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Property Taxes

All articles tagged with #property taxes

DeSantis proposes staged end to homestead property taxes in Florida
politics1 day ago

DeSantis proposes staged end to homestead property taxes in Florida

Gov. Ron DeSantis unveiled a plan to phase out Florida’s property taxes on homesteaded homes, starting with a ballot measure to lift the homestead exemption to $250,000 and a stepwise path to full relief. The proposal requires 60% support in both the Legislature and among voters, and DeSantis has called a special session to move it forward. While backers say non-homestead taxes could fund essential services and rural counties could receive a relief trust, critics warn the revenue loss could affect parks, libraries and other local services; Democrats call it a distraction from the property-insurance crisis, and state data shows the share of homeowners affected is contested by the EDR.

via Orlando Sentinel|
#desantis#florida#homestead-exemption
Paxton blocks 130+ Texas cities from raising property taxes over audit rules
politics13 days ago

Paxton blocks 130+ Texas cities from raising property taxes over audit rules

Texas Attorney General Ken Paxton said his office has informed more than 130 Texas cities they can’t raise property taxes because they allegedly failed to comply with Senate Bill 1851, which ties tax increases to annual financial audits and statements. The move targets largely smaller cities as part of an ongoing effort to curb unduly high taxes; larger cities like Houston, Dallas, Fort Worth and Corpus Christi were not on the initial list, and Odessa was also not included as the investigation continues and cities respond with audit documentation.

via The Texas Tribune|
#audits#ken-paxton#politics
Ohio voters curb school funding measures amid tax concerns
education-and-elections21 days ago

Ohio voters curb school funding measures amid tax concerns

In the May 5, 2026 primary, Ohio voters rejected most new property and income tax levies for K-12 schools (24 of 66 passed), while about 3 in 4 renewal levies were approved. The results suggest fatigue with new school funding via tax hikes despite aging district infrastructure and state funding gaps, leaving districts to consider potential cuts. Libraries fared better overall, and the broader political context includes debates over public versus private education funding and calls for cost-cutting or consolidation in schools.

via Signal Ohio|
#education-and-elections#education-funding#election-2026
Seattle library levy to $480M, more than doubling tax funding headed to August ballot
local1 month ago

Seattle library levy to $480M, more than doubling tax funding headed to August ballot

Seattle Mayor Katie Wilson signed a proposal to replace the expiring 2019 library levy with a seven-year, $480 million levy, sending it to voters in August. The plan would allocate $229 million to maintain library hours and access, $134 million for building maintenance, and $38 million for technology upgrades. In its first year, property taxes would rise by about 19 cents per $1,000 of assessed value, with the overall rate estimated at $3 per $1,000. The Seattle City Council approved the measure unanimously before Wilson’s signature.

via komonews.com|
#funding#library-levy#local
Property Taxes Outpace Inflation Across the U.S., Fueled by Local Budgets
business1 month ago

Property Taxes Outpace Inflation Across the U.S., Fueled by Local Budgets

Last year, the average homeowner paid $4,427 in property taxes, up 3.7% from 2024 and faster than the 2.7% CPI; tax bills rose in 40 states plus D.C., with Delaware up 18% and Maryland 11.6%, even as home values slipped 1.7% to $494,231. Tax hikes reflect local funding needs for schools and services, not consumer prices, and some states cut levies (Wyoming 25% cut for properties up to $1M; Montana rebates). New Jersey averages about $10,500, while West Virginia averages around $1,081. Property taxes account for roughly 70 cents of every dollar in local tax revenue.

via CBS News|
#attom#business#inflation
Hidden Costs Push Homeownership Beyond the Mortgage
real-estate2 months ago

Hidden Costs Push Homeownership Beyond the Mortgage

Homeowners across the U.S. are feeling a jump in non-mortgage costs—homeowners’ insurance, property taxes, and HOA fees—that can dwarf monthly payments. Insurance rates have spiked due to higher repair costs and climate disasters, taxes have climbed with rising home values, and HOAs are more common and costly, pushing total housing costs higher even as mortgage rates ease and homeowners build equity.

via Business Insider|
#hoa-fees#homeowners-insurance#housing-market
Florida House advances ballot measure to end non-school property taxes on homesteads by 2027
politics3 months 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.

via Florida Phoenix|
#ballot-measure#desantis#florida
politics4 months 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.

via Politico|
#artificial-intelligence#florida#politics
Reynolds Unveils Iowa’s 2026 Playbook: Tax Relief, Education Gains, and Health Initiatives
politics4 months 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.

via KTIV|
#cancer-prevention#education#government-efficiency
Missouri's Property Tax Cap Offers Limited Relief
government4 months 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.

via Missouri Independent|
#assessment-increases#government#missouri-property-tax-reform