Colorado governor, lawmakers unveil plan to slash property taxes by $700M to head off business group's ballot measure
The Colorado Sun
Colorado property owners would get a $700 million break on their rising tax bills over the next two years under a plan unveiled Monday by Gov. Jared Polis and state lawmakers that's aimed at preventing a business group from pursuing an even larger reduction in November.
It's not just Illinois homeowners that suffer: Businesses pay some of the nation's highest property taxes too
We recently wrote about how Illinoisans are burdened by the nation's highest effective property taxes. New research by ATTOM ranked Illinois residential property tax rates as number one in 2021, just ahead of New Jersey.
Get ready for higher property tax bills: Monroe County assessments up by a record $1.9B
Home values in Monroe County have risen 15% in the past year, but some homeowners are seeing sharply higher increases, which will mean bigger property tax bills next year.
Mich. Salvation Army Camp Ruled Exempt From Property Tax
A camp belonging to the Salvation Army that includes the residence of a staff member is not subject to property tax, a judge on the Michigan Tax Tribunal ruled, because the...
Temporary Restraining Order Halts Assessment Model for Wind and Solar Projects Under Real Property Tax Law § 575-b
The lawsuit raises a number of arguments, including under the New York State Constitution, but focuses largely on the contention that DOTF failed to “substantially comply” with the New York State Administrative Procedure Act (“SAPA”).
Eric Adams Targets NYC's Empty Offices for New Day Cares
New York Mayor Eric Adams plans to use about $50 million to create a tax abatement and a tax credit program to increase the number of day care centers in the city and make care more affordable — hopefully getting parents back to the office alongside their babies.
Council approves tax exemption for luxury housing, saying its 'a better deal for taxpayers'
A subsidiary of Western & Southern Financial Group (Eagle Realty) plans to renovate the 50-year old building. "With the renovation, this property will...
Tenn. Home's Sinking Slab Sinks Valuation
A Tennessee property owner successfully argued that the assessment value of his home should be lowered based on its structural issues, a state administrative law judge ruled.