Existing Home Sales Tumble Again In June As Prices Set A Record High
Existing home sales dropped for the fifth straight month in June, according to the National Association of Realtors. Three out of four major U.S. regions experienced month-over-month sales declines and one region held steady. Year-over-year sales sank in all four regions.
Miami-Dade commission approves lower tax rates in 2023
Miami-Dade County commissioners on Tuesday endorsed rate cuts on four property taxes for the first time in 10 years, voting to set a rate ceiling that's 1% lower than current levels. “I am not ready to tell the residents of Miami-Dade County that they are going to pay a lot more in property taxes this year,” Commissioner Rebeca Sosa said.
Jacksonville Mayor Curry will propose property tax rate cut
As Jacksonville residents struggle to keep up with the nation's highest inflation in 40 years, Jacksonville Mayor Lenny Curry will propose a cut in the city's property tax rate when he delivers his budget to City Council on Thursday.
Japanese firm shifts copper foil plans from SC to Georgia
A Japanese company announced plans Wednesday for a $150 million plant to make copper foil for electric vehicle batteries in Augusta, Georgia, instead of at its previously announced location near an existing Camden, South Carolina, facility.
Cd'A considering property tax hike
Coeur d'Alene Press
The City Council in a 5-1 vote agreed to consider a 3% property tax increase, and set the proposed 2022-23 budget at no higher than $123 million during a workshop on Tuesday. It was a detailed, 50-minute presentation of city revenues and expenses that included math formulas and explanations of property taxes, levy rates and taxable valuations.
Chicago residents could see property taxes quadruple
Chicago property owners could see a massive spike in property taxes in 2023 after Mayor Lori Lightfoot linked property tax rates to inflation. She says her administration is looking for a fix.
City grants 20-year tax abatement to Meridiam for high speed internet infrastructure
The Republic News
City officials have granted a major tax deduction to a company that promises to provide high-speed internet infrastructure to most of Columbus. Columbus City Council has approved a 20-year personal property tax abatement for Hoosier Networks LLC.
Mass. ranks in top 10 for collection of property tax revenue
Real Estate Boston
Massachusetts has the ninth highest property tax collection rate in the United States, according to a review of US Census Bureau data by Porch, an online service that connects owners with home improvement professionals. But its five other New England neighbors ranked higher on the list.
Judge's decision may put an end to 'newcomer tax' in Allegheny County
Allegheny County Common Pleas Judge Alan Hertzberg struck a blow Tuesday to the "newcomer tax," local school districts appealing the assessments on new home sales to reap higher property taxes. The decision could reduce the tax bill for thousands of new homebuyers.
Rhode Island limits solar power property taxes
pv magazine USA
The Rhode Island state legislature has said that land values may no longer be increased due to the presence of renewable assets. There was a bit of a dance to get the amendment passed, according to the local press.
Winchester settles on 20 percent property tax increase
Winchester property owners are facing a tax increase, but it won't be as much as the City Council was initially considering. The council had approved a 33.3 percent property tax increase at its June 14 meeting but adjusted the amount to a 20 percent increase in a second and final vote on July 12.
Georgetown gets new solar roof company with $3.24 million in incentives
Austin American Statesman
Georgetown has attracted a new solar roof business with the help of a $3.24 million incentive package that includes property tax abatements and job credits. GAF Energy, a Standard Industries company, has begun building a 450,000-square-foot facility on the southeast corner of Interstate 35 and Southeast Inner Loop...
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