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This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.
Joel Kline (born 1939) is an American real estate speculator who testified against several prominent Maryland politicians, and subsequently entered one of Maryland's longest bankruptcy proceedings. [1] [2] Kline employed a method of using public stock offerings to finance speculative land development deals. [3]
The Court of Appeals of Maryland found the law valid and that Miller Brothers Co. was liable for the tax. [2] Miller Brothers Co. appealed. Maryland's tax was a use tax; a 1944 Supreme Court case, McLeod v. J.E. Dilworth Co., [3] had ruled that a state could not levy a sales tax on sales made by a merchant in another state.
JBG SMITH Properties is a publicly traded real estate investment trust based in Bethesda, Maryland. [1]As of December 31, 2023, the company owned 44 operating properties including 16 apartment complexes with 6,318 units, 26 commercial properties comprising 8.3 million square feet, and 2 properties on which it collects ground rent.
Founded in 1914, the business and the metroplex seemed to grow together. In a 1999 editorial naming the leading 20 Dallasites of the 20th Century, Henry S. Miller was called "the master of real estate brokerage." [1] The company was founded by Henry S. Miller, Sr., who had worked in retail and real estate prior to venturing out on his own.
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