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Erik Asarian

Promontory and Credit Suisse Announce Agreement

02-12-08
Erik Asarian

Kudos to Credit Suisse for Playing Their Hand Right! 

In the volatile world of real estate development, developers and their financial backers invariably face-off.

This time, cool heads prevailed.

From where we sit, it sounds like the Pivotal/Promontory Group and Credit Suisse/investors put their heads together and forged an everybody-wins solution, averting what could have been an ugly outcome.

Who Knows the Real Story Behind Friday's Promontory Press Release? 

We weren't at the negotiating table, so this is purely speculation on our part, but...
What better way for bankers to secure their investment than to step up and buy the whole enchilada?

Here's the rest of the Promontory Credit Suisse story

Utah Real Estate Tax Guide

02-12-08
Erik Asarian

 

Utah Property TaxesUnlike some states, real estate property taxes in Utah are not based on actual sales prices. 

This may come as a surprise to you if you own property in other states, and you are accustomed to being able to predict your property taxes each year with precision.  In Utah, the process is not quite as transparent or predictable.  

In Utah, the County Assessors determine the "assessed value" of your property each year.  It's typically not a property-specific "appraisal" but more of a blanket neighborhood-level adjustment based on overall market conditions.

You will pay taxes based on this assessed value, at a tax rate that varies from county to county, depending on local programs, bonds, etc.

Click here to learn: How to Estimate Your Utah Real Estate Taxes