New Braunfels Herald Zeitung, January 4, 1987, Page 6

New Braunfels Herald Zeitung

January 04, 1987

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Issue date: Sunday, January 4, 1987

Pages available: 55

Previous edition: Friday, January 2, 1987

Next edition: Tuesday, January 6, 1987

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Publication name: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

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All text in the New Braunfels Herald Zeitung January 4, 1987, Page 6.

New Braunfels Herald-Zeitung (Newspaper) - January 4, 1987, New Braunfels, Texas Commerce Industry New Texas January industry likely will see gains in 1987 WASHINGTON AP in which has had four con secutive years of increasing should enjoy further moderate gains in the Commerce Department is forecasting in its annual preview of American business The department said manufactur ing industries should be helped by declines in the countrys huge trade while the countrys burgeon ing service sector will continue to lead the way in employment The forecasts are contained in the departments Oftpage In dustrial which teeks to forecast industry winners and losers for the coming The big winner on the manufactur ing side will once again be the coun semiconductor with a growth in shipments of Many other hightech industries should do the outlook because of increased overseas sales coming from the fall in the value of the which will make products more com In the service the outlook picked mutual funds to be the biggest success with a projected growth in assets of Among the the report would be turbine generator manufac who are expected to see shipments plunge by percent as demand for electricgenerating equipment continues to Mart Cart Scott and Frank Woodward of HEB store in New Braunfels demonstrate the newest in services offered national grocery chain a cart for handicapped shop All larger HEB stores have or soon will have the which cost some and operate on If you have a mobility problem and want to use the just ask at the office for the DEMVL PheUjniHni Business Briefs Downtown Association meets 2007 m New The Downtown Association will meet at 7 Tuesday at Krauses Routine business guest speaker Watts Wacker discuss ing how to identify drug problems amopng the work Survey firm dissolves The engineering and survey business partnership of SchultzCude a New Braunfels com is dissolved effective The firm will continue to conduct business under the same name at TCUL vote taken Texas Credit Union League at its December meeting in Dallas voted unanimously to support home equity legislation in the 1987 Texas The vote urges legislators to pass laws wilV allow and encourage Texans to pledge their home equities as capital in other The TCUL will pre sent a compilationof research and recommendations at its statewide meeting in Austin TCUL represents credit unions representing some million in vestors and West Point purchase complete WestPoint Pepperell has com pleted purchase of Stratton In dustries of The agreement for acquisition of outstan ding Straton stock was completed in eajrly Purchase price was disclosed Stratton will be a whollyowned subsidiary of West Point Pepperell and will operate as a part of the carpet and rug division of the mill industry Stratton has operated for 20 employs some 750 people and was founded by Burton who will stay on as chief executive officer of the Stratton Schlueter on TAR agenda Phil Gramm and Texas Representative Stan Schlueter will address some Texas real estate professionals in Austin the 33rd Annual Meeting of Texas Association of Realtors at the Hyatt Regency and Sheraton Crest The legislators are expected to discuss tax reform and how Realtors and real estate professionals can make the best of TAR has more than members and is con sidered the professional affiliation for Realtors and relatred personnel in the Appraisal Notes How real property values are determined There are three basic methods of determing the value of real property the cost the market approach and the income The cost approach is arrived at by determing the ac tual cost to reproduce the less any applicable The market approach uses the sale of comparable properties as an in dicator of and the income approach simply based on the net income the property will Appraisal districts depend primarily on a com bination of the cost and market approaches to for two These are the two ap proaches normally used for residential and appraisal districts seldom have access to the information necessary to calculate a value based on the income for those properties which would normally be appraised using this The income approach can be if adequate information from the proper ty owner is The appraisal district staff begins by compiling a building cost showing the actual cost of different types of construction in this The schedule is prepared using information obtained from local and from state and private ap praisal The schedule lists different types of ranging from very simple frame to ex pensive custom classing them according to the quality and type of This part of the process is called the cost Once this cost schedule has been a field appraiser then visits the property The house or improvement is with decks and garages and the appraiser ex amines the home for quality of construction and materialCertain items of information are such as roof exterior and interior wall type of heating air number of A dollar amount per square foot is then determined for the living area of the based upon the cost schedule for that quali ty and type of decks and garages are calculated at a lower cost per square Defects and depreciation are a percen tage deducted for any item which would tend to decrease the value of the and a total im provement value is The lot or land upon which the improvement sets is appraised based upon sales of similar or com parable and land and improvement values are combined for a total property This total value is then tested against sales of similar and comparable properties to determine if the total figure actually reflects current fair market If sales indicate that the value should be lower or higher for some the total value is adjusted upward or For even a custom home may not com mand a good price if