Tag

Property Taxes

All articles tagged with #property taxes

Florida House advances ballot measure to end non-school property taxes on homesteads by 2027
politics6 days ago

Florida House advances ballot measure to end non-school property taxes on homesteads by 2027

The Florida House approved a joint resolution to place a constitutional amendment on the November ballot that would immediately end non-school property taxes for homesteaded properties beginning January 1, 2027, in an 80-30 vote along party lines. The Senate has not yet proposed a bill, and three-fifths support in both chambers is required to reach the ballot. Senate leaders say they’ll propose their own measure, potentially this session or in a special session. If approved, local governments could face large costs, and Gov. DeSantis has not unveiled a full plan, urging a careful, right approach over speed. The legislative session could extend beyond its scheduled end date.

politics1 month ago

DeSantis Frames Farewell Florida State of the State as Push for Tax Reform and AI

In his final State of the State, term-limited Gov. Ron DeSantis touts a seven-year record of “results” while urging lawmakers to advance a property tax overhaul and AI policy, and signaling support for immigration enforcement and lowering the rifle-purchase age to 18; Democrats criticize his culture-war focus and affordability concerns as House Republicans clash and questions linger over redistricting ahead of a 60-day session.

Reynolds Unveils Iowa’s 2026 Playbook: Tax Relief, Education Gains, and Health Initiatives
politics1 month ago

Reynolds Unveils Iowa’s 2026 Playbook: Tax Relief, Education Gains, and Health Initiatives

Gov. Kim Reynolds used the Condition of the State address to outline a 2026 agenda focused on property-tax relief (caps on local revenue growth, three-year assessments, and a senior tax freeze), support for first-time homebuyers, and expanded farmer credits; she champions education reform with per-pupil funding following students and universal Education Savings Accounts, plus public-charter school options. The plan includes aggressive efficiency measures and tech partnerships to cut costs, investment in cancer prevention and rural health via the Healthy Hometowns initiative, and stronger veteran benefits, while emphasizing budget transparency and local-government accountability. Reynolds also honored Iowa Guardsmen killed in Syria and noted the ongoing impact of military service on communities.

Missouri's Property Tax Cap Offers Limited Relief
government1 month ago

Missouri's Property Tax Cap Offers Limited Relief

Missouri property owners, especially in Hamilton, face significantly higher tax bills due to reassessment practices that increase property values faster than the overall market, with proposed reforms like separate tax rates for different property classes to address inequities. The current system dilutes the effect of tax caps, leading to shifting burdens among property types, and efforts are underway to improve assessment fairness and transparency.

Wealthy Homeowners React to Proposed 'Taylor Swift Tax' Expansion
world5 months ago

Wealthy Homeowners React to Proposed 'Taylor Swift Tax' Expansion

States like Rhode Island and Montana are implementing new taxes on luxury and second homes owned by the wealthy, including a notable 'Taylor Swift Tax' in Rhode Island, aiming to increase revenue but facing criticism for potentially discouraging high-net-worth individuals from owning or purchasing property in these areas, which could impact local economies and housing markets.

Texas Lawmakers File Record Bills Targeting Key Issues for 2025 Session
politics1 year ago

Texas Lawmakers File Record Bills Targeting Key Issues for 2025 Session

Texas lawmakers have filed a series of bills for the 2025 session focusing on reducing property taxes, expanding abortion access, and implementing school choice programs. Proposals include eliminating property taxes, using surplus revenue for tax relief, and increasing homestead exemptions. On abortion, bills aim to expand legal circumstances for the procedure, while others seek to tighten restrictions. Education bills propose school vouchers and curriculum changes, including ethnic studies and restrictions on teaching gender identity. Additionally, legislation addresses border security, higher education, and gun rights, reflecting ongoing partisan divides.

"Nebraska's Tax Reform Bill Defeated in Last-Minute Legislative Session"
government-and-politics1 year ago

"Nebraska's Tax Reform Bill Defeated in Last-Minute Legislative Session"

Gov. Jim Pillen's plan to raise sales taxes to reduce local property taxes, known as Legislative Bill 388, suffered a stunning defeat on the final day of the 2024 state legislative session. The bill faced opposition for doing little to relieve property taxes and containing likely unconstitutional clauses. The defeat likely ensures a special session on taxes, as Pillen has vowed to keep senators in session until Christmas if necessary to achieve a 40% reduction in local property taxes. The bill faced criticism for hurried assembly and last-minute amendments, and opponents are now discussing alternative paths to lower property taxes, such as legalizing marijuana and online gaming.

"Top Property Tax Hotspots Across America Revealed in New Map"
real-estate1 year ago

"Top Property Tax Hotspots Across America Revealed in New Map"

Property taxes vary widely by location, with New Jersey, Connecticut, New York, New Hampshire, and Massachusetts having the highest median property tax bills for single-family homes in 2023, while West Virginia had the lowest. The amount of property taxes paid is influenced by home values and individual state property tax rates, with hyperlocal variations within states. Homeowners in the greater New York City area, including surrounding cities and suburbs, faced the highest property tax bills, with Westchester County, New York, having the highest median value of $15,373.