Property tax – Eshcinsel http://eshcinsel.net/ Thu, 19 May 2022 15:41:37 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://eshcinsel.net/wp-content/uploads/2021/10/icon-41-120x120.png Property tax – Eshcinsel http://eshcinsel.net/ 32 32 Governor Reminds Wyoming Residents of Property Tax Refunds Available Under New Law; deadline is approaching https://eshcinsel.net/governor-reminds-wyoming-residents-of-property-tax-refunds-available-under-new-law-deadline-is-approaching/ Wed, 18 May 2022 23:08:28 +0000 https://eshcinsel.net/governor-reminds-wyoming-residents-of-property-tax-refunds-available-under-new-law-deadline-is-approaching/ Governor Mark Gordon delivers his State of the State Address to the 2022 Joint Session of the Wyoming State Legislature. (Dan Cepeda, Oil City) CASPER, Wyo. – Wyoming residents have until June 6 to apply for 2021 property tax refunds available under new program established by legislation signed into law by Governor Mark Gordon in […]]]>

Governor Mark Gordon delivers his State of the State Address to the 2022 Joint Session of the Wyoming State Legislature. (Dan Cepeda, Oil City)

CASPER, Wyo. – Wyoming residents have until June 6 to apply for 2021 property tax refunds available under new program established by legislation signed into law by Governor Mark Gordon in March.

People who have resided in Wyoming for at least five years and have paid their 2021 property taxes in full are eligible for refunds if they meet county-specific income requirements, the governor’s office said in a statement Wednesday. Press release.

Gordon encouraged people to take advantage of the program before the June 6 deadline, with some residents facing increases in their property assessments. In Natrona County, the Assessor’s Office sent property tax assessment notices earlier this month and Natrona County Assessor Matt Keating said assessed values ​​of farm properties , personal and commercial “increased by about 15% in all areas”.

“Wyoming has not raised tax rates, and yet Wyoming citizens are feeling the pinch as their home values ​​have increased,” Governor Gordon said in the press release Wednesday. “They see it in their assessed appraisals on their property. Homeowners need relief, and this program provides that.

Refunds cannot exceed half of a person’s 2021 property tax bill under the new law. There are also limits based on median residential property tax and county of residence, according to the governor’s office.

“Application forms and additional information are available from your local county treasurer and from the Wyoming Department of Revenueadded the governor’s office. “Applications can be submitted online at https://wptrs.wyo.gov/ or mailed to the Ministry of Revenue.

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Governor Polis Signs $700 Million Property Tax Relief Bill, Another Legislation Aimed at Cutting Costs | Legislature https://eshcinsel.net/governor-polis-signs-700-million-property-tax-relief-bill-another-legislation-aimed-at-cutting-costs-legislature/ Mon, 16 May 2022 18:29:00 +0000 https://eshcinsel.net/governor-polis-signs-700-million-property-tax-relief-bill-another-legislation-aimed-at-cutting-costs-legislature/ Gov. Jared Polis on Monday signed a series of bills that supporters say will save Coloradans money, including a measure to provide property tax relief in 2023 and 2024. The biggest saving measure of the group, Senate Bill 238is expected to deliver $700 million in property tax relief by reducing the assessed value of commercial […]]]>

Gov. Jared Polis on Monday signed a series of bills that supporters say will save Coloradans money, including a measure to provide property tax relief in 2023 and 2024.

The biggest saving measure of the group, Senate Bill 238is expected to deliver $700 million in property tax relief by reducing the assessed value of commercial properties by $30,000, lowering the assessed value of homes by $15,000 and raising assessment rates by 29% to 27.9% for commercial properties and 6.95% to 6.765% for residential properties.

“Each Coloradan will be able to keep a little more green,” Polis said during the bill signing ceremony on Monday. “This is great progress for the business community, for owners to fight against rising costs.

The state estimates the bill will provide homeowners with $274 in average property tax rebates based on a home value of $500,000, with more for higher value properties. For commercial properties, the savings will be approximately $1,000 by offering the first reduction in commercial assessment rates in 40 years.

The state Senate and House approved the bipartisan-sponsored bill nearly unanimously, with only two lawmakers voting against it. Republicans and Democrats said the measure would help residents at a time of soaring inflation and rising costs of living.

“This is a half a billion dollar tax cut. Who isn’t excited about this? said Rep. Patrick Neville, R-Castle Rock, co-sponsor of the bill. “When they told me about this, I had no choice but to sign. … Anything we can do to alleviate those taxes, I totally agree.”

During the signing ceremony, Polis also gave its final approval to House Bill 1351which will delay gas costs and reduce vehicle registration costs, saving the average Coloradan just under $13 by the end of 2023, and House Bill 1416to adapt the administrative procedures for appeals in matters of property assessment.

Polis said the bills deliver on the promise he made in his January State of the State address to save Colorados money and make the state more affordable. However, critics said Democrats take credit for addressing accessibility issues caused by their own policies. , accusing the party of trying to appease voters for the upcoming election.

