San Francisco Building Shows Covid's Complex Impact on Property Taxes
Major stock indexes finished Tuesday lower as debt -eiling talks in Washington have yet to provide a resolution. The losses extended in afternoon trading, with the Dow industrials ending down more than 200 points. Read today's full markets roundup here.
Chicago's commercial ‘doom-loop' could result in a property tax hike on homeowners as large as 22%
The potential of Chicago entering a “doom loop” – that's when “workers don't return, offices remain empty, restaurants shutter, transit agencies go bankrupt, tax bases plummet, public services disappear” – is finally getting the attention it deserves. San Francisco is the canary in the coal mine, but Chicago has issues of its own, which we've written about here and here.
Long Beach passes budget raising property taxes nearly 10%
The Long Beach City Council passed a $102.1 million budget Tuesday that will raise residential property taxes nearly 10%, an annual increase of about $462 on the average homeowner.
Over 165,000 property value protests sent to Travis Central Appraisal District
Property tax protest season is underway in Travis County, and the Travis Central Appraisal District is going through thousands of protests that property owners sent in for their 2023 appraisals. Marya Crigler, TCAD's chief appraiser, said the district is currently processing about 165,000 protests, which is on par with TCAD's protest numbers last year.
Report addresses Milwaukee pastors' 'tax and take' concerns
A year and a half ago, Milwaukee pastors crowded into a City Hall meeting room to raise alarms about a city process they said could cost them thousands of dollars or lead to the loss of their churches to city tax foreclosure. The controversy in late 2021 brought civil rights leader the Rev. Jesse Jackson to a rally inside City Hall, where he joined a coalition of churches, pastors and other religious groups from across Milwaukee and the Midwest.
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