Two New York Counties Have Highest Tax Rates In Country
961 The Breeze
No one likes paying taxes. Especially more taxes than everyone else. Here in New York, we know that we pay some of the highest taxes in the country and there are some places you will definitely want to avoid living due to high property tax rates.
Amazon Closes, Abandons Plans for Dozens of Warehouses Across the US
Amazon.com Inc., determined to reduce the size of its sprawling delivery operation amid slowing sales growth, has abandoned dozens of existing and planned facilities around the US, according to a closely watched consulting firm.
10 States With the Lowest Property Taxes
For homeowners, property taxes are a fact of life. Whether your home is paid off or not, you will need to pay to your state and local municipality. The amount you pay is determined in a property tax assessment, and the U.S. average taxation rate is 1.10%.
Tax assessment doxxing weaponized: Borough assessors target Rep. McCabe's home based on 'reporter's complaint'
Must Read Alaska
A complaint filed with the Mat-Su Borough's Assessment Office led to two property assessors showing up at the home of Rep. Kevin McCabe on Friday. They were there to do an inspection and reassessment because someone they would only identify as a “reporter” had made a complaint that McCabe's property wasn't assessed high enough.
San Francisco responds to Ritz-Carlton tax lawsuit
San Francisco Business Times
The city of San Francisco has denied wrongdoing in an ongoing lawsuit brought by the owner of the Ritz-Carlton San Francisco hotel, which sued in 2020 alleging it was overcharged more than $200,000 in property taxes.
DISTRICT OF COLUMBIA
District of Columbia Tax Changes Take Effect October 1, 2022, for Real Property, Individual Income and Franchise Taxes
The District of Columbia Office of Tax and Revenue (OTR) reminds taxpayers, tax professionals, software providers, businesses and others about tax changes that were enacted in the Fiscal Year 2023 Budget Support Emergency Amendment Act of 2022.
Winnebago County property values hit highest mark ever, and bigger tax bills could follow
Rock River Current
The countywide equalized assessed value of property this year is more than $5.8 billion, nearly $3 million more than the previous record in 2009, according to the Winnebago County Supervisor of Assessments Office.
Chicago's Property Taxes, Pay Hikes Face Inflation Squeeze
Mayor Lori Lightfoot set out early in her first term to chart a path to ease the financial and political turmoil that confronts mayors who try to increase Chicagoans' property taxes, especially in election years.
Louisiana Appeals Court Upholds Pipeline, Well Tax Assessment
Perdido Energy Louisiana LLC failed to convince a Louisiana appeals court that the value of its oil and gas producing property should have been reduced because some of the equipment has become obsolete.
Impact of vacation rentals on housing stock pales in comparison to that of second homes
The total number of vacation rentals is approximately 420, which equates to just over 4 percent of the overall housing units. Meanwhile, the total number of second homes and seasonal cabins in Cook County is 7,616, which equates to nearly 73 percent of the housing stock.
Tax breaks for solar farm? Brunswick says 'no'
Town Supervisor Phil Herrington is fighting the Rensselaer County Industrial Development Agency's first-time ever consideration of tax break awards to a solar farm -- in a town where there are a number of solar proposals pending.
Cops arrest NYC assessor with Staten Island ties in overnight melee
A New York City assessor with strong Staten Island ties was arrested late Saturday night in connection with a fight in Manhattan that left an “unintended” victim with injuries, according to police and law enforcement sources.
Manhattan office leasing in August hit highest level since before pandemic: CBRE
New York Post
In the weeks before the Labor Day weekend, COVID testing sites in the heart of Midtown's great corporate corridors — Sixth, Park and Third avenues — had scarcely any visitors. So few people showed up to be tested that some of the little tents were abandoned even by the nose-swabbers.
Judge's decision could give property tax relief to 11,000 Allegheny County homeowners
A judge's decision will give property tax relief to thousands of homeowners in Allegheny County and could soon do the same for tens of thousands more. It could be a boon to homeowners and a bane to school districts and local governments.
Fort Worth school district hit with $2 ‘Robin Hood' payment
Fort Worth Star-Telegram
The process is part of the state's “Robin Hood” school finance system in which the state takes money from districts in areas with high property values and redistributes it to those in areas with low property values. The taxable value in the district increased by about 10% this year, pushing the district into this category for the first time.
Tax reform debate in West Virginia heating up again
Weirton Daily Times
With many of West Virginia's business leaders under one roof this week, the debate on the best approach to tax reform in the state took center stage with Gov. Jim Justice and Senate President Craig Blair pitching competing plans.
Walmart files suit to lower taxes at Superior location
Walmart Real Estate Business Trust, based in Bentonville, Arkansas, has filed suit against the city of Superior over the assessed value of the Walmart property, again. The retailer is seeking to drop the assessed value of the property from $12.1 million to $7.1 million for 2022.
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