For HB 1351 specifically, the $0.02 per gallon bill delay charge was created by SB21-260 — a 10-year, $5.4 billion plan backed by Democrats to build roads and bridges, create electric vehicle charging stations, boost public transportation and mitigate air pollution.

“I voted against the fees in the first place, I don’t think they should be here,” said Sen. Paul Lundeen, R-Monument, in voting against HB-1351 in May. “When you realize you’re going the wrong direction, the right thing to do is turn around. Instead of turning around, this bill says, “Let’s take a break.” »

Polis is expected to sign six more bills by the end of the day: Senate Bill 6 increases the sales tax revenue a retailer can keep; Senate Bill 146 investing $25 million in the Middle Income Housing Access Program; House Bill 1230 extends the Employment Support and Retention Program; House Bill 1004 delays the increase in driver’s license fees; Senate Bill 124 provides federal income tax relief; and, House Bill 1001 reduces business filing fees.


Here's What The Fentanyl Legislation Recently Passed By The Legislature Will Do

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Pima County Property Tax Rate to Decrease Slightly in Fiscal Year 2023 | Government and politics https://eshcinsel.net/pima-county-property-tax-rate-to-decrease-slightly-in-fiscal-year-2023-government-and-politics/ Sun, 15 May 2022 23:00:00 +0000 https://eshcinsel.net/pima-county-property-tax-rate-to-decrease-slightly-in-fiscal-year-2023-government-and-politics/ As Pima County prepares to pass its budget for the next fiscal year, it discusses the annual property tax rate it will charge to fuel much of the budget spending. The property tax rate under the proposed budget for fiscal year 2023 will decrease by 13 cents, but the overall tax the county will collect […]]]>

As Pima County prepares to pass its budget for the next fiscal year, it discusses the annual property tax rate it will charge to fuel much of the budget spending.

The property tax rate under the proposed budget for fiscal year 2023 will decrease by 13 cents, but the overall tax the county will collect is expected to increase by more than $9 million, primarily due to rising home assessments.

County Administrator Jan Lesher recommends that the county’s combined property tax rate decrease slightly from $5.1952 per $100 of taxable net worth to $5.062 in the next fiscal year. This is expected to bring in over $510 million in overall property taxes.

The rates would mean that main county property taxes on a $100,000 home would be $387.64, down from $376.98 currently. The county’s combined rate would be $506.52, down from $519.62 currently.

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The rates passed by the board will apply only to property taxes levied by Pima County and not to other taxing authorities such as local schools and fire districts. County property taxes are made up of a primary tax that goes into the general fund and three secondary taxes for libraries, debt services, and flood control.

Lesher is proposing a budget of $1.9 billion for fiscal year 2023, and the combined property tax rate will fund 26% of that, according to the recommended budget.

This will be the eighth time in 10 years that the county’s property tax base has increased. New developments, rising house prices and appraisals contribute to this increase in the tax base.

There were 5,104 new residency permits in 2021, an increase of nearly 18% from the previous tax year, according to the Pima County Assessor’s Office, which is responsible for assigning values ​​to properties.

The net assessed value, or determined assessment of properties that the county used to calculate property taxes, is $10.1 billion for the next fiscal year, an increase of 4.5% from the current year. , according to the proposed budget.

Pima County Assessor Suzanne Droubie said a growing tax base should reduce the individual share of the cost.

“As (the tax base) goes up, your taxes will actually go down a bit,” she said. “We have to cover the county budget, and the value of your property determines your share of that budget that you are responsible for paying. I see it as one big pie, and everyone gets a slice… the more people you add and the more properties you add, the smaller everyone’s slice technically is.

The Supervisory Board will adopt the property tax rates in August. The county will send property tax bills in September based on the assessment notice county residents received for their properties in February 2021.

But Droubie said it was hard to say what those bills would look like. Property assessments received by residents in February were based on 2021 assessments.

“There’s a lot going on right now that affects the overall county budget and because of that, trying to predict what people’s taxes are going to do is really difficult,” she said. “Seeing what’s happening with the sale prices (of apartment houses), those sales are what we use to appraise properties at the county assessor’s office. So as those sales numbers go up, so does your value.

However, a constitutional amendment passed by Arizona voters in 2012 that sets a 5% cap on the increase in net taxable value the county can impose from year to year “goes a long way in managing the ‘rise in that tax bill,’ Droubie said. .

State status also requires tax authorities to alert the public when the property tax rate will be higher than what the law considers “neutral”: the previous year’s levy plus additions to the new construction tax base. The county’s proposed primary property tax rate is approximately $10.8 million higher than the neutral rate.

According to Lesher, achieving the state-defined “neutral” rate will be difficult for the county as long as it has its PAYGO program in place.

