San Francisco Braces for Epic Commercial Real Estate Crash
The San Francisco Standard
Imagine a slow-moving train coming towards you. The lights are shining, the horn is blaring, but it's just far enough in the distance that the risk doesn't seem real just yet. That's a fitting-enough analogy for the state of San Francisco's commercial real estate market, which is tilting towards a collapse in property values, leaving the city, its budget and its ability to provide services tied to the tracks.
Hillsborough voters deny property tax increase for schools, Pasco voters approve theirs
Usually, when voters are asked to pass referendums to fund schools, it's a recipe for success. But that wasn't the case for Hillsborough County, where voters in the state's third largest district turned down a property tax increase.
Steaming housing market yields high property tax bill for metro Atlanta homeowners
Atlanta's housing market is still hot, and that doesn't just impact people looking to buy, but people who already own. Many owners have just received their tax bills, and some might have sticker shock. Robert Haynes, 61, lives in the Brookwood Park neighborhood, off Old Norcross Tucker Road. His bill arrived Monday for more than $3,550.
Big tech's struggles threaten tax breaks that propped up NYC offices
In the heyday of ping pong and free lattes in the workplace, many of the city's fastest-growing startups paid for their high-priced office space with help from the state in the name of economic development.
Commissioners approve tax abatement on luxury apartments in Palmyra
Lebanon County Commissioners on Thursday approved a 10-year LERTA tax abatement for a planned 92-unit luxury apartment building in Palmyra. The abatement means Philadelphia-based Ventura Real Estate Holdings will not have to pay any property taxes for seven years.
Vulnerable Texas Democrat double dipped on property tax exemption for at least 8 years
A vulnerable House Democrat in Texas double-dipped on a property tax exemption for at least eight years. From 2014 to 2021, Democrat Rep. Vicente Gonzalez of Texas and his wife skirted around Texas property tax laws by both claiming a homestead exemption on two properties they separately owned, the Texas Tribune first reported.
Fort Worth property taxes are going up. One city council member is fighting back
Fort Worth Star-Telegram
The vote on Fort Worth's property tax rate isn't until the end of September, but council member Alan Blaylock is pushing for a rate much lower than the one proposed by city staff. Blaylock wants the city to adopt a “no-new-revenue tax rate,” which would generate the same revenue in 2023 from properties that were on the tax rolls in 2022.