New Braunfels Herald Zeitung, June 14, 1987, Page 8

New Braunfels Herald Zeitung

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Publication name: New Braunfels Herald Zeitung

Location: New Braunfels, Texas

Pages available: 319,437

Years available: 1952 - 2013

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New Braunfels Herald Zeitung (Newspaper) - June 14, 1987, New Braunfels, Texas Page 8A Heralcl-Zoifimg New I- , v • lexas t.nday June 14 198/ BECKER MOTOR CO Appraisal Notes Tax year has important dates Becker employees are inst row Handy Reinar/. 16 years FT I ar;! ( M re-lirrd 3 years Ar Ion Hi Ider infirm; y.-.mr t, Landry, oicjht month Diane . poi two months Janet Roiv.ler »<•■;»•* y* ar I i trap *■ 26 years Nom \A/ost one yoar (.us KaderH retired 16 years Joe Villarreal retired 19* years. Roland Jents< h, retired I years and Milton Wegner h y tr Secor.J row Normal. Hummel, 3V years Mike Padil i two years George Homero two years lony Aleios two years Walter Oehler J' v year lorn Va*,rn four years Newton Browi live yr ars I nullo Rodriqinv 2? years Ic.,, r*„ ckr-r. ! >.a yeti Reno Hui pol. Pl years; Alton Schwarz. 14 v»*ars Ho e Perez. I4 years Jose Nieto, two n Him I row, Dick Hazel, two years Prank [ i    pm    '    a. 20 years ferry Rra|rH. four years .aik),a    IO years. Bot) Vo.s. ttiree !c h i ‘ until. one year; Kermit lonas. 39 I yereit    Irappe tfiree years Gilbert ( on    ale . na    months: Chris Steel 4 years Jim Warm bt one year; and Robert Iousaint, nine month1 Not pie tured are Chris Becker, two s- ar* I.any Hebert, rune years Lucio o'* tw years Nolan turner retired 38 4* ’    •    •    I    Charles f ic her retired. I/years ! ewe years years Becker receives service award Congratulations are extend**,t to tin* employers of Rocket Molot Companv tot achieve,i* n •* 1 na* sr a Quality Sci v ice Au ant lo Oh* fifth tun* 'lins prestigious aw ant is giv co to I rouge < ’Iii y-der amt Plymouth dealers who trave attained gh Cand ii s oi service which ar e md easily attained To quality tot tin* awald, lier kei \|. i Compar \ ira 1 to first adnex e Un* status as a sc* vie** pi ole dona I V m i vice professional dealer must con i tenth receive good ratings from customers iii inturn a ii* it am! clean sci vice facility, and employees mu < he iii i and com icons Rocket management reports that lo ker Motoi < mn pany has the highest customet satisfaction rating ut any Chrysler dealer lithe area Iheemnpa v nom mam!.un and utilize (tie proper tools and qui, nerd to se vie* Chrysler Motors vehicle Lain thou et huuians md keep them inlormed i*. the 'att si n-pun pi * jus Reeker Motor Company also tiad to ii do ain that til** rod i if* m.iiiageineiil personnel attended p " a ‘ management naming seminars ie set va e r 'hi y sh (pit a i tv lh* I .est.a Quality Sci vice Award is then presented h* ttie in foul landing sci vie c professionals who arc I tx* cream of    tin    lop    ' Lee lacocca's slogan for Chrysid < • p* i ■    ut    to I.** til** Rest" and tins achiever*:* id pro ■ that the employees of Reeker Motor Company aieltie ti* si I,: no I.* >i av Reeker management th < her Moro ( ompany lias served ttus ai ca nice 1928 • tm! .if. f it t ti «»!(!• t I Midge dealer in the state td Texas I ti* people a Rn kit Motor ('ompany would also like (ti I..kt itic opportunity to say thank you to von, ira* rush.i is it,i ,11 tit mi ppm t you have givin u > these >8 veal iii hoc nu -i of you that we were ahi* to ach c tins great:    ut    >    sud management “We w.;! cmd in, our ti it t    Ct    I,,    tilt    he d •) we can pi ti vide \« •• > w Uh Us (M*St Tax writers propose liberalizing reform act's mortgage provision WASHINGTON < AI ’ i    Senior tax writers in Congress are proposing to change a provision iii tin* I ‘Ort, tax overhaul tit octet to avoid rest! ictmg ttie deductibility ol some home moi I gages Ihe proposal was included in a too page lull introduced Wednesday bv leaders ol the House and Senate lax writing committees Most of tin* bill is devoted to correcting mistakes that crept into tlx* lug new tax law although there at e several provision' that would make substantive changes if approv ed by Congress One proposal would assure