Posts from August 2010
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23
Health Care Bill Includes New
A few months ago, a health care bill turned the country upside down on the subject of the "National Real Estate Transfer Tax." Both sides have argued whether or not the new "Real Estate Tax" exists. Some might even be asking what a Transfer Tax is. Unlike property taxes, real estate transfer taxes are state and local taxes that are assessed on property when ownership of the property is transferred between parties. These taxes are used in many areas to fund programs designed to preserve rapidly depleting spaces in commercial or residential areas, and to fund housing programs for low-income residents. With all the confusion and controversy we do have a better explanation! Effective January 1, 2013, singles with annual gross income over $200,000, and married couples with annual gross income over $250,000 will have to pay 3.8% tax on profit from the sale of their property. This is not an inco...
12
Ruhl&Ruhl REALTORS Announces New Cedar Rapids Office
Caroline Ruhl, President of Ruhl&Ruhl REALTORS, is pleased to announce the addition of a Cedar Rapids Office. Ruhl&Ruhl is the 96th largest residential real estate company in the country in sales transactions, according to the National Association of Realtors. They are the largest real estate company in eastern Iowa. Cedar Rapids will be Ruhl&Ruhl's 10th office – their other residential sales offices are located in Bettendorf, Davenport, Clinton, Coralville, DeWitt, Maquoketa, Muscatine and Dubuque, Iowa; and in Moline, Illinois. The company belongs to 11 different Multiple Listing Services and properties for sale from all these markets are available to the public on their website at RuhlHomes.com. The 253 agent company has been serving families in the region since 1862 and Caroline Ruhl is the 4th generation of Ruhl's to lead the organization. Her son, Chris Beason...
