Thailand keeps ranking in global real-estate index
Thailand's overall ranking is unchanged in the 2012 Global Real Estate Transparency Index, a Jones Lang LaSalle survey that calculates transparency in 97 real-estate markets worldwide by weighting 83 factors.
Join the discussion below, or Read more at The Nation.
#1 Jul 3, 2012
Beginning September 2005, owners of properties with an assessed value of $1 million or less may file a request for binding arbitration. The owner must file with the appraisal district no more than 45 days after receipt of the notice of the ARB's decision. The binding arbitration option is interesting because it includes a loser pays provision. The appraisal district pays for the arbitrator's fee if the final value is closer to the owner's opinion of value, and the owner pays for the binding arbitration if the final decision is closer to the appraisal district's opinion of value. Binding arbitration was passed to provide an alternative to judicial appeals, which can be expensive to prosecute.
Many owners pursue judicial appeals to further reduce property taxes. In 2005, O'Connor & Associates filed over 1,200 judicial appeals on behalf of property owners in the state of Texas. The judicial appeals can be expensive if the property owner and attorney don't understand the process and have a plan in place to minimize the cost of legal and expert witness fees. Judicial appeals are typically successful. However, success requires cooperation from the property owner, such as providing responses to questions, documents and a deposition if requested. The judicial appeal is meaningful as an option to minimize property taxes since it reduces the base value. This is important because the appraisal district and ARB consider the base value in the subsequent year when setting the administrative hearing value.
[url=http://www.thenetworkprop erty.com/]house for sale phuket[/url]|[url=http://www.t henetworkproperty.com/]land for sale phuket[/url]|[url=http://www.t henetworkproperty.com/]holiday rentals phuket[/url]|[url=http://www.t henetworkproperty.com/]Condos for sale phuket[/url]|[url=http://patta ya-properties.net/]Pattaya Properties[/url]
Add your comments below
|IntraCoastal Private Island for sale by owner H... (Oct '09)||Sat||Private island||12|
|HISTORICAL BONDS WANTED -Petrobras, Brazilian T... (Feb '10)||May 2||Jack||525|
|Skis Miltonia showflat||May 1||jummon||1|
|Ft Lauderdale Real Estate Company's (Nov '14)||Apr 30||calebhart54||3|
|SC Custom Homes and KC Renovations: Company ren... (Feb '09)||Apr 30||Sc Custom homes||7|
|Meet real estate agent who specialises in nudis... (Nov '13)||Apr 29||koko||11|
|How to choose a real estate agent||Apr 27||kearbear314||2|
Find what you want!
Search Real Estate Forum Now
Copyright © 2015 Topix LLC