#property-tax

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#town-and-country

Town and Country eyes new revenue

Town and Country imposes its first property tax since 1997 to address budget shortfalls and changing economic conditions.
Online shopping and shifts in business trends have necessitated local tax adjustments in affluent suburban areas.

Town and Country charged no property tax for decades. Times have changed.

Town and Country is implementing a municipal property tax for the first time since 1997 to address a budget shortfall.

Town and Country eyes new revenue

Town and Country imposes its first property tax since 1997 to address budget shortfalls and changing economic conditions.
Online shopping and shifts in business trends have necessitated local tax adjustments in affluent suburban areas.

Town and Country charged no property tax for decades. Times have changed.

Town and Country is implementing a municipal property tax for the first time since 1997 to address a budget shortfall.
moretown-and-country

Westside houses account for nearly half of LA's mansion tax sales

Measure ULA has fallen significantly short of its revenue projections, raising under half of the anticipated funds.
The tax disproportionately impacts affluent West L.A. neighborhoods, where the majority of sales occur.

Thousands to receive property tax warning letters from Revenue in coming days

New property tax payers must notify Revenue of payment intentions for the 2025 Local Property Tax by specific deadlines.
#school-districts

Editorial: Voters should approve these three school parcel taxes

Voters should evaluate property tax measures carefully based on cost, duration, and existing tax structures to ensure informed decisions about school funding.

Should school use Warrior' nickname? Tribe to have last say

The profile of a Native American man, a braid trailing down and feather jutting up, is tiled into a high school hallway, dyed into the weight room carpet and laid into the turf of the football field at Salamanca city schools.School leaders say the omnipresent logo and Warrior name for the school athletic teams are sources of pride here, in the only U.S. city built on land leased from a Native American reservation.

Editorial: Voters should approve these three school parcel taxes

Voters should evaluate property tax measures carefully based on cost, duration, and existing tax structures to ensure informed decisions about school funding.

Should school use Warrior' nickname? Tribe to have last say

The profile of a Native American man, a braid trailing down and feather jutting up, is tiled into a high school hallway, dyed into the weight room carpet and laid into the turf of the football field at Salamanca city schools.School leaders say the omnipresent logo and Warrior name for the school athletic teams are sources of pride here, in the only U.S. city built on land leased from a Native American reservation.
moreschool-districts
#mayor-michelle-wu

City Council approves Wu's revised property tax proposal

The plan aims to mitigate a potential 28% residential tax increase by adjusting commercial tax rates.

Boston City Council sides with Mayor Wu, approves property tax proposal

Mayor Michelle Wu proposed to increase commercial property tax temporarily to assist residential property owners, facing opposition from the business community, pending state lawmakers' approval.

City Council approves Wu's revised property tax proposal

The plan aims to mitigate a potential 28% residential tax increase by adjusting commercial tax rates.

Boston City Council sides with Mayor Wu, approves property tax proposal

Mayor Michelle Wu proposed to increase commercial property tax temporarily to assist residential property owners, facing opposition from the business community, pending state lawmakers' approval.
moremayor-michelle-wu
#economic-challenges

Owner of popular Camden pub warns independents in danger from taxes and red tape

Independent pubs are struggling with upcoming property tax hikes, rising costs, and regulatory challenges.

ANALYSIS | Chow facing political, economic headwinds as 2025 budget approaches | CBC News

Mayor Chow is uncertain about the upcoming property tax increase amid challenging economic conditions, with insights indicating a tougher budget process ahead.

Owner of popular Camden pub warns independents in danger from taxes and red tape

Independent pubs are struggling with upcoming property tax hikes, rising costs, and regulatory challenges.

ANALYSIS | Chow facing political, economic headwinds as 2025 budget approaches | CBC News

Mayor Chow is uncertain about the upcoming property tax increase amid challenging economic conditions, with insights indicating a tougher budget process ahead.
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Ballot measure asks taxpayers to help fund access to affordable child care - Austin Monitor

Travis County is proposing a property tax increase to improve access to child care for families facing financial hardships.
from Boston.com
1 month ago

Wu rejects potential alternatives to property tax proposal

Mayor Wu aims to reduce rising residential taxes by increasing commercial property tax rates.
#taxation

Council OKs raising property tax, adding funds for homeless services in new $5.9 billion budget - Austin Monitor

Austin homeowners face a property tax increase of $188.02 annually due to rising operational costs and state law limitations.

Labour's Autumn Budget exodus: It's not just millionaires leaving the UK - London Business News | Londonlovesbusiness.com

The exodus of millionaires from the UK is driven by proposed Labour tax increases, posing risks to the economy.

Premium Content: How do 9 states get by with no income tax? A tax expert explains the trade-offs they choose

Texas is a low-tax state without income tax, but residents pay high property taxes. States have the power to tax residents based on their laws and protections.

Council OKs raising property tax, adding funds for homeless services in new $5.9 billion budget - Austin Monitor

Austin homeowners face a property tax increase of $188.02 annually due to rising operational costs and state law limitations.

