New Braunfels Herald Zeitung, April 19, 1987, Page 10

New Braunfels Herald Zeitung

April 19, 1987

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Issue date: Sunday, April 19, 1987

Pages available: 84

Previous edition: Friday, April 17, 1987

Next edition: Tuesday, April 21, 1987

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Publication name: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

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New Braunfels Herald Zeitung (Newspaper) - April 19, 1987, New Braunfels, Texas Insight Sunday April 19. 1987 Herald-Zerfung New Braunfels Texas Page 5AAppraisal Notes What is persona I property? Question: What is personal property'* Answer: Personal Property. as it applies to ad valorem tax ation described in Section I 04 of the Texas Property Tax Code is all property that is not real property Generally, it is movable rather than fixed in location There are two kinds of per sonal property, tangible and in tangible Tangible personal property is property which can be seen weighted measured. felt touched. moved or rn any way perceived by the senses To determine what is per sonal property several obscr valions should tie taken into consideration The manner in which the property is attached or secured in a location the purpose (or which the property is used and whether it is to re main permanently afficed A general rule is that an item is personal property if it can tie removed without serious damage to the real estate or the item itself Examples of private business personal property are items such as furniture fix turfs inventory equipment vehicles and ain raft and any other tangible items used tor the production of income Examples of an individual’s personal property are private aircraft, boats and trailers, trailers, motor homes travel trailers and recreational vehicles The state has jurisdiction to tax tangible personal property if the property is Unrated in this state for longer than a temporary period, temporarily located outside this state, or used continually, whether regularly or irregularly rn this state Intangible personal proper tv is that personal property which lacks mass and cannot be seen felt weighed measured or otherwise perceived by the senses Its ex istence may tx* ev idenced by a document, and it can be thought of as paper ev idem e of wealth Examples include cash stinks bonds mor (gages notes or accounts receivable, franchises licenses or permits demand or time deposits certificates of deposit insurance policies and goodw ill \ key (Hunt to remember is that all property is subject to taxation unless specifically ex erupted by federal law or Hie lexas Constitution The Chief Xpprasier is required to list all taxable property as of Jan I each year If he discovers that property has been omitted from the roll. Section 25 21 of the Texas Property Tax ( ode mandates that the property be supplemented to the roll and tax sateinents sent to the property owner Personal property may tx* supplemented for the current year plus two preceding years Should an individual qualify as an owner of personal pro petty " he she is responsible for making sure the property is listed correctly on the tax roll and should take special care that the records reflect the cor recd name and mailing ad dress tins information is to tx* supplied to the Appraisal District office lf tile tax collector cannot deliver a tax Dill because* of an incorrect name or address the personal pro jK*rt> owner according to state law is still responsible tor ail taxes pius any penalty and in terest for late payments lexas law mandates that property is taxable as of Jan I items of personal property disposed of atter tile* Jan I assessment dab- are taxable for the entire year I tie next question is I >o you own personal propert v Chamber View Hats off for a class act Emotions Continued from Page JA \ psychiatrist m a distant city told me of a patient who he had treated for many years sh«* *ds reclusive and socially isolated until an ass** late of her husband s died sud demy ami they attended the funeral There Wa** no one else ttxre except the* dead man s wite and the priest aho stumbled tor something g**>d to sav at<out this p*«*>r man The