There is a lot of confusion out there regarding Taxes and Bankruptcy. Many people, even trained professionals, believe income taxes can never be discharged in bankruptcy - but they're wrong.
Taxable valuations of property art as much as science
Property tax valuation can be a contentious issue between taxing authorities and land owners. In some areas, such as tract residential housing, determining comparables and assessing value may be relatively straightforward, as there may exist thousands of identical or nearly identical properties, sometimes within the taxing district.
Taxes and the certainty of change
The Ohio legislature is still at work on the state's tax laws and it is unclear what the final result will be, given the competing options percolating in Columbus. The Senate is working on a proposed cut of $500 million more than the House proposed. And the House tax plan is different from the governor's tax proposal.
