News: Finance

Village Bank will award $40,000 in scholarships

According to Kenneth Brennan, president and CEO of The Village Bank, the bank's Auburndale Community Charitable Foundation, Inc. will award a total of $40,000 in college scholarships to Newton and Wayland residents who are graduating from high school this year. Again this year, in addition to its traditional 10 one-time $2,000 scholarship grants, the foundation will award two scholarships totaling $10,000 each, which will be allocated upon successful completion of the first semester of each of the student's four academic years. Each of the scholarship awards can be applied toward tuition, room and board or supplies at a college of the student's choice. Applications are available at Village Bank locations in Auburndale, Newtonville, Nonantum, Newton Highlands, Waban and Wayland, and online at www.village-bank.com. Completed applications must be received by the bank no later than April 15th.
Tags: Finance
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Columns and Thought Leadership
Are appraisers on the same page as the assessor? - by Richard Seman

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.
Massachusetts real estate transfers  over $1 million face new tax rules as of November 1st - by Daniel Meyer

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
Reverse exchanges and the challenges of a competitive real estate market - by Michele Fitzpatrick

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
The focus on price per s/f compared to the  comparable sales used in the appraisal report - by Dennis Chanski

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.