that homeowners who refinance thou home mortgages in ordet lo obtain a lower interest rate will still tx* aide to deduct all of tin* new interest regardless of how they use the pro reeds from the new loan Hit* pi opus et! rule would apply so long as tin* new mortgage is no bigger than th* one in existence last August Some authorities have speculated that the 1986 law could jeopardize deductibility of some of the intel est on mortgages (fiat are refinanced just to get a heller interest rah* The new hill would eliminate several tax changes that inadve »« ,f ly ended up in the Linn law One of those changes would .iv* given special tax treatment to con tnhutions made to athletic piogt ains ut Louisiana State Lim rosily md Ihe I niversity of Tex us Ariot dei would have allowed investors in a New Mexico coal operation to continue benefitting from a special capital gains rate although tm rd bet niv, nu could get such treatment The new trill would extend to Rosman aircraft industry in all stales a tax benefit that the IMW* law set aside only for manufacturers of non commercial planes rn foul states It also would make available to several more large insurant e companies a special provision that was tar geted h. la underwrite! s Over die opposition of tile 11 easui y Department the toll would relax a provision in the new law arid permit income from certain installment sales of rental property to tx Sheltered from taxes by I, s- Horn other rentals The corrections Gill was introduced by Sens Lloyd Rent sen, I >'t exas and Hob Packwood tt Ore chair man and senior Republican, respec lively, of the Finance Committee and Reps. Dan Rostenkowski, I) III and John Duncan, R Term chair man and senior Republican on tilt House Ways and Means Committee “Clearly, last year s statute is not drafted with technical accuracy in every respect," Rostenkowski said In proposing the correction* Once the tax wr. mg committees begin debating the corrections nill other members of Congress arc ex peeled to propose numerous new intendment of then own Any ut th-* uttered tins veal could be * on.odered coles of scp.u.de tax bill alic.nl. .is .intendment to the mea ,ui e ■ rn rn cm «»»« «irrr»Trr« Defensive Driving Classes Saturday and havening (’lasses Available Classes Held at Holiday Inn 625-3 736 Walnut >quare .hopping Centi New Chaunt* I* TtftiHITteTi 1 c    ) 625 /528 N B 658 7538 S A I KEI I A I MER S DAY WEEKEND •lune 19-22 Conie in ana Hegistei at Frontage lours A Travel tor 3 FREE NIGHTS at the Port Royal "By The Sea ' Penthouse lode nestled in trio shimmering dunes of Mustang Island I aj^et ie,• « me most tuxunous resort on the I eAas Coast, which include the world s largest lagoon swimming pool complete wttti it s >w    .tall swim up hat md four who ij jot spas all Surrounded Ly Hisn t» , . aigreonuiy lins I bedroom Penthouse Suite has a tuily eg,jippcd kitchen toeplate wet bar and wastier di ver NO PURCHASE HECCiSSARV Ai.» tickets purchased hon. June ts thiu *u e ie will automatically reg,stet y.*u *oi this drawn,g Dtaw.r.y w.il he tie.d June t th at J i iii al Hentage louis & Tia^el William K. Brown M.D. Ph.D. Radiology Associates of New Braunfels PJI. Beginning 1 May 198/, has confined fiis practice to General Diagnostic Radiology in the private office and Computed Tomography with Hill Country Imaging,Ltd. Radiology Associates of N.B.P.A. /JI N Walnut Suite 101 Ph. 625-8844 Hill Country Imaging,LTD. 143 E. Garza 629-0081 Q (Nm you explain what is mc.int by the Tax Calendar Year’” A lilt* tax calendal year in Texas begins with the ASSFSSMF.NT DATF, of dan I MI property is taxable a of this date so this is the dal*? ttr.it appl aisn! distr ct us* to assess and value propel I v in then respective jut isdic t ions Jan I thioiigh March JI is the IU* MUT IDN i i RIDD This period is very important, because it is during tins time that property owner s have the opportumtv lo icarlet what they own, and state then opinion of its value I hen* are several benefits to rendering hut most importantly it gives the property owner an opjxntunny to tender hi opinion of the value of his property, and ii iii* .