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News:
Finance
Posted: February 9, 2011
Stanley Paton 2011
Name: Stanley Paton, SRA
Title: President, Maine Chapter of the Appraisal Institute
Company: The Paton Agency
Location: 2352 Washington Rd., P.O. Box 344, Waldeboro, Me. 04572
Birthplace and year: Clinton, Mass., 1944
Family: Wife, Judy; children: Ronald, Timothy, Sarah Brann
College: University of Maine, BS, Agriculture Business & Economics
First job outside of appraisal: USDA, Farmers Home Administrator
First job in appraisal or allied field: For USDA Farmers Home rural housing program
What do you do now and what are you planning for the future? As president of Maine Chapter I will work with members to get them designated and address political issues.
Hobbies: Antiquing and golfing
Favorite book: The Da Vinci Code" and "The Lost Symbol" by Don Brown
Key to success: Hard work
If you had to choose another vocation what would it be? Teaching
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Quick Hits
Columns and Thought Leadership
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick
Our current, highly competitive real estate market poses specific challenges for investors who are considering taking advantage of a tax-deferred 1031 exchange. In this market, investors will have no problem selling their current property if priced properly, but they may find it difficult to find a suitable replacement property
Are appraisers on the same page as the assessor? - by Richard Seman
The purpose of this article is to address problematic or confusing issues which may help assessors and appraisers to better understand how to value real estate for tax assessment purposes.
The focus on price per s/f compared to the comparable sales used in the appraisal report - by Dennis Chanski
Over the past several weeks, I have completed appraisal assignments for private clients. Interestingly, after submitting these appraisals, I received several phone calls – not to question the value, content, or any incorrect information, but rather to discuss the price per s/f compared to the comparable sales used in the report.
Massachusetts real estate transfers over $1 million face new tax rules as of November 1st - by Daniel Meyer
Attention to owners of real estate in the Commonwealth (and the title companies and other professionals who advise them), the Massachusetts Department of Revenue (the “DOR”) recently adopted a new “millionaire’s tax” via 830 CMR 62B.2.4
