Is Free City A Real Game
Lynne Pruskowski
Robert Day is an Advisor at Capital City. Since 1973, he has been involved in over $2 billion of real estate transactions including acquisitions, development and brokerage assignments totaling over 4 million square feet across the US. Prior to joining Capital City, Robert co-founded and served as President of two private real estate investment firms, Edwards Day and Day Capital Partners. In that capacity, he directed the ownership efforts in the acquisition, disposition, leasing and management of over $500 million of assets and served as a General Partner in over 25 entities including office building transactions in Atlanta, Boston, Miami and Washington DC totaling approximately 1.5 million square feet.
Jason has always had a great appreciation for real estate. He finds improving the urban environment very rewarding and recognizes the importance of his position in the intricate development process. Jason is responsible for the oversight of all accounting and finance activities for Capital City Real Estate. He has over 18 years of accounting and finance experience. Prior to joining the Capital City team Jason was the Controller for a top 10 national public builder. He has over 13 years of real estate and construction experience. Jason holds a Bachelor of Business Administration in Accounting degree from Howard University. He lives in Columbia, Maryland with his wife and two children.
Brent Zimmerman is a principal at Capital City. His responsibilities include overseeing company processes and operations while focusing on construction and purchasing systems processes. Prior to Capital City, Mr. Zimmerman worked at a multi-billion dollar international company as a team lead in the design of network infrastructures. Mr. Zimmerman has an Engineering Degree from the University of Michigan, graduating Magna Cum Laude and is a member of their Engineering Honor Society.
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Jim considers it a privilege to build homes for people. He strongly believes that a well-built home is a direct result of the smart planning and detailed design that takes place well before a shovel goes into the ground. Each CCRE project is as unique as Jim, and he approaches each one with a commitment to improve the urban living experience for every buyer. Jim graduated from the University of Texas and served for six years in the United States Navy. He started his construction career in 1981. Jim does not have any children, so he considers his progeny to be the homes that he builds.
Insert the consideration or value of the interest or property conveyed, including the value of any lien or encumbrances remaining thereon at the time of sale. Round value of consideration, including any liens or encumbrances ("value") down to the next dollar.
NOTE: The City of Culver City is providing this online calculator as a courtesy and it should not be relied on. The City is not responsible for the correct calculation of the property transfer tax.
Property sold or conveyed on or after April 1, 2021 for more than $100.00 is assessed at the following marginal tax rates, based on the consideration or value of the property conveyed, including the value of any lien or encumbrances remaining thereon at the time of sale:
The Culver City RPTT is assessed on the consideration or value of the interest or property conveyed including the value of any lien or encumbrances remaining thereon at the time of sale. This is an important distinction because many jurisdictions tax the value excluding the value of any lien or encumbrances.
Either the seller or buyer may pay the real property transfer tax during the transfer or sale. If it is not paid, the seller and buyer are jointly and severally liable to the City for the payment of the tax.
Property conveyed by inheritance may be exempt from the real property transfer tax. See the County of Los Angeles's "Notice of Exempt Transactions Under the Documentary Transfer Tax" document for a list of more exemptions. You may also contact the County Recorder's Office staff at (562) 462-2125 if you have any further questions about exemptions.
The RPTT is a "general tax," not a "special tax," and may be used for any valid municipal purpose. General tax revenues are deposited into the City's General Fund and do not go to the County or State. Like other City revenues, real property transfer tax revenue is subject to annual independent audits, ensuring full accountability and transparency.
You can obtain the real property assessment information on our website, or a copy of the notice of assessment may be acquired from our office with payment of search and copy fees and a self-addressed stamped envelope mailed to our Honolulu or Kapolei offices. Checks should be made payable to the "City and County of Honolulu".
Mass Appraisal
Mass appraisal is defined as the systematic appraisal of groups of properties as of a given date using standardized procedures and statistical testing. Sales data are analyzed and adjustments are made by the appraisers based on what buyers paid in the market. These adjustments are applied to the large populations of properties to estimate the value using a Computer Assisted Mass Appraisal (CAMA) system. RPAD follows the ROH to apply mass appraisal to value all properties for ad valorem taxation purposes to obtain uniform and equalized assessments throughout the county. RPAD appraisers have been continuously and actively trained by International Association of Assessing Officers (IAAO) instructors and its resources.
The Real Property Assessment Division administers provisions of Chapter 8, Revised Ordinances of Honolulu, relating to the assessment of real property for tax purposes. It ensures real property assessment values are fair and equitable, based on market value, and in accordance with applicable standards and laws.
Anyone who owns a taxable property in Philadelphia is responsible for paying Real Estate Tax. Typically, the owner of a property must pay the real estate taxes. However, anyone who has an interest in a property, such as someone living in the property, should make sure the real estate taxes are being paid.
The amount of Real Estate Tax you owe is determined by the value of your property, as assessed by the Office of Property Assessment (OPA). If you disagree with your property assessment, you can file an appeal with the Board of Revision of Taxes (BRT). Appeals must be filed by the first Monday in October of the year prior to the tax year you are appealing. (For example, to dispute an increase to your property assessment that is set to take effect in the 2020 tax year, you would need to file an appeal by the first Monday in October 2019.)
Pay by mail with a check or money order. Be sure to attach a payment voucher to your bill and write the tax type and account number on your check. Payment vouchers can be printed from the Philadelphia Tax Center.
State law permits real property taxes on owner-occupied residences and some small business to be paid in two equal installments, the first payment due in July and the last payment before January 1. A small service fee is added to the second installment.
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