■> that he will receive a Notice of Appraised Value ii the assessed value is gi eater than tFir* 1 endered value May I >, or as soon there.titer as possible Notices of Ap praised Value are mailed to all property rn* lier * whose value has increased over last y,-at d rid <> ll propel tv ow ners who have rendered a value towel than that placed by the appraisal district The properly owner then I as until June lo, 01 ii days after tie receives his Notice of Nppiaised \ hie whichever i later, to file a foima < 11 »-n prof* t with the \ppraisal Review Hoard VS Fille* riot required all property owner* are meed to use this period i between I hi* loading cl the mf u e «•' \p fir ai sod Value and the deadline for filing a formal written protest' to visit informally with an appraiser to discuss questions concerning their property value. In many rises, the matter can he resolved dor mg the information visit with iii*' appraiser, making an appearance before th** Appraisal Review Hoard unnecessary The Appraisal Review Hoard begins its review of the appraisal records on May I.T and ends on July 20, at which time til** appraisal records must be certified This date is important, foi ii a property owner has not filed a formal written protest and appeared before the Appraisal Review Hoard pr ior to the time the rolls are certified, he loses his r igilt in appeal hts value Most taxing entities mail their statements on Oct I, and taxes become delinquent on Feb I The New Braunfels Independent School District and the < ity of New Hr a un f els however do not mail their statements nr t,i approximately June I of th** following year, and their taxes then become delinquent on Aug I I his is a In let outline of til** tax calendar year in Texas I he i esponsible property owner should be aware of these dates arid deadlines, especially those which limit the light to review and or protest the status and valuation of (heil prupert\ tppraisal Yores is provided by the ( omul Appraisal Histro I as a public set vice Regulators - they can handle S&L crisis DALLAS <AI’ Federal regulate, . v they have the resources to handle any liquidity ei, is that could arise with troubled Texas savings ar.J I mn assoria lions. Rev C (Rem president of the Fed, i al 11* iii <• I atari Rank of I Villas, said his hank eau t a *■ cash tty is mug short arid long term notes through i adv.mc • oner window Savings aint loan associations in th** Southwest, hit tty bilge withdrawals, have lerciyd V billion iii id va trees since the beginning of tins\< i (.novel them federal legutatoi s said Depositors, appt chm tv** ah * •» Mu* mdn-trv s deteriorating financial condition, have been pulling out then “jumlKis those sums *.! (loo.Din *•* . • *r• • w hich do not qualify for federal insur once Regulatory officials said eat lier this week ii Rn on that asset problems are becoming -ni'to y to Ii quidity cm isis among T exas tin ill The problem was exacerbated I bur sdoy when th* S421 million Security Savings Association ol lex aikona was declared insolvent It wa > to reopen today as a federally chai to red mutual as lotion Federal regulators and savings and loan officials said th** w ithdi awols have also been made from thrifts in of bn {tart* of th** country. “There has been a steady outflow for a few months and tins tins been nationwide." Green said W'ednes day although ti** added that the federal flanking • * tem can mc**’ most ernei geodes I be pin pose of Hie bank system is to handle last resort financing .” said Green of the 12 district institu lions that sci va* thrifts iii tin* same mariner tin* bedel al Reset vc System aids commercial hanks II *1 implies that these ar** things that we have a charge lo he responsible fin and we fully expect to lullill that mission “ he said I hr lit tr y mg to maintain deposit levels have hid up interest rates Sum** Texas S&Ls are paying as much is 9 :> percent for three month certificates of deposit about 2 (letcentage points higher than thrifts in other parts «i| the* omit iv The Dallas Federal Home Loan Rank has raised about CGO million rn a program designed to funnel deposits from healthy to trout)led thrifts. Green said Ile hopes the pr ogram eventually can raise $2 billion Stay 3 Days In New Orleans On Us! 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