Property tax – Eshcinsel http://eshcinsel.net/ Mon, 29 Nov 2021 13:51:59 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://eshcinsel.net/wp-content/uploads/2021/10/icon-41-120x120.png Property tax – Eshcinsel http://eshcinsel.net/ 32 32 Shelby County Mayor and Trustee Announce Property Tax Relief for Seniors and Veterans https://eshcinsel.net/shelby-county-mayor-and-trustee-announce-property-tax-relief-for-seniors-and-veterans/ Wed, 24 Nov 2021 22:49:42 +0000 https://eshcinsel.net/shelby-county-mayor-and-trustee-announce-property-tax-relief-for-seniors-and-veterans/ MEMPHIS, Tenn. – Some people living in Shelby County have another reason to be very grateful for Thanksgiving. The Mayor and Shelby County Administrator on Wednesday announced that property tax relief would be available to low-income seniors, residents with disabilities and disabled veterans in the county. Executives call it a game changer, saying it will […]]]>

MEMPHIS, Tenn. – Some people living in Shelby County have another reason to be very grateful for Thanksgiving. The Mayor and Shelby County Administrator on Wednesday announced that property tax relief would be available to low-income seniors, residents with disabilities and disabled veterans in the county.

Executives call it a game changer, saying it will make a big difference in thousands of lives.

Cassandra Spearman has another reason to smile when she reunites with her family for Thanksgiving. She has owned her home in Westwood for over 20 years.

Ms. Spearman is one of the recipients of property tax relief in Shelby County. Recently his taxes have gone up making it difficult while living on a fixed income.

She knows she is not alone. There are many who need to spend their money on other things.

County leaders met on Wednesday to discuss expanded property tax relief.

It uses federal funds from the American Rescue Plan Act to double the amount of relief currently available through the Shelby County Trustee’s Office, which matches the property tax relief of the State.

It increases the maximum amount of assistance available to seniors and people with disabilities from $ 250 to $ 500 and from $ 1,500 to $ 3,000 for veterans with disabilities.

“These are also the people who deserve our collective embrace, our seniors, our veterans, our residents with disabilities,” said Mayor Lee Harris.

The county said last year that more than 8,100 residents had received tax relief.

With the county’s new buddy program, they expect more people to get the help they need.

Shelby County Administrator Regina Morrison Newman said the program was necessary to keep residents in their homes.

“The tax relief program is absolutely vital to keeping our residents in their homes,” she said. “And while we set records, break new records every year, collect more taxes than ever before, at the same time we’ve closed more payment plans than ever.

Spearman now wants to encourage others to apply.

“There is a great need and I hope more people will ask for it because it will help them a lot and I am sure if they need help with their requests they can call and ask someone. ‘one to help them, but they have to do it. know that you have money that you can keep in your pocket, ”she said.

The income limit for elderly and disabled residents is $ 31,190. There is no income limit for disabled veterans, the widowers of a disabled veteran, or the spouse of a soldier killed in action.

To apply for 2021 Shelby County Property Tax Property Tax Relief, please contact Shelby County Trustee Customer Service at (901) -222-0200.

The deadline to apply is April 5, 2022.


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Delhi: SDMC proposes to increase property tax by 2-5% | Delhi News https://eshcinsel.net/delhi-sdmc-proposes-to-increase-property-tax-by-2-5-delhi-news/ Tue, 23 Nov 2021 23:07:00 +0000 https://eshcinsel.net/delhi-sdmc-proposes-to-increase-property-tax-by-2-5-delhi-news/ NEW DELHI: With the finances of the South Delhi Municipal Corporation in the doldrums, its commissioner has proposed a 2-5% increase in tax rates for residential, commercial and non-residential properties. But with Tuesday’s budget being the last before the 2022 municipal elections, the civic body’s deliberative wing is unlikely to dismay voters by approving the […]]]>
NEW DELHI: With the finances of the South Delhi Municipal Corporation in the doldrums, its commissioner has proposed a 2-5% increase in tax rates for residential, commercial and non-residential properties. But with Tuesday’s budget being the last before the 2022 municipal elections, the civic body’s deliberative wing is unlikely to dismay voters by approving the tax hike.
The budget for 2022-2023 proposed to divide all classified residential properties into two slabs, A to E and F to H, and to levy 14% of the annual value in tax in the first and 12% in the second. Currently, the rate is 12% in categories A and B, 11% in categories C to E and 7% in categories F to H.