man had lived his life in a v ac uum He hail made no impact i* rom that day this patient U*gan to turn tier life- around she began lo contribute to the welfare of others and to contemplate 11od stir t>egan to live XXe must live for ut liers to die w iii) grai e Seek a life cd the refined VXt* find *ioil in things that endure XXe i annot listen to \aron t upland s E anfare for tix- t ominon Man and not con template God s power in our lives or iiear Xppalac un spring and not t** impressed with (joe! s persistant presence in nature study Norman Rockwell* pain tings ds my friend arui I did and you ll come face to face with God there In New York ( entral Diner a young tn»y intently studies the bill tils money tlute bed in ins hand a' a t** ne colent black waiter (teams down at him with a smile of grace and understanding Un t that what God docs fur us study breaking Home l ies and you ii see the exutft alit r of youth tile nostalgia of age and the sw«*et sadness of parting only a man inspired t*y l ost could put sue ti emu turn in a painting Listen to the voice vc it fun God is watching over us He is also within ii** What awesome power all of u*- =>F= have within «><*1 s music is in us all Listen and iet it (tour out I was drug glmg t»t write this column I just couldn t get my thitught" correct Kinallv after a king pathetic drug gle I went trudl ated Iii l**d I tic next morning tix* words flowed free Iv (live ti.*’ gdt I love My friend gave the greated gift possible love I he git? was loving f*ec aune it was given sjH»ntafi«*ously without the expectation of return anil It wa" ut enduring value lf gave to me a more profound meaning to Easier It was an act of («ext By TOM PURDUM Now the ‘ worst-kept secret in Central Texas ' is con-fimed and we all know that the Wal-Mart Distribution Center will be located in New Braunfels New Braunfels and Comal County will receive many benefits from this project Also, there are many heroes who were important to the success of the effort They are too numerous to name them all. but some should receive public recognition. which will be done at the end of this column New Braunfels and the area will feel an immediate economic impact from this multi million dollar construe turn project The announcement has already created a favorable psychological impact which is resulting in a more positive attitude about our future For example the chamber has already had indications of interest in other commercial ventures based on the Wal-Mart announcement News stories on TX and on the front pages of local and metropolitan newspapers are boosting the image of New Braunfels and the area as an ideal location for comme! elal and industrial investment lins image enhancement increases oui opportunities (or economic growth Ixjokmg a few years down the road this area will benefit directly from ('50 job opportunities and an addr burial you I mn* jobs created because of the millions iii dollars added to our economy by this project City. county school, state anti federal government will tx*nefit from th)" new project through additional tax revenue The Rh al governments will benefit immediately since the property tax status of the selected site will tx* chang ed from an agricultural exemption to the standard com inertial property category lins means there will be rollback taxes paid by XX al Mart an«l therefore an im mediate tax tx*netit to those entities The tax abatement program tor XX al Mart d»x*s not ex tend ti) personal property equipment and inventory Therefore full taxation will tx* received from a large in ventory (axised iii a 9H4non square foot warehouse as well as the equipment anti furnishings therein In terms of utilities the gamble of long range plans has tx*en removed allowing New Braunfels I billies toextend their services to an area that can now Ik* fully developed with commercial and industrial projects This will help extistmg industries in tile I- M to*. IU iS area anti eliminate the need tor installation of facilities in intermediate plans Because oi tins economic development project oui utilities will (K* abit* to net assistant * ti.tin the stale in an amount up to $300,000 for these utility extensions for which we would not otherw lse qualify