According to the latest Ways and Means Committee meeting, the Orange County government in New York collected 17 percent more sales taxes than budgeted in the first quarter. Sales taxes are the county’s lifeline, accounting for nearly 45 percent of its estimated revenue. Nearly $394 million in sales taxes were budgeted for this year. The…
Orange County Collects 17 Percent More Sales Taxes Than Budgeted in 1st Quarter
As ‘Blue’ States Rezone Their ‘Red’ Suburbs, It’s Not Really About ‘Affordable Housing’
March 6, 2023
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Affordable HousingBusiness & MarketsBusiness ColumnistsimmigrationOpinionproperty taxreal estatesuburbsUncategorizedUS Real Estate
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Commentary A recent New York Times opinion piece titled, “The Era of Shutting Others Out of New York’s Suburbs Is Ending,” discussed a growing trend among state legislatures, particularly in “blue” states, to force changes in local zoning laws in the suburbs to allow more multifamily housing. Traditionally, suburbs are zoned mostly for single-family homes….
Record $33 Billion Budget Surplus Fuels Talk of ‘Largest Property Tax Cut in Texas History’
January 11, 2023
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budgetBusiness & Marketseconomic policieseconomyinflationLocal Newsproperty taxRegional-Local NewsTexasUS
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Texas registered a record budget surplus during 2022–23 that topped earlier estimates by $5 billion and has triggered discussions on how best to utilize the excess funds, including using it for potential tax cuts and boosting the state’s infrastructure. The $32.7 billion budget surplus is higher than the $27 billion estimate which state Comptroller Glenn…
Lawmaker Proposes Using a Portion of Texas’ $27 Billion Surplus for Property-Tax Relief
December 2, 2022
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budget surplusLocal NewsPolicies & Impactsproperty taxRegional-Local Newstax reliefTexastexas lawmakersUSUS News
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The state of Texas is sitting on a hefty $27 billion surplus. Lt. Gov. Dan Patrick on Wednesday laid out a list of priorities he would like lawmakers to consider in the next budget. Patrick, a Republican who resides over the state Senate, emphasized that it would be up to the members, but he believes…
New York County Executive Proposes $7.6 Million Cut in Property Tax
October 3, 2022
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Local NewsNew Yorkorange county New YorkOrange County NYproperty taxRegional NewsRegional-Local Newssales taxUSUS News
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Executive Steven Neuhaus proposes to slash the property tax levy in Orange County, New York, by $7.6 million to $126.5 million in the coming year. Largely due to booming sales tax, the county can expand services and take on new initiatives in 2023 without asking property owners for more money, according to Neuhaus at a…
Orange County Executive Proposes $7.6 Million Cut in Property Tax
October 3, 2022
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Local NewsNew Yorkorange county New YorkOrange County NYproperty taxRegional NewsRegional-Local Newssales taxUSUS News
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Executive Steven Neuhaus proposes to slash the property tax levy in Orange County, New York, by $7.6 million to $126.5 million in the coming year. Largely due to booming sales tax, the county can expand services and take on new initiatives in 2023 without asking property owners for more money, according to Neuhaus at a…
NY County Executive Proposes $7.6 Million Cut in Property Tax
October 3, 2022
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Local NewsNew Yorkorange county New YorkOrange County NYproperty taxRegional NewsRegional-Local Newssales taxUSUS News
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Executive Steven Neuhaus proposes to slash the property tax levy in Orange County, New York, by $7.6 million to $126.5 million in the coming year. Largely due to booming sales tax, the county can expand services and take on new initiatives in 2023 without asking property owners for more money, according to Neuhaus at a…
The City That Knows How… to Tax, and Tax, and Tax
May 22, 2022
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Local NewsNorthern CaliforniaOpinionparcel taxproperty taxRegional-Local Newssales taxtransfer taxUSViewpoints
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Commentary “The city that knows how” was a great moniker that was attached to San Francisco at the end of World War I. Until the last three decades, it really was the city that knew how to get things done. Several weeks ago, I attended a seminar on quality-of-life issues in San Francisco. One of…
What Homeowners Need to Know About Property Taxes
April 18, 2022
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Brightinvestingpersonal financeproperty taxproperty tax assessproperty taxesreal estatereduce property taxtaxWealth Management
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When you purchase your first home, you become aware that you are required to pay for the privilege of owning a home. That payment comes in the form of property taxes. Property taxes are a revenue source for most local governments. Whether you live in a city, a town, a village, or a parish, you…
How California’s Inheritance Tax Hurts Affordable Housing | Susan Shelley
In February 2021, Proposition 19 went into effect in California. Those who inherit property have one year to make it their permanent residence; otherwise, it will be reassessed at market value, which leads to a significant tax increase. My guest is Susan Shelley, vice president of communications for the Howard Jarvis Taxpayers Association. She explains…
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