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Lebanon Information
Welcome > Local Info > Lebanon Information ...

Lebanon Information

LEBANON 

Lebanon is located 30 miles north of Cincinnati and 30 miles south of Dayton Ohio in between the two main roadways, I-71 and I-75. Its almost-19,000 residents appreciate the reasonable tax rates and ability to secure larger tracts of land for their residences within this roughly 12-1/2 mile area.  

First settled in 1796 and officially founded in 1802, the area is rich in history and heritage. It was a stagecoach stop for many of its early years. The history of Lebanon was influenced by the Shaker religious sect and one of the present landmarks is the Otterbein Retirement Community. One of its most famous citizens for years was former astronaut Neil Armstrong.  

Lebanon has its own symphony orchestra and the wonderfully different Countryside Family YMCA. This facility is unique because of its natural setting with many acres of woods and trails.  

Lebanon sits in the middle of Warren County, the fastest growing county in the state and this is one of the fastest growing areas in greater Cincinnati right now. Downtown Lebanon is as charming as yesteryear with its landmark, The Golden Lamb (Inn and restaurant), located at the center of downtown (Broadway and Main). Recently visited by President Bush, this is the oldest continuously operting inn and restaurant in the state. Other visitors included 11 other U.S. Presidents, U.S. Grant, Charles Dickens, and Mark Twain. More and more antique shops are cropping up along the downtown streets and the ice cream parlor still looks like something out of the 1950s.  

In September on a sunny Saturday afternoon the local apple farmers bring their end-of-the-season leftovers to sell, along with what has become a huge homemade craft market and there is always plenty of apple based food available as the community comes out for the fun-filled Applefest. This is a great festival because it isn't very commercial. The local community groups always have a pig roast and there is free entertainment for all ages. 

The recent addition on Route 48 of the Tournament Players Club at Riverbend golf course designed by Arnold Palmer has brought glamorous large residences and even the site of Home-a-Rama to the area. Of course the next addition in the immediate surrounding area was a Kroger superstore. 

The Lebanon School district is comprised of six school buildings. A new high school is presently under construction and slated to open next fall. There will also be a new Bowman Primary building and the district will totally change the way its elementary buildings are used. The school system's 240 teachers work with about 4,500 students. 

City of Lebanon 

Applefest 

Golden Lamb 

Lebanon Schools 

Rivers Crossing 

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Real Estate Tips
Tax Considerations >Tax Deductions

Here is a question which is often asked about real estate sales: which home loan fees are deductible for income tax purposes? It is good to know the answer to this question before you sign on the dotted line. It may influence which loan you will choose. Loan fees for certain services are not itemized on your fee statement, but are grouped together into a single category.

The most obvious deductible fee is the loan fee paid to acquire a mortgage for a principal residence. The IRS recently ruled that the buyer could deduct the fee in the first year, even if the seller paid it! Other deductions include pro-rated property taxes and mortgage interest. On these items, the buyer may only deduct their share.

Most of the other closing costs are not deductible, but you may add them to your home's adjusted cost basis when calculating appreciation. Among these costs are appraisal, attorney, and inspection fees, as well as title, recording and notary fees. Fire insurance fees are neither deductible nor do they figure into the cost basis. If you are not sure which fees are deductible, consult a professional tax advisor.

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Real Estate Trivia
Q 
Where is the world's oldest hotel?

A 
The Hotel Ryokan in the village of Awazu, Japan dates back to AD 717, when an inn was built near a hot spring reported to have miraculous healing properties.
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Lori Newsom Glacking, REALTOR®, real estate agent and broker for Cincinnati, Mason and Loveland, Ohio home listings, property and land for sale - NUMBER1EXPERT(tm)

Lori Newsom Glacking
RE/MAX Elite

5729 Gateway Blvd.
Mason, OH 45040
513-382-1400
Fax: 513-297-1560
LoriNewsomGlacking@NUMBER1EXPERT.com

My purpose is to provide home buyers and sellers with a world-class client experience, exceeding their expectations, so they will become customers for life and gladly refer their friends and family. Excellent Service-Efficient Systems-Effortless Transaction!

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