Paying income tax is hard enough for those struggling to make ends meet. But with property taxes, even those who have no income end up having to bear their share of the overall tax burden.
Property taxes are typically imposed and collected by local tax authorities rather than state revenue departments, but property tax revenues have a big impact on the decisions that state governments make on where to apply their financial resources. Still, you can get a sense of how much of a property tax burden state residents bear by looking at the average tax paid per person. Using figures from the most recently available data from the Tax Foundation and land and home values from the Lincoln Institute, let's look at seven states that impose the highest average property taxes on their residents.
7. Rhode Island
Property taxes in Rhode Island average $2,083 per person. With average home values of $241,000 just barely putting Rhode Island in the top third of the nation, high tax rates and a high density of urban land help push the state's overall property tax burden higher. Moreover, with just over 1 million people, Rhode Island doesn't have many people over which split the fixed costs of state government.
Hot Beverage Companies To Invest In 2015: Mueller Water Products Inc (MWA)
Mueller Water Products, Inc., incorporated on September 22, 2005, is a manufacturer and marketer of products and services used in the transmission, distribution and measurement of water. The Company�� product portfolio includes engineered valves, fire hydrants, pipe fittings, water meters, leak detection and pipe condition assessment which are used by municipalities, as well as the residential and non-residential construction industries. The Company operates in two segments: Mueller Co. and Anvil. Mueller Co. The Company�� valve or fire hydrant products are specified for use in the 100 metropolitan areas in the United States.
Mueller Co.
Mueller Co. manufactures valves for water and gas systems, including iron gate, butterfly, tapping, check, plug and ball valves, as well as dry-barrel and wet-barrel fire hydrants and a of pipe repair products, such as clamps and couplings used to repair leaks. The Company offers residential and commercial metering products and systems and leak detection and pipe condition assessment products and services. Mueller Co. products are sold through waterworks distributors.
The Company�� fire hydrants consist of an upper barrel and nozzle section and a lower barrel and valve section that connects to a water main. In dry-barrel hydrants, the valve connecting the barrel of the hydrant to the water main is located below ground at or below the frost line, which keeps the hydrant upper barrel dry. It sells dry-barrel fire hydrants with the Mueller and U.S. Pipe Valve and Hydrant brand names in the United States and the Mueller and Canada Valve brand names in Canada. The Company also makes wet-barrel hydrants, where the valves are located in the hydrant nozzles and the barrel contains water at all times. It also makes wet-barrel hydrants, where the valves are located in the hydrant nozzles and the barrel contains water at all times.
Mueller Co. manufactures a variety of intelligent water technology products under the Mue! ller Systems and Hersey Meters brand names that are designed to help water providers accurately measure water usage. These products include water meters, advanced metering infrastructure systems and automated meter reading products, have the capability to measure water usage ranging from small residential flows to large commercial and industrial applications.
Mueller Co. offers leak detection and pipe condition assessment products and services under the Echologics brand name. Other products include pipe repair products, such as clamps and couplings used to repair leaks and municipal castings, such as manhole covers and street drain grates. It sells these products under the Mueller and Jones brand names.
The Company competes with McWane, Inc., American Cast Iron Pipe Company, The Ford Meter Box Company, Inc., A.Y. McDonald Mfg, Sensus, Neptune Technology Group, Inc., Badger Meter, Inc., Aclara LLC and Itron, Inc.
Anvil
Anvil manufactures and sources a range of products, includes fittings, couplings, hangers, valves and related products for use in many non-residential constructions for HVAC, fire protection, energy and oil and gas applications. Anvil's products are sold through distributors who then sell the products to a variety of end users. These distributors are serviced primarily through Anvil's distribution centers.
Fittings and Couplings manufactures threaded and grooved pipe fittings and couplings. Pipe fittings and couplings join two pieces of pipe together. The five categories of pipe fittings and couplings are cast iron fittings, malleable iron fittings and unions, grooved fittings, couplings and valves, threaded steel pipe coupling and nipples. Hangers, manufacture an array of pipe hangers and supports. Standard pipe hangers and supports are used in fire protection sprinkler systems and HVAC applications where the objective is to provide rigid support from the building structure.
