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Property Tax › Homeowners

Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending... more +
Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending on the country or jurisdiction.  However, a popular system involves a government assessment of the value of a property and a rate based on a proportion of the assessed value. A property may be subject to taxation by multiple taxing entities.  less -
Bowditch & Dewey

Massachusetts Increases Senior Circuit Breaker Tax Credit

Bowditch & Dewey on

The Massachusetts Department of Revenue recently announced the annual increase to the popular Massachusetts “circuit breaker credit” for certain persons who are 65 years of age or older. The circuit breaker tax credit is...more

Farrell Fritz, P.C.

STAR provides $2.3Billion in Tax Relief to New York Homeowners

Farrell Fritz, P.C. on

As previously reported here on Tax Tracker in June, the School Tax Relief (STAR) program offered by New York State offers property tax relief to eligible homeowners.  Now, we have a number to associate with it for 2024 – $2.3...more

Farrell Fritz, P.C.

The Impact of the Taxpayer Protection Program on Nassau County Homeowners

Farrell Fritz, P.C. on

For homeowners in Nassau County, the recently commenced 2024/25 property tax year marks the demise of a little-known old friend – the 5-year Taxpayer Protection Program (aka “TPP”). Created by Nassau County leaders in 2020/21...more

Hinshaw & Culbertson - Consumer Crossroads

New Law May Require Texas Homeowners to Renew Homestead Exemptions

Hinshaw & Culbertson - Consumer Crossroads on

Texas property taxes and the general residential homestead exemptions have been all over the news this past year due to the passing of Proposition 4 in November 2023. This law increased the annual Texas homestead tax...more

Farrell Fritz, P.C.

Understanding New York State's STAR Program

Farrell Fritz, P.C. on

New York State offers the School Tax Relief (STAR) program to provide a bit of property tax relief to eligible homeowners. ...more

Farrell Fritz, P.C.

Understanding New York State’s STAR Program

Farrell Fritz, P.C. on

New York State offers the School Tax Relief (STAR) program to provide a bit of property tax relief to eligible homeowners. First, who is eligible? The basic STAR program requires that you own your home, that it is your...more

Cozen O'Connor

Cozen Cities - February 14, 2024

Cozen O'Connor on

BOSTON — City Leading AI Industry- Boston-area companies are leading in the development of new artificial intelligence (AI) and managing data for AI use. A new report estimates that Boston’s expertise in tech and health...more

Whitman Legal Solutions, LLC

Real Estate’s Role In Building Generational Wealth

Whitman Legal Solutions, LLC on

The most basic real estate investment is a home; for many people, their home is their largest single asset. Since real estate historically has increased in value over time, buying a home can be a way to grow wealth while also...more

Kohrman Jackson & Krantz LLP

How Do You Spell Relief? Changes to Homestead Exemption to Provide Relief for Eligible Ohio Homeowners

Kohrman Jackson & Krantz LLP on

With 8.3% inflation last year and rising property taxes due to increased property values, we all could use some relief; especially those who really need it....more

Burr & Forman

Special Property Tax Exemption for Jefferson County Homeowners Age 65 and Older - Deadline of April 30 to Claim

Burr & Forman on

Last November, Jefferson County, Alabama voters approved a constitutional amendment granting homeowners age 65 and older an exemption to freeze the assessed value of their primary residence to its value in the preceding year....more

Cozen O'Connor

Broad Street Brief: Councilmember Gym Resigns Ahead of Mayoral Run; Four New Members Sworn In to City Council

Cozen O'Connor on

Councilmember Gym Resigns Ahead of Mayoral Run; Four New Members Sworn In to City Council- For a brief window of time, Philadelphia City Council returned to its normal 17-member roster as Quetcy Lozada, Anthony Phillips,...more

Pillsbury - Gravel2Gavel Construction & Real...

