NATIONAL

15 US Cities Have Housing Markets Overvalued by More Than 50%
Route Fifty
Fifteen U.S. cities have housing markets overvalued by more than 50%, with four of those markets overvalued by more than 60%, according to the latest study from researchers at Florida Atlantic University and Florida International University.

FLORIDA

Property tax valuations go up on islands
SANIBEL-CAPTIVA
The Lee County Property Appraiser's Office released its estimated tax roll values on June 1, which indicate a 12.13 percent increase for the city of Sanibel and a 15.93 percent increase for Captiva as part of unincorporated Lee County. Early estimated valuations for the fire districts on the islands also rose.

Sarasota property tax values to increase by nearly 17% over 2021
Your Observer
When she started with the city of Sarasota Finance Department a dozen years ago, Kelly Strickland recalls the appraised tax values of residential and commercial properties in Sarasota were declining year over year.

OKLAHOMA

Oklahoma lawmakers tried to cut a costly incentive for data centers, but gave Google a break
Read Frontier
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.

TEXAS

Board of Realtors wants answers: Cease and desist letter sent to Hays CAD
Hays Free Press
The ABOR is investigating the HCAD use of unauthorized private real estate data. ABOR issued a cease-and-desist letter to the HCAD instructing the district to stop using MLS data from ACTRIS without proper authorization.

Despite market, protests resulting in reduced valuations for Comal County
herald-zeitung.com
Their anger next targeted the Comal Appraisal District, which assesses and certifies market and taxable values for 36 taxing jurisdictions in Comal and adjacent counties, where forecasted 2022 assessments are now projected to rise between 45% and 50%.

WASHINGTON

King County property tax hike for land conservation likely headed to voters after committee approval
The Seattle Times
A proposal to raise property taxes to fund preservation of forests, farmland, trails and rivers throughout King County is almost certainly headed to voters in November, following the unanimous approval of a Metropolitan King County Council committee Wednesday.