Property Tax Collections Boosting Local Governments

May 09, 2014

Property-tax collections are on the rise. All around the country local government units are seeing a shimmer of light as the economy continues to recover from the recession. Property-tax collections are rising faster than at any point since the housing market crashed in 2008. As collections grow, local governments are finally allowed a respite from years of cutbacks.

During the last three months of 2013, property-tax collections grew to $182.8 billion nationally according to a U.S. Census. The growth in property tax will mean local governments can’t halt the lay-offs and begin offering benefits, particularly healthcare, as growing costs had put them beyond the reach of local government.

Property-tax collections are on the rise paralleling the growth of the real estate market around the country. In 20 U.S. cities, property values have risen by 10% since 2013 according to reports by the S&P/Shiller Index.

Property values weren’t the only thing rising over the past year. Local governments, which account for 14 million people in the workforce, have hired 57,000 workers. The synergy from the gains made in the property market is helping local governments who have essentially frozen hiring since 2008.

Local governments are also putting the additional funds to good use. City work projects and improvements such as libraries, fire stations, and police stations are now seeing budgets materialize. The sorely needed budget help is benefiting cities around the nation as local governments try to climb out of the fiscal pit they’ve been trapped in since 2008.


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Having a merchant account allows an account holder to take advantage of merchant cash advances. When a merchant is approved for an advance, the business agrees to receive a lump sum of cash in exchange for an agreed-upon percentage of future credit card sales.

Pricing varies depending on the merchant’s industry, past credit card processing history, the type of business seeking the account, average ticket sales, and average transaction volumes.

Yes, EMB works with merchants who are building their credit, as well as those who have poor credit. EMB also approves merchants that have no credit card processing history and businesses that have lost their merchant accounts due to high chargebacks.

Several factors influence a merchant’s risk level. Though only one factor likely will not get a merchant classified as high risk, a combination of these may: business size, location, and industry, credit score, credit card processing history, a industry’s reputation for excessive chargebacks, a prior history of high chargeback ratios, and whether a merchant exclusively sells online.

Virtual terminals are stationed on a merchant’s website, making it easy for customers to make a payment or purchase online. Merchants or a payment processor can easily set up virtual terminals, so online businesses can accept credit and debit card and e-check transactions.

A merchant account is a business account with an acquiring bank. Without this business account, which actually works more like a line of credit, a merchant cannot accept and process credit and debit card transactions. Businesses need a merchant account to accept major credit cards via a static point-of-sale terminal, mobile card reader, or through a virtual payment gateway.

After filling out EMB’s simple online application and submitting any necessary, requested documents, many merchants get approved within 24 and 48 hours.

EMB specializes in working with high-risk merchants. EMB works with many merchants, including but not limited to businesses in these industries: gambling and gaming, adult entertainment, nutraceuticals, vaping and e-cigarettes, electronics, tech support, travel, high-end furniture, weight loss programs, calling cards, e-books and software, and telecommunications.

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