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TAX LAW NEWS - TAX LITIGATION
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New York Governor Andrew Cuomo unveiled his new property tax cap at a family home in Lancaster Tuesday morning. He even signed the bill into law right on the front lawn. “It says that the property taxes can’t go up more than 2% per year or the rate of inflation, whichever is less. Unless 60% [...]
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New York Gov. Andrew Cuomo has signed two new laws for property tax breaks for some farms and some first-time home buyers, both recently approved by the Legislature.
One would continue a municipal option to provide tax incentives for purchases of new homes by first-time buyers. Sponsors call home ownership “the most potent form” of economic [...]
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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 [...]
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Get ready to dig a little deeper, Cook County homeowners.
Under a new state law, you’ll be forced to pay slightly more of your property tax bill up front so county agencies, municipalities, school districts and other local governments can improve their bottom lines.
The so-called “accelerated billing” law — which sailed quietly through the General Assembly [...]
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“Once the proposed tax statements came out, the phone has been ringing off the hook,” Houston County Assessor Tom Dybing told the county board last week.
“Most of the calls were from landowners who wondered why their taxes on some parcels went up so much, while others varied so much. I had one farmer who had [...]
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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 [...]
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The failure of Arizona lawmakers and the governor to reach an agreement on a state budget — and permanently eliminate the state property tax, which was suspended in 2006 — means the tax automatically returns as planned in 2009.
For all intents and purposes, the time for lawmakers to repeal the levy has run out. State [...]
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For the past two years many local governments have been faced with a financial situation unprecedented in recent decades. The total value of taxable property within their jurisdictions, which yields property taxes that comprise a significant part of their operating revenue, has decreased rather than increased.
The significance comes in setting Florida tax rates.
In the past, [...]
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Most New Jersey homeowners, already paying the highest property taxes in the nation, will not see a property tax rebate check next year under Gov. Jon Corzine’s revised 2010 budget proposal.
The updated budget, released Tuesday by Treasurer David Rousseau, keeps rebates for seniors and the disabled but eliminates them for everyone else.
Corzine’s original proposal, released [...]
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Communities across Metro Detroit are bracing for a flood of property tax appeals from homeowners, and some residents haven’t even received this year’s assessments.
A minor printing error has delayed the mailing of assessment notices in Dearborn. All 34,794 assessment notices were sent out Monday, forcing the city to miss a state mandated mailing deadline — [...]
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