Commercial Association of Brokers’ Post

Re-post from Commercial Association of Brokers! 🚨 Take Action: Oppose Measure 118 and Protect Oregon’s Real Estate Industry 🚨 Measure 118 proposes a 3% tax on sales that could have significant repercussions for our industry. If passed, this tax will increase costs at every stage of production and sales, driving up the prices of goods and services ⬆️ and negatively impacting businesses, property owners, and tenants. 🏢💼 What Measure 118 Means for You: 💰Increased Operational Costs: The tax would apply to almost all transactions, raising operational expenses for property owners, tenants, and brokers alike. This could affect leasing, property management services, and real estate transactions. 💸 Rising Consumer Prices: Tenants will likely face higher rent and operating costs as businesses pass along these new expenses. This could create financial pressure on businesses renting commercial space, potentially reducing demand and affecting market stability. 🚫📉 Economic Stagnation : The commercial real estate industry plays a critical role in Oregon’s economy. The increased costs and uncertainty brought by Measure 118 could deter new investments and limit future development opportunities in our state, impacting growth and job creation. What You Can Do: 📚 Educate Yourself: Visit No on Measure 118 to learn more about the measure and the broader impacts it may have on our industry. 📢 Spread the Word : Share this information with your clients, colleagues, and business partners. It is essential for everyone to understand the long-term implications of Measure 118. 🗳️ Take Action : We encourage you to reach out to local representatives and share your concerns about how this measure will negatively affect your business and the Oregon economy. Read more about Measure 118 here: https://lnkd.in/gZzeUAFJ #salestax #oregonrealestate #commercialrealestate #voteno #measure118 #pdxrealestate #CAB

Part 2: Is Your Assessment Fair Compared to Your Neighbors’? The second criterion to evaluate is equity. Equity ensures that your property is assessed fairly compared to similar homes in your neighborhood. If your assessment is disproportionately higher than comparable homes—those with similar size, age, and location—you may be carrying an unfair share of the property tax burden. For instance, if your home is assessed at $166,650 (reflecting a market value of $500,000) but your neighbor’s similar home is assessed at $149,985 (market value of $450,000), it highlights an inequity. Over time, such discrepancies can have a significant financial impact. In this example, the $16,665 assessment difference would result in an additional $1,263 in annual taxes, assuming a tax rate of 7.58%. Start by reviewing public assessment records for comparable properties in your area. Look for properties with similar square footage, lot size, and construction quality. Pay close attention to their assessed values. If there are significant disparities, you may have grounds for an appeal. Collecting this information and presenting it to your local assessment office is a powerful way to advocate for fairness. Keep in mind that Illinois assessments are based on sales data from the three years leading up to January 1st of the assessment year. When comparing assessments, be sure the sales data you reference aligns with this period for the most accurate and relevant comparisons. Interested in discussing further, let's chat! #foxvalleyagent #investinrealestate #theschulenburgdifference

Accruit CEO, Brent Abrahm, was honored to provide Roger Valdez some insight into #1031Exchanges for his recent Forbes article. With many misconceptions around 1031s, it’s important to provide accurate education on this powerful tax deferral tool that is vital to the US economy. https://hubs.li/Q02FR5R50 #taxstrategies #1031exchange #realestateinvesting

Despite being around for many years, 1031 Exchange is an often misunderstood incentive. It’s an essential tax tool, vital for the housing sector and the US economy. Thanks, Roger Valdez for featuring my insights in Forbes. It’s important to clear up any misconceptions surrounding the 1031 Exchange and highlight its tax deferral advantages and economic benefits. [share article] #taxstrategies #1031exchange #realestateinvesting #revolutionize1031

📊On 30 October, the UK government released its latest budget, prompting extensive analysis and discussion in social media around fiscal policies, tax rates, and future economic forecasts. While there’s much focus on how tax changes may impact the property sector, I’d like to shift the conversation to an equally critical aspect of today’s property market. As we move into the next fiscal year, one key question for property professionals is how we can create value for clients amid economic shifts. Beyond interest rates and taxes, clients are looking for support in areas that impact their daily experiences and financial well-being, such as quality property management, reliable tenancy support, and enhanced property presentation. For landlords, this means investing in tenant-focused services that ensure stable occupancy and property care. For buyers and tenants, it’s about finding value in properties that meet lifestyle needs and financial goals. And for agents, this budget is a reminder to adapt our approach—supporting clients in ways that go beyond the numbers. In the current climate, how are you positioning your services to provide real value to clients and partners? 📌 Note: Let’s connect if you’d like to discuss how I can help you with high-quality viewings, photo and video services for your properties.