Labour's Autumn Budget exodus: It's not just millionaires leaving the UK - London Business News | Londonlovesbusiness.com

The exodus of millionaires from the UK is driven by proposed Labour tax increases, posing risks to the economy.

Premium Content: How do 9 states get by with no income tax? A tax expert explains the trade-offs they choose

Texas is a low-tax state without income tax, but residents pay high property taxes. States have the power to tax residents based on their laws and protections.
moretaxation

US counties still stealing homes despite Supreme Court ruling

Property tax laws allow municipalities to seize homes over unpaid taxes, resulting in unjust losses for homeowners and financial windfalls for towns.

Fine Gael faces anger in south Dublin over its 'populist' mansion tax

The newly implemented 6% stamp duty rate has sparked backlash from Fine Gael councillors, as wealthy constituents feel already taxed fairly.

Prop. 33 could mean millions less for schools, emergency services, county officials warn

Proposition 33 could significantly decrease local property tax revenues, affecting funding for schools and emergency services if approved.

50 pubs a month 'vanished' during the first six months of the year - London Business News | Londonlovesbusiness.com

Over 50 pubs a month are closing in England and Wales, totaling 472 closures in a year.
Upcoming property tax increases are poised to further threaten the viability of existing pubs.

Class action lawsuit targets Austin taxes over Project Connect - Austin Monitor

A lawsuit is seeking to halt property tax collection for Austin's transit expansion due to alleged miscalculations and project scope reductions.
#public-services

9 states get by without income tax. A tax expert explains how

Some states like Texas do not have income tax but have other taxes like property tax to fund public services.

Santa Clara County property value growth is slow - San Jose Spotlight

The assessed property value in Santa Clara County has increased but at a slow rate, impacting revenue for essential public services like education.

9 states get by without income tax. A tax expert explains how

Some states like Texas do not have income tax but have other taxes like property tax to fund public services.

Santa Clara County property value growth is slow - San Jose Spotlight

The assessed property value in Santa Clara County has increased but at a slow rate, impacting revenue for essential public services like education.
morepublic-services

TipSheet: Austin City Council, 5.30.24 - Austin Monitor

Council meeting agenda highlights key issues: potential charter amendments, property tax exemption, South Central Waterfront development, new public speaking rules, mobile court program, HOME amendments
#chicago

Chicago voters reject 'mansion tax' to fund homeless services during Illinois primary

Chicago voters rejected a real estate tax for homeless services over $1 million properties.
Supporters estimated the tax would generate $100 million annually for homeless services.

Editorial: No more tuna. With Steele and Kaegi, Chicago finally has a real shot at property tax reform

Former Chicago Ald. Ed Burke was convicted on corruption charges related to illegal payoffs from developers.
The corrupt practice of steering business to tax law firms in exchange for political favors is not unique to Burke.

Chicago voters reject 'mansion tax' to fund homeless services during Illinois primary

Chicago voters rejected a real estate tax for homeless services over $1 million properties.
Supporters estimated the tax would generate $100 million annually for homeless services.

Editorial: No more tuna. With Steele and Kaegi, Chicago finally has a real shot at property tax reform

Former Chicago Ald. Ed Burke was convicted on corruption charges related to illegal payoffs from developers.
The corrupt practice of steering business to tax law firms in exchange for political favors is not unique to Burke.
morechicago

Silver lining to winter storm damage in California: You can claim a property tax cut

Property owners in California who suffer at least $10,000 in damage to their property's current market value can apply for a reassessment and property tax cut.
The potential relief is available to owners of anything assessed for property tax purposes that was severely damaged, including business equipment, orchards, aircraft, and boats.

Chicago Bears, schools are $100M apart on tax value of former Arlington Park, complicating stadium proposal

The Chicago Bears and local schools are $100 million apart on the property tax valuations of the former Arlington International Racecourse, complicating the team's plan to build a stadium.
The Bears appraised the property at $60 million to $72 million by categorizing it as vacant residential land, while the school district classified it as commercial land, valuing it at $197 million.
The Bears demolished the racetrack to lower the value of the site, but the Cook County Assessor significantly increased the value of the land.

Letters: Tribute for Morrison | Defeat Measure E | Human shields | Gesture of love

Re: " 5-time Mayor Gus Morrison dies at age 88 " (Page B1, Dec. 23).
...
I was very sorry to hear about the passing of Gus Morrison on Dec. 14.

Afternoon Briefing: Why you may be delayed at Midway

Good afternoon, Chicago.

Afternoon Briefing: Why you may be delayed at Midway

Good afternoon, Chicago.

CLIPBOARD

La Palma used to be known as Dairyland and had a thriving dairy industry that was gradually phased out.
The city experienced financial troubles in the 1980s but found new hope with the development of the Centerpointe La Palma business park.
#years

Airports set for bumper business rates amid 1.4bn tax rise

Airports, power stations and business headquarters are set to be hit hardest by property tax changes when new valuations come into force next week, according to research.Revenues from business rates the property tax on commercial buildings are expected to rise by 1.4 billion, or 4.9%, to 29.9 billion when the changes take effect from Saturday April 1.

