Delaware seniors get $100 increase in property tax credit
A popular Delaware property tax credit for senior citizens has been restored to a maximum of $500, at least for one year. That's what the break was before Gov. John Carney's new administration cut it to $400 upon taking office five years ago during a state budget shortfall. But the boost falls far short of a legislative proposal to raise it to $750.
Ind. Tax Court Says Board Overvalues Biz's Property
The valuation of an Indiana convenience store and gas station must be reduced because assessors couldn't show they did not include personal property in their analysis of comparable sales, a judge...
Town explores higher tax burden for commercial landowners
Daily Times Chronicle
The Reading Select Board heard a proposal Tuesday from Town Assessor Victor Santaniello to follow the lead of surrounding communities and shift more of the tax burden to businesses. It was part proposal, part informal discussion, all leading to the formal tax classification vote in October.
Detroit officials delay vote on $60 million tax break for Hudson redevelopment
WDET 101.9 FM
The decision to give more tax breaks to Dan Gilbert's downtown skyscraper is still up in the air. Detroit City Council is postponing its vote to approve $60 million in tax abatements for the delayed Hudson's site project.
Board of Supervisors: County approves 25% abatement for ESCO
Newton County Appeal
The Newton Board of Supervisors have approved a new tax abatement for ESCO Corporation a division of Weir after it recently completed an $18.8 million investment. According to Newt Ishee, ESCO has hired 78 new employees, bringing its total number of employee to 306 employees.
Berlin property valuations well below market rate
The city is about to begin a property revaluation, the result of a state demand after a scandal involving the city's assessors and the white-hot property market. Mayor Paul Grenier said Wednesday some property owners may pay higher taxes if their valuations go up. The cost of the revaluation will be around $250,000.
NJ property tax relief plan expanded, some homeowners could get $1,500
Gov. Phil Murphy said Wednesday that he will pour more money into a program to give property tax relief to more than 2 million New Jersey households after state tax revenues came in about $7 billion higher than projected.
The property tax system is broken
Wyoming's property tax system is deeply flawed. The recent burden that rapidly rising home values placed on residents illustrated those flaws. Rising home values mean steep property tax increases for everyone who owns real estate, including elderly homeowners on fixed incomes.
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