The Invisible Role Taxes Play in America's Housing Shortage
Wall Street Journal
Once owners of vacant lots build homes or apartments, their tax bills can skyrocket. From New York to Austin, America's biggest cities are littered with vacant plots of land. WSJ explains the unseen role property taxes play in the country's housing shortage.
Juneau homeowners get sticker shock as residential property assessments soar
Must Read Alaska
Look out for rising rental prices in the Juneau housing market, as Juneau homeowners are experiencing sticker shock from the City and Borough of Juneau's new property assessments. Some homeowners are saying their property value increased as much as 40%.
Proposed bill would mandate statewide property reassessment every five years
Delaware First Media
A new bill filed would mandate statewide property reassessments every five years. Delaware is presently undergoing property reassessments following a 2020 Chancery Court decision that ruled the state's property tax system unconstitutional as part of an education funding lawsuit.
DISTRICT OF COLUMBIA
Case study: D.C.'s push to convert empty offices
In the post-pandemic era, revitalizing sleepy downtowns — deprived of many of the office workers of yore — is a top priority for America's city governments. Today, we bring you a case study of one city — Washington, D.C. — from our colleagues at the Axios D.C. newsletter.
Vote on raising property tax levies scrapped, but new legislation would allow referendums to cut local budgets
An idea to require voter approval for any property tax levy increase in a city or county budget didn't pass muster with enough legislators, but part of the bill allowing taxpayers to use a referendum to cut the budget of their county and cities lives on.
Residents in Miami County concerned over increased property taxes, home values
Some residents in Miami County, Kansas, are upset that their property taxes and property values are going up, including long-time resident Scott Estes. “Where did this come from?" Estes said. “I don't even know where to begin."
Maryland Farmers Seek Protection From Surprise Tax Bills
Howie Feaga got an eye-popping tax update last year for his farm in Ellicott City, Maryland. The assessed value of his buildings had leaped from $400,000 to $1.2 million, translating to a huge overnight increase in his property taxes.
Property values expected to jump 10% to 50% this year in Becker County
Detroit Lakes Tribune
Property values are expected to increase 10% to 50% in Becker County this year — with hunting land and lakeshore property leading the way, according to Becker County Assessor Lisa Will. Other counties in the area, including Otter Tail, Wadena, Todd, Clay and Hubbard, are seeing similar valuation hikes, she said.
Report: Nevada is state with 4th lowest real-estate property taxes
A new report finds Nevada to have one of the lowest real-estate property taxes in the country, following the release of recent housing numbers on Tuesday. According to a report by WalletHub, Nevada has the fourth lowest real-estate property taxes, just behind Colorado, Alabama, and Hawaii.
Commissioners vote to recall Tarrant Appraisal District board chair
Tarrant County Commissioners voted Tuesday to recall the board chair of the Tarrant Appraisal District, two weeks after Keller city leaders did the same, citing transparency and trust concerns at the agency that determines property values.
McLennan County taxpayers see relief for property tax bill late fees
The McLennan County Commissioners court has waived the property tax late fees for around 40 households in the county. This all comes after some folks asked that their property tax late fees be waived due to delays and cancellations from the February ice storm.
Houston home value tracker: The most and least expensive ZIP codes
Houston's housing market took a dramatic shift in mid-2022 that's slowing the pace of price growth and starting to ding home values in 2023. While the housing market is nowhere near the downturn seen in the Great Recession, the buying frenzy from earlier in the pandemic is long gone.
Denton County Tax Assessor Collector will not seek re-election in 2024
Cross Timbers Gazette
Michelle French, Denton County Tax Assessor Collector, announced late Monday that she will not seek re-election at the end of her third term in office. French's term will conclude at the end of 2024. French, 60, has worked at the Denton County Tax Office for nearly 40 years in a variety of roles and was first elected to the office in November 2012.
Property tax reduction resurrection
The great American humorist Mark Twain was contacted by a journalist inquiring about rumors of his ill health and imminent demise. Twain famously quipped that “rumors of his death are greatly exaggerated.” In a similar vein, last week I bemoaned the loss of any real prospect of permanent property tax reform.
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