Nonprofit hospitals' tax breaks should focus on true community aid
Nonprofit hospitals in the U.S. are exempt from most taxes. To earn this status, they are supposed to engage in activities that benefit their communities, such as providing free care to uninsured people or programs to improve neighborhood health. For many, though, their real community contributions fall far short of the tax breaks they receive.
Property Taxes Are 18.9% Of New York State's Tax Revenue, 11th Highest in U.S.
Despite many economic experts' worst fears early in the COVID-19 pandemic, state and local government budgets have proven resilient over the last two years. With much of the economy shut down or hobbled as a result of the pandemic, forecasters initially worried that states and localities would collect substantially lower amounts of sales and income tax and face major budget shortfalls as a result.
Taxable Values Surge at Highest Pace in 16 Years, Setting Up Windfall for Government
Taxable values in Flagler County rose 18 percent in 2021, higher than initially estimated two months ago. Values rose nearly 20 percent in Palm Coast, 14.5 percent in Flagler Beach and 22 percent in Bunnell. The school board's taxable values increased by 25 percent.
Muscogee County employee arrested for theft of over $10,000 in property tax payments
A Muscogee County employee is arrested following a theft investigation by the Muscogee County Sheriff's Office. Ayoina Shipp was arrested on July 7 and charged with felony theft by conversion.
Cook County assessor's worker accused of accepting favors in exchange for help to lower tax bills
An official in the Cook County Assessor's Office has been charged with taking personal favors in exchange for helping people get lower tax bills, the U.S. Attorney's Office said. The official, Lavdim Memisovski, is accused of accepting home improvements, jewelry and sports tickets.
Over a third of general tax revenue in New Hampshire comes from property taxes
Property tax collections across the states show these differences in action. At the low end, only 6.9% of general tax revenue collected in Alabama comes from property tax, while at the high end, property tax is 36.5% of general tax revenue in New Hampshire.
Jersey City mails property tax bills again, this time with mayor's message on tax hike: Don't blame me
Jersey City homeowners experienced déjà vu this week when they received a second copy of their quarterly property tax bill, a mailing that included a note from Mayor Steve Fulop absolving himself from responsibility for the tax increase.
NYC office buildings generate millions in property tax revenue
Crain's New York Business
Data from Department of Finance, PropertyShark, Crain's analysis The buildings that pay the most property taxes are largely in Midtown. The 50 highest property tax-paying office buildings in New...
Ohio Tax Panel Rules Against Cabela's in Assessment Fight
An Ohio Cabela's store should be valued at $13.8 million, higher than the company's claimed value, the Ohio Board Of Tax Appeals ruled. The panel sided with the Lorain County Board of Revision against Cole Cab Portfolio LLC, which filed the appeal, on determining the value of property owned by the outdoor retailer.
Nashville property tax increase grew faster than the rest of the country
According to a market intelligence researcher with ATTOM, nationwide data obtained from 2020 to 2021 shows Nashville had the highest increase in property tax values of any other city.
Texas collects 5th highest percentage of property tax revenue in US, report finds
Using data from the Institute on Taxation and Economic Policy that include property, income, and sales tax numbers, lower-income Texans pay way more in taxes than not just Californians in the same tax bracket, but more than the top 20 percent of earners in the state.
Utah ranks 12th lowest in property tax revenue, nearly 12% of Utah tax revenue
Falling in line are taxes generated from individual income (12.9%) and sales taxes (12.5%), while the leading revenue source comes from intergovernmental funds (22%), which are made up of funds transferred most commonly from federal to state or local government through grants, loans, etc.
International Paper Tax Break Challenged at Virginia High Court
International Paper Inc. shouldn't have received a $7.6 million windfall in its challenge to a machinery and tools tax increase, Isle of Wight County told the Virginia Supreme Court.
City Settles with Walmart
Door County Pulse
After meeting in closed session for about 30 minutes Tuesday, the Sturgeon Bay Common Council approved a settlement agreement with Walmart to resolve a dispute the company had with the city over its assessment of three parcels along Egg Harbor Road for property-tax years 2021 and 2022.
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