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Knox County Ohio Real Estate Information Archive

Sam Miller


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Apple Valley Lake January Calendar

by Sam Miller

Many people think of Apple Valley strictly as a lake community for summer fun during the warm weather months but Apple Valley has activities year round.  The following is a schedule of events for the month of January 2009.   

  • January 1st: Water Aerobics at 9:10 a.m. to 1:10 p.m.
  • January 2nd:  Water Aerobics at 9:10 a.m. to 1:10 p.m.
  • January 2nd:  Skating 7:00 p.m.
  • January 5th: Property Committe. Meeting 2:00 p.m.
  • January 5th:  Water Aerobics at 9:10 a.m. to 1:10 p.m.
  • January 5th:  Lake Committee Meeting at 7:00 p.m.
  • January 6th: Activities Committee Meeting at 1:00 p.m.
  • January 7th: Water Aerobics at 10 a.m.
  • January 7th:  Teen Fusion at 6:45 p.m.
  • January 7th:  Water Aerobics at 9:10 a.m. to 1:10 p.m.
  • January 8th:  Water Aerobics at 9:10 a.m. to 1:10 p.m.
  • January 8th: So and Sews at 11 a.m.
  • January 8th: Apple Core at 2 p.m.
  • January 8th: Social Dance at 7 p.m.
  • January 9th: Water Aerobics at 9:10 a.m. to 1:10 p.m.
  • January 9th:  Skating at 7 p.m.
  • January 12th: Water Aerobics at 9:10 a.m. to 1:10 p.m.
  • January 12th:  Fish Club Potluck at 6:30
  • January 13th: Bridge at 1:00
  • January 13th: Cub Scouts Pack 344 at 7 p.m.
  • January 14th: Water Aerobics at 9:10 a.m. to 1:10 p.m.
  • January 14th: Apple Valley Artists at 9:30 a.m.
  • January 14th: Apple Blossoms at 10 a.m. 
  • January 14th: Lions Club at 7 p.m.
  • January 15th: Water Aerobics at 9:10 a.m. to 1:10 p.m.
  • January 15th:  So and Sew at 11 a.m.
  • January 15th:  Cooking School at 2 p.m.
  • January 15th:  Social Dance at 7 p.m.
  • January 16th:  Water Aerobics at 9:10 a.m. to 1:10 p.m.
  • January 16th:  Skating at 7 p.m.
  • January 17th: Cards at 7:00 p.m. 
  • January 19th: Water Aerobics at 9:10 a.m. to 1:10 p.m.
  • January 20th:  Board Meeting at 7 p.m.
  • January 21st:  Garden Club at 9 a.m.
  • January 21st:  Water Aerobics at 9:10 a.m. to 1:10 p.m.
  • January 21st:  Apple Blossoms at 10 a.m.
  • January 21st:  Teen Fusion at 6:45 p.m.
  • January 22nd: Water Aerobics at 9:10 a.m. to 1:10 p.m.
  • January 22nd:  So and Sews at 11 a.m.
  • January 22nd:  Social Dance at 7 p.m.
  • January 23rd:  Water Aerobics at 9:10 a.m. to 1:10 p.m.
  • January 23rd:  Skating at 7 p.m.
  • January 24th: Fishing Seminar and Lunch at 11 a.m. to 5 p.m.
  • January 26th: Water Aerobics at 9:10 a.m. to 1:10 p.m.
  • January 27th:  Bridge at 1 p.m.
  • January 27th:  Cub Scouts Pack 344 at 7 p.m.
  • January 28th:  Water Aerobics at 9:10 a.m. to 1:10 p.m.
  • January 28th:  Apple Valley Artists at 9:30 a.m.
  • January 28th:  Apple Blossoms at 10 a.m.
  • January 28th:  Lions Club at 7 p.m.
  • January 29th:  Label Cider Press at 
  • January 29th: Water Aerobics at 9:10 a.m. to 1:10 p.m.
  • January 29th:  So and Sews at 11 a.m.
  • January 29th:  Social Dance at 7 p.m.
  • January 30th:  Water Aerobics at 9:10 a.m. to 1:10 p.m.
  • January 30th:  Skating at 7 p.m.  
All events and dates are subject to change*

If you are interested in obtaining information relating to the Apple Valley Lake housing market or you would just like to view available Apple Valley Homes that are currently for sale Click Here to visit our exclusive Apple Valley website


Twitter Connects Apple Valley Property Owners

by Sam Miller


The Apple Valley lake community in Knox County Ohio has more than 6,600 developed lots and home sites.  Many of the Apple Valley property owners live outside of the Apple Valley lake community yet they want to stay connected to what is happening in Apple Valley.  Beyond the Cider Press Publication or our Apple Valley Blog there is a new online option for Apple Valley Property Owners called Twitter.

Twitter is a new website technology that allows people to connect with each other using a quick and easy format.  Twitter has been referred to as a micro blog that allows only 140 characters or less per message.  To give you an idea how small 140 characters is let me say that it is smaller than a single cell phone text message.  Keeping the Twitter content brief makes it even powerful because it can be accessed via computer, cell phone, text messaging, iPod Touch or most other wireless devices.  The Twitter technology even allows us to post website links to photo updates, current weather and many other information that an out of town property owner would find useful.  

