I am asked frequently if I know the details of the new 3.8% tax on Baton Rouge homes passed in the recent health care bill that takes effect starting in 2013. This was one aspect of the Health Care bill that caused quite a flurry of discussion, misinformation, and outcry. I am summarizing a few points here and linking you to some information sources that will help you familiarize yourself for discussions with your tax accountant.
Will Baton Rouge Homes have an additional tax in 2013? The answer is Yes, some will. But not all. And it did get passed as a Medicare tax in the new Health Care Reform bill.
Baton Rouge Homes that are primary residences won't be affected until the $250,000-$500,000 allowable total profit is reached. But investment properties and second homes and vacation properties will be taxed. And rental income, maybe. The new tax applies to "unearned" net investment income. Unearned income is the income that an individual derives from investing his/her capital. It includes capital gains, rents, dividends and interest income. It also comes from some investments in active businesses if the investor is not an active participant in the business.
As with all tax codes, this new medicare tax is complicated. So it is advisable for all homeowners to study and learn about this new tax, and then discuss it in detail with your tax adviser, before it catches you by surprise in 2013.
The National Association of Realtors and others have answered some of the more common questions.
Health Insurance Reform, Frequently Asked Questions
FactCheck.org A 3.8 percent "sales tax" on your Home?
Today, January 26, 2011, the historic Downtown Hilton is hosting a Benefit to raise awareness for the East Baton Rouge Parish initiative to have a No Kill Animan Shelter, called YELP BR.
Eat at the Kingfish Restaurant all day today, and mention to the server that you are there supporting YELP, and The Hilton will donate 10% of the money collected to support the No Kill Animal Shelter in Baton Rouge.
YELP House will have a Valentine's Open House on Saturday February 2th from 11am to 5pm.
If your family is thinking about adopting or fostering a dog, be sure and visit the YELP BR before you decide.
The pet adoption days are held thruout Baton Rouge at several locations. Visit their website for details. T
he new anomal shelter was opened in the spring of 2010 at 3205 Lanier Drive, Baton Rouge, LA. It houses about 50 dogs. You can visit weekdays from 9:30 am to 5:00 pm. Weekends are by appointment only. This new location allows new dogs with treatable illnesses such as kennel cough to be quarantined before being placed for adoption. It has a wonderful yard with outdoor kennels so the dogs can enjoy outside for the majority of the day and has a yard to allow workers to socialize the dogs and let them play.
We frequently have doctors and medical personnel looking for lucxury Baton Rouge homes within a close commute of the hospitals. There are 3 majoy medical facilitoes along the corridor between Bluebonnet and Essen/Hennesy in South Baton Rouge: OLOL (Our Lady of the Lake), Baton Rouge General, and Oschner Medical Clinic.
One subdivision just off Bluebonnet with luxury Baton Rouge Homes that is often overlooked since it is hidden behind the business row is Woodlake at Bluebonnet.
View Larger Map
Built around a lake there are a variety of lot sizes and shapes,
These luxury homes are custom beauties with a variety of architecutre from California modern to tradisional Louisiana Acadian. And the subdivision has an active homeowners associateion which is always desirable for long term stability. Many of the builders are well know in Baton Rouge like jim Fussel. This is a neighborhood you will be glad to come home to.
You can find this subdision a short drive from I-10 and the Mall at Louisiana:
Looking for complete information on Baton Rouge homes?
This festival brings together a series of films that inspire, inform, and entertain. Each film in some way reflects the long history and culture of the Jewish.
There are a variety of films such as the engaging "Max Minsky and Me" about a skinny Bat Mitzvah candidate and nerdy future astronomer, living in Berlin, wants to be on the girls' basketball team to meet her "prince charming. Brush up on you German while you enjoy:
Or the more sombre documentary on the life of Hank Greenspun from associate of mobster Bugsy siegel to maverick founder of the Las Vegas Sun and its editorial "Where I Stand"
You can see these and others at Shaw Center January 19-23, 2011
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"Thank you for this opportunity to share about my experience. The first thing I wanted to say about working with you is that you listened. Secondly, you were compassionate. I was going through a very difficult time and my sadness often got the best of me. You helped me hold it together for the closing of one house and the purchasing of another. I knew I could count on you to tell me the truth and to evaluate offers fairly - using your best judgment to help me make some very important and difficult decisions. You always conveyed that you had my best interest at heart in all my conversations and dealings with you. I knew I had found a prize in you! ." Mary Wilkins, Managed Health Care, Homeowner, Carter Hills, Denham Springs
-Ann Dail sold me my first house and she was absolutely wonderful. I have referred clients to her for both listing and those who need an agent. She has always done a spectacular job for both. Laura Sonnier, Homeowner Parkview Oaks
"Ann was great in helping me find my first home. I was a first time buyer and she made the process completely painless. She was able to explain things in a manner that made sense to me. She always looked out for my best interests. I would definitely recommend her to any of my friends or family looking to purchase a home in the Baton Rouge area." -Scott LaFleur, Stryker Endoskopy Homeowner, Country Ridge
"Baton Rouge Area Homes assisted us with the purchase of a condo for our daughter, an LSU student. We live in Houston, and had no knowledge whatsoever of the Baton Rouge real market. Ann made the process a breeze. She happily spent the time necessary to familiarize us with different areas of the city and with Louisiana real estate laws. A true professional, Ann has stayed in touch with us over the last year, providing names of contractors and companies to assist with maintenance of our property. Our highest recommendation goes to BRAH for anyone looking for a qualified and honest real estate company." -Tom & Debbie Ashley, Houston, Texas
"Baton Rouge Area Homes was very helpful in helping me purchase my first home. My agent, Ann, was always willing to show me a home at the last minute and was very knowledgeable when I had questions. As a first time buyer I had many questions and/or concerns with purchasing a home, but Ann was always honest, forth coming and patient with me. I highly recommend Baton Rouge Area Homes to anyone looking to purchase or sell your home. If you're looking for a company with integrity, character, and honesty, then Baton Rouge Area Homes is the choice for you. -Angie J. Brown, Pennington Biomedical Homeowner, Perkins Village
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