The Company competes with Ward Man! ufacturin! g L.L.C., malleable iron fittings, Victaulic Company, Tyco International Ltd., ERICO International Corporation, Cooper Industries plc and Carpenter & Paterson, Inc.
Advisors' Opinion:- [By Travis Hoium]
What: Shares of Mueller Water Products (NYSE: MWA ) jumped as much as 17% today after the company released earnings.
So what: Fiscal-second-quarter revenue jumped 12.6% to $283.1 million and net income was $6.2 million, or $0.05 per share. Analysts only expected revenue to be $270.8 million and earnings of $0.02 per share so this was well ahead of estimates. �
Top 10 Industrial Disributor Companies To Own For 2014: Fifth Third Bancorp(FITB)
Fifth Third Bancorp operates as a diversified financial services holding company in the United States. The company?s Commercial Banking segment offers credit intermediation, cash management, and financial services; lending and depository products; and foreign exchange and international trade finance, derivatives and capital markets services, asset-based lending, real estate finance, public finance, commercial leasing, and syndicated finance for business, government, and professional customers. Its Branch Banking segment provides deposit and loan, and lease products to individuals and small businesses. This segment?s products include checking and savings accounts, home equity loans and lines of credit, credit cards, loans for automobile and personal financing needs, and cash management services. The company?s Consumer Lending segment engages in the mortgage and home equity lending activities, such as origination, retention, and servicing of mortgage and home equity loans ; and other indirect lending activities, which include loans to consumers through mortgage brokers and automobile dealers. Its Investment Advisors segment offers investment alternatives for individuals, companies, and not-for-profit organizations. It offers retail brokerage services to individual clients, and broker dealer services to the institutional marketplace. This segment also provides asset management services; holistic strategies to affluent clients in wealth planning, investing, insurance, and wealth protection; and advisory services for institutional clients, as well as advises the company?s proprietary family of mutual funds. As of December 31, 2011, the company operated 1,316 full-service banking centers, including 104 Bank Mart locations; and 2,425 automated teller machines in 12 states in the midwestern and southeastern regions of the United States. The company was founded in 1862 and is headquartered in Cincinnati, Ohio.
Advisors' Opinion:- [By Doug Hughes]
With their book value at over $26.00 a share and management always buying stock themselves, they will want to do the right thing for shareholders one day soon. Management also owns over 12% of the shares outstanding. Since they have decent growth, a big player like Fifth Third Bancorp (FITB) will buy them one day.
- [By The Part-time Investor]
The following stocks met the criteria in January of 2008 and were put into the initial portfolio:
Abbot Labs (ABT)Advanced data processing (ADP)Associated Banc-Corp (ASBC)Bank of America (BAC)BB&T Corp. (BBT)Bemis Company (BMS)Anheuser Busch (BUD)The Chubb Corporation (CB)Clorox (CLX)Comerica Inc. (CMA)Diebold Inc. (DBD)Emerson Electronics (EMR)First Dollar Corp. (FDO)First Third BanCorp. (FITB)Gannett Co, Inc. (GCI)General Electric (GE)Hershey (HSY)Illinois Tools Works (ITW)Johnson and Johnson (JNJ)Leggett and Platt (LEG)Eli Lilly (LLY)La-Z-Boy (LZB)McDonald's (MCD)Marsh and Ilsley (MI)M&T Bancorp (MTB)PepsiCo (PEP)Pfizer (PFE)Procter & Gamble (PG)Pentair Ltd. (PNR)Regions Financial Corp. (RF)Rohm and Haas (ROH)RPM International (RPM)Sherwin Williams (SHW)Sysco Corp. (SYY)UDR Inc. (UDR)Historical quotes were taken from Yahoo Finance. $10,000 was put into each position, to the nearest whole share, so a total of $349,262.89 was invested. From 1/15/08 through 5/16/13 all dividends were reinvested back into the stock that paid them. If a dividend cut was announced, that stock was sold on the ex-div date of the new, lower dividend.