The PAYGO program was adopted by the board in 2019 and funds capital infrastructure projects through property taxes instead of debt-accumulating bonds.

However, there is no proposal to increase primary property tax rates. Lesher said revenue has been better than expected this year, leaving the fiscal 2022 general fund balance at about $137.8 million, or $92 million higher than expected.

Instead of raising the primary property tax rate to continue funding the program, the county can use these excess funds.

“If we were to just take next year by itself and look at the exact formula which is council policy to implement PAYGO, we would actually have to raise the primary tax rate by a few cents. And we just didn’t want to do that,” Lesher said.

Pima County is known for its high property tax rates compared to other counties in Arizona. Supervisor Steve Christy often hears these concerns and wants the proposed rates to come down further “without negatively impacting the PAYGO program”, perhaps cutting funds elsewhere.

“I strongly believe there is even more room for the property tax rate to be set lower than the simple 13 cent reduction that is being proposed,” he said. “There are a lot of recommendations made — $5.5 million to expand the Pima County Health Department. Questions of this nature should certainly be analyzed with respect to property tax rates and the PAYGO program.

Although it is proposed that the primary levy will remain the same, the secondary library levy will increase by one penny in preparation for the long-term funding of the Pima preschool program which offers preschool classes for children ages 3-5. years from low-income families. .

Another expense the county is planning this year is an estimated $105.5 million cost that the state transfers to counties. That includes $53 million for Arizona’s long-term care system and $20 million for superior and juvenile court salaries. The total costs the state will pass on to the county will not be known until the Legislature passes its final budget.

Table adopted a policy in August 2021 pass on these increased costs to taxpayers. But Lesher said the policy will not be implemented yet. Other sources of funding, such as this year’s general fund balance, will be used instead.

“We’re looking at maybe eight to ten cents or more that someone’s tax bill could go up to account for this transfer of costs from the state,” she said. “Ultimately, the board agreed that it was not good policy at this stage and we can wait to implement it.”

Contact journalist Nicole Ludden at nludden@tucson.com

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PA officials call for strengthening rental property tax rebate program https://eshcinsel.net/pa-officials-call-for-strengthening-rental-property-tax-rebate-program/ Fri, 13 May 2022 09:36:38 +0000 https://eshcinsel.net/pa-officials-call-for-strengthening-rental-property-tax-rebate-program/ Pennsylvania lawmakers and community leaders gathered in Montgomery County on Wednesday, urging the General Assembly to use unspent $204 million US rescue plan funds to help seniors through property taxes and rent reimbursements. Pennsylvania Rental Property Tax Rebate Program has provided over $7 billion to seniors and people with disabilities for over 50 years. Rep. […]]]>

Pennsylvania lawmakers and community leaders gathered in Montgomery County on Wednesday, urging the General Assembly to use unspent $204 million US rescue plan funds to help seniors through property taxes and rent reimbursements.

Pennsylvania Rental Property Tax Rebate Program has provided over $7 billion to seniors and people with disabilities for over 50 years.

Rep. Steve Malagari, D-Montgomery, said his older constituents face many financial challenges, including rising prescription drug costs. He pointed out that the increased reimbursement could be a lifeline for them.

“Too many people are struggling to stay home and stay in touch with neighbors they call friends because their property tax bills or rents are rising beyond their control,” Malagari observed. “I know how essential the rental property tax rebate program is in Pennsylvania and how essential it is for the seniors who live here.”

The investment would be a one-time bonus, doubling existing rebates, with approximately 466,000 Pennsylvanians receiving an additional average rebate of $475.

Gazi Razzak has lived in Lansdale for 24 years and benefits from the discount scheme. He said any increase in the program would help, especially for older people like him, who have limited income.

“Right now it’s very difficult because the prices are going up. Food prices are at an all-time high,” Razzak pointed out. “Reimbursement extension support is needed now more than ever.”

Senator Maria Collett, D-Montgomery, introduced Senate Bill 1187, which would create the single premium discount. It was referred to the Urban Affairs and Housing Committee in April.

In Montgomery County, the Property Rent Tax Rebate program benefited more than 13,000 residents who received a total of $6.4 million. Nearly 75% of beneficiaries were aged 65 and over.

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City won’t increase tax rates or fees, but property tax increases with inflation https://eshcinsel.net/city-wont-increase-tax-rates-or-fees-but-property-tax-increases-with-inflation/ Thu, 12 May 2022 02:36:54 +0000 https://eshcinsel.net/city-wont-increase-tax-rates-or-fees-but-property-tax-increases-with-inflation/ City of Statesboro staff is proposing a budget for fiscal year 2023 that does not include any increase in municipal tax rates or fees. However, it is enjoying an estimated 7% growth in property tax revenues and is expected to draw more than $2 million from the city’s accumulated fund balance. “I am proud to […]]]>

City of Statesboro staff is proposing a budget for fiscal year 2023 that does not include any increase in municipal tax rates or fees. However, it is enjoying an estimated 7% growth in property tax revenues and is expected to draw more than $2 million from the city’s accumulated fund balance.

