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.
Feb 13
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.
Dec 31
More than $13 million in refunds could be coming to tens of thousands of business owners and landlords in San Diego if a Mira Mesa business owner prevails in his lawsuit seeking refunds of processing fees the city charged on top of business taxes.
via SignOnSanDiego.com.
Dec 05
The real estate market for homes has deteriorated for years in north-central Ohio. But you'd never know it when dealing with the tax man.
via Sandusky Register.
Nov 19
To ensure fair assessments for these damaged properties, we will reduce the building value by 50% –
Nov 09
The realtor said he’s had to work with clients to persuade them to lower their expectations — and their home prices — to fit the realities of the current market. And that’s a difficult argument when the tax man values their homes so highly.
“Nobody’s real estate taxes have been decreased at all,” he said.
via Sandusky Register.
Nov 02
The landlords also say that they cannot afford to match the $300 monthly rent (including water) that would be charged for the proposed PILOT homes, calling it unfair marketplace competition.
Oct 11
Property owners in Chicago are facing rampant rent increases as they face property losses of up to 20 percent at the same time. Yes, I know that government costs increase, but our incomes are not rising. Chicago needs to tighten it’s belt when things are tough, not just raise taxes.