- [By Laura Brodbeck]
Thursday
Earnings Expected From: United Health Group Incorporated (NYSE: UNH), Mattel, Inc. (NASDAQ: MAT), General Electric Company (NYSE: GE), Fifth Third Bancorp (NASDAQ: FITB), Philip Morris Inc (NYSE: PM), Pepsico, Inc. (NYSE: PEP), Goldman Sachs Group, Inc. (NYSE: GS), Chipotle Mexican Grill, Inc. (NYSE: CMG), American Express Company (NYSE: AXP) Economic Releases Expected: �German PPI, Canadian CPI, Chinese house price dataFriday
- [By Reuters]
Steven Senne/AP BOSTON -- Companies that help Target process payments could face millions of dollars in fines and costs resulting from the unprecedented data breach that struck the retailer during the holiday shopping season. Investigators are still sorting through just how thieves compromised about 40 million payment cards and the information of about 70 million Target (TGT) customers. But people who have reviewed past data breaches believe Target's partners could face consumer lawsuits and fines that payment networks such as Visa (V) and MasterCard (MA) often levy after cybersecurity incidents. Target's partners "have deep pockets and are intimately involved in certain aspects of how Target gets paid," said Jamie Pole, a cybersecurity consultant in Asheboro, N.C., who works for government agencies and the financial industry. Fines and settlement costs could reach into the millions of dollars for individual companies, he said, though much will depend on how the ultimate liability for the breach is determined. Boston attorney Cynthia Larose of Mintz Levin said Target would likely seek to add its partners as defendants to lawsuits already filed over the breach. "These class-action lawsuits start to bring everyone in at some point," she said. After its systems were penetrated by hackers in the mid-2000s, retailer TJX Cos. (TJX) agreed to pay up to $40.9 million to cover fraud costs in a settlement with Visa. Visa also issued penalties of $880,000 against Fifth Third Bancorp (FITB) of Ohio, which processed transactions for TJX. Asked about the business relationships and possible costs, Target spokeswoman Molly Snyder declined to comment, citing the ongoing investigation and pending suits. A Visa spokeswoman declined to comment. A MasterCard spokesman said the company couldn't discuss an ongoing investigation. Handling Target Transactions Several companies are involved in any purchase from a store such as Target. A bank issues the consumer's payment card
Top 10 Industrial Disributor Companies To Own For 2014: Buffalo Wild Wings Inc.(BWLD)
Buffalo Wild Wings, Inc. engages in the ownership, operation, and franchise of restaurants in the United States. The company provides quick casual and casual dining services, as well as serves bottled beers, wines, and liquor. As of July 26, 2011, it had 773 Buffalo Wild Wings locations in 45 states in the United States, as well as in Canada. The company was founded in 1982 and is headquartered in Minneapolis, Minnesota.
Advisors' Opinion:- [By kcpl]
However, there are a few restaurants who have managed to brave the headwinds and have come out as winners. Some of these are Buffalo Wild Wings (BWLD), Sonic (SONC), and Domino's Pizza (DPZ) -- which have bucked the industry trend.
- [By Demitrios Kalogeropoulos]
Buffalo Wild Wings (NASDAQ: BWLD ) has a serious weight problem.
Sure, the restaurant chain reported strong sales growth again this week. Revenue was up by better than 21%, marking the eighth consecutive quarter where sales rose by 20% or more.
- [By abirk]
There lies an intense competition between YUM and McDonald�� (MCD). Health consciousness amongst the people has given a serious threat to this Oak Brook based company, as McDonald�� is heavily exposed to the US market. Other threats include poor product positioning. To compete with KFC and Buffalo Wild Wings (BWLD), McDonald�� introduced chicken wings (Mighty Wings). At the same restaurant that sells double cheeseburgers for a dollar, premium chicken wings don't work. The company purchased approximately 50 million pounds of chicken wings and is stuck with 10 million pounds of unsold stock.