If you are already a Twitter user and you would like to stay updated you are welcome to follow me on Twitter by clicking the following link and selecting "follow":  For those who are interested in setting up a free Twitter account just visit and it is very simple.  Once you have your account setup be sure to visit:

Year End Tax Update

by Sam Miller

Sally Nelson and her team of tax specialists at Nelson & Nelson provided me with some very valuable tax updates today.  I was very excited to see that these updates apply directly to real estate and home ownership.  I contacted Nelson & Nelson CPA's and asked their permission to share their tax update with you in my blog and they happily agreed.

Year End Tax Update

Before year end we want to expand on our discussion of the new homebuyer tax credit provision that we touched on in a previous letter.  It is a new and untried concept, so there will probably be unforeseen situations that will need to be worked out as they arise, but for now - this is what is known! 
First-Time Homebuyer Tax Credit
The important thing to remember about this interesting provision, is that it is really a government loan that taxpayers can use to finance a home purchase.  There are many stipulations:
1)  The definition of "first-time" is that the taxpayers did not own a residence during the 3 year period before the purchase.
2)  Residence means principal residence - not a vacation or second home.
3) The benefit is phased out at certain modified adjusted gross income levels
            Single taxpayers                             $75,000-$95,000
            Married taxpayers, filing joint       $150,000-$170,000
4) So far this only applies to houses purchased after 4/9/08 and closed  before 7/1/09, however a house bought in the 2009 period can be claimed on a 2008 extended or amended return, to accelerate the receipt of cash.
5) The credit is limited to the lower of $7,500 ($3,750, for married filing separate) or ten percent of the purchase price (e.g. a $60,000 house would result in a credit of $6,000)
The way it would work is that taxpayers would claim the credit on the tax return for the year of purchase.  It would first be applied to any tax on the return.  Any extra, not needed to pay tax, would be refunded.  If the taxpayer had other credits and withholdings to pay his/her tax, all the credit would go into the refund.   This credit-loan would have to be paid back, over a 15 year period starting the 2nd year after the credit was taken.  It would get paid back as an addition to the taxes owed for those 15 years.  The good thing is that it is interest free.  As an example, if $7,500 were taken in 2008, an additional $500 would get added to the tax bills for 2010-2024.
 So, what happens if....
       The taxpayer dies?    Payback ceases, the surviving spouse owes just ½ the balance.
       The taxpayers get divorced?  Payback is the responsibility of the spouse receiving the home.
       The house is sold?  Payback is completed in year of sale, however the payback cannot be more than the gain on the house.
        The house is bought from a close relative?  The credit does not apply.
This could be a very advantageous benefit for qualifying taxpayers.  

Other Real Estate Provisions. 
 On the 2008/9 returns, taxpayers can deduct up to $500 (if single) or $1,000 (married, joint) of real estate taxes in addition to their standard deduction.  Normally this is only a benefit for itemizers.  
As you know, a gain on the sale of a personal residence is excluded from tax if less than $500,000 ($250,000 if single), as long as the taxpayers have lived in it for 2 out of the last 5 years. If the house had also been used for business or rental, the depreciation taken was recaptured as taxable income at the time of sale, but otherwise the entire gain was excluded.  Now, beginning with 2009, any business use after 1/1/09 will require that the gain be apportioned between personal and business, with the business portion not being eligible for exclusion.  So that means keeping track of those home improvements again, to establish basis if needed. 

Mineral Rights Transactions  
      Whether the sale or lease results in capital gain or ordinary income depends on the nature of the transaction:
     1) Outright sale of the mineral rights on a piece of land is a capital gain transaction.  The gain will be the full amount of the sale, because ordinarily the basis of mineral rights is "0", unless determined at the time of purchase.
    2) If the rights are leased, the landowner receives royalty income, which is ordinary income.  A depletion deduction is allowed.
    3) A sale of right-of-way or easement, that is perpetual and can never revert back to the grantor, is a capital gain transaction.
    4) A payment for use of surface land is rent (ordinary income)
    5)  A working interest in an oil or gas well is considered business income, subject to self-employment tax.



Going Green Tips

by Sam Miller

Going Green doesn't have to be difficult and it doesn't have to be expensive.  With just a little added planning and by making some very small changes we can make a difference.  I will keep the "Going Green" ideas coming each week.  It is amazing that once I have started thinking about trying to live a little greener how you start noticing things that never stood out before.  

Here are 5 tips you can easily use in the coming week.


  1. When boiling water or heating up anything on your stove top always place a lid on your pot to retain the heat. This will bring the temperature up faster which will help you also conserve energy.
  2. During the winter months when you are turning on your furnace and setting the thermostat consider setting the temperature just 2 or 3 degrees lower than you did last year.  Put on a sweater or sweat shirt and you will more than likely never notice the difference in temperature.  This will conserve energy and help you reduce your heating bills.
  3. If you regularly utilize a kitchen dishwasher consider running a single cycle each day rather than one in the morning and one after dinner.  This will conserve water and electricity.
  4. On sunny winter days open up your drapes and window blinds to let the sun add additional warmth to your home.  Not only does this help reduce your heating bills but sunshine energizes people.  It is hard to feel depressed on a bright sunny day.
  5. Every 6 months or so it is a good idea to gently vacuum or lightly brush off the refrigerator condenser coils which are located on the bottom or the back of your refrigerator.  This will help your refrigerator last longer and not require it to kick on and off nearly as much.  
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