harris and the $150m cut from the LAPD budget?

No evidence suggests Kamala Harris supported Mayor Eric Garcetti’s decision to defund the Los Angeles Police Department by $150 million. Still, claims should be verified against trustworthy sources before accepting them.

What we do know is that during protests following George Floyd’s death last year, Mayor Garcetti proposed cutting 150 million dollars out of his city’s police force, which led some people to criticize him as an anti-law enforcement officer friendly towards criminals, etc. Still, no information available confirms or denies whether she backed such a move while running for office again later than once inaugurated into the VP role.

Is Kamala Harris anti-law enforcement?

Due to her background as attorney general and prosecutor, Kamala Harris has had an intricate relationship with law enforcement. However, it should be noted that while being tough on crime, she also received support from some progressive groups who felt that accountability was needed within these systems. Additionally, resources were increased for organizations involved in this field, but still, there were calls made demanding change in those sectors, too, so no one is completely right.

Politicians’ positions often have many shades of gray. They can change over the years, so consult official documents like statements and voting records if you want accurate information about any person’s standpoint.

[Connie]

Clarification about Force-Placed Insurance

Translation:

Force-placed insurance (FPI): An insurance policy obtained by a lender or finance company when the borrower’s coverage is terminated or inadequate; it safeguards the lender’s investment in the property.

Mechanism:

Insurance Lapse: The existing coverage of the borrower expires or fails to meet minimum standards set by lenders.

Notice: The lending institution gives notice to the debtor and sets a deadline for updating or reinstating their insurance cover.

Placement of Policy: If they do not comply, this institution purchases FPI on their behalf and charges them for it, too.

Process:

Detecting Lapse: Finding out that there have been no lapses and insufficient coverages.

Warning: Informing someone with an opportunity to correct themself after making mistakes.

Acquisition Of Policies: Buying insurance and adding premiums into borrowers’ loan balances by financial institutions.

Cost of Premiums:

High Premium Charges: Because they do not shop around between sellers due to the lack of competition, while in high-risk covering areas, FPI policies are usually more costly than ordinary ones.

Paying off Lenders:

Probable Commissions: This act is controlled to prevent misuse, but lenders could still receive commissions from insurers when placing orders regarding FPI policies.

More Information:

Implication on Cost: Borrowers’ monthly payments may rise sharply due to increased amounts imposed through these elevated rates called force-placed insurances (FPIs).

Scope: FPI mostly only covers limited fields that safeguard the interests of lenders rather than homes’ owners’ belongings or liability in general.

In Closing,

Force-placing an insurance policy is one way that banks protect themselves financially should anything happen to a property whose owner allowed their insurer’s coverage plan to expire, though often resulting in higher charges and limited protection against possible eventualities for such people.

[Connie]

Yes, you are right. It has become increasingly popular in recent years because of its ability to deliver strong flavors at affordable prices. Let me go into more detail about Malbec:

Origin and History:

• Originally from France (Cahors region).
• Became well known in Argentina (particularly Mendoza).

Flavor Profile:

• Medium to full-bodied.
• It mainly tastes like black cherry, plum, and blackberry.
• Sometimes, there is a hint of chocolate coffee or tobacco.
• It may show earthy/leathery notes, especially with the French ones.

Growing Conditions:

• It does best in high-altitude places with large temperature variations.
• The climate and terroir of Mendoza are perfect for growing Malbec grapes.

Winemaking Styles:

• It can be made into young fruity wines and complex aged versions.
• Often blended with other grapes in Bordeaux-style wines.
• Some producers make top-end premium quality.
• Malbecs that can rival wines from other regions.

Food Pairing:

• Great for red meats (especially grilled/barbecued).
• Goes nicely with hard cheeses.
• It pairs well with rich, savory sauce dishes.

Affordability:

• Many excellent value-for-money Malbecs are available at moderate price points.
• Comparatively priced lower than some other popular red grape varieties.

Aging Potential:

– While most meant to drink early, higher quality examples age well.

– Better ones can gain additional complexity over 5 – 10 years or even longer.

Global Spread :

Besides Argentina & France, it is now grown in Chile, the USA, Australia, etc.

Versatility :

They are made in various styles ranging from light fruity to rich complex.

Suits every wine lover’s taste, from beginner to refined palates.

