Luxury Home Sales Sink 18% In Biggest Drop Since Start Of The Pandemic
Sales of luxury U.S. homes fell 17.8% year over year during the three months ending April 30, the largest drop since the onset of the coronavirus pandemic sent shockwaves through the housing market.
Arkup floating mansion wins legal fight over property taxes
The property appraiser's office on Thursday agreed to drop its effort to declare the Arkup #1, a gleaming rectangle-shaped houseboat anchored off Miami Beach's exclusive Star Island, a “floating structure.” That means the boat's owner won't have to shell out a tax bill of nearly $120,000.
Bombshell indictments may change how St. Louis handles incentives, land sales
In January 2020, Alderman John Collins-Muhammad met with a local businessman who wanted a property tax break for a gas station he planned to build off an Interstate 70 ramp in north St. Louis.
Kennedy Dancers in legal fight over non-profit status
The Dancers have been a nonprofit since 1979 for more than four decades, but say that they've been targeted by the city's tax assessor, Eduardo Toloza, for no reason that they've been told. They have filed a lawsuit in the New Jersey Tax Court to contest two memorandums of judgment for their two properties.
The Frontier: Oklahoma lawmakers tried to cut a costly incentive for data centers, but gave Google a break
Lawmakers tried to rein in a business tax break that has cost the state hundreds of millions of dollars. But one of the largest companies in the world can still reap benefits for years to come thanks to an exception written into state law for its sprawling operations in rural Oklahoma.
Taxable values up 36% in Henderson County
New properties in Henderson County and increased appraised values have raised the taxable amount by 36.6% this year, Henderson County Appraisal District Chief Appraiser Bill Jackson said. "The market is really strong," Jackson said. "We went from $6.9 million to $9.5 million in taxable value."
Mass protests, shocked homeowners: A look at Bexar County's surging tax bills and the pushback
Thousands of homeowners were faced with an average increase of 28% on their property values, a jump that Bexar County's chief Appraiser Michael Amezquita told the Express-News in April was unprecedented in his 41 years doing appraisal work, saying "San Antonio never moved like this."
Lincoln County assessor resigns from office following recent arrests
The assessor in Lincoln County, arrested twice in the past several months, including recently when court records said he was found impaired in his office, has resigned. County commissioners accepted the resignation Thursday of Assessor Jereme Browning, 39, a spokesperson in the commission's office said Friday.