MooneyMitch Posted January 12, 2021 Report Share Posted January 12, 2021 Incidentally Parker, do you know if the IADA data includes our small general aviation airplanes, or is it mostly private jets and turboprops ? Thank you. Quote Link to comment Share on other sites More sharing options...
Ron McBride Posted January 12, 2021 Report Share Posted January 12, 2021 7 minutes ago, Parker_Woodruff said: who owns the hangar? Municipality or are you renting from a private owner? When I had my plane 3 years ago at KMPI. I owned the hanger, paid a ground lease of $63.00 and property taxes about $250.00 a year. Leases were renewable every 10 years. Monthly ground lease was adjusted yearly based on consumer price need. I sold it after 10 years of ownership and made $1,500.00. Ron Quote Link to comment Share on other sites More sharing options...
MooneyMitch Posted January 12, 2021 Report Share Posted January 12, 2021 Just now, Ron McBride said: When I had my plane 3 years ago at KMPI. I owned the hanger, paid a ground lease of $63.00 and property taxes about $250.00 a year. Leases were renewable every 10 years. Monthly ground lease was adjusted yearly based on consumer price need. I sold it after 10 years of ownership and made $1,500.00. Ron Good investment Ron. Congratulations. Quote Link to comment Share on other sites More sharing options...
Parker_Woodruff Posted January 12, 2021 Author Report Share Posted January 12, 2021 31 minutes ago, Ron McBride said: When I had my plane 3 years ago at KMPI. I owned the hanger, paid a ground lease of $63.00 and property taxes about $250.00 a year. Leases were renewable every 10 years. Monthly ground lease was adjusted yearly based on consumer price need. I sold it after 10 years of ownership and made $1,500.00. Ron Property taxes in Texas would be far above this. Nice job Quote Link to comment Share on other sites More sharing options...
MooneyMitch Posted January 12, 2021 Report Share Posted January 12, 2021 8 minutes ago, Parker_Woodruff said: Property taxes in Texas would be far above this. Nice job Not political in nature, just stating a fact...............we [California] do have still intact, proposition 13 which limited the previous runaway property tax swell years ago. Quote Link to comment Share on other sites More sharing options...
hammdo Posted January 12, 2021 Report Share Posted January 12, 2021 Texas does have a percentage limit per year now but, we still get hammered on property taxes - the ISD (school taxes) are what hit us hardest. I have city, county, and school property taxes. For a while we had 2 school taxes (Carrollton and Lewisville since I live on the border of each). State finally fixed that so Lewisville ISD decided to raise out ISD taxes... And I have no kids in scholl for a decade.. Such is life ;o) -Don Quote Link to comment Share on other sites More sharing options...
MooneyMitch Posted January 12, 2021 Report Share Posted January 12, 2021 3 hours ago, MooneyMitch said: Incidentally Parker, do you know if the IADA data includes our small general aviation airplanes, or is it mostly private jets and turboprops ? Thank you. Ah, AOPA reports the IADA data is for business aircraft sales. Doesn’t say anything about us small general aviation aircraft. Quote Link to comment Share on other sites More sharing options...
EchoMax Posted January 13, 2021 Report Share Posted January 13, 2021 As anecdotal evidence, we recently put our Sundowner on the market (after buying our M20E), and within two or three days we had several serious buyers that devolved into a two-buyer bidding war. It is now under contract, and we got our asking price, which is more than we would have expected six months ago. 1 Quote Link to comment Share on other sites More sharing options...
MooneyMitch Posted January 13, 2021 Report Share Posted January 13, 2021 2 minutes ago, EchoMax said: As anecdotal evidence, we recently put our Sundowner on the market (after buying our M20E), and within two or three days we had several serious buyers that devolved into a two-buyer bidding war. It is now under contract, and we got our asking price, which is more than we would have expected six months ago. Congratulations! Possibly fixed gear aircraft are not as affected by these recent premium hikes as are our retractables. Enjoy your wonderful E model..... one of my favorites!! Quote Link to comment Share on other sites More sharing options...
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