For non-residential and commercial properties, the proposal was to set the tax rate at 15% for AD category properties. From now on, the rate is 15% for categories A and B and 12% for categories C and D. It has been proposed to increase the property tax on commercial and non-residential properties of categories E, F, G and H at 12% compared to the existing 10%.
Commissioner Gyanesh Bharti said: “We hope to increase property tax revenue by 15% after these increases are implemented. This is important to pull the civic body out of the deep financial crisis. If not implemented, SDMC will face a serious problem of paying wages on time. ”
The increase in property taxes will bring in Rs 1,445 crore in 2022-23 against Rs 1,260 crore in 2021-2022. It has also been proposed to add hotels, motels, corporate guesthouses, neighborhood centers, malls and stores in DMRC complexes and restaurants without a bar to the list of properties taxed at 20% instead of the 15 % existing.
The proposals also included reducing the 15% exemption for paying property tax before June 30 to 10% and reducing to 20% the 30% allowance granted to the elderly, the disabled and the elderly. women. Similarly, for the lump sum payment of tax advances by collective housing cooperatives, the budget proposed to reduce the incentive from 20 to 10% and to end the 10% allowance granted to DDA and CGHS apartments. up to 100 m². Bharti said: “We will also appeal to the Delhi government to reduce the transfer duty from the current 3% to 1%.”
Bharti claimed that SDMC is looking at all sources of income generation. “We implemented the policy of installing mobile towers in 2020 and until October 2021, we generated Rs 15 crore from 117 sites. Advertising revenue has increased from the proposed Rs 170 crore to Rs 90 crore due to the pandemic. We now hope to generate higher revenues by allocating space for LED / digital advertising in 13 other markets, ”Bharti said during the SDMC budget presentation.
Bharti also said, “The tenders for the construction of a parking lot for 238 cars at GK II, 81 in Amar settlement and 225 near the Punjabi Bagh cremation center will be launched soon. Such space has also been identified at Punjabi Bagh Club Road and B-1 Janakpuri. ”


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Longview Maintains Property Tax Levels, Provides ARPA Relief Fund | Government and Politics https://eshcinsel.net/longview-maintains-property-tax-levels-provides-arpa-relief-fund-government-and-politics/ Fri, 19 Nov 2021 23:15:00 +0000 https://eshcinsel.net/longview-maintains-property-tax-levels-provides-arpa-relief-fund-government-and-politics/ Two actions by Longview City Council Thursday night shaped what the city’s budget will look like next year. The council voted not to increase the property tax levy for 2022. A city council subcommittee presented its recommendations on how to use $ 8.1 million of American federal relief funds. Rescue Plan Act. Council’s decision not […]]]>

Two actions by Longview City Council Thursday night shaped what the city’s budget will look like next year.

The council voted not to increase the property tax levy for 2022. A city council subcommittee presented its recommendations on how to use $ 8.1 million of American federal relief funds. Rescue Plan Act.

Council’s decision not to make the 1% property tax increase available by state law results in a tax rate of $ 2.24 per $ 1,000 of assessed property value, down from 18 cents over this year’s tax rate.

The vote was 4-2, with Hillary Strobel and Ruth Kendall voting against. Both said the 1% increase in revenue would still lower the property tax rate and help the city fund future projects.

Christine Schott said she was torn over whether to vote to keep the levy stable. While taking the increase would still have led to a small tax cut for residents, Schott ultimately decided that current inflation and the overall economic situation made avoiding the increase the best option.

“That’s the principle right now,” Schott said.

While the regular property tax rate will remain stable, Longview should still see a slight increase in income. New construction and the increase in the value of Crown-owned land are expected to increase the city’s general fund revenue by $ 83,900.

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ARPA plans will cover 15 urban projects

Kendall, Strobel and Mike Wallin have worked on the subcommittee for three months to develop a plan for federal funds. The three have worked with members of several city departments to navigate the requirements for the types of urban projects eligible for American Rescue Plan Act funds.

Their proposal for Longview focuses on three broad areas: tackling homelessness and shortages of housing, water supply infrastructure and replacing the city’s revenue spent on recent projects.

The council group recommended using $ 2.8 million of the funds to expand water and sewer lines in five currently vacant properties. Wallin said expanding this infrastructure would help spark interest from new real estate developers in the properties and speed up housing projects that have already been offered to the city.

“This is underutilized and underdeveloped land, places that developers are already looking for, and we can provide a spark,” Wallin said.

The subcommittee predicts that the five locations will likely provide Longview with 170 single family homes, 34 townhouses and 46 homes for low and very low income residents.