Residents In These 7 States Could Still Get Up To $1,500 In Stimulus Checks

Gather up those W-2s and 1099s: Tax time is just around the corner.Unfortunately for most Americans, refunds will likely be smaller than last year due to a lack of Economic Impact Payments and a smaller, far less generous Child Tax Credit.But although pandemic-era federal stimulus payments and Expanded Child Tax Credit payments are, sadly, things of the past, residents of some states will have a little windfall to look forward to.

Nashville Mourns the Closure of Meat-and-Three Institution Arnold's Country Kitchen

On Friday, Arnold's Country Kitchen, a Nashville institution known for its meat-and-three plates, announced it would be closing by the end of the week.On Instagram, the restaurant said it would be open regular business hours on Tuesday through Saturday, January 7, "or until we run out of food."

Airports set for bumper business rates amid 1.4bn tax rise

Airports, power stations and business headquarters are set to be hit hardest by property tax changes when new valuations come into force next week, according to research.Revenues from business rates the property tax on commercial buildings are expected to rise by 1.4 billion, or 4.9%, to 29.9 billion when the changes take effect from Saturday April 1.

Residents In These 7 States Could Still Get Up To $1,500 In Stimulus Checks

Gather up those W-2s and 1099s: Tax time is just around the corner.Unfortunately for most Americans, refunds will likely be smaller than last year due to a lack of Economic Impact Payments and a smaller, far less generous Child Tax Credit.But although pandemic-era federal stimulus payments and Expanded Child Tax Credit payments are, sadly, things of the past, residents of some states will have a little windfall to look forward to.

Nashville Mourns the Closure of Meat-and-Three Institution Arnold's Country Kitchen

On Friday, Arnold's Country Kitchen, a Nashville institution known for its meat-and-three plates, announced it would be closing by the end of the week.On Instagram, the restaurant said it would be open regular business hours on Tuesday through Saturday, January 7, "or until we run out of food."
moreyears
#people

South-west France news: The impacts of coastal erosion, drug seizures, and cycling

Pension protests in the region As France prepares for another day of widespread strike action on Tuesday, January 31st in protest against French President Emmanuel Macron's proposed changes to the retirement system, demos are planned across the south west.In Bordeaux, mobilisation will begin at noon at the Place des Quinconces, and the procession will go down to the Garonne and along the quays.

Jerry Jones pushes for sports betting in Texas - ProFootballTalk

Everything is bigger in Texas.Except for legal sports betting.Which is nonexistent.Cowboys owner Jerry Jones recently, appearing Friday on 105.3The Fan in Dallas, made the case for Texas embracing something that most states have authorized, long ago."Well, I think it's really a thing that needs to be addressed at this time," Jones said, via the Dallas Morning News.

Editorial: Here's a solution to a property tax pickle in Pilsen

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.

Toronto's property tax to go up 5.5% as part of 2023 budget: Tory | CBC News

Toronto residents could be in for a 5.5 per cent property tax increase as the city unveiled its 2023 budget Tuesday morning.Mayor John Tory said the increase is necessary to help sustain frontline services and make key investments in public safety, transit and emergency services as the city continues to recover from the pandemic.

South-west France news: The impacts of coastal erosion, drug seizures, and cycling

Pension protests in the region As France prepares for another day of widespread strike action on Tuesday, January 31st in protest against French President Emmanuel Macron's proposed changes to the retirement system, demos are planned across the south west.In Bordeaux, mobilisation will begin at noon at the Place des Quinconces, and the procession will go down to the Garonne and along the quays.

Jerry Jones pushes for sports betting in Texas - ProFootballTalk

Everything is bigger in Texas.Except for legal sports betting.Which is nonexistent.Cowboys owner Jerry Jones recently, appearing Friday on 105.3The Fan in Dallas, made the case for Texas embracing something that most states have authorized, long ago."Well, I think it's really a thing that needs to be addressed at this time," Jones said, via the Dallas Morning News.

Editorial: Here's a solution to a property tax pickle in Pilsen

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.

Toronto's property tax to go up 5.5% as part of 2023 budget: Tory | CBC News

Toronto residents could be in for a 5.5 per cent property tax increase as the city unveiled its 2023 budget Tuesday morning.Mayor John Tory said the increase is necessary to help sustain frontline services and make key investments in public safety, transit and emergency services as the city continues to recover from the pandemic.
morepeople

Almost 15,000 jobs axed by retailers so far in 2023, figures show

UK retailers have slashed almost 15,000 jobs since the start of 2023 after a raft of collapses and restructurings on the high street, according to new figures.Experts have warned that the brutal start of the year could continue as cost pressures and weaker customer spending power take their toll.The Centre for Retail Research said that 14,874 jobs have been cut or announced since the start of the year.
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