Top 10 Industrial Disributor Companies To Own For 2014: Greengro Technologies Inc (GRNH)
GreenGro Technologies Inc., formerly Authoriszor Inc., provides management services for the planning, construction, staffing and operation of medical marijuana dispensaries, and nurseries on behalf of non-profit patient co-operatives. Through long term contracts, the Company operates non-profit centers, returning all unused patient contributions, on a pro-rata basis to each co-op member in the form of additional product. In February 2010, Authoriszor Inc. completed the acquisition of GreenGro Technologies, Inc., and CannovaHealth, a clinic management company. In September 2011, the Company acquired Vertical Hydrogarden, Inc.
Medical marijuana (medical cannabis) is an alternative method to other forms of medication used to manage or alleviate pain without the undo side-effects caused by the prescription medication being used to treat an illness. The Company stands ready to assist in patient care co-operatives throughout the United States.
Advisors' Opinion:- [By Dan Burrows]
MediSwipe (MWIP) has tripled, with MWIP stock up 200%. Cannabis Science (CBIS) is closing in on quadrupling, as CBIS stock gained 273%. And GreenGro Technologies (GRNH)? Brace yourself, because GRNH stock is up over 1,000% … including an 18% so far today.
Top 10 Industrial Disributor Companies To Own For 2014: Deutsche Boerse AG (DBOEF)
Deutsche Boerse AG is a Germany-based international financial marketplace operator. It operates four business segments: Xetra; Eurex; Clearstream, and Market Data & Analytics. The Xetra business segment comprises three business areas: cash market using the Xetra electronic trading system and Xetra Frankfurt specialist trading; central counterparty for equities, and admission of securities to listing. The Eurex business segment comprises four business areas: electronic derivatives market trading platform Eurex; electronic options trading platform ISE; over-the-counter trading platforms Eurex Bonds, Eurex Repo, and Eurex Clearing. The Clearstream business segment comprises three business areas: custody, administration and settlement services for securities; global securities financing services, and investment funds services. The Market Data & Analytics business segment comprises two business areas: sales of price information and information distribution, and index development and sales. Advisors' Opinion:- [By Mark Thompson]
The contracts are often cleared through exchanges such as CME and Eurex, operated by Deutsche Boerse (DBOEF).
CME said it would gradually apply an additional "event risk" margin of 12% to all over-the-counter interest rate swaps due to the "additional uncertainty brought by the debt ceiling debate."
Top 10 Industrial Disributor Companies To Own For 2014: Banro Corp (BAA)
Banro Corporation (Banro) is a Canada-based gold exploration company. The Company holds, through four wholly owned subsidiaries, a 100% interest in four gold properties, which are known as Twangiza, Namoya, Lugushwa and Kamituga. These properties are covered by a total of 13 exploitation permits and are found along the 210 kilometer-long Twangiza-Namoya gold belt in the South Kivu and Maniema Provinces of eastern Democratic Republic of the Congo (DRC). The Company also holds 14 exploration permits covering an aggregate of 2,638 square kilometers. Its 10 of the permits are located in the vicinity of the Company's Twangiza property and four are located in the vicinity of the Company's Namoya property. During the year ended December 31, 2011, the Company was engaged in the construction of the Company�� Twangiza Phase I oxide mine, and continued its exploration activities at its Twangiza, Namoya and Lugushwa properties. Advisors' Opinion:- [By Bryan Murphy]
Looking for a couple of long (bullish) trading ideas on a day when the market is dragging pretty much everything lower? There are two names that fit the bill...CombiMatrix Corp. (NASDAQ:CBMX) and Banro Corporation (NYSEMKT:BAA). CBMX is an "almost" small cap stock that deserves a place on your watchlist while we wait for it to do one more thing. Meanwhile, BAA is something worth going ahead and taking a swing on now, not despite the market's tumble, but because of it.