“I am proud to tell you that we are presenting a balanced budget with no fees or rate increases,” City Manager Charles Penny told Mayor Jonathan McCollar and members of City Council.

It was at the start of Penny’s presentation during their Tuesday budget working session. Fiscal years are named for the calendar year in which they end, and the 2023 city, county, and state fiscal year begins this July 1. A public hearing on the budget is scheduled for June 7, when the board will hold a regular meeting at 9 a.m. and a council vote to pass it is scheduled for June 21.

The city’s general fund for the current fiscal year 2022 covers $18.14 million in appropriations, and the general fund projected total for fiscal year 2023 is $20.48 million, an increase of 12, 9%. The general fund is the part of the budget that receives property tax revenue.

But the overall budget for the City of Statesboro is much larger. In addition to the general fund and a separate fund for the fire services, it includes special funds such as those for the sales tax on special use local options, or SPLOST, and the sales tax for transportation. , or T-SPLOST, and corporate funds with their own charges, such as water and sewer, natural gas, storm water, and solid waste collection.

The combined budget for all funds – less interdepartmental transfers – is $63.16 million for the current fiscal year and is proposed at $73.34 million for next year, an overall increase forecast of 16.1%.

Recovery and hiring

Among the proposed new spending is a 4% “compensation plan adjustment” or general increase for city employees, in addition to any individual increases for job performance.

“Last year we made a 3 percent. Our compensation plan had fallen behind,” Penny said. “Now this year, we’re going to recommend a 4% wage adjustment for all city employees, and inflation is 8.5%…and we can never keep up with inflation exactly.”

He also proposes increasing an annual holiday bonus from $100 to $500 and adding a holiday on Good Friday.

In combination with increases and increased bonuses, the proposed hiring of several additional employees and the previous addition of certain positions for which full 12 month costs will be recognized for the first time in fiscal year 2023, account for a large portion of new spending.

Penny offers to hire a corporate recruiter at an expected cost of $75,000 and provide $50,000 for hiring an event manager.

The Statesboro Police Department will not be permitted in this budget proposal to add 14 officer positions as requested. But the department does not have all the positions filled in the currently authorized number.

In this budget, Penny offers to add two police officers, along with the cars and equipment they need, and said he authorizes police chief Mike Broadhead to “overhire” four additional officers if he gets first the currently authorized strength. Thus, he could add up to six other officers.

The city continues to budget for the costs of nine additional firefighters the board authorized for the Statesboro Fire Department a year ago. No more new locally funded firefighters are included in the proposed budget, but Penny said the city will again apply for a federal SAFER grant to add 12 firefighters.

The proposed budget also includes the first full year of projected costs for eight additional dispatchers who were authorized midway through the current fiscal year. This was done to transfer responsibility for the detailed dispatch of Statesboro firefighters, after the initial call, from the Bulloch County 911 center to the Statesboro Police Department’s internal dispatch center.

Four of the new dispatchers are budgeted from the city’s general fund; the other four from the firefighters’ fund.

Revenue Trends

On the revenue side, Penny and her staff forecast an 8.6% increase in general fund revenue, including 7% growth in the value of the property tax summary. This preliminary projection, provided by Chief Assessor John Scott of the Bulloch County Office of Tax Assessors, includes the growth of any new construction or building improvements in the city, as well as inflation in the value of existing properties.

Again, Penny is not offering any increase in the city’s mileage rate. But property taxes also rise with inflation in property values, and under a Georgia law known as the Property Taxpayer’s Bill of Rights, the city must either reduce its mileage to compensate for inflation in existing property values. , or announce a tax increase and hold three hearings. .

Penny isn’t offering a rollback either, he confirmed in an email Wednesday.

A discount or hearings are not needed for construction and development gains, only for inflation. Scott doesn’t have a breakdown of those categories yet, he said in a phone interview Wednesday, but he said his goal is to have it within the next week to 10 days. This data is required by county commissioners and the school board, as well as the city, as all have separate receding rates to be determined.

But he confirmed that inflation will account for the majority of the city’s digested growth. Home prices have skyrocketed.

“The majority of that would be inflationary growth,” Scott said. “Frankly, this housing market – this is my 39th year of property tax assessment, and I wasn’t here after WWII or Civil War or WWI – but during my 39 years old, it is certainly unprecedented what happened last year at 18 months.

Spend your balance

Even with the growth, the City’s proposed spending exceeds projected new revenues for fiscal year 2023 by more than $2 million in the general fund and more than $300,000 in the fire services fund.

A city request that the Bulloch County Board of Commissioners increase the county’s special mileage in the Statesboro Fire Department’s service district outside of city limits will be explored in a separate story.

