#property-taxes

#property-taxes

AUSTIN, Texas Austin Energy was still dealing with some remaining outages on Tuesday.In North Austin, cleanup continues a week after the ice storm came through, with some still without power."We have been without power since last Wednesday," Austin resident Aubrey Berkowitz said.Berkowitz said it's been frustrating, and the outage has impacted his marketing business over the past week.

The Oakland A's bid to have their public financing package plan heard in the Nevada Legislature has gone into extra innings and will be discussed Wednesday morning.Nevada Gov. Joe Lombardo issued a proclamation late Tuesday night calling state officials for a second consecutive special session, this time to discuss a potential $380 million public financing package to help fund a Las Vegas stadium project for the A's, who are seeking to leave Oakland after 55 years.

Hitting a rough patch financially can happen to anyone.And sometimes that might mean you can no longer pay your mortgage and you default on your loan.If that happens, you will likely face foreclosure.As your home is used for collateral on the loan, the bank will repossess your house and sell it to make up the balance of the mortgage.

Gov. J.B. Pritzker and state lawmakers have recently been trumpeting the great financial shape of Illinois.Balderdash.And they know it.There will almost certainly be state tax increases by 2025.As a longtime student of Illinois budgets, I'll explain why, what should be done and what likely will be done.

Since the Chicago Bears hit a financial roadblock in their proposed move to Arlington Heights, other municipalities have been vying in a sort of roulette to attract - or in Chicago's case, keep - the team.Naperville, Rockford, Chicago and, most recently, Waukegan have placed themselves in the running to land the white whale of the NFL - though some officials concede the team may be using them for leverage in negotiations with Arlington Heights.

Workers began demolition Tuesday on the inside of the former Arlington International Racecourse, another nail in the coffin of the storied horse track, and a step toward a potential new stadium for the Chicago Bears.A backhoe, other heavy construction equipment and workers were seen outside the grand edifice, which won architectural honors and held up to 32,000 fans for nationally known races before being closed by Churchill Downs Inc. in 2021.

Marking a significant step in the Chicago Bears' proposal to move to Arlington Heights, the team Wednesday filed paperwork to begin demolition of Arlington International Racecourse.The team said the first phase would begin with gutting the interior of the grandstand, and any exterior demolition would come later.

Buying a home in an area where property taxes are high can add a substantial amount to your monthly outlay.Unfortunately, taxes aren't going away, but remember, they're often the largest source of funding for schools, roads and infrastructure, garbage collection, law enforcement and other services we expect.

Good morning.It's Monday.We'll look at fare evasion in the subways.We'll see how the favorites did at the Tony Awards, and we'll get details on a deal for a movie studio at Pier 94.The question is, is it good for the city?Image Credit...Dakota Santiago for The New York Times If today is just another Monday in New York, about 700,000 passengers will ride buses without paying the fare.

Like the tongue of a snake, Long Island's eastern edge splits into two distinct tines.To the south lies the cluster of affluent villages known as the Hamptons.To the north is a bucolic strip of farmland that prides itself on its blue-collar roots.The lines are blurring in recent years, drawn anew by an influx of new residents who fled Manhattan during Covid and never returned.

The Bears still plan to move out of Soldier Field in Chicago and build a new stadium in the suburbs, but they might no longer do it in Arlington Heights after a sharp increase to the taxes on the property they bought there.In a statement released today, the Bears said that Cook County has assessed its property taxes at a level that the team sees as too high.

Question: We are getting ready to sell our deceased uncle's Silicon Valley house.The sale of the home's contents and vehicles is complete.My cousin, a co-successor trustee, claims that presale seller inspections are a waste of money.He bluntly ended the group email to relatives, If homebuyers want realty inspectors, let them pay for them.

Local school districts and the former owner of Arlington International Racecourse have agreed on how large the property tax bill payable this year should be, but negotiations with the new owners - The Chicago Bears Football Club - for future tax years and payments are still ongoing.Former racetrack owner Churchill Downs Inc. will pay $7.9 million in property taxes this year, up from the $2.7 million it paid before closing the track in 2021.

