County commissioners slash assessor's pay
Coeur d'Alene Press
Citing both a failure and an inability to perform the duties of his office, county commissioners made the unprecedented decision Wednesday night to cut Kootenai County Assessor Béla Kovacs' salary in half.
Ind. Department Store Properly Valued With Income Approach
An Indiana department store successfully established a lower property value, the state's tax review board said, as the store's appraiser presented a more convincing valuation than the county assessor.
Food for thought: Local farmers work hard to feed people, contend with complex tax structures
William “Billy” Griggs, of Billerica, owns 25 acres of family farmland founded by his father in 1943. David Dumaresq, of Dracut, locally known as “Farmer Dave,” produces more than 1 million pounds of food every year from 27 acres of farmland he bought in 2006, as well as farmland he leases in Tewksbury, Westford and Dracut.
Boone County Commission approves EquipmentShare Chapter 100 incentive
Columbia Daily Tribune
The Boone County Commission on Tuesday night unanimously approved EquipmentShare's Chapter 100 tax incentive application, making the Columbia-based equipment rental company the eighth business to receive approval. EquipmentShare is set to receive a 75% tax abatement over 10 years on a $120 million investment into new buildings to expand its corporate office site on Bull Run Drive.
NYC's gauging of commercial property values leads to inequities
Commercial properties are a critical part of New York City's property tax base. Revenue from these buildings make up nearly 40 percent of property tax revenue. A new fiscal brief from the city's Independent Budget Office (IBO) indicates that the city's method for gauging commercial property values leads to inequitable assessments and potentially lower tax revenues.
Texas housing market shows signs of cooling off
The Texas Tribune
After years of sharp rises in home prices and stiff competition to buy a home amid the COVID-19 pandemic, the Texas housing market is starting to cool off. Until recently, buyers competing for a limited supply of homes routinely had to pay more than the asking price and make offers on the spot. Now there are more homes for sale in Texas than at any time since fall 2020 — when the state's pandemic housing crunch kicked off in earnest.
In Denton County, a soap opera starring an unpopular chief appraiser under attack heats up
Dallas Morning News
If Denton County Chief Appraiser Hope McClure spent less time on self-promotion and more time meeting important property appraisal deadlines, she could probably keep her job. But of 61 governments she sets property appraisals for, 40 have rejected her proposed budget. Some have voted no confidence in her, too.
Appraisal District board approves $25.7 million budget
The Austin Bulldog
The board of Travis Central Appraisal District voted unanimously Thursday to approve a proposed FY 2023 budget of $25,683,866. That's up 12.72 percent over the FY 2022 budget of $22,786,110. The budget covers calendar year 2023 and will take effect January 1st.