From the end of fiscal year 2020 to the end of fiscal year 2021, the city increased its overall fund balances by nearly $5 million, to $28.9 million. In fiscal year 2021, the city received previously unexpected federal funding under the CARES Coronavirus Aid, Relief, and Economic Security Act. The general fund balance alone increased by $1.4 million, from $7.1 million to $8.5 million, as shown in Penny’s budget slideshow.

Another slide compared Statesboro’s current property tax rate of 7.308 million to those of 20 other nearby or similarly sized Georgia cities, showing Statesboro is in the bottom half.

Penny warned the mayor and council that they cannot rely on spending from an accumulated balance for long.

“We used $2,062,653 of the fund balance just to balance the general fund budget,” he said. “Now we have seen the growth of the fund balance so we can recommend it to you, but I also have to tell you that using this amount of money is not sustainable. You can do it for a year and then after that , we must have income somewhere.

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Pennsylvania governor calls for property tax relief package https://eshcinsel.net/pennsylvania-governor-calls-for-property-tax-relief-package/ Wed, 11 May 2022 19:10:59 +0000 https://eshcinsel.net/pennsylvania-governor-calls-for-property-tax-relief-package/ Governor Wolf asks the General Assembly to invest in older Pennsylvanians and people with disabilities through a property tax relief program HarrisburgPA (STL.News) Governor Tom Wolf was joined by Rep. Steve Malagari, Senator Maria Collett and community leaders today to discuss Governor Wolf’s call to the Pennsylvania General Assembly to immediately use a portion of […]]]>

Governor Wolf asks the General Assembly to invest in older Pennsylvanians and people with disabilities through a property tax relief program

HarrisburgPA (STL.News) Governor Tom Wolf was joined by Rep. Steve Malagari, Senator Maria Collett and community leaders today to discuss Governor Wolf’s call to the Pennsylvania General Assembly to immediately use a portion of the $1.7 billion not spent from the American Rescue Plan Act to help seniors and people with disabilities through property taxes and rent reimbursements to recover from the COVID-19 pandemic.

“Our Commonwealth is sitting on billions of dollars of federal COVID-19 relief money that is meant to help our citizens and it’s past time to use that money for its intended purpose – to improve the lives of Pennsylvanians,” said said Governor Wolf. “For Pennsylvanians on a budget or a fixed income, inflation driving up costs on everything, can lead to painful decisions. That’s why I want to use a portion of Pennsylvania’s federal COVID-19 relief funding to give a boost to this agenda and legislation has been introduced in support of my plan.Now I call on Republican leaders in the General Assembly to take action to send these bills to my office.

In February, Governor Wolf proposed its $1.7 billion action plan, which includes a proposal to allocate $204 million to provide property tax relief to Pennsylvanians by investing in the existing property tax rebate program for rents. This investment would be a one-time premium rebate for current users of the program, doubling existing rebates with approximately 466,000 Pennsylvanians receiving an additional average rebate of $475. Since its creation in 1971, the Property/Rent Tax Rebate Program provided more than $7.1 billion to seniors and people with disabilities.

In Montgomery County, the property tax/rent rebate program benefited 13,442 Pennsylvanians who received a total of $6.4 million. Nearly 75% of these beneficiaries were aged 65 and over.

“For seniors and many others across the state, they have been impacted by rising health care and prescription drug costs, as well as the rising cost of food, utilities and other necessities of life,” said Representative Malagari. “The proposal to use these funds to mitigate the damage inflicted by the pandemic on financially vulnerable residents is exactly what federal funds are meant to do.”

Senator Collett SB 1187 recently introduced, which supports Governor Wolf’s proposal to provide the single premium discount, which was referred to the committee in early April. The bill has stagnated since.

“As Democratic Chairman of the Senate Committee on Aging and Youth, I am thrilled to see Governor Wolf support initiatives like this to help elderly and disabled Pennsylvanians,” said Senator Collett. “My legislation (SB 1187) would double this year’s payments under the property tax/rent rebate program, ensuring our most vulnerable neighbors are able to keep roofs over their heads. With billions of Federal ARPA dollars to spend, there is no excuse not to make this investment.

In addition to members of the General Assembly, Governor Wolf was joined by Montgomery County Board of Commissioners Chairperson Dr. Valerie Arkoosh in supporting the proposal and the proposed legislation at today’s event. today. AARP also praised the proposal.

“Everyone is paying more for almost everything today – from prescription drugs to gas to housing, but the inflation problem is harder for people on fixed incomes,” said Bill Johnston- Walsh, Pennsylvania State Director of AARP. “The very purpose of the American Rescue Plan Act is to provide flexible emergency funding to state and local governments to effectively respond to the negative economic impacts created by the pandemic. AARP Pennsylvania is pleased to support this critical investment of American Rescue Plan Act dollars to support beneficiaries of the Property Rent Tax Rebate Program.

