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Does millage apply to real estate taxes or just personal property taxes?
Wiki User
∙ 16y ago
Under most all tax systems (I'm sure there are exceptions), the millage unit is used for determining taxes of all types of property, real or personal. It may be a different amount for any particular type of property to another...even Commercial Real Estate to Industrial or Residential....or personal property where Cars compared to household may have a different rate. Millage: A tax rate on property, expressed in mills per dollar of value of the property.
Wiki User
∙ 16y ago
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When the administration is closed can the administrator sell property?
No. In fact, an administrator must apply for a license to sell the property. An administrator doesn't have any authority to sell property without a court order. Once the estate has been closed the heirs at law own the property. The deed must come from those heirs.If property is discovered after the estate is closed and the heirs wish to sell it through the estate the administrator (or another qualified person) must petition to be appointed the administrator de bonis non (of property yet to be administered) and then must apply for a license to sell the real estate.No. In fact, an administrator must apply for a license to sell the property. An administrator doesn't have any authority to sell property without a court order. Once the estate has been closed the heirs at law own the property. The deed must come from those heirs.If property is discovered after the estate is closed and the heirs wish to sell it through the estate the administrator (or another qualified person) must petition to be appointed the administrator de bonis non (of property yet to be administered) and then must apply for a license to sell the real estate.No. In fact, an administrator must apply for a license to sell the property. An administrator doesn't have any authority to sell property without a court order. Once the estate has been closed the heirs at law own the property. The deed must come from those heirs.If property is discovered after the estate is closed and the heirs wish to sell it through the estate the administrator (or another qualified person) must petition to be appointed the administrator de bonis non (of property yet to be administered) and then must apply for a license to sell the real estate.No. In fact, an administrator must apply for a license to sell the property. An administrator doesn't have any authority to sell property without a court order. Once the estate has been closed the heirs at law own the property. The deed must come from those heirs.If property is discovered after the estate is closed and the heirs wish to sell it through the estate the administrator (or another qualified person) must petition to be appointed the administrator de bonis non (of property yet to be administered) and then must apply for a license to sell the real estate.
Can you get a mortgage for anything other than property?
You apply for a loan. A mortgage is a loan that covers real estate only.
What fee can an executor of an estate charge in South Carolina?
Taken from the South Carolina Probate Law SECTION 62-3-719.Compensation of personal representative.(a) Unless otherwise approved by the court for extraordinary services, a personal representative shall receive for his care in the execution of his duties a sum from the probate estate funds not to exceed five percent of the appraised value of the personal property of the probate estate plus the sales proceeds of real property of the probate estate received on sales directed or authorized by will or by proper court order, except upon sales to the personal representative as purchaser.The minimum commission payable is fifty dollars, regardless of the value of the personal property of the estate.(b) Additionally, a personal representative may receive not more than five percent of the income earned by the probate estate in which he acts as fiduciary. No such additional commission is payable by an estate if the probate judge determines that a personal representative has acted unreasonably in the accomplishment of the assigned duties, or that unreasonable delay has been encountered.(c) The provisions of this section do not apply in a case where there is a contract providing for the compensation to be paid for such services, or where the will otherwise directs, or where the personal representative qualified to act before June 28, 1984.(d) A personal representative also may renounce his right to all or any part of the compensation. A written renunciation of fee may be filed with the court.(e) If more than one personal representative is serving an estate, the court in its discretion shall apportion the compensation among the personal representatives, but the total compensation for all personal representatives of an estate must not exceed the maximum compensation allowable under subsections (a) and (b) for an estate with a sole personal representative.(f) For purposes of this section, "probate estate" means the decedent's property passing under the decedent's will plus the decedent's property passing by intestacy. This subsection is intended to be declaratory of the law and governs the compensation of personal representatives currently serving and personal representatives serving at a later time.
If Sam wants to buy a building and property for his dry-cleaning business he would apply for a?
commercial real estate loan
If a spouse dies in Texas what happens to oil leases?
The leases are assets of the estate. They will go with the property as the will directs or the law of intestacy will apply.
What property does not apply to a motor?
Which property does not apply to a motor?
How does real estate apply in real estate?
If you want to apply for real estate in Juhu, 4 bhk flat for sale in juhu
What can happen to property if it has not been settled in probate?
In order for title to real estate to pass to the heirs the estate must be probated. Until it is the property will remain in the estate and can't be sold, refinanced, transferred or mortgaged. It cannot be insured because the deceased owner can't apply for insurance. If you don't notify the insurance company the owner has died it may refuse to pay if there is a claim made for fire damage, storm damage, injury, etc. If the property is uninsured and someone is injured on the property they can sue the estate and may become the new owner.
how do I apply for personal grant ?
how do I apply for a Personal Grant ???
Who is in charge of an estate if deceased is not on title?
On the title to what? If the deceased is not on the title, they probably have no interest in it, so the estate will have nothing to do with that property. If the individual inherited the property from another estate, then the executor, appointed by the court, will take charge of the interests and follow the will or the law in the execution of their duties and the distribution of the assets of the estate. The nearest of blood kin followed by the nearest of marital kin followed by siblings. The probate court can appoint anyone that may apply for the task, as well.
How do you get into Property Management?
There are many ways but some are given below :1) Gaining Education and Experience2) Contact local real estate companies.3) Apply as an assistant property manager4) Look for properties to buy5) Find renters
What is a bill of sale and what kind of purchase does it normally apply to?
A bill of sale is a document that is originated by a "seller" to a buyer and is considered a legally binding document. Bill of sales normally apply to any sale that is personal property, or parcel of real, or actually property that the seller owns.