it is next to an industrial plant or in the flight path of the local By the same a simple frame home may com mand a higher price if it has a beautiful lake view or is in a very desirable State law says that all property must be apprais ed at current fair market and that is the bottom line for an appraisal Theoretical the value that the appraisal district places on your property should be a good indicator of what the property should acually sell In this may not always be the If you or your mortagage company were to hire a fee appraiser to determine the value of you that appraiser would spend a minimum of six to eight hours on tne and charge ac An appraisal district can not afford to spend that amount of time on one The Comal Appraisal District covers more than 650 square extending into Kendall and Hays With five appraisers they like all other appraisal work under a mass appraisal this makes equalization and dertermination of values and does leave room for State law dictates that a reappraisal notice be sent to any property owner whose value has in creased more than The CAD has since its to send a notice to any property owner whose value has increased any and notices were sent to ALL property owners in 1982 and again in This has been done for two reasons first of to catch any errors in owner exemptions or valuation which might have and then to allow any person who wished to question his or her appraised value the opportunity to do The goal of any appraisal district is to establish fair and equal values for all property within the to allow applicable exemptions or special valuations to any person or property which and to present the most accurate roll NOTES is a public service of Comal Apppraisai Questions regarding property tax appraisals and the function and operation of the district can be sent to AP PRAISAL the Drawer New Texas 78131 me TITLE USA COMPANY OF COMAL COUNTY New Location New Phone Title USA Company of Coma County is all off tees to iraunf V 4M A 9 A IMMIGRATION CITIZENSHIP LAW Law Of flees of Crumley am Wiley Blakeway AMNf STY ASSISTANCE FOR AUCNS LEGALIZATION Of AWN AGRICULTURAL WORKERS 830J Suite m Saja Texas 78209 112 8286936 Financial Focus Municipal bond market still viable alternative with changing tax laws Provided by EDWARD JONES Financial planners and managers In a recent interview reported in The Market a profes sional investment tfjwiilil president of Nuveen and said the new tax legislation makes investing in municipal bonds more desirable but much more complex than in the Under the new there are four major categories of taxfree municipal bonds based on their degree of importance to the The less essential they the more unfavorable tax treatment they Franke further broke the four categories into at least nine separate categories of each with potentially different tax consequences for in The point of Frankes remarks is that individual bond buy ing will become more It will take municipal bond bond counsel and experienced port folio buyers to assess whether bonds are subject to an alternative minimum tax AMT or if they might even be taxed Where does all this leave the average investor whos looking for taxfree income Will they be able to determine if a bond is tax practically taxexempt or not taxexempt With lower tax brackets are taxfree investments still attractive The problem may not be as complicated as it To lower tax brackets reduce but do not eliminate the ad vantage of taxfree j with other taxadvantaged I investments being eliminated or I diluted in taxfree bonds J may offer your only 1 before resigning yourself to a life of taxes with no look at your op If you decide you want to in vest in individual taxfree ask for a prospectus or The purpose of a bond as well as an outside legal opinion must be given in the bond You should be aware of and before either examine the pro spectus or question the bond broker from whom you plan to to purchase the If youre comfortable with and trust your broker and his or her you can be assured that if a mistake is made in representing the tax status of your the broker and his or her firm will cor rect The other option open to investors seeking taxfree income is to consider Municipal Unit These investments offer individuals access to an increasingly institu tional Here bond research analysts and a staff of professional investment experts assemble a portfolio of The trust collects the monitors the submits them for pay ment at maturity or and mails you regular checks of taxfree in Because a number of dif ferent bond issues are bought for the you receive additional safety through In stead of owning only one you own an interest in several different Some bond trusts even insure their bonds so if they experience financial the insurance company immediately begins to pay interest and principal when Many investors appreciate this add ed A final way investors can enjoy taxfree interest is through mutual funds that invest only in taxfree municipal Like any invest understand what youre buy ing before you Purchasing shares in a taxfree fund just because it offers a bit more income than another fund could be a costly mistake since the quality of the bonds in the fund might be of ques tionable Its vital to unders tand not only how much income youll receive but also the quality and safety of the underlying invest Its wise to consult a profes sional you trust and respect to assist you in your Ask questions until you are satisfied with the The Tax Reform Act of 1986 re quires you to sharpen your invest ment pencil to look for the best return on your investment Taxfree municipal bonds are still one of the best ways to accomplish Whether you buy your own invest in a unit trust or buy shares in a taxfree mutual be certain you understand the invest ment so you dont lose your tax benefits worse lose your in TAX PREPARATION Certified Public Accountant New Braunfels National Bank Building 1000 North Suite 202 6291922 Computerized Financial Audit and Management Advisory Services THERES NO SUBSTITUTE FOR EXPERIENCE Especially when it comes to your tax Block has been providing a quality tax service for 30 Thats experience you can depend BLOCK THE INCOME TAX PEOPLE 3harg of YCWT Discover BLOCKS Tlbe PiraanaJi 16596511 ;

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