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Shimla MC names and shames property tax defaulters : The Tribune India https://eshcinsel.net/shimla-mc-names-and-shames-property-tax-defaulters-the-tribune-india/ Tue, 10 May 2022 02:11:00 +0000 https://eshcinsel.net/shimla-mc-names-and-shames-property-tax-defaulters-the-tribune-india/ Tribune press service Subhash Rajta Shimla, May 9 The Shimla Municipal Corporation has resorted to exposing and shaming property tax defaulters. With around 7.83 crore in tax to be made on around 4,500 properties through March 31, the MC has posted the names of the defaulters on its website. “The idea behind publishing […]]]>


Tribune press service

Subhash Rajta

Shimla, May 9

The Shimla Municipal Corporation has resorted to exposing and shaming property tax defaulters. With around 7.83 crore in tax to be made on around 4,500 properties through March 31, the MC has posted the names of the defaulters on its website.

“The idea behind publishing these names on the website was to pressure them into paying their pending tax,” Commissioner MC Ashish Kohli said.

“And if those people still don’t pay, the MC will consider taking legal action against them,” Kohli warned.

According to MC officials, the majority of defaulters have not paid in the past 4-5 years. Faced with so much reluctance, the MC took the decision to make the names public. Most of the tax is due on commercial properties, the amount due on residential properties is not much,” Kohli said.

The scheme seems to have worked to some degree as some defaulters started approaching the MC. “A few people paid after the names were posted on the website. Also, people are calling to remove their name from the list, claiming they will pay soon. Our recovery rate is around 85%, there are only around 15% of cases where people have to be pushed,” he said.

Property tax is the main source of income for MC from its sources. The usually cash-strapped civic body hopes to collect around Rs 20 crore from the levy, although the actual achievement is far less. “The MC earns Rs 25-30 crore a year from its own sources, with the lion’s share coming from property tax,” Kohli said.

The amount is miniscule considering that MC spends around Rs 70 crore on salary and pension of its employees alone. Although almost every MC has limited income generating resources and operates mostly on government grants, generating higher income from their resources would only help them. The MC had proposed levying a green tax on out-of-state vehicles, but the proposal has yet to see the light of day.

Rs 7.8 cr pending

  • A tax of around 7.83 crore is to be made on around 4,500 properties until March 31
  • Most of the tax is pending commercial property owners
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Texas voters approve two modest property tax relief measures https://eshcinsel.net/texas-voters-approve-two-modest-property-tax-relief-measures/ Sat, 07 May 2022 10:00:00 +0000 https://eshcinsel.net/texas-voters-approve-two-modest-property-tax-relief-measures/ Subscribe to La Brèveour daily newsletter that keeps readers informed of the most important news from Texas. As the state’s housing market rages, Texas homeowners will enjoy a slight reduction in their property tax bills after Texas voters overwhelmingly passed a pair of nationwide ballot measures. of the state on Saturday. Voters approved two proposals […]]]>

Subscribe to La Brèveour daily newsletter that keeps readers informed of the most important news from Texas.

As the state’s housing market rages, Texas homeowners will enjoy a slight reduction in their property tax bills after Texas voters overwhelmingly passed a pair of nationwide ballot measures. of the state on Saturday.

Voters approved two proposals to cut property taxes for homeowners by decisive margins – one aimed at elderly and disabled Texans and another that would provide small relief to homeowners at all levels.

“Victory for ALL Texas landowners!” —Governor Greg Abbott tweeted Saturday night.

Texas’ high property taxes once again took center stage amid the state’s booming housing market. Home values ​​in the state’s major metropolitan areas have jumped double digits, prompting homeowners to worry about seeing a similar rise in their property tax bills – although these don’t necessarily go hand in hand .

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Proposition 1, a measure essentially aimed at reducing school district property taxes for homeowners age 65 and older or with disabilities, has been widely adopted, according to Decision Desk.

The vast majority of voters also approved Proposition 2, to increase the state’s homestead exemption — the dollar amount of a home’s value that is exempt from tax by school districts — from $25,000 to $40,000. The owner of an average Texas home worth about $300,000 will save about $175 on their annual property tax bill, the Republican senator said. Paul Bettencourt of Houston, who drafted the proposals, said.

“It’s great to see Texas voters voting overwhelmingly for property tax relief,” Bettencourt said Saturday. “They recognize the evidence that Texas properties need it.”

The projected savings under Proposition 2 are only a fraction of a given homeowner’s property tax bill.

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“It’s not that meaningful,” said Chandra Kring Villanueva, program director of left-leaning nonprofit Every Texan that focuses on school finances. “What it’s really doing is slowing the growth of the school tax bill rather than seeing a real saving for the majority of homeowners.”

State lawmakers are trying to find other ways to cut property taxes or at least slow their growth — a favorite issue for Republicans in Texas. Lieutenant Governor Dan Patrick asked a Senate committee chaired by Bettencourt to consider reform measures or property tax cuts before the next session of the Texas Legislature in January.