Real Estate & Construction News Round-Up (07/13/22)

Pillsbury - Gravel2Gavel Construction & Real... on

The Biden administration will use infrastructure funds to upgrade 85 airports across the U.S., The Affordable New York tax provision expires, homebuyers in China refuse to pay mortgages, and more....more

McGlinchey Stafford

The End of New York’s Foreclosure Moratorium

McGlinchey Stafford on

The hardship stays provided under New York’s COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (EEFPA) officially ended on January 15, 2022. The EEFPA was the legislature’s response to protect New Yorkers...more

International Lawyers Network

Buying and Selling Real Estate in Latvia (Updated)

International Lawyers Network on

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER LATVIAN LAW - I. STANDARD FORMS OF AGREEMENT - A. Offer to Purchase sets forth Buyer’s offer of price and date for closing. Seller may accept or reject. B. The purchase...more

McGlinchey Stafford

Is the Tide Shifting on Hunstein?- The Bullet Point: A Commercial Law Bulletin

McGlinchey Stafford on

Ohio- Restrictive Covenants- New California Woods Homeowners Assn. v. Jakse, 3d Dist. Union No. 14-21-04, 2021-Ohio-3783 In this appeal, the Third Appellate District affirmed the trial court’s decision, agreeing that...more

Rosenberg Martin Greenberg LLP

When Can I Redeem My Pennsylvania Property From Tax Sale? It Depends On Where The Property Is…

Rosenberg Martin Greenberg LLP on

Renowned Pennsylvanian Benjamin Franklin famously wrote that “in this world, nothing can be said to be certain except death and taxes.”  A recent decision of the Pennsylvania Supreme Court demonstrates that, even in the...more

Foster Garvey PC

Short-Term Rental Update: Vacasa nearly doubles real estate footprint with the acquisition of Wyndham vacation rentals;...

Foster Garvey PC on

Vacasa Nearly Doubles Real Estate Footprint - ("Vacation rental platform Vacasa will pay $162M to acquire Wyndham Vacation Rentals," GeekWire on Jul 30, 2019) We learned last week that Portland-based Vacasa plans to...more

Foster Garvey PC

Short-Term Rental Update: Sonder now worth $1 billion after its latest funding round; commercial tax rate could quadruple...

Foster Garvey PC on

Sonder Reaches Unicorn Status - ("Airbnb competitor Sonder says after new funding round it’s now worth $1B," Real Deal - LA Real Estate News on Jul 11, 2019) Congratulations is well-deserved for Sonder, which just...more

Foster Garvey PC

Short-Term Rental Update: New Orleans looks to further restrict short-term rentals; Portland threatens to tighten the reins on...

Foster Garvey PC on

New Orleans Looks to Further Restrict STRs - ("New Orleans inches toward tighter short-term rental regulations," Curbed - New Orleans on May 20, 2019) The New Orleans City Council, after years of debating, is within 90...more

Faegre Drinker Biddle & Reath LLP

Indiana Tax Court affirms removal of Obsolescence Adjustment to Residential Property, as Homeowners fail to show comparable...

Faegre Drinker Biddle & Reath LLP on

Case Name: Marinov and Marinova v. Tippecanoe County Assessor - Date Issued: February 20, 2019 - Property Type: Single-family residence...more

International Lawyers Network

Buying and Selling Real Estate in the Bahamas

International Lawyers Network on

PURCHASE OF BAHAMIAN REAL ESTATE BY NON- BAHAMIANS - Columbus came to The Bahamas when he first discovered the New World, landed on San Salvador in 1492. Over the centuries, the islands of The Bahamas became key waypoints...more

Holland & Knight LLP

Six Tips for Tribal Governments to Reduce Tribal Member Taxes in 2018

Holland & Knight LLP on

• President Donald Trump on Dec. 22, 2017, signed the Tax Cuts and Jobs Act, the first major overhaul of the U.S. tax system in over 30 years. • Although few of the enacted provisions are specific to Indian Country, several...more

Lewitt Hackman

The Tax Reform Bills: Home Ownership, Purchases & Sales

Lewitt Hackman on

Congressional efforts to enact tax reform are now in the home stretch. While there is no assurance that any legislation will be enacted, or what the form of a final bill would look like, it is likely that something will pass...more

Farrell Fritz, P.C.

Real Property Tax Alert - October 2016

Farrell Fritz, P.C. on

Nassau County Class 4 Commercial Property – Disputed Assessment Fund (“DAF”) Started with October 2016 School Bill - All Class 4 commercial properties have been impacted by the increase in the school tax rate...more

Faegre Drinker Biddle & Reath LLP

Indiana Homeowners Failed To Prove $0 Value For Partially Constructed Residence Assessed As 100% Complete

Faegre Drinker Biddle & Reath LLP on

In Jones v. Jefferson County Assessor (May 4, 2016), Homeowners in Jefferson County argued that their partially constructed home should not have been assessed as 100% complete for the 2008 and 2009 tax years. In fact, they...more

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