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Propertytax

All articles tagged with #propertytax

local-news2 years ago

"Texas Homeowners Navigate New Property Tax Laws and Exemption Changes"

Texas homeowners are reacting to the new property tax-cut law that is expected to save them hundreds of dollars. The $18 billion Property Tax Relief Act includes a significant increase in the state's homestead exemption, raising it from $40,000 to $100,000. While some homeowners have noticed a considerable reduction in their tax bills, others, like DonPaul Stephens, have seen their bills go up due to property value reassessments. State Senator Paul Bettencourt, who authored the bill, assures that the relief is designed to be sustainable into the future, with the homestead exemption now enshrined in the constitution.

via KPRC Click2Houston|
##homesteadexemption#houston
politics2 years ago

"Nebraska's 2024 Legislative Session: Tax Plans and Tight Budgets Amid a Busy Agenda"

Nebraska Governor Jim Pillen is set to propose a significant property tax reform plan in the 2024 legislative session, aiming to reduce property taxes by $2 billion through capping local government spending and increasing sales taxes. The plan includes "hard caps" on spending growth for cities and counties, and a shift of up to $1 billion of the property tax burden to the state. Pillen also plans to address workforce development by incentivizing businesses to offer child care and revising business incentives to retain skilled workers. Additionally, he defended his decision to reject $18 million in federal funds for a summer food program for children, and he discussed his stance on school choice and abortion legislation, indicating he would support efforts against a ballot initiative that could enshrine the right to an abortion in the state constitution.

via Nebraska Examiner|
##jimpillen#legislation
local-news2 years ago

"2024 Ushers in New Laws for DC and Maryland: Wage Hikes, Plastic Bans, and Health Reforms"

Maryland is introducing several new laws in 2024, including a plastic bag ban in Anne Arundel County, with a transition period until February 1st, after which stores will charge for paper bags. Energy bill assistance programs will expand to support more low-income households with heating and electric bills. Health insurance coverage will now include biomarker testing and certain cancer screenings. House Bill 235 extends the foreclosure complaint filing period from six to nine months for unpaid property taxes. The state is also cracking down on spam telemarketing calls, requiring prior express written consent for automated calls. Additionally, Maryland's minimum wage is increasing to $15, impacting around 163,000 employees, a change that was expedited from the originally planned date in 2025.

via CBS Baltimore|
##energybillassistance#local-news