The bottom line is. rate payers save money in fulfilling long range needs and enjoy an increased opportunity for economic growth The money to be raised for reducing the cost of the land is $325,000 There is agreement among community anti financial leaders that business and professional people in our community recognize the benefits of this multi million dollar project and will voluntarily contribute these funds. A fund drive is being launched this week One of the most important achievements related to at tracbng the distribution center was the unified effort of the community The city county school districts New Braunfels Utilities. Kntex Southwestern Bell Telephone Company Industrial Foundation Industrial Develop ment Authority and the chamber worked as a well organized team in accomplishing this coup Also cooperating and providing support when needed were the Texas Department of Highways and Pub!it Transportation Texas Economic Development Commis sion. Texas Department of ( (immunity Affairs and tin governor s office Space is not adequate to mention all the individuals in volved nor give an explanation of the roles that they played However. I do want to mention a lew individuals who were key players in this sut essful effort Bill Brown (’LSI) lorn Burrus. John (bunn F r<*d (lark John* Classen Arthur Daring Hob Eversberg Fred f rueholz Margaret Frueholz Bobby Massed Craig Hoilmig Robert Jones Elliot Knox Edmund Kuempei. David Damon Gene Momhinweg J(x* Michie Jean Pfeuffei Ken Rice. Herb beholder Merritt Schumann Ed Snail tarelli I xinme Seay I )an Sedgw lek. Jtx* Seii>old and Bob sohn I wouid be remiss if I did not also call attention to all eight of our financial insitutions who demonstrated cooperation and harmony that was absolutely necessary in fulfilling our financial commitments on this project Their team work was recognized by XX al Mart and ad i ed measurably to our community s attractiveness to XX al Mart in the decision making process And finally the cooperation received from the New Braunfels Herald and KGNH KNR I Radio station must tx* acknowledged They wert* well aware of the worst kept secret but recognized the importance to remain quiet for fear a premature news story would nullitv negotiations our hats are ult to the media and to tilt* entire coni munity for a class act’’ example of teamwork in ai economic development et bn t AL-MART • J V PHARMACY! 4 •WI HERES PROOF \k ■ ms net ANO »M|.t IGOV V1 Hiiiim Valley Bill* Church Scat* Tier natl* BARABE IAH M, a# oc tx n fcon«* Cf ••art' f or Req 1 84 ta SudatrU 3 ditty labial* Req 2 52 CRI AM Mtf DU IM OH Its. SI I CHI AM LOW PRICE even* DAy 7.74 HIO I tea treatment Ait to*,. s°V ie"- LOW PRICE EVERY DAY 3a 12 Bau*ch & tomb Sensu *e E Salina Solution DRUG NAMI BRAND GENERIC St RfcNGTH QUAN T11 X PRICE Tolectm DS Capsules I M He fee * ■ * J ■ atm*! 41 it i mo i 44.47 j Tagamet Tablets 300 mg 1 OO 30.36 Naprosyn Tablets ■ , *««»• H A 1 Hr, .r 37b mg IOO f»1 I CD % 00 Motrin Tablets I » ' h » • J ibwpr Be HOU in ; IOO 24.56 Brethme Tablets » ^ | u 18.96 Diabmese Tablets I Pfizer B(*od ( iuotp'upan 0m 250 n> ' I OO 28.43 Slow K Tablets ll KW B'l'iOlrtiii.u* C ti tax. Or OOO mg I (J- > 8.66 Corqard Tablets N . I 4U nit; 11 0 37.41 Dtuy Pn *s Uu.nl I.av V , rn Or Sn*. •»’ Ou.nl I ■ t-> . . I i I , y v I'ht family ‘J Refugio Torres uoulii Ilk* to eiprtss th* ir thanks to * th* Xurses ti* Stuff IM th* Hard at (Ink (rest ('am al* sr* ut Center, Dr 1 ('ariot Campos and all our FarmIy and Tnt rids for your kind expressions of s yin pat h y Mr d* Mrs Juan A. Moreno Mycitracm Ointment U«Ut KM*! Centrum * a la. 30 1.97 teas- Centrum Multivitamin • LOW PRICE EVERY DAV 7.38 sat’* si A,. I d I ;i» a    a as Ibuproten Pain Relief I abret 200nuj Req 2 32 Get it off your chest in FORUM, daily on the Opinions Page in the Horald-Zeitung Benadryl 2Smg Capsule* Reg. 2 72 f SP WK - IP Benadryl CITRUCEl fe. 4 * Citrul ar Powder • LOW PRICE EVERY DAY 5.97 Casco Heating Pad 8.98 Roq. 10.68 Sole Dot#: April It • April Ii Ar Al WAH t s AOVtKHStO MtftCMANOl&l PCH. IC * —.* Store Hours: Mon. • Sot. t i location: Walnut A 1-35 * . i .i -. . • ,< t , I. t* . ,i ». i-..t i .r iii. ;

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