Health Benefits :

Like any other red wine, it is packed with antioxidants that offer some health benefits if taken within limits.

It is popular because it has different flavors and structures at different price points, which makes it suitable for anyone. Its food pairing flexibility and easy drinking style have also made this grape variety loved worldwide.

[Connie]

German Shepherd dogs are hilarious. German Shepherds are smart, easy to train, very loyal, very protective, and last but not least, German Shepherds are funny and will make every member of their family laugh out loud everyday. German Shepherds are indeed remarkable dogs known for their intelligence, trainability, loyalty, and protective nature. They are not only excellent working dogs but also make fantastic family pets. Their ability to learn commands quickly and perform various tasks makes them highly versatile. German Shepherds are protective of their families, often serving as guardians. Besides their impressive working capabilities, they also have a playful and humorous side that can bring joy and laughter to their owners, making them cherished companions in many households.

https://www.youtube.com/watch?v=S4NddtYa1nY&ab_channel=FunnyPetVideos

[Connie]

I do not get the joke but I think it has something to do with Former President Donald Trump’s recent assassination attempt with a bullet grazing his ear.

[Connie]

A Chapter 13 Bankruptcy Cash-Out Refinance is a complicated process that lets homeowners tap into their home equity to pay off their bankruptcy plan sooner rather than later. VA and FHA Loans are the only mortgage loan programs that allow mortgage loan approval during the Chapter 13 Bankruptcy repayment plan. VA and FHA loans during Chapter 13 Bankruptcy repayment plans have the same guidelines, but VA guidelines are more lenient than HUD’s.

Here is a step-by-step guide:

Eligibility Requirements: Active Chapter 13 Bankruptcy plan.

• Enough equity in the home.
• Stable income to cover new mortgage payments.
• Improved credit score since filing for bankruptcy.
• 12-24 months of on-time payments in the Chapter 13 plan.

Bankruptcy Court Approval: Mortgage Process:

• First meeting with a lender who has experience with Chapter 13 refinances.
• Pre-qualification to determine eligibility and the loan amount you may qualify for.
• Application and document submission (usually similar to regular mortgages).

Bankruptcy court approval:

• The borrower’s bankruptcy attorney filed a motion to Incur Debt.
• Trustee review and potential objection.
• Judge’s approval.
• The lender orders A home appraisal (similar to regular mortgages).
• Underwriting process (similar to regular mortgages).
• Closing and fund disbursement (similar to regular mortgages).

Key Points:

Loan-to-Value (LTV) ratio: Usually capped at 80% to avoid Private Mortgage Insurance (PMI).

Funds distribution:

• Payoff of existing mortgage(s).
• Payoff of bankruptcy balance(s).
• Any remaining funds to the borrower.
• Interest rates may be higher due to the complexity/risk involved.
• Mortgage rates can vary between lenders, so shopping around is important!

Timing: Often done towards the end part or after discharge has been granted but before the case is closed out completely – it also depends on which stage you are in your plan when doing this type of refinance.

Lender specialization: Not all lenders offer this refinance; you must find one familiar with bankruptcy and refinancing. Check with several different institutions before making a final decision!

Benefits:

• Early exit from bankruptcy.
• Lower monthly payments because you may get a lower interest rate and extend the term over a longer period, resulting in a lower payment amount (this depends on various factors such as your credit score, income history, etc.)

Faster credit rebuilding: If you keep making mortgage payments on time every month after refinancing with this type of loan, then it should show up positively in your credit file, so long as other bills are paid on time since filing bankruptcy—but ask your lender about specifics here, too!

Challenges:

• It is a complex process that involves many parties: lender, bankruptcy court, and trustee.
• Lenders charge higher interest rates due to the added complexity and risk involved.
• There is always a risk (although slight) of losing protection afforded under the Chapter 13 plan if something goes wrong or events do not unfold as planned during the action taken.
• This could result in the case being dismissed altogether without any discharge granted.
• Most cases won’t have issues like these because they would have been identified before refinance.

With all that said, it is important for borrowers considering one of these transactions to work closely with professionals who have done them before—such as an experienced bankruptcy attorney familiar with local rules and requirements imposed by the specific jurisdiction where the debtor resides. Each court may have different procedures and nuances, so having someone help guide them through the process will be invaluable!