NATIONAL
Over Half a Million US Coastal Properties Could be Underwater Soon New Research Finds
Impakter
Water — not only is it not accessible enough to millions of Americans, but new research now states soon there will be too much. The latest research conducted by nonprofit group Climate Central reveals a troubling future for the United States as it shows rising sea levels will lead to many coastal homes slipping below tidal lines over the next decades.
Where Do People Pay the Most in Property Taxes?
Tax Foundation
Property taxes are the primary tool for financing local government and generating state-level revenue in some states as well. In fiscal year 2020, property taxes comprised 32.2 percent of total state and local tax collections in the United States, more than any other source of tax revenue.
IOWA
Millions are on the line for school districts in Tuesday's special election
Our Quad Cities
The Bettendorf Community School District is asking voters to renew its Physical Plant and Equipment Levy (PPEL), a fund that raises roughly $2.3 million for the district each year, while the North Scott Community School District is asking voters to give the OK to issue $25 million in bonds for future projects.
NEW YORK
Manhattan home sales plunged nearly 40% as mortgage rates surged: analysis
New York Post
Manhattan was among the many markets impacted by a slowdown in the US housing market over the summer, according to a recent analysis. Overall, the number of Manhattan homes in contract plunged a whopping 39% year-over-year, according to data from June through August compiled by brokerage firm Serhant.
OHIO
Ohioans pay some of the highest property taxes in USA
The Center Square
Ohioans pay some of the highest property taxes in the country, above each of its neighboring states and significantly higher than three of its neighboring states. Ohioans pay 1.58% of their housing value in property taxes based on 2020 data, according to a recent report from the Tax Foundation, an independent tax policy nonprofit organization.
TEXAS
Republican Harris County commissioners skip tax vote again
Houston Chronicle
On a 3-2 vote, the court last week proposed the overall tax rate for the county — comprising four rates covering county operations, the Harris Health system, the flood control district and the Port...
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