“I expect there’s more to do, obviously, than that,” Bettencourt said. “But the good news is no matter what, it’s $175 in people’s pockets in perpetuity.”

Property tax bills for Texas homeowners are among the highest in the nation – the result of the state’s reliance on property taxes to fund local governments, especially public schools, as well as the lack of tax on state revenue. In general, the amount of property taxes a homeowner owes in a given year depends on the tax rates set by the cities, counties, and school districts where they live and the value of their home.

A d

Measures are in place to try to slow the growth of property taxes. Under state law, the assessed value of a homeowner’s primary residence cannot increase by more than 10% in any given year if they qualify for a homestead exemption.

Three years ago, state lawmakers capped school district tax rates and required cities and counties to seek voter approval if they wanted to raise their total tax revenue by 3.5% or more than the previous year. These laws have slowed property tax growth, according to a recent report by the Texas Taxpayers and Research Association — but not entirely.

The issue has come to the fore in the race for governor – with Abbott and Democratic opponent Beto O’Rourke presenting dueling proposals.

Abbott has launched a “taxpayer bill of rights” that includes ideas to further reduce school property tax rates, make property assessments more transparent, and limit the ability of local governments to take on new debt without first asking voters.

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O’Rourke, meanwhile, said the state should claw back 50% of public school spending and suggested legalizing marijuana, casino gambling and sports betting as ways to generate more tax revenue.

Meanwhile, state lawmakers are considering a $12 billion surplus in state revenue to pay for some public school costs so districts can lower their property tax rates. Texas is also suing the federal government for the right to use $3 billion in federal stimulus funds to pay for tax cuts.

Disclosure: Each Texan and the Texas Taxpayers and Research Association financially supported The Texas Tribune, a nonprofit, nonpartisan news organization that is funded in part by donations from members, foundations and corporate sponsors. Financial supporters play no role in the journalism of the Tribune. Find a suit list here

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Have a question about property tax in Texas? As the protest deadline approaches, we ask Glenn https://eshcinsel.net/have-a-question-about-property-tax-in-texas-as-the-protest-deadline-approaches-we-ask-glenn/ Fri, 06 May 2022 16:29:52 +0000 https://eshcinsel.net/have-a-question-about-property-tax-in-texas-as-the-protest-deadline-approaches-we-ask-glenn/ For someone trying to save you money, Glenn Goodrich has an appropriate last name. He is a licensed property tax consultant and founder of Propertytax.ioa unique company that prepares protest packages for customers. The watchdog gets many questions about property taxes, but I can’t guess the answers. When in doubt, I consult Glenn and others. […]]]>

For someone trying to save you money, Glenn Goodrich has an appropriate last name.

He is a licensed property tax consultant and founder of Propertytax.ioa unique company that prepares protest packages for customers.

The watchdog gets many questions about property taxes, but I can’t guess the answers. When in doubt, I consult Glenn and others.

Here are real letters from readers, who sent me questions. And I, in turn, ask Glenn.

Question: I believe a strong case can be made to dispute the market value based on recent comps. However, it will be much more difficult to challenge the appraisal value. Should we still protest and dispute the announced market value?

Glen: You can only dispute the market value, not the appraised value. The only way to reduce the appraised value (ownership ceiling) is to reduce your market value below the appraised value. This year, it will be extremely difficult to obtain a reduction lower than the appraised value. I advise people to take a longer term approach and start writing down the value. A lower value this year can help you down the road.

Question: Can I dispute the value of the land?

Glen: You cannot dispute only the value of the land or only the value of the improvement. You can only dispute the total value. Your best chance to cut back this year is to focus on ownership structure. Show pictures of dilapidation or items that need updating, such as the kitchen.

Question: I have indicated on the form that I will not be present at the hearing. Do I always have to send three copies of the intent and evidence to the members of the Assessment Review Board (ARB) and one to the assessor?

Glen: If you don’t show up in person, just send a copy. If you’re going in person, I recommend bringing five copies.

Question: It seems futile to file a complaint. But it also looks like I’m set up for 10% annual increases for years to come.

Glen: Like I said, this is the year to start writing down. It’s an easy process. There is no risk. And as citizens, we need to monitor the assessment district to make sure they’re doing the best job they can.

Question: My house may be undervalued, and my protests could draw attention to that.

Glen: As of 2020, it is illegal for the ARB to increase your value due to a protest. Filing a protest is a welcome part of the process.

The Watchdog

Question: Why bother protesting since the capped value can only go up 10% per year anyway?

Glen: It makes sense to protest your value this year to prevent your capped value from increasing by 10% next year. Assessment districts are required to reassess a neighborhood every three years, so this year’s reductions could very well see future benefits.

Question: My neighbor has made many improvements. How can the assessment district be helped to know them?

Glen: I would focus on your property. Show them photos that show your house needs some work (cracks in the floor, outdated appliances, etc.).

