I'll be at the Centralia Kiwanis Club at Noon,
Thursday, May 15: Barbara Bishop -- Why I Want to Be Your New Assessor
Wednesday, April 16, 2008
Tuesday, April 15, 2008
Barb Bishop: Tips for Making Tax Time Less Taxing
It's that time again -- April 15th, when Federal and State income taxes come due for another year.
So let's put those property taxes to work!
Boone County assessor candidate Barb Bishop would like to remind that property taxes are tax deductible and that senior citizens and disabled persons may be eligible for property tax and rent credits through the State of Missouri.
"I think it's important that government help keep people informed," Bishop said. "Part of that role is keeping people informed about government itself."
"The Missouri Property Tax Credit Claim gives credit to certain senior citizens and 100 percent disabled individuals for a portion of the real estate taxes or rent they have paid for the year," according to the Missouri Department of Revenue. "The credit is for a maximum of $750 and can only be claimed on the home they occupied during the period being claimed. The actual credit is based on the amount of real estate taxes or rent paid and total household income."
Now a tax credit is different from a tax deduction. A credit comes right off the tax owed.
A deduction comes off taxable income. Real estate and personal property taxes are deductible on Federal income tax form 1040.
"Real property taxes that are subject to state, local, or foreign property tax are deductible in the year you pay or accrue them," according to the IRS. "Personal property taxes are deductible if the tax is imposed on a yearly basis and is based on the assessed value of the property."
Not deductible: Taxes not based on the value of the property and local taxes imposed for the sake of improvement, such as for streets, sidewalks, and sewer lines.
For more information on property tax credits and deductions, please visit:
Missouri Property Tax Credit
Deductible Real Property Taxes
Contact Barb
So let's put those property taxes to work!
Boone County assessor candidate Barb Bishop would like to remind that property taxes are tax deductible and that senior citizens and disabled persons may be eligible for property tax and rent credits through the State of Missouri.
"I think it's important that government help keep people informed," Bishop said. "Part of that role is keeping people informed about government itself."
"The Missouri Property Tax Credit Claim gives credit to certain senior citizens and 100 percent disabled individuals for a portion of the real estate taxes or rent they have paid for the year," according to the Missouri Department of Revenue. "The credit is for a maximum of $750 and can only be claimed on the home they occupied during the period being claimed. The actual credit is based on the amount of real estate taxes or rent paid and total household income."
Now a tax credit is different from a tax deduction. A credit comes right off the tax owed.
A deduction comes off taxable income. Real estate and personal property taxes are deductible on Federal income tax form 1040.
"Real property taxes that are subject to state, local, or foreign property tax are deductible in the year you pay or accrue them," according to the IRS. "Personal property taxes are deductible if the tax is imposed on a yearly basis and is based on the assessed value of the property."
Not deductible: Taxes not based on the value of the property and local taxes imposed for the sake of improvement, such as for streets, sidewalks, and sewer lines.
For more information on property tax credits and deductions, please visit:
Missouri Property Tax Credit
Deductible Real Property Taxes
Contact Barb
Tuesday, March 25, 2008
PRESS RELEASE: Ashland city councilwoman Barbara Bishop files for Boone County Assessor
For the first time in years, Boone County assessor Tom Schauwecker has a challenger for the August 5th primary election.
Certified real estate appraiser and Ashland city council member Barbara Bishop has filed to run for the position as a Democrat.
"Right now, our economy is hurting. Homes are in foreclosure, and job-killing property taxes have put additional pressure on high-paying employers like 3M," said Bishop, a former member of Ashland's Planning and Zoning Commission and Parks Board. "Boone County needs an assessor who will protect schools and public safety by assessing property fairly."
Properly appraising property -- from cars to homes to livestock -- is at the heart of the assessor's job.
With thirteen years of appraisal experience, Bishop's plan for the county assessor's office includes her most important promise: to treat constituents and employees with respect and dignity.
She also wants to investigate rescinding the vehicle tax based on vehicle identification numbers or VINs, which led to a net tax increase for thousands of Boone County residents. Bishop instead
advocates letting voters or the county commission decide. "Tax increases should be voted on," Bishop said.
Other ideas include making sure the assessor's office follows the law and avoids being overturned on appeal.
"The current administration has lost several large, high-profile tax appeals that tied up school funding in escrow for years," Bishop said. "I want to carefully study those appeals, and make sure the assessor's office has learned from its mistakes. We can't afford not to do the job right the first time."
Doing the job right the first time -- through planning -- has been a hallmark of Bishop's service in Ashland, a southern Boone County town nestled amidst a population of nearly 10,000 people, many of whom work in Columbia.
In a nod to good governance reported just this week, Bishop has joined fellow city council members to partner with the Southern Boone County School District on a major road construction project "that will provide a dramatic improvement," school board president and Commerce Bank executive Joe Miller told the Boone County Journal, Ashland's local newspaper.
Bishop has also been a key supporter of building coalitions through communications, advocating for the creation of an economic development commission that included elected officials, the Chamber of Commerce, groups, schools, and most importantly, what she calls "our bright, talented citizens."
To the office of Boone County assessor, Bishop wants to bring the same attention to details --and people.
"I'm running on a platform of professionalism, fairness, and openness," Bishop said.
CONTACT: Barbara Bishop, 573-657-9521 or
bishopforboone@yahoo.com
Certified real estate appraiser and Ashland city council member Barbara Bishop has filed to run for the position as a Democrat.
"Right now, our economy is hurting. Homes are in foreclosure, and job-killing property taxes have put additional pressure on high-paying employers like 3M," said Bishop, a former member of Ashland's Planning and Zoning Commission and Parks Board. "Boone County needs an assessor who will protect schools and public safety by assessing property fairly."
Properly appraising property -- from cars to homes to livestock -- is at the heart of the assessor's job.
With thirteen years of appraisal experience, Bishop's plan for the county assessor's office includes her most important promise: to treat constituents and employees with respect and dignity.
She also wants to investigate rescinding the vehicle tax based on vehicle identification numbers or VINs, which led to a net tax increase for thousands of Boone County residents. Bishop instead
advocates letting voters or the county commission decide. "Tax increases should be voted on," Bishop said.
Other ideas include making sure the assessor's office follows the law and avoids being overturned on appeal.
"The current administration has lost several large, high-profile tax appeals that tied up school funding in escrow for years," Bishop said. "I want to carefully study those appeals, and make sure the assessor's office has learned from its mistakes. We can't afford not to do the job right the first time."
Doing the job right the first time -- through planning -- has been a hallmark of Bishop's service in Ashland, a southern Boone County town nestled amidst a population of nearly 10,000 people, many of whom work in Columbia.
In a nod to good governance reported just this week, Bishop has joined fellow city council members to partner with the Southern Boone County School District on a major road construction project "that will provide a dramatic improvement," school board president and Commerce Bank executive Joe Miller told the Boone County Journal, Ashland's local newspaper.
Bishop has also been a key supporter of building coalitions through communications, advocating for the creation of an economic development commission that included elected officials, the Chamber of Commerce, groups, schools, and most importantly, what she calls "our bright, talented citizens."
To the office of Boone County assessor, Bishop wants to bring the same attention to details --and people.
"I'm running on a platform of professionalism, fairness, and openness," Bishop said.
CONTACT: Barbara Bishop, 573-657-9521 or
bishopforboone@yahoo.com
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