These U.S. metros saw greatest property tax jump in 2021: study
While the total tax burden may sound large, the percent increase wasn't, according to ATTOM, a real estate data company. In fact, it was the second smallest increase over the past five years – from 2019 to 2020, for example, the increase was 5.4%.
Bill exempting taxes on tribal land would harm Ledyard, Montville, opponents say
Proposed legislation that would keep towns from taxing personal property on tribal land would cost Ledyard and Montville hundreds of thousands of dollars a year and could put one of the region's casino-owning tribes at a distinct competitive disadvantage, opponents of the bill say.
Avilla approves tax break for solar company
The News Sun
The Avilla Town Council approved two tax abatements for the solar manufacturing company, which does business under the names Lake Light, Ultra Bright Tech and Lake Lifter at Wednesday night's meeting. The tax breaks are for 10 years for constructing a new building and five years for investing in new equipment.
Four Downriver communities record sharpest rise in property tax values
Property tax values in Wayne County have returned to a level not seen since their historic peak in 2007, with four Downriver communities experiencing a double-digit increase in state equalized value.
$3 million tax break given to manufacturer relocating to Muskegon County
A property tax break totaling an estimated $3 million over the next 12 years has been approved for a manufacturer moving from Spring Lake to Norton Shores.
Minn. Bill Seeks To Cap Property Valuation Increases
Minnesota would cap annual increases in residential property valuations under a bill introduced in the state House of Representatives.
Kansas City board rejects subsidies for River Market apartments
The Kansas City Star
A Kansas City incentive board rejected a subsidy requested for a proposed River Market apartment development that city officials have been working to bring to life for years.
City approves tax abatement for hotel, hospital projects
Commissioners approved two tax abatements during their April 19 meeting. The first to the developers of The Gibson who are remodeling the former Greystone Inn and the second to the Great Falls Clinic for their hospital addition.
Storey County renewable energy project gets tax abatement
Citadel Solar in Storey County is anticipated to invest $61 million in Nevada along with creating 96 construction jobs and six operational jobs as a result of a $13 million abatement from the Nevada Governor's Office of Energy.
Syracuse area has one of highest property tax rates in the U.S.: See how bad it is
The Syracuse metro area has the third-highest effective property tax rate in the nation, according to a new report from ATTOM, a real estate data firm.
Ore. Tax Court Denies Lower Restaurant Valuation
An Oregon restaurant owner's argument that a downturn in the local industry should merit a lower property valuation for the restaurant was denied by the state's tax court.
Assessor continues to display incompetence
Arrasmith will get the cost-of living raise, but after his pay grade is reduced, he will see a net decrease of $1,081.60. That's a slap on the wrist, but Arrasmith is an elected official who answers only to the voters. The county has no power to remove him.
'Not going to be bowled over': Tax appeals abound, challenged by governmental agencies seeking the revenue
It's their right to do so, but it's also a good bet that governmental agencies funded by property tax dollars will defend against revenue losses from tax assessment appeals.
Bally's Tiverton RI Casino asks town for tax value depreciation
Newport Daily News
Bally's Tiverton Casino and Hotel is asking the town to lower its recently reassessed property value, saying COVID-19 restrictions decreased the casino's value to below what the Tax Assessor's Office has claimed it to be.
Property values in Rutherford County saw a median increase of 44% between 2018 and 2022 - More million-dollar homes for sale in Rutherford County
The analysis found the median property value for the homes that sold at one-million-dollars or more was a little over $1.3-million. The median income for million-dollar home buyers in Tennessee was $350,000 annually in 2020.
As protests are sure to rise, DCAD's chief appraiser says department is vastly understaffed
Appraisal season is in full swing, and as county homeowners face another year of skyrocketing valuations, Denton Central Appraisal District Chief Appraiser Hope McClure says the agency is heavily relying on technology because staffing “cannot keep up with the rapid growth that Denton County is experiencing.”
Why cutting Texans' property taxes is so financially and politically hard
As Texas' exploding real estate market dramatically drives up home values, homeowners are getting sticker shock after receiving notice of their properties' new appraised values — which help determine how much they pay in property taxes.
Texas Lawmakers Talk Appraisal Caps as Home Values Swell
As Texas homeowners reel from skyrocketing appraisal values, state lawmakers on Thursday floated ideas to curb their tax bills by using surplus state funds and further restricting the annual growth of a home's taxable value.
Appraisal animosity fuels push to increase homestead exemptions in San Antonio
A stalled effort to reduce San Antonio property taxes through increased homestead exemptions suddenly has the wind at its back, as massive increases in home values propel the issue.
Locals taking out loans to pay for high property taxes
With property taxes skyrocketing, people are desperate to pay them and are resorting to means that could lead them into major debt. Like many people around the state, San Antonio homeowner Esperanza Carrasco is finding it harder and harder every year to pay her property taxes.
District: Potter-Randall counties' owners will see average of 25% property value increases
The appraisal district is required by law to appraise property at 100 percent of market value as of January 1 of the current year. Market value is the amount at which properties sell for on the open market.
Harrison County homeowners to see 18% jump in appraised values
Marshall News Messenger
The Texas Legislature requires appraisal districts to appraise homes at 100 percent of market value. They're given a 95 to 105 percent threshold. “The...
Home Values In Hays County Rise By 47%
San Marcos Daily Record
Home values in Hays County have risen by nearly 50% amid limited inventory, according to the Hays Central Appraisal District. A new development in San Marcos off McCarty Lane...
Summit County grants reprieve for some nonprofits facing ‘death penalty' of tax bills
One of the benefits afforded to charities, churches and other nonprofits is that they don't have to pay taxes on their land. Most have to apply annually, however, to keep that tax exempt status intact.
There are no comments for this post. Be the first and Add your Comment below.
Leave a Comment