MISSOURI
Are 90% tax assessment hikes normal? Why Jackson County's valuations differ from others
Kansas City
On average, Jackson County officials said homeowners would see an average increase of 30% in values countywide, but many have seen much higher. Property valuations do not have a direct correlation to the property taxes someone will pay, since many taxing jurisdictions like cities and library systems need to take rising values into account when setting tax levies.
RHODE ISLAND
Tangible property tax bill is now law
valleybreeze.com
The legislation (2023-S 0928A), approved by the General Assembly June 15 and signed into law by Gov. Dan McKee late last week, exempts the first $50,000 of tangible property from the tangible personal property tax to help businesses – especially small businesses – statewide. The tangible personal property tax is paid by businesses on property, other than real estate, that has value by itself, such as computer equipment, furnishings and fixtures.
TEXAS
Harrison County appraisal district board hears concerns against new chief appraiser
marshallnewsmessenger.com
The Harrison Central Appraisal District Board convened Tuesday but took no action, at this time, regarding several grievances made against newly appointed chief appraiser Mark Alexander.
Tarrant County Republican chair announces run for tax assessor-collector position
Fort Worth Report
Rick Barnes, the Tarrant County Republican chair, announced June 28 that he will run to unseat fellow Republican Wendy Burgess as tax assessor-collector in 2024. His announcement comes after initial buzz that he would run for county commissioner in Precinct 3. Barnes said that, after much consideration, he decided to move over to the tax assessor-collector race.
Texas Legislature Revises Law Governing Public Facility Corporations
JDSupra
On June 18, 2023, HB 2071—the Texas legislature's solution to perceived abuses of property tax incentives related to Public Facility Corporations (PFCs)—took effect. The law amends Local Government Code Chapter 303, which provides local governmental entities a mechanism to address lack of affordable housing.
VERMONT
Burlington property tax rate pushed higher by 'tough budget'
Burlington Free Press
Burlington City Council approved a city budget of $101.1 million on Monday night, June 26, a 4% increase compared to last year. The budget was tight due mainly to inflation, and two out of the 12 councilors voted no over concerns about raising property taxes amidst inflation and high housing costs. Mayor Miro Weinberger said that in his 12 years as mayor, this year's budget was his most difficult to complete.
Comments
There are no comments for this post. Be the first and Add your Comment below.
Leave a Comment