Question: I live in a street with 16 houses. I visited the appraisal district website and pulled out each property, comparing square footage and market value. Our house is the fourth smallest with the third highest taxes. How can this be true or fair?

Glen: Much more than the dollar per square foot is in their system. Look at the desirability ratings of these properties. It should be listed in the improvement section. It should say something like excellent, very good, good, average, fair, poor, or very poor. If you have a higher rating that could explain the difference, you can lower your condition by providing photos that show your home is not as nice as other homes on your street.

Everything you ever wanted to know about the property tax protests.

Question: I am over 65. Should I still protest?

Glen: There are valid reasons to keep protesting when you are over 65. First, part of your tax bill may still increase. With a fixed income, you obviously want to watch that. Second, you may want to reduce the tax value when you leave your home as part of an inheritance. Third, one of the constitutional amendments from the May 7 election allows your frozen amount to be reduced if you get a reduction below the current frozen amount.

Question: We just bought a tiny house, and it’s taxed about 15% more than what we bought it for.

Glen: Due to the unprecedented market appreciation we have seen over the past year, appraisal districts do not automatically honor your purchase price from the prior year. I suggest you file a protest and submit your HUD-1 form from your closing documents and include the appraisal done on the home for your mortgage. If they don’t diminish your value in informal negotiations, take your case to the ARB, which isn’t bound by the same rules that appraisal districts impose on themselves.

You may have a better chance of getting the reduced value than what you paid at ARB. The closer a sold property is to the appraisal date (January 1, 2022), the more likely it is that the appraisal district will accept the sale price. If I were you, I would say that my house may have appreciated a little, but not as much as they claim.

To finish, a reader asked Glenn a question that consumed an entire typed page. In his response, he suggested, “Can I give some advice? Find a way to sum it up in a few sentences. Your time is limited and what you have written is a bit overwhelming for someone on an ARB who has five minutes to make a decision. Just a few friendly tips to make this more efficient.

Remember that the deadline in most counties to file a protest is May 16. There are exceptions (Denton County for one), so check your assessment notice. And if you didn’t get one, go to the Assessment District website and search for your property.

Dallas Morning News watchdog Dave Lieber recommends that you file a protest on your property...

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Governor Celebrates Property Tax Cuts for Kansas Residential Properties with Ceremonial Bill Signing https://eshcinsel.net/governor-celebrates-property-tax-cuts-for-kansas-residential-properties-with-ceremonial-bill-signing/ Thu, 05 May 2022 20:02:22 +0000 https://eshcinsel.net/governor-celebrates-property-tax-cuts-for-kansas-residential-properties-with-ceremonial-bill-signing/ TOPEKA — Governor Laura Kelly ceremoniously signed legislation at a Topeka home on Wednesday to celebrate the bipartisan passage of Bill 2239, which cuts property taxes. It provides additional tax relief to Kansas veterans and seniors through property tax refunds and gives tax credits to teachers who buy school supplies out of their own pocket. […]]]>

TOPEKA — Governor Laura Kelly ceremoniously signed legislation at a Topeka home on Wednesday to celebrate the bipartisan passage of Bill 2239, which cuts property taxes. It provides additional tax relief to Kansas veterans and seniors through property tax refunds and gives tax credits to teachers who buy school supplies out of their own pocket.

“I know inflation is hurting everyone’s wallet and the costs are going up,” Governor Laura Kelly said. “So today we are celebrating a bipartisan tax cut for families to put money back in the pockets of Kansans. Families will now have more money to buy food, school supplies or pay for school fees. bills – every little bit counts. We will continue to make fiscally responsible decisions to provide relief to Kansans across the state.”

“It has always been a dream of mine to make it easier for seniors on fixed incomes and veterans with disabilities to stay in their homes.” Senator Tom Holland, a ranking minority member on the Senate Committee on Assessment and Taxation, said. “Seniors and veterans have contributed so much to our communities, our state, and our country, and this bill gives everyone another reason to live out their golden years in their home right here in Kansas.”

“I was proud to work with lawmakers from both parties on legislation that provides needed tax relief for homeowners and encourages growth and reinvestment in two of our largest industries, agriculture and aviation,” said Rep. Adam Smith, chairman of the House Taxation Committee, mentioned. “The investments and tax credits we are making this year are designed to promote economic growth across the state for many years to come while keeping property taxes low for homeowners.”

Residential property taxes up to the first $40,000 of assessed value will be exempt. This property tax reduction will save Kansans more than $133.5 million in residential property taxes and will apply to more than one million properties statewide.

In addition, HB 2239 is offering Kansans over the age of 65, surviving spouses, or disabled veterans a new property tax refund program beginning with the 2022 tax year. This program will refund in based on changes in property tax rates. Property tax relief was highlighted in the final report presented by the Governor’s Council on Tax Reform, which examined a comprehensive approach to balancing sales, income and property taxes to make Kansas a more attractive place to live and work.

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