- [By Anthony Mirhaydari]
I’ve added shares of BVN to my Edge Letter Sample Portfolio.
Breakout Gold Stocks to Buy: Banro (BAA)
Click to Enlarge Banro (BAA) is a gold mining outfit with operations in the Democratic Republic of the Congo. The company recently announced a 15% increase in gold production in the fourth quarter thanks to expansion and efficiency gains at its Twangiza facility. - [By Bryan Murphy]
With the weekend just around the corner - and with folks looking to close the books on what's been a miserable week - most traders have already closed shop and gone home. Big mistake. Some of the best trades I've ever found were uncovered when nobody else cared, or was interested. Enter Banro Corporation (NYSEMKT:BAA)... a name I stumbled cross today when few other were even looking. I think BAA could be an explosive bullish mover over the course of the next few weeks. Though I don't want to get married to it, I sure wouldn't mind dating it for a while.
Top 10 Industrial Disributor Companies To Own For 2014: Schlumberger N.V.(SLB)
Schlumberger Limited, together with its subsidiaries, supplies technology, integrated project management, and information solutions to the oil and gas exploration and production industries worldwide. The company?s Oilfield Services segment provides exploration and production services; wireline technology that offers open-hole and cased-hole services; supplies engineering support, directional-drilling, measurement-while-drilling, and logging-while-drilling services; and testing services. This segment also offers well services; supplies well completion services and equipment; artificial lift; data and consulting services; geo services; and information solutions, such as consulting, software, information management system, and IT infrastructure services that support oil and gas industry. Its WesternGeco segment provides reservoir imaging, monitoring, and development services; and operates data processing centers and multiclient seismic library. This segment also offers variou s services include 3D and time-lapse (4D) seismic surveys to multi-component surveys for delineating prospects and reservoir management. The company?s M-I SWACO segment supplies drilling fluid systems to improve drilling performance; fluid systems and specialty tools to optimize wellbore productivity; production technology solutions to maximize production rates; and environmental solutions that manages waste volumes generated in drilling and production operations. Its Smith Oilfield segment designs, manufactures, and markets drill bits and borehole enlargement tools; and supplies drilling tools and services, tubular, completion services, and other related downhole solutions. The company?s Distribution segment markets pipes, valves, and fittings, as well as mill, safety, and other maintenance products. This segment also provides warehouse management, vendor integration, and inventory management services. Schlumberger Limited was founded in 1927 and is based in Houston, Texas.
Advisors' Opinion:- [By Tyler Crowe]
When it comes to Canadian oil sands, there has been one direction that many a company has followed: toward the exit. Tough economics, as well as a lack of sufficient takeaway capacity, has made oil sands production difficult for oil companies. But where so many other companies see peril, ExxonMobil (NYSE: XOM ) and Schlumberger (NYSE: SLB ) see opportunity. Exxon has held the course on its major Kearl oil sands project and expects it to be up and running in 2015. Also, Schlumberger has just acquired a Canadian company that provides geochemical and fluid analysis to oil sands producers.
- [By Isac Simon]
Is the stock looking cheap?
To me, Halliburton currently looks cheaper that its bigger cousin Schlumberger (NYSE: SLB ) . While Halliburton is trading at 21 times its earnings, and Schlumberger's trading at only 18 times earnings, the reason I'm not too interested in the P/E multiple is that Halliburton's bottom line doesn't reveal its actual profits. Since April 2010, the company has been making provisions for its part in the Macondo oil spill disaster. This has distorted Halliburton's actual earnings considerably. - [By Dr. Kent Moors]
That's why some of the biggest OFS providers - like Schlumberger (NYSE: SLB), Halliburton (NYSE: HAL) and Weatherford International (NYSE: WFT) - have been buying up oil and gas equipment companies.
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