Canada bars foreigners from buying real estate – and taxes those who already own property
If you've been dreaming of buying a cottage along the Canadian waterfront, you will have to keep dreaming – rather than shopping – for the next two years. And if you already own such a property, remember this date: April 30. That's when you and thousands of other Americans who own property in Canada may well have to pay a new annual tax on it.
Tuscaloosa County voters reject property tax increase for local schools
Tuscaloosa County residents rejected a proposed property tax increase during Tuesday's special election. The joint measures, a 3-mill increase and a 5-mill increase, would together have sent about $15 million additionally to local schools. The Tuscaloosa County school district hoped to fund new facilities, school resource officers and an expanded pre-K program.
Ansonia Tax Break Agreement Had Wrong Tax Assessment Data
Valley Independent Sentinel
Officials said a public hearing is scheduled for Feb. 28 on a “tax incentive agreement” already approved by the Ansonia Board of Aldermen last year. The agreement, which was connected to the sale of about 10 acres on Olson Drive to companies controlled by developer John Guedes, needs to be changed because the agreement approved by Ansonia last year had incorrect information.
Lawmakers vote to cushion Iowa property taxpayers from $133M hike as cities eye shortfall
Des Moines Register
Iowa House lawmakers have passed a bill intended to shave $133 million from Iowans' property tax bills, leaving cities and counties scrambling to rearrange their budgets and adjust for the drop in expected funding. The House voted 86-13 Wednesday afternoon to pass Senate File 181, sending it to Gov. Kim Reynolds, who is expected to sign it soon. The Senate passed the bill Feb. 1.
Walmart settles its tax appeal with the city
Walmart has settled two tax disputes, one with the city of Ellsworth and one with Falmouth, after losing two tax appeals at the state level. The settlements followed a written decision issued by the state Board of Property Tax Review that sided with the city of Brewer in Walmart's appeal of its tax assessment in that city. The board also denied Walmart's appeal of the valuation of its Thomaston store.
Senator Weber's property tax relief bill gets hearing in Senate, bipartisan support
Minnesota Senate Republicans
On Wednesday, Feb. 15, the Senate Taxes Committee heard a bipartisan bill authored by Senator Bill Weber (R-Luverne) to provide significant property tax relief for agricultural, business and resort properties. This legislation, SF973, is a compilation of three provisions from last year's Property Tax Subcommittee report, which was part of the 2022 Senate tax bill, and the Tax Conference Committee agreement.
Montana Republicans vote down long-term property tax relief bill
Montana Free Press
House Bill 280, sponsored by Rep. Jonathan Karlen, D-Missoula, aimed to offer a state income tax credit to homeowners making up to $130,000 a year to reimburse them for a portion of their property tax bill. It would also have let renters claim a credit for a portion of their rental bill assumed to be attributed to property tax.
Cornell's Tax-Exempt Status & Ithaca's Bottom Line
This is a big year for the city of Ithaca, a community heavily taxed though perennially cash- strapped, partially due to the tax exemption of 60 percent of its property. This year is the last of a Memorandum of Understanding signed twenty years ago, laying out Cornell University's cash contribution to its host city.
ND Senate advances property tax reduction bill
Valley News Live
You could soon be paying less in property taxes. That's because lawmakers advanced a bill that would lower them across the state. Senate Bill 2066 would increase the state's contribution to public school districts, so property owners wouldn't be required to pay as much.
Property tax relief for seniors proposed by Republican contingent
The Center Square
North Carolinians over the age of 65 could get property tax relief under a bill introduced Tuesday in the state House. House Bill 105 would provide seniors with a property tax appreciation exclusion that would set taxes at the lesser of a permanent residence's true value or qualifying value, defined as the appraised value in the first year of the owner's application for tax relief.
Ohio House GOP's first bill would lower state income, property taxes while cutting $1.2 billion to schools and local governments
Ohio House Republicans' first introduced bill would cut and flatten Ohio's income tax rates, lower property tax rates, and stop $1.2 billion per year in state payments to local governments. House Bill 1 would create a flat state income tax rate of 2.75%, though Ohioans making less than $26,050 per year would continue to pay no income tax.
Umpqua Plaza Carries the Largest Property Tax Debt in Portland
The brick-clad tower commands killer views of Mount Hood and is just steps from Tom McCall Waterfront Park. The lobby is meticulously cared for. But in these work-from-home times, it's quiet and surrounded by streets devoid of the pre-pandemic bustle.