A series of water and stormwater infrastructure projects will use $ 3.2 million of the funds. The group’s largest investment will create a dedicated fill line for the Mint Valley water tank, eventually improve water quality by requiring less chlorine, and increase the tank’s long-term capacity.

The reservoir project is the only proposed improvement that would not be fully funded by ARPA. Council members said the city would likely increase the water tariff and take out a bond to cover the remaining cost.

The remaining $ 2.1 million will be used to reimburse the city for recent public health projects and upcoming improvements. This list includes recent efforts to clean up the Alabama Street homeless campground, changes made by the Longview Public Library due to the pandemic, and a fleet of building renovations the city has delayed.

“We are using this tremendous amount of replacement income to get these improvements that we have held our breaths on and crossed our fingers on,” Strobel said.

The board will deepen the costs of some of the projects at a workshop in December and hopes to vote on all of the projects before the end of the year.


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House just voted to restore your property tax relief under $ 1.75 billion spending plan https://eshcinsel.net/house-just-voted-to-restore-your-property-tax-relief-under-1-75-billion-spending-plan/ Fri, 19 Nov 2021 14:56:00 +0000 https://eshcinsel.net/house-just-voted-to-restore-your-property-tax-relief-under-1-75-billion-spending-plan/ The United States House acted Friday to restore most of the federal deduction for state and local taxes cut by Congressional Republicans four years ago, voting to increase the cap to $ 80,000 until 2030 . The higher limit for deducting state and local taxes, known as SALT, was included in President Joe Biden’s $ […]]]>

The United States House acted Friday to restore most of the federal deduction for state and local taxes cut by Congressional Republicans four years ago, voting to increase the cap to $ 80,000 until 2030 .

The higher limit for deducting state and local taxes, known as SALT, was included in President Joe Biden’s $ 1.75 trillion proposal, which passed 220-213, with every Republican, including Representatives Jeff Van Drew, R-2nd Dist., and Chris Smith, R-4th Dist., voting no. All 10 House Democrats in New Jersey backed the bill.

“Big tax cut for Jersey,” said Rep Josh Gottheimer, D-5th Dist., Who has helped lead the fight to reinstate the deduction. “I’m over the moon, but more importantly I know the families at home are going to be over the top. “

“If you’re against this bill in Jersey, you’re basically saying you’re against lowering taxes,” he said.

This legislation, the third of the three biggest spending bills in response to the coronavirus pandemic and the economic downturn it has caused, would expand health coverage, lower prescription drug prices, reduce childcare costs, provide nursery school for 3- and 4-year-olds, extend for one year, the expanded child tax credit for lower and middle class households with children, ban offshore drilling in the Atlantic Ocean and take action to fight against climate change.

“This puts us on track to rebuild our economy better than before by rebuilding America’s backbone: working people and the middle class,” Biden said after the vote.

Friday’s action came after Progressives delayed a vote for months on a five-year, $ 1 trillion bipartisan infrastructure measure, which Biden signed into law on Monday. They did it to ensure that the moderates would support this bill, which they did.

Biden did not include the national and local deduction in his initial proposal, but White House press secretary Jen Psaki said Thursday the president was “comfortable with this development” and learned that the bill wouldn’t go through Congress without him.

“This is a sustainable solution, in our view, which means low-income people would be able to fully write off their national and local taxes,” Psaki said. “It’s part of the compromise.”

Changes to the deduction have yet to be approved by the Senate, and the final provision may look very different from the one passed by the House. U.S. Senator Robert Menendez and Senate Budget Committee Chairman Bernie Sanders, I-Vt., Are working on a plan to remove the entire cap, but impose an income limit of at least $ 400,000 to claim the deduction.

After a gubernatorial election in which New Jersey’s high taxes were a major issue and Gov. Phil Murphy won a tighter-than-expected race, endangered New Jersey House Democrats hailed the reinstating vote most local and national tax breaks.

One of them, Representative Mikie Sherrill, said she looked at three issues: funding the Gateway Tunnel, restoring the tax deduction and reducing prescription drug costs.

Gateway was in the infrastructure bill. The other two were in the bill the House passed on Friday. Biden also signed a $ 1.9 trillion coronavirus stimulus bill with direct payments of $ 1,400 to most Americans earlier this year, without unanimous opposition from Republicans.

“If people feel like I’m doing something for them, if they think the priorities I have are the priorities they have, I think it’s going to be very compelling,” said Sherrill, D-11th Dist.