The Chicago Bears took another step toward a potential new stadium at the Arlington International Racecourse site when the village of Arlington Heights on Friday issued for interior demolition of the grandstand, office and jockey building at the racetrack.Arlington Heights spokesperson Avis Meade confirmed that the village had approved plans for the first phase of demolition at the old racetrack, marking another move toward a $5 billion NFL stadium and accompanying mixed-use residential, commercial and entertainment district the team has proposed to build on the 326-acre racetrack in Arlington Heights.

Photo by Jessie Curneal/ KUT
Wednesday, May 31, 2023 by Nathan Bernier, KUT
Austin's light-rail ambitions are barreling ahead after narrowly escaping the clutches of Texas lawmakers determined to rein in the multibillion-dollar transit expansion.But the voter-approved plan, known as Project Connect, must still navigate a tricky track laden with potential legal and political hazards.

Last year marked the first time that more than half of investors in newly-completed Greater Toronto Area condos were losing money on their rental properties and authors of the report that reached that conclusion expect the trend to persist.The research from the Canadian Imperial Bank of Commerce and real estate research firm Urbanation found 48 per cent of leveraged condo investors who bought pre-construction units to rent out were cash flow positive in 2022.

The Internal Revenue Service has good news for millions of taxpayers in 17 states who received a one-time special state payment last year to offset inflation and other negative economic impacts: Those payments won't be subject to federal income tax.The IRS determined it will not challenge the taxability of payments related to general welfare and disaster relief, the agency said in a statement Friday evening.

When their much-delayed property tax bills landed on their doorsteps last month, the good people of Pilsen got a big shock.Bills had gone up drastically.In one widely publicized case, ideally suited to lead off sympathetic media coverage, the assessed value of one home ballooned from $400,000 to $1.2 million, and the tax amount due rose from $7,000 to $20,000.

Once you've decided to , the next step is to decide how much you can realistically afford.To help you get started and make the process easier, here are five tips to follow when deciding how much you should spend on a house.1. Understand what percentage of your income should go toward your mortgage
To calculate how much you can afford to pay for a mortgage each month, start by adding up your gross annual income from all sources, including salary, wages, tips, and commissions.

Two major high-rise towers are slated to go up catty corner from San Jose City Hall, reshaping a low-slung block with hundreds of apartments and more than half a million square feet of office space.The Icon and Echo towers from San Jose real estate firm Urban Catalyst gained unanimous approval from the San Jose City Council this week with some policymakers heaping praise on the developers.

Realtor.comA meticulously restored Palm Springs, CA, home in a post-World War II housing area has entered the market.It's one of 15 homes in a development called Bel Vista, designed by local architect Albert Frey.The home known as Bel Vista #2 is now listed for $995,000.Frey created the early type of modernist architecture the area is known for.

UK tax revenues rose by 85.1 billion over the last financial year, according to figures from the Organisation for Economic Co-operation and Development (OECD).The global economic body found that total revenue from taxes across the UK rebounded to 775.6 billion over the year to March 2022, from 690.5 billion a year earlier.

The Boston Globe Casino operator plans entertainment complex across the street, and needs state Gaming Commission OK to include poker rooms and sports betting there.Wynn Resorts' newest vision for the company's land across Broadway from its Encore Boston Harbor casino in Everett includes two hotels with ballrooms, three parking garages, a theater, restaurants, clubs - 1.8 million square feet of development in all.

STANFORD  Palo Alto leaders on Monday urged Stanford and Santa Clara County to consider the city's needs as the three draw up a new community plan for the sprawling university that addresses housing and transportation issues.During a study session on a new proposed community plan Monday  based in part on two previous plans crafted in 1985 and 2000  Palo Alto city council members urged Stanford University to pay more of its fair share in property taxes, deal with transportation issues plaguing the area and commit to building housing for students before expanding academic buildings.