Existing Home Sales Dive in July to 2-Year Low As Housing Market Cools
Sales of previously owned homes slid for a sixth straight month in July to a seasonally adjusted annual rate of 4.81 million units, the National Association of Realtors said Thursday. That's down 5.9% from June's pace and 20.2% from the year-ago rate. It also marks the slowest rate of sales since May 2020.
Florida Supreme Court to Review City Golf Course's Tax Exemption
The Florida Supreme Court will review the tax-exempt status of a city-owned golf course that lost its exemption after a private company took over management responsibilities. The Supreme Court accepted jurisdiction Thursday following an appeal by the City of Gulf Breeze, which owns Tiger Point Golf Club.
Proposed rules would force Louisiana assessors' hands on pending tax breaks
The Louisiana Tax Commission met Wednesday to consider new rules for how tax assessors should treat large commercial properties with pending tax exemptions. The dilemma has prevented local governments from collecting millions in tax revenue.
Vicente Gonzalez defied property tax law by claiming 2 homestead exemptions
The Texas Tribune
U.S. Rep. Vicente Gonzalez, D-McAllen, and his wife ran afoul of property tax law for at least eight years as each claimed homestead exemptions on properties they separately owned. They fixed the issue last year, when his wife, Lorena Saenz Gonzalez, removed the homestead exemption on her property.
Airport business owners decry potential contract
Uvalde Leader News
Three airport business owners voiced concerns about potential job loss, conflict of interest, and the threat of an excessive tax burden, prompting Uvalde County Appraisal District directors to postpone contracting with Aviation Capital Partners, which specializes in aircraft tax recovery.
Real Estate Assessments In Record # Of Appeals
Falls Church News Press
This February, the City of Falls Church's real estate assessor, Erwving Bailey, announced new real estate assessments, revealing a whopping 11.4 percent jump for local property owners. Due to the shock of this increase, and the higher tax bills that they led to, many citizens appealed the bills they received. Indeed, it is a record number.