Taxing churches: Religious institutions in Iqaluit no longer exempt from property tax
Following the discovery of unmarked graves at former residential school sites and ahead of Pope Francis' visit to Nunavut's capital on Friday, the City of Iqaluit has passed a bylaw that could require churches to begin paying property taxes.
Cities Where Apartment Rents Have Dropped the Most
In NYC, which set a new national record for 1-BR average monthly rents in June at $5,812, YoY rents have risen by 41%, while the second most-expensive place to rent—across the Hudson River in Jersey City, where average monthly 1-BR rents topped out at $4,421 last month—the year-over-year increase has been more than 51%.
LA County Property Assessment Sees Record Jump of Nearly 7%
The value of all assessed properties in Los Angeles County jumped by a record 6.95% this year, reaching a combined value of $1.89 trillion, the county Assessor's Office announced Tuesday. It's the 12 consecutive year of increases in the tax roll, with this year's total up $122 billion from last year's overall assessment of $1.76 trillion.
Broward school officials push for property tax referendum approval
Broward County school district officials held a news conference Tuesday in a push to get a new property tax referendum approved by voters in August's primary election. The proposed one mill increase has been dubbed the “Secure the Next Generation” renewal. It would replace the current half-mill referendum that's soon to expire.
$175 million public safety bond will raise property taxes in Lansing, if passed in November
If the $175 million Public Safety Bond Lansing voters will be deciding on in November passes, the old McLaren parking lot on S. Washington Avenue could be turned into headquarters for the police and fire departments, as well as a 54-A District Court -- but there's a catch.
Detroit City Council OKs $60 million tax break for Hudson's site project
The Detroit News
Council acted in its last session before recessing until Sept. 5 after the developer said it will make seven amendments to enhance its commitment to Detroit-based small businesses and community-based projects.
Changes to Ohio Real Property Tax Valuation Challenges
Ice Miller LLP
Ohio passed H.B. 126, effective on July 21, 2022. This new law changes the procedures for school boards to file appeals and counterclaims to challenge property tax valuations. Many of the changes set forth below will be seen in tax year 2022, for upcoming matters in calendar year 2023.
Amid growing ‘Robin Hood' payments, property-rich Texas schools want state relief
The Dallas Morning News
Local school districts who pay into the system, formally known as recapture, say their swelling bills could impact how their schools operate as inflation rises and they juggle costly needs like security and technology upgrades, as well as the high price of catching students up amid an ongoing pandemic.
Red River tax evaluations up by about 21%
Red River County Tax Assessor-Collector Tonya Martin delivered the county's property taxable value for fiscal 2022-23 to the commissioners at Monday's meeting, noting it was $173,000,000 higher than last year's value.