by taxnick on February 2, 2010
GA Senator Chip Rogers says he wants changes to property tax law in light of the recent housing market downturn.
People who buy foreclosed properties at bargain values are being taxed at much higher county assessments, says Republican State Senator Chip Rogers.
So he’s proposing that counties can only tax on the price of a home.
“If you [...]
by taxnick on October 16, 2009
Even if a homeowner’s property assessment magically soars in Prince George’s County amid a severe real estate downturn, the county won’t be able to reap the benefits next year because of a complex system of tax laws.
The County Council is poised to pass legislation regarding the Homestead Property Tax Credit, a statewide tax limit designed [...]