Laws & Taxes
The Federal tax credits for home buyers have been extended and expanded
November 18, 2009 Posted by Kentucky RealEstateRama
November 18, 2009 - (RealEstateRama) — Recently President Obama signed into law the American Recovery and Reinvestment Act of 2009 which: - Provides a tax credit equal to 10 percent of the sales price of the home, up to a maximum credit of $8,000.
Congressman Yarmuth Announces New Federal Assistance Available for Potential Homebuyers
November 16, 2009 Posted by Kentucky RealEstateRama
Louisville, KY - November 16, 2009 - (RealEstateRama) — Congressman John Yarmuth (KY-3) was joined by Louisville Realtors, representatives from the Home Builders Association of Louisville, and local homeowners and recent homebuyers to announce that more Louisvillians than ever are eligible for a homebuyer’s tax credit.
Chandler Supports Extension of Homebuyer Tax Credit
November 6, 2009 Posted by Kentucky RealEstateRama
WASHINGTON, DC - November 6, 2009 - (RealEstateRama) — Congressman Chandler voted in favor of extending and expanding the first-time homebuyer tax credit for an additional year, creating a new tax credit for current homeowners, and providing an additional extension for military families to purchase homes
Whitfield Works to Make Homeownership a Reality for Service Members
October 8, 2009 Posted by Kentucky RealEstateRama
WASHINGTON, DC - October 8, 2009 - (RealEstateRama) — U.S. Representative Ed Whitfield (KY-01) supported legislation today which will help members of the U.S. military purchase a home and ensure soldiers deployed abroad are not unfairly penalized under the law.
New Home Tax Credit Could Save Kentuckians Thousands
July 8, 2009 Posted by Kentucky RealEstateRama
ERLANGER, KY - July 8, 2009 - (RealEstateRama) —A new tax credit goes into effect this month that could give some Kentuckians thousands of dollars back on the purchase of a new home. The New Home Tax Credit is an individual income tax credit and applies to a “qualified buyer” who purchases a home on or after July 26, 2009 and before July 26, 2010.
State Property Tax Rate Set at 12.2 Cents for 2009
June 29, 2009 Posted by Kentucky RealEstateRama
FRANKFORT, KY - June 29, 2009 - (RealEstateRama) — The Kentucky Department of Revenue has set the 2009 State Real Property Tax Rate at 12.2 cents per $100 of assessed value. Kentucky Revised Statute 132.020 requires the Department of Revenue to set the real property rate no later than July 1 of each year.
The Federal $8,000 tax credit for first time Home Buyers
February 25, 2009 Posted by Kentucky RealEstateRama
February 25, 2009 - (RealEstateRama) — Recently President Obama signed into law the American Recovery and Reinvestment Act of 2009 which:
REALTORS Push for Modernization of Occupational Tax Collection
March 28, 2008 Posted by Kentucky RealEstateRama
Lexington, KY. 02/27/2008 – Kentucky REALTORS® were in Frankfort last week to support issues that have an impact on the real estate industry. The group met specifically with legislators to voice support for a change in the state’s tax code and a new way for cities to collect occupational license taxes.
Covington approves tax increase
August 22, 2007 Posted by Kentucky RealEstateRama
The Covington City Commission decided Tuesday it was better to approve a property tax increase than cut services.
Proponents of the hike, which passed 4-1, said it was needed to help offset rising city expenses, particularly pension costs, which are going up by $931,000 this year, and health care.
Property-tax rate will drop a little
August 16, 2007 Posted by Kentucky RealEstateRama
Property-tax rates in Louisville are going down, but only because property values are going up.
The Louisville Metro Council’s Budget Committee unanimously approved new tax rates yesterday for real estate this fiscal year.
