TSX getting you down? There are always sound investment alternatives.
Latest News
'You win games with guys like that': Sherwood shines as Canucks bounce back - Sportsnet.ca Dec 17th
'You win games with guys like that': Sherwood shines as Canucks bounce back Sportsnet.caCanucks take on the Utah Hockey Club after Sherwood's hat trick SooTodayInstant Reaction: Sherwood’s first NHL hat trick propels Canucks to 3-1 win over Avalanche Canucks ArmyFe.... More »
Trump plan to cap credit card costs hits bank shares - BBC Jan 12th
Trump plan to cap credit card costs hits bank shares BBCWhy Synchrony Financial (SYF) Shares Are Plunging Today The Globe and MailWall Street ticks to records after shaking off worries about Trump’s feud with the Fed BNN BloombergTrump’s credit card plan revives .... More »
Can you survive on Canada’s government pension alone in retirement? Experts say you might be surprised + MORE May 8th
Until fairly recently, CPP replaced a quarter of your average work earnings — but it’s already providing more. We asked experts what to do if CPP and OAS will make up most of your retirement income..... More »
RECO registrar loses job in wake of iPro Realty scandal - Toronto Star Aug 22nd
RECO registrar loses job in wake of iPro Realty scandal Toronto StarOfficial from Ontario’s real estate regulator leaves post after collapse of iPro Realty The Globe and Mail2.4K Ontario real estate agents out of work after agency ordered to close: RECO Global News.... More »
Hudson’s Bay properties in focus as RioCan calls creditor filing ‘disappointing’ - BNN Bloomberg + MORE Mar 18th
Hudson’s Bay properties in focus as RioCan calls creditor filing ‘disappointing’ BNN BloombergHudson's Bay's demise marks the death of the traditional department store in Canada CBC NewsWhat could the liquidation sales be like at Hudson’s Bay? Retail experts weigh in&nb.... More »
California man protests property taxes on $59M island estate at Montana’s Flathead Lake
– canadianbusiness.com
HELENA, Mont. – A California real estate investor wants the state of Montana to lower his property tax bill by reducing the assessed value of a home he built on an island in Flathead Lake from $41.8 million to $9.8 million.
The Tax Appeal Board heard arguments last week in the appeal filed by Don Abbey of La Mirada, California, Lee Newspapers of Montana reports.
Abbey built the 24,000-square-foot home on Shelter Island in 2011. The home, guest house and boat house on 24 acres now are listed for sale at $59.5 million.
According to the state, the buildings are worth $41.8 million. That valuation would put the annual property taxes at $367,700.
According to an appraiser hired by Abbey, the buildings should be valued at $9.8 million because the house was “overbuilt” in a way that might not add value from a buyer’s standpoint.
Abbey has been paying taxes under protest since 2012. His proposed valuation would reduce his taxes by at least two-thirds.
Abbey argued appraisers for the state over-valued the property because they compared it to similar properties outside the state, but they did not lower the value after taking into account the property is in Montana…
The Tax Appeal Board heard arguments last week in the appeal filed by Don Abbey of La Mirada, California, Lee Newspapers of Montana reports.
Abbey built the 24,000-square-foot home on Shelter Island in 2011. The home, guest house and boat house on 24 acres now are listed for sale at $59.5 million.
According to the state, the buildings are worth $41.8 million. That valuation would put the annual property taxes at $367,700.
According to an appraiser hired by Abbey, the buildings should be valued at $9.8 million because the house was “overbuilt” in a way that might not add value from a buyer’s standpoint.
Abbey has been paying taxes under protest since 2012. His proposed valuation would reduce his taxes by at least two-thirds.
Abbey argued appraisers for the state over-valued the property because they compared it to similar properties outside the state, but they did not lower the value after taking into account the property is in Montana…