#theimpossibleguysandgirlsonlinkedin It has been great to be asked again for my feedback. as well as being a regular contributor to the industry reacts by Market Financial Solutions MFS. As usual SBL financial had its own take on things and the more things change the more they stay the same. Here is an exert of my piece. please click link below for the full article and other peoples views. “Actually, I think the budget is a red herring” While Rishi Sunak was operating under the “working assumption[5]” that a general election would occur in H2 2024, the Prime Minister recently refused to rule out a May election. Maybe it’s best for everyone if we just get it all over and done with. With this in mind, Juliet Baboolal, partner at gunnercooke, issued a reminder on the importance of focusing on the long-term. Rather than becoming bogged down in short-term changes. “It is important to closely monitor future policies and reforms to determine their long-term impact on the property market and the economy,” she said. “There is a concern that the budget may be driven by political motives, as it coincides with a likely election year.” Despite the potential motives however, Ms Baboolal was optimistic about some of the announcements made. Chiefly, she welcomed the news that stamp duty perks will remain in place until 2025, that our economy overall seemed to be heading in the right direction, and that the UK should avoid a recession this year. “In summary, while the budget may not have brought significant reforms, the positive economic outlook, sustained stamp duty holiday, and focus on economic growth provide reasons for cautious optimism,” she added. On this, Sean Bowling, director and advisor at SBL Financial, believed the budget largely provided a moot point. “Actually, I think the Budget is a red herring because ultimately, if the election is in three months’ time, the plans are not going to be implemented, because they’re going to be out of power,” he said. “Labour is going to come in and they’re going to say: ‘well, we can’t roll with this Budget. We’re going to have our fiscal people looking at the state of the finances, and we’re going to introduce our own measures’. “Now, the flip side of that is, even though if we find political census on factual information, we could have some really good news as, to a certain degree, it was a positive Budget. “So, yes, there are positives, but I still wouldn’t get too hung up about the Budget. I just don’t think it’s going to amount to anything because Labor’s going to get in and have their own budgetary and fiscal policies.” This is in no way a promotional piece for Labour but more how we feel the wind is blowing! #mortgages #mortgagebroker #specialistmortgages #bridging #commercial Connect Mortgages Connect for Intermediaries

'That's a write off!'📑 It's a phrase I commonly hear thrown around. But, not so fast... it turns out not all home improvements are treated equally from a tax perspective. Let's break it down: 1) Home Office Deduction: To claim a deduction, you must have a dedicated and exclusive workspace. Using your dining table unfortunately doesn’t qualify here. 2) Rental Properties: When updating rental properties, you won’t be able to deduct the renovation costs. But, expenses like mortgage interest, property tax, operating costs, depreciation, and repairs are usually eligible deductions to take. Keep a running tally of these expenses. 3) Residential Medical Upgrades: Expenses related to improving medical accessibility are deductible. This includes constructing entrance or exit ramps, widening doorways, installing railings or support bars, and making bathroom modifications. 4) Energy-Efficient Improvements: Consider energy-efficient upgrades. Things like installing solar panels, solar water heaters, small wind energy turbines, geothermal heat pumps, fuel cells, and biomass fuel stoves qualify for various tax benefits. 5) Home Sellers Deduction: If you make improvements to your home before selling it, they can increase your home's basis (purchase price + improvements), reducing capital gains and, in turn, lowering the taxes you'll owe. Keep a running spreadsheet of those improvements! Make sure to collab with a tax pro to maximize your deductions. What did I miss? Comment below! Suzi Warner Realtor 224-977-SELL (7355) Suzi@suziwarner.com Sarah Leonard Team Legacy Properties #SuziWarnerGroup #LoveWhereYouLive #SLT #SarahLeonardTeam #LegacyProperties #SarahLeonardTeamLegacyProperties #SuziSellsTheSuburbs #IllinoisRealtor #WriteOff #TaxSeason Source: Which Home Improvements Are Tax Deductible? Tips on Rental Real Estate Income, Deductions and Recordkeeping | Internal Revenue Service

John D Wood & Co. Journal | Autumn Budget 2024 – What Does it Mean for the Property Market? The Autumn Statement brought about less upheaval than expected, offering stability and reassurance for those navigating the property market over the coming year. With no further budget anticipated for twelve months, there is now a more predictable environment for buyers and sellers to make informed decisions – which is welcomed news after a sustained period of uncertainty. Here’s a breakdown of key changes and what they might mean for the property market. https://lnkd.in/e8JM6gCa #UKPolitics #Property #AutumnStatement #Budget

John D Wood & Co. Journal | Autumn Budget 2024 – What Does it Mean for the Property Market? The Autumn Statement brought about less upheaval than expected, offering stability and reassurance for those navigating the property market over the coming year. With no further budget anticipated for twelve months, there is now a more predictable environment for buyers and sellers to make informed decisions – which is welcomed news after a sustained period of uncertainty. Here’s a breakdown of key changes and what they might mean for the property market. https://lnkd.in/ecJ55aPE #UKPolitics #Property #AutumnStatement #Budget

John D Wood & Co. Journal | Autumn Budget 2024 – What Does it Mean for the Property Market? The Autumn Statement brought about less upheaval than expected, offering stability and reassurance for those navigating the property market over the coming year. With no further budget anticipated for twelve months, there is now a more predictable environment for buyers and sellers to make informed decisions – which is welcomed news after a sustained period of uncertainty. Here’s a breakdown of key changes and what they might mean for the property market. https://lnkd.in/eXWjmeWB #UKPolitics #Property #AutumnStatement #Budget