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Information On Singapore Property Tax

A Singapore Property tax is a tax levied on properties in Singapore. This includes all types of properties such as HDB flats, factories, offices and vacant land. If you or your business owns property, you are liable to pay property tax.

The amount of property tax you have to pay per year is a percentage of the Annual Value of the property which you own. The Annual Value is the estimated yearly rent the property can fetch if it were rented out. The tax rate for owner-occupied residential property is 4% per year. The tax rate for all other properties is 10%.

Property taxes must be paid by 31st January each year. The Inland Revenue Authority of Singapore (IRAS) will compute the annual tax you need to pay and send you the bill in December. Instructions on how to pay property tax are also included in your bill.

Rebates, Relief, Refunds
In order to help keep taxes affordable, encourage certain types of land development and meet business needs, the Government gives out rebates, reliefs and refunds to property owners. For example, if your property has been continuously vacant for at least 30 days or 1 calendar month because of repairs or the inability to find a tenant, you can claim for a refund of property tax for that period.

Property Tax Exemptions
A building is only exempt from property tax if it is used exclusively:

· as a public place of worship

· as a public school

· for charitable purposes

· for purposes that promote the social development of Singapore

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Wisconsin Property Taxes – The Necessary Information.

The Wisconsin property tax, levied at the local level, is used for funding community colleges, fire support and police, school systems and funding local government .Wisconsin property taxes like taxes of other states contribute to the state government fund.

The tax rates are calculated locally and can vary according to area. The amount of tax payable for properties in Wisconsin is similar to other states and are dependent namely on two factors. They are the millage rate and value of the house. The local tax assessor is responsible for estimating the price of your house and sending a notice, which gives information about the fair value of your house in the real estate market. For farmers, their agricultural land is taxed based on its agricultural value rather than its real estate value, thereby offering a tax break to farmers in Wisconsin. The estimation of market value of agricultural land is done by the state rather than by tax assessors.

The revenue department of the state has an important role to play in estimation of land value as the value of tax differs state to state and also due to the fact that tax assessors can function 10% below or above the original fair market value. After submission of list of properties values by the district tax assessors, the state calculates the average value, commonly known as equalized value. This ranking helps in reducing tax, especially the part of funds assigned for the state.

The equalized value is utilized for many other purposes like estimating the amount of property taxes in the Wisconsin state.
The state uses this value to distribute tax burden and also to distribute aid to throughout the state.

Wisconsin stands in the 9th position with regard to the total amount of property tax paid by its citizens. A median homeowner resident of Wisconsin pays 77 of property taxes by owning a house of worth , 52,000.

If you get a notice from a tax assessor which gives a high determination of market value for your property, then you can submit an appeal about his evaluation. If the determined high rate of tax is true, then you may get a deduction in the Wisconsin property tax.

Wisconsin, similar to other states, gives a homestead exemption for house owners. Though the state gives exemption it is not available for everybody. It can be availed only by house owners getting lower income. In addition to above, the state provides a property tax deferral loan program. This program is all about providing loans to qualifying senior citizens to help them pay their property taxes for their houses.

On Thursday June 18th, the Governor recommended that more than 0 million collected from the Tax Amnesty Program implemented in December be used to restore property tax relief in the FY2010 budget.
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When the “experts” tell you you’re going to need a press kit for your small business I’ll bet you’re wondering why on earth you’d need one. At least, I think you’d wonder why if you think a press kit is just for the press. But the term ‘press kit’ is misleading if you ask me because press kits aren’t just what their name implies.

I prefer to call them small business information kits or information packages instead because that’s what they really are. They are meant to inform everyone, not just the press about you and your business.

Once you have a small business information kit, you’ll find you’re often giving them when someone asks for information about your company–who you are, what you do, how you can benefit them. In fact, you’ll probably find you’ll give out almost as many of your information kits as your business cards.

Sometimes it’s more appropriate to simply hand out just your card, but other times, you might like to give someone more information than what’s on your business card.

Say you’re at a party and someone asks what you do. You’d probably just give them your business card. But your business card gives this business contact only the briefest information about your company.

So, you might also ask for their name and address, and send them an information kit the next day. Sending your information kit the next day also works as an important reminder of the evening’s discussion.

On the other hand, if you’re a plumbing company, you might want to contact construction companies in your area to see if they’re interested in subcontracting your company from time to time, or better yet all the time!

Sending them just a business card probably won’t get you very far. Even sending a well-written letter introducing your company together with your business card probably wouldn’t be as effective as a complete information kit.

You could think of your business card as the “who and the where, and a little bit of the what” of the 6 interview questions-who, what, where, when, why and how. Your card probably has your business name, contact information and possibly a slogan, motto or some saying suggesting what you do.

Your information kit on the other hand, answers all the questions. It tells people who and where you are, just like your business card does. But instead of one little line suggesting what you do, your information kit tells people exactly what you do. How well it tells them what you do depends on how good your copywriting is.

And it tells them how to buy, (with your convenient order form for example, or by phone or fax, with cash, check or credit card) and when to buy (today, right now, before the special offer expires).

Your business card doesn’t have the room to tell people why they should buy from you, but your information package does. And not just by telling them you’re the biggest, the best, and of course the most innovative either.

The real secret is convincing people they can’t do without your product or service, remembering that along with a great description of your product or service, to consider your information kit from your clients’ perspective. Everyone wants to know how what you do can benefit them. How you can save them time or how you can save them money, or how you can make their life just a little bit easier.

One last word on presentation of your small business identity package. It’s almost as important as what you say. A professional image can go a long way in assuring potential clients your small business is the one they want to do business with.

You cannot compete with big companies without one, and you’ll be miles ahead of the small businesses that don’t have one. And while we’re talking about professional image, imagine how your small business will be perceived when you have the ultimate in professional image– a matching corporate identity package, information kit and small business web site.