The 2010 Property Assessment Manual (PDF) is now available. The first document lists specific updates for the various chapters. Some items of note include Appendix 21.A which provides a summary of significant court decisions and the detailed information regarding exemptions for low income housing in Chapter 22.
[They will still cheat you, but now you will know what rules they are breaking]
Last August, in the midst of a growing debate about taxes in the United States, I decided I’d had enough. I was sick and tired of the histrionics from both sides of the political fence, and I wanted to find the facts. I spent twelve hours researching the federal budget and the U.S. tax system, and in the end wrote two articles:
via Get Rich Slowly.
U.S. cities will face a collective budget shortfall of at least $56 billion over the next two years, with the current recession not seen hitting bottom until 2011, according to a report on Wednesday.
via Reuters.
[Now they will try to take even more from the property tax payers who acted prudently and did not lose their homes]
One of the common lines of thinking that occurs when Real Estate values are heading downward is that the home owners tax bill must also be coming down too. Part of this misconception occurs because people assume that the fair market value and assessed value are the same.
via Real Estate Blog
Adverse-possession disputes are emotionally charged matters that are pervasive in Wisconsin. Recent cases heard by the Wisconsin Court of Appeals highlight some of the many complications of adverse possession and provide insight into how to prove and defend adverse-possession claims and how to avoid a dispute in the first place.
The recession could be creating an unexpected benefit for municipal treasuries by holding down delinquent property tax payments as more homeowners turn to federal programs for mortgage aid.
via JSOnline.
While local governments are seeing their sales taxes receipts decline they are now being faced with a double whammy. Homeowners are starting to see a realistic decline in their property tax bills.
And not a moment too soon.
Township Board Trustee Jim Hanson said lawsuits by developers and people who trying to get property taxes reduced are draining the township’s budget.
via MLive.com.
