Showing posts with label crisis. Show all posts
Showing posts with label crisis. Show all posts

Friday, March 20, 2020

How to support local businesses

Without mincing words, times are scary. People are afraid, and beyond that there is a significant amount of uncertainty about what is to come. In times like these, it’s important to pull together as a community and support each other in any way possible. This includes the small businesses in your community, since they are an essential part of what keeps your community going; without your support during the darker times, some of them may not survive to see the sun come out again.

How are you supposed to do that in a limited-contact or social isolation scenario, though? Fortunately, there are still several options available that will help you to help those local businesses that keep your community running.

Buy Gift Certificates

One great way to support local businesses is to buy gift cards and gift certificates even if you don’t need them right now. This allows you to make a simple purchase that minimizes potential contact while giving the business that issued the certificate some much-needed income. Once things improve, you can then return to the business and take your time using the gift cards you purchased. As an added bonus, they’re also easy to give to others if you know someone who’s in need.

Buy Branded Merchandise

Another good option is to buy branded merchandise such as t-shirts or coffee mugs that advertise the business. On top of the usual benefits of making a purchase, these items help to advertise the business as well. As an added bonus, buying branded merchandise helps you to show the business owner that you’re there to support the business specifically.

Order Online or On the Phone

Can’t get out? Check and see which businesses in your area offer online ordering and make use of that feature. If you can’t order online, give them a call and inquire about placing an order. You can even make arrangements for delivery or pickup while you’re on the phone.

Tip for Deliveries and Carry-Outs

A lot of people are relying on delivery and carry-out orders these days, especially from local restaurants. Unfortunately, a lot of people tip very little if at all for these services. Remember that a lot of employees are facing reduced hours in this stressful time, and every dollar helps. Be sure to tip even if you normally wouldn’t, and be generous when you do.

Spread the Word

There are many types of support. Financial support is definitely important for local businesses trying to stay open, but not everyone can help out financially. If you can’t afford to shop right now, try to get the word out on social media and other platforms. Share posts, talk about the businesses that you’d like to support and even post pictures of yourself wearing some branded merch. Every little bit helps, and someone might see your post and decide that they need to support local shops as well.

Donate Your Refunds

A major problem that small venues face is the refunding of canceled events. They’ve already spent money on advertising and racked up other costs, and now they’re losing their portion of ticket sales. If you have tickets for an event that was canceled and unlikely to be rescheduled, call the box office and inquire about donating your refund instead. While not all venues will do this, donating your ticket price lets those that do recoup some of what they spent and may even help them to stay open in the face of additional cancellations.

Be Considerate

Local businesses are a part of your community, and as such they want to see the community thrive. Situations like this are very stressful for business owners and employees alike, and the last thing that they want to see is people fighting over merchandise or those in need having to do without because someone else hoarded all the toilet paper. When shopping at local businesses, be courteous to other shoppers, maintain a safe distance so no one is crowded, and avoid the temptation to grab everything when you just need one or two items.

Shop Local

If you need to find local businesses and professionals to support, check out HomeKeepr. Not only can you open an account for free, but it will help you to find locals who need your support as well.

Saturday, October 20, 2007

Tax Crisis Averted...for Now

Okay, we dodged a bullet, for now. Governor Mitch Daniels has frozen Marion County taxes back to 2006 levels until approximately mid-2008. During this period a new re-assessment has been ordered, including businesses, which were admitted by the assessors as not be properly assessed. If businesses ARE properly reassessed, it would stand to reason that residential property taxes will go down, however most experts believe that they will only drop by about 25%, still leaving some big increases in property taxes.

If you are selling your house now, there are a lot of questions educated buyers have, which are keeping them on the sidelines until some finality is announced and for good reason. Many buyers, however are still in the market to buy new homes in Marion County and are taking a big risk at having to pay significantly higher taxes.

The real estate market in Indy is still far from 2005 booming standards with 22.6 months worth of inventory on the market and sluggish showing activity, however Indy has been selected by several industry experts as being the 2nd fastest major metro market to recover from this correction, second only to Austin, TX. This is excellent news!!

With a tightening in the lending industry to keep buyers out of the market who shouldn't be buying a house at this time. If you have good credit and at least 3-5% down payment, the tightening of the lending industry will not affect you at all.

Experts predict that our market will notice a positive change in the real estate market sometime next year and that is good news for everyone!

For more real estate resources, visit our website at: www.Welcome2Indy.com

Thursday, July 05, 2007

Property Tax Crisis

If you live in Marion County, you are well aware by now of the property tax crisis so many of us are in right now. Because we are in this "perfect storm" property owners are biting the bullet and some are seeing their taxes increase over 100%! Why is this happening and what can you do?

There are many reasons why our taxes are rising. First, this is a "trending" year, which means every two years property owners' home values will be increased due to trending or appreciation. Second, our property taxes are now based on market valuation instead of component valuation, which means taxes SHOULD be more uniform and less subject to interpretation, which is good, in theory. Third, due to rising city costs, increased revenue is needed and property taxes were considered by our legislature as the best place to find it. Fourth, inventory taxes have slowly been phased out since 2003 and that revenue needs to be replaced somehow. The inventory tax was considered to be unfair to many people and businesses paid approximately 60% of the tax burden. This leads to the fifth reason taxes have gone up and that is due to the fact that the legislature decided to balance that more by increasing property taxes.

There are more reasons why taxes have gone up, but time and space prevent me from discussing further. However, what to do now? Have your taxes gone up significantly? First, what was the gross assessed value the assessor states on your reassessment card? Does it seem reasonable? If it does, you are stuck paying those taxes. Do you have all of your exemptions filed? The two most common are homestead (you can have one of these only on only one property in the state) and mortgage (if you have more than 11 payments remaining on your mortgage or if you have a home equity line of credit you have have one of these). If you don't have these or others filed--file them!!

If you feel the assessor has your home valued too high then get a couple of broker price opinions (BPOs) to support your belief complete with comparables and a letter explaining the reason for the valuation. This valuation should be based on 2005 values as that is the last year for which the assessor has sold data on which to base your assessment. You have 45 days to go to your local assessor's office and file a protest letter. Attach your BPOs as evidence and, in many cases the assessor will change your assessed valuation right on the spot, if he/she agrees with your reasoning. If he/she doesn't agree, you can appeal to the next level and you will need to get that information from the assessor.

Should you have any further questions, visit our website at www.Welcome2Indy.com or call us at 317-558-6817. Good luck!!!!