Portland tax assessor resigns after being placed on leave pending charges
Christopher Huff reportedly resigned before the new year. He was on leave since February after a domestic assault charge was filed. That case has not gone to trial.
Manhattan home prices drop 5.5% - the first decline since pandemic
Manhattan apartment prices fell 5.5% year-over-year in the fourth quarter of last year — the first time that residential real estate values in the borough dropped since the second quarter of 2020. In the last quarter of 2022, co-ops and condominium apartments in Manhattan were sold for a median price of $1.1 million, according to a report by appraiser Miller Samuel Inc. and brokerage firm Douglas Elliman Real Estate.
Tennessee SBOE Finds Tax-Exempt Entity's Leased Property Wasn't Exempt From Property Tax
The Tennessee State Board of Equalization (SBOE) Dec. 29, 2022 found that Taxpayer's property didn't qualify for a property tax exemption. Taxpayer, a tax-exempt entity, appealed the Shelby County Assessor's decision denying a property tax exemption for property that Taxpayer owned and leased to a sole proprietorship.
Tesla no longer needs tax abatement for proposed refinery
According to a press release from Nueces County, Tesla is no longer seeking the 312 Tax Abatement it previously asked for. Tesla officials said that the abatement was no longer needed to move forward with their proposed $375 million lithium refining facility as previously reported.
New Texas law gives elderly and disabled property tax break
The new year is bringing with it new laws. For the first time in Texas history, a new bill is giving property tax breaks to those who are disabled or over the age of 65. CBS Austin is told the new law will help people stay in their homes. The biggest question though is how will schools be able to recoup the expected loss in revenue. To find that answer, we went to the experts.
What The Heck!? Did My Benton County Property Tax Skyrocket!?
I noticed that my home insurance was up $700 for the year and a bigger jump came from my Benton County property taxes as my assessment home seems to have escalated. I'll be paying an extra $2400.00 for the year so if you don't have any unexpected surprises, I'd check with your mortgage provider.
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