Bills are popular with Americans. In a Quinnipiac University poll released on Wednesday, the infrastructure bill was supported by 57% to 37% and the bill that passed on Friday was supported by 58% to 38%.

The house tax provision would increase the limit on the deduction to $ 80,000 from this year until 2030. The limit would drop to $ 10,000 in 2031 before disappearing altogether. The additional revenue from maintaining a cap after it expires in 2026 under Republican tax law would fund the higher deduction cap and reduce the federal deficit.

“Considering our cost of living and tax rates in New Jersey, if you’re a married teacher to a firefighter, a $ 10,000 cap hurts you a lot,” Rep. Tom Malinowski, D said. -7th Dist., Who proposed the plan. . “We have designed a solution that offers full deductibility to all these middle class people at no cost to the federal budget over 10 years.”

Other than California, no state would fare better under the higher deduction cap than New Jersey, according to the Progressive Institute of Taxation and Economic Policy. The average Garden State taxpayer would save $ 980, behind just $ 1,070 in California.

Republicans in Congress have criticized the SALT provision as a gift to the wealthy. “Penthouse gets obscene $ 125,000 tax break – but building janitor gets nothing,” said Representative Kevin Brady of Texas, the top Republican on the House Ways and Means Committee .

Tax Policy Center analysis found that while 70% of the benefits went to the richest 5% of taxpayers, nearly half of those who would see their deductions increase, 47%, earn less than $ 254,500. Even with the increase in the SALT deduction, the richest 1% of taxpayers would see their taxes increase, the center said.

According to the Tax Policy Center, the Republicans’ tax cut in 2017 granted 21% of the benefits to the richest 1% of taxpayers, and they sought to repeal the tax paid only by estates of more than $ 11 million. dollars, none of which are family farms. or small businesses. Their tax law increased the federal deficit by about $ 1.9 trillion over 10 years.

“Republicans didn’t cap SALT in 2017 because they wanted to tax the rich, they cap SALT to pay even bigger tax cuts for the super rich and corporations and to punish states like New Jersey where we pay a little more tax to support the best schools in the country, ”said Malinowski, another of the Democrats at risk.

Republicans have admitted to placing a deduction cap to make it more difficult for New Jersey and other states to raise local taxes to provide services to their residents, a topic that House Speaker Nancy Pelosi, D -California, addressed at a press conference hours before the vote.

“It’s not about who gets the tax cut, but which states get the income they need to meet the needs of the people,” Pelosi said at a press conference Thursday. .

While Smith opposed the GOP tax cut and supported other efforts to restore the national and local deduction, he said he voted against the measure because of concerns about inflation and the cost of the bill.

“We don’t have that money,” he said. “I wish there was a stand-alone SALT bill.”

He also said the legislation provided for taxpayer funding for abortion. “Taxpayers should not be forced to subsidize or facilitate the murder of an unborn child,” he said.

Van Drew explained his vote this way: “We cannot allow the federal government to insert its overly broad governmental scope into the lives of Americans, from the time they are born, and undermine the right to individual freedom ”.

This latest spending bill would increase the federal deficit by $ 367 million over 10 years, but that figure could decrease or even disappear if the Internal Revenue Service’s new effort to get wealthy Americans to pay all the taxes they they should bring in more income than expected.

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Jonathan D. Salant can be reached at jsalant@njadvancemedia.com. Follow him on @JDSalant.

Start your day with the latest news from Trenton, DC and your city. Receive the NJ Politics newsletter now.



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Minneapolis residents shocked as some have seen property tax estimates rise 20% or more – WCCO https://eshcinsel.net/minneapolis-residents-shocked-as-some-have-seen-property-tax-estimates-rise-20-or-more-wcco/ Wed, 17 Nov 2021 23:21:00 +0000 https://eshcinsel.net/minneapolis-residents-shocked-as-some-have-seen-property-tax-estimates-rise-20-or-more-wcco/ MINNEAPOLIS (WCCO) – Many residents of Hennepin County are in shock after receiving proposed levies and taxes for 2022. Some have seen their property tax estimates increase by more than 20%. This is especially true for many north Minneapolis homeowners, some who have seen proposed increases of up to 40%. READ MORE: In a one-on-one […]]]>


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What relief from the property tax? And gasoline prices exceed TCI | Chris Powell https://eshcinsel.net/what-relief-from-the-property-tax-and-gasoline-prices-exceed-tci-chris-powell/ Mon, 15 Nov 2021 15:45:00 +0000 https://eshcinsel.net/what-relief-from-the-property-tax-and-gasoline-prices-exceed-tci-chris-powell/ Governor Lamont noted last week that he was considering property tax relief, apparently in the context of his campaign for re-election next year. Of course, for decades the whole state thought about property tax relief and a lot of politicians chatted about it, so where is it? Because the property tax trend in Connecticut has […]]]>

Governor Lamont noted last week that he was considering property tax relief, apparently in the context of his campaign for re-election next year. Of course, for decades the whole state thought about property tax relief and a lot of politicians chatted about it, so where is it?

