Pasco County property values soar by nearly 15 percent
Pasco County officials got some good news this week when Property Appraiser Mike Wells shared his estimate that property values in the county rose by 14.9% over the past year.
ISU study: Property taxes are most likely state taxes to hamper open rate of startups
Iowa and South Dakota have the fourth greatest distortion in state tax rates, which impacts where businesses open. Iowa State University researchers published their findings in the journal Small Business Economics. Property taxes matter most, they found.
421a's end means it's time for real property-tax reform in NYC
For those who want to see New York City revive and thrive, the impending demise of the 421a housing-construction abatement, known by its section of state law, may seem like a blow.
Eastern Hills Mall owners, Clarence agree to reduced assessment that saves $2.4M in taxes
The owners of the struggling Eastern Hills Mall in Clarence will save more than $2.4 million in property taxes over 10 years, after reaching an agreement with the town, Erie County and the Clarence School District to lower the property taxes on the struggling mall while they work to redevelop it into a mixed-use town center.
City passes ordinance for property tax exemptions for low-income housing
Lincoln City Council approved Monday, May 23, an ordinance that establishes a program for property tax exemption for low-income housing providers. This ordinance amends the Lincoln City Municipal Code to establish and codify a Nonprofit Corporation Low-Income Housing Tax Exemption program to increase the supply of affordable housing.
Corporations Shift Their Property Tax Burden to the Poor and MIddle Class
Expensive properties—such as apartment buildings, warehouses, or home improvement centers—typically see property values increase by a smaller margin than the median value increase in a local community's revaluation year.
Is Austin's housing bubble bursting soon?
As Austin's median home price hit $640,000 in April, a Texas data analytics firm is predicting Austin's housing bubble will pop in three years. What goes up must come down, and hopefully, that saying applies to Austin's soaring home prices.
Ruiz Foods to get tax abatement
After months of work, the city of Denison recently approved a series of abatements aimed at assisting Ruiz Foods with its latest expansion at its Denison facility. The council recently agreed to abate 50 percent of the property taxes over the course of five years related to a $30.3 million upgrade to its facilities.