Deadline Approaching for New Personal Property Tax Exemption

The February 10th, 2014 deadline for a new and potentially money-saving exemption from the Michigan Personal Property Tax is fast approaching.

Specifically, the law now provides for businesses that own, lease or possess commercial and industrial personal property with a market value of less than $80,000 to eliminate their 2014 Personal Property Tax bill. This is a significant jump from the previous threshold of $40,000, and the inclusion of commercial and industrial property may increase applicability among investors.

Eligible businesses must file the MI Treasury Form 5076 (Affidavit of Owner of Eligible Personal Property Claiming Exemption from Collection of Taxes) by February 10th of this year. Businesses that qualify for the exemption by filing the affidavit on time are not required to file a Personal Property Statement. However, they are required to maintain adequate books and records on the equipment to substantiate the claim.

Big Change For Reverse Mortgages

Get ready for some major renovations in the federal reverse mortgage program.
On Wednesday, the U.S. Senate joined the House in passing legislation giving the Federal Housing Administration authority to alter its Home Equity Conversion Mortgage program, or (HECM), protect borrowers and help the agency avoid a federal bailout. The agency is expected to reveal later this month exactly how it’ll alter the rules, which could take effect as early as Oct. 1.
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Say goodbye to those low mortgage rates

This week, the average rate on a 30-year fixed-rate mortgage jumped another 10 percentage points to 3.91% and are up from 3.3% in early May, according to mortgage giant Freddie Mac. Meanwhile, those seeking a 15-year loan received an average rate of 3.03%, up from 2.56% -- a record low.

Interest rates on the rise

At 9AM on Saturday, June 1, there will be a birding activity for children and another (at the same time) for adults. These activities are part of the Leelanau Peninsula Birding Festival and are open to all.

Bird & Bug Safari For Kids at Suttons Bay Wetlands Walk: Leaders Ann McInnis, Jan Ostrowski. Meet at Suttons Bay Visitor’s Center at 9AM.

Beginning Birding at Suttons Bay Wetland Walk: Leader Kay Charter.  Meet at Suttons Bay Visitor’s Center at 9AM.

Binoculars will be provided for all ages.

Open House - May 25th, 2013 - 11am - 1pm
408 N Saint Marys St - Suttons Bay, MI
3 bed / 1 bath / 1088 SF
http://www.cygnusrealestate.idxco.com/idx/14106/details.php?idxID=248&listingID=1745283

Horse Complex For Sale

Rare opportunity for the horse-lover to acquire a stunning private compound. Approx. 17.5 acres (additional land can be bought) with 9 stall barn that has tack room, wash station with hot & cold H2O, 1/2 bath with laundry plus timber frame for hay. The original barn was built around 1879-current owners rehabbed it. The property has 5 paddocks with no climb fencing and a 60x132 indoor arena with lighting & kick-boards- plus out buildings. There are 2 wells plus a pond. The home is a half berm style ranch for energy efficiency and features 3 beds/2 baths, soaring 18' vaulted ceilings clad in rough sawn cedar in the living room, a unique kitchen with pine cabinetry, a kitchen island and tumbled stone counter tops. There is a wine cellar off the combined dining room/family room. Extra wide hallways. The flooring throughout the home is hardwood, stone, brick and some ceramic tile too. There is a 30x32' over-sized 2 car garage with 8' doors. One half acre of the property is devoted to gardening with mature raspberry bushes and strawberries. The plot is irrigated and has proven to be a successful summer business for the current owner. This property will go a long way towards paying for itself with an entrepreneurial owner. Board horses / lease stall space and/or paddocks. Offer riding lessons or lease the arena for same- the savvy buyer knows Black Star Farms is currently full so there is a need within the community for a facility with these options. Farm and develop the berry business and/or try your hand at other types of food crops. Opportunity rarely knocks twice- don't miss this one. Directions: M22 to Suttons Bay-west on Broadway - (across form Boone's Primetime) to Elm St- left on Elm past the school- right on Herman Rd- follow the road to the property on the left hand side.

Affordable 3 Bed Home In Suttons Bay Village

Charming 3 bed Victorian style home in the Village of Suttons Bay. Hardwood floors throughout this gem. The open concept kitchen has been updated recently. Other great amenities include a sun-room, main floor laundry room, basement for storage and one car garage. Makes a great starter home or rental.

Basic Features:

Acres: 0.12ty Name: Suttons Bay
County Name: Leelanau
Neighborhood: Suttons Bay Village
Schools: Suttons Bay Public
State: Michigan
Zip:49682

Type: ResidentialZip: 49682
Bathrooms: 1
Bedrooms: 3
Square Ft.: 1088