Because the property tax trend in Connecticut has long been and remains higher. At best, some cities manage to keep their property tax rates stable in an occasional budget year. Then they go up.

The governor’s idea of ​​property tax relief is just a property tax credit against state income tax, a tax credit that has made occasional appearances over the years. years when governors wanted to pose in the run-up to state elections, a sort of bribe for voters. But the property tax credit is no relief at all, just a replacement of a small amount of local property taxes with revenue from state taxes. The net total of taxes does not change, nor does a city’s property tax rate.

When the state government’s financial position tightens, the property tax credit is reduced or eliminated.

Overall, this type of property tax relief has been offset by state tax increases.

Some argue that this tax transfer is an improvement because the state government’s tax base is much larger than the municipal tax base and therefore the state can tax the rich globally. But for most people, the tax transfer is a washout, and its only real beneficiaries are government employees and dependents, who receive most of the money.

The long-standing failure to obtain property tax relief This may sound strange, as every state budget contains appropriations for cities which are hailed as property tax relief. But most of that money is diverted to increase the pay of unionized municipal government workers, pay that typically consumes at least two-thirds of municipal budgets.

There can therefore be no relief from property taxes until municipalities control their labor costs, and this will not be possible as long as state law requires municipalities to arbitrate. compulsory union contracts for municipal employees.

Real land tax relief would require the repeal of binding arbitration or at least the authorization of municipalities to elect arbitrators who set the terms of contracts. This would force cities to hold referendums on municipal property tax increases and a state law placing a cap on municipal property tax rates.

Most importantly, the public should wrest control of the state government and municipalities from the unions of government employees, who control the majority political party in the state. That is why no Democratic governor is likely to grant property tax relief.

So thinking of a property tax break, as the governor says, is about as effective as thinking of a ham sandwich when someone else has already eaten it.

* * *

For long months, the governor and many lawmakers in Democratic states have been eager to involve Connecticut in what they call the Transportation Climate Initiative, or TCI, a regional deal to raise wholesale taxes on gasoline in the name of collecting gasoline. funds for cleaner means of transport. Supporters of the deal said it would not raise gas prices in Connecticut by more than 15 cents a gallon.

But now gas prices are skyrocketing – an increase of $ 1.34 a gallon or 65% from last year. The Biden administration has crippled the US energy industry and inflation is raging in general and eroding living standards. So Democrats seem to be losing their enthusiasm for the higher gas prices.

Support for the TCI is waning and 11 U.S. Democratic Senators, including Richard Blumenthal of Connecticut, last week urged the president to lower gas prices, possibly by freeing oil from the strategic oil reserve.

Gas prices in particular and inflation in general are likely to have a big influence on next year’s state and congressional elections. So, with the Democrats in control in Washington and Hartford, what political price are they willing to pay for their environmental stance against carbon-based fuels?

Probably not much, in which case they’ll show that they never really believed what they said about the alleged climate change emergency. This urgency will prove to be less urgent than the next elections.

Chris Powell is a columnist for the Journal Inquirer.


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Dharamsala Municipal Corporation merged areas to pay property tax from January: The Tribune India https://eshcinsel.net/dharamsala-municipal-corporation-merged-areas-to-pay-property-tax-from-january-the-tribune-india/ https://eshcinsel.net/dharamsala-municipal-corporation-merged-areas-to-pay-property-tax-from-january-the-tribune-india/#respond Thu, 11 Nov 2021 01:05:00 +0000 https://eshcinsel.net/dharamsala-municipal-corporation-merged-areas-to-pay-property-tax-from-january-the-tribune-india/ Lalit Mohan Tribune press service Dharamsala, November 10 Residents of the merged areas of the Dharamsala Municipal Corporation (MC) are expected to pay property tax from January next year. The MC has completed the investigation for the imposition of taxes on the merged areas. Eight villages surrounding Dharamsala were included in Dharamsala MC in 2015 […]]]>

Lalit Mohan

Tribune press service

Dharamsala, November 10

Residents of the merged areas of the Dharamsala Municipal Corporation (MC) are expected to pay property tax from January next year. The MC has completed the investigation for the imposition of taxes on the merged areas.

Eight villages surrounding Dharamsala were included in Dharamsala MC in 2015 when the council was transformed into a corporation. At the time of the company’s formation, the previous Congressional government had exempted all urban taxes on the merged areas. After coming to power, the current BJP government further increased the tax exemption on the merged areas for another two years until 2019.

MC Dharamsala should have started collecting property and other taxes on the merged areas in 2019. However, due to the coronavirus outbreak, taxes were not imposed on the merged area.

Dharamsala MC commissioner Pradeep Thakur, when contacted, said the investigation for the imposition of property tax on all merged areas of the local body has been completed. The collection of property tax on the merged areas is expected to start in January of next year. This would double Dharamsala MC’s property tax income from Rs 4 to Rs 8 crores, the commissioner said.

What worried residents of the merged areas was whether property tax would be imposed on them retroactively from 2019 or just last year. Sources here said that the Dharamsala MC passed a resolution and sent it to the government to request an increase in the tax exemption period on the merged areas for another two years until 2021. However, the proposal no has not yet been accepted by the government.

Saurabh, a resident of Khaniara village, said the merged areas had received virtually no facilities from MC Dharamsala in the past five years since they were included in the urban body. The zones were also not yet part of the Dharamsala Smart City project. People are likely to oppose urban taxes without facilities, he said.

Operators of hotels and commercial establishments in the merged areas are also very concerned. Naresh, who runs a restaurant in merged areas, said there had been virtually no activity in the past two years due to coronavirus lockdowns. Now, if the taxes are imposed retroactively, it would be a huge financial burden on private businesses in the merged areas.

Investigation completed

  • Dharamsala MC Commissioner Pradeep Thakur said the investigation for the imposition of property tax on all merged areas of the local body has been completed.
  • The collection of property tax on the merged areas is expected to start in January of next year. This will double the MC’s property tax income from Rs4 to Rs8 crore, the commissioner said.


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10% more discount on property taxes in QC https://eshcinsel.net/10-more-discount-on-property-taxes-in-qc/ https://eshcinsel.net/10-more-discount-on-property-taxes-in-qc/#respond Mon, 08 Nov 2021 14:10:00 +0000 https://eshcinsel.net/10-more-discount-on-property-taxes-in-qc/ The Quezon City government was asked on Monday to grant an additional 10% rebate on property taxes for property owners in Quezon City starting in January 2022. “It would be a pandemic relief for city residents and those who own property. real estate in Quezon. City, ”Anakalusugan party list representative Mike Defensor said in a […]]]>
The Quezon City government was asked on Monday to grant an additional 10% rebate on property taxes for property owners in Quezon City starting in January 2022. “It would be a pandemic relief for city residents and those who own property. real estate in Quezon. City, ”Anakalusugan party list representative Mike Defensor said in a statement. He said homeowners in the city are currently entitled to a 20% rebate if they advance their tax payments for the entire year in the first quarter. “It’s their right to advance their payments. On top of that, the city is expected to give them a 10% discount due to the COVID-19 pandemic. It’s a way to help and give back to taxpayers, ”he said. Defensor, who is running for mayor of the city in the May 2022 election, added that the city could very well afford the additional tax cut. “Real estate income is only a small fraction of the city’s income. Most of it comes from corporate taxes, ”he said. He said based on his own report, the city earned more than 22 billion pesos last year from local taxes, in addition to billions of internal revenue allowances or a share of national tax revenue. donated by the national government. Previously, he and his running mate, District 2 Councilor Winnie Castelo, had proposed a five percent reduction in business tax. At the same time, Defensor reiterated his call for the city to remove the increase in the tax on residential, commercial and industrial land in Quezon City which is due to take effect in January 2023. He said that the increase, imposed under ordinance 2556, is just suspended until december 2022 by virtue of at least two subsequent municipal bylaws. He said if Quezon City residents elect him and Castelo, they will remove the planned tax adjustment for the land for good. “Our people are already grappling with the pandemic, with many workers struggling to meet the daily needs of their families. We should not increase their financial burden, ”he said.

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Nebraska State Senators Say Local Spending Hikes Outpace Property Tax Cuts | Regional government https://eshcinsel.net/nebraska-state-senators-say-local-spending-hikes-outpace-property-tax-cuts-regional-government/ https://eshcinsel.net/nebraska-state-senators-say-local-spending-hikes-outpace-property-tax-cuts-regional-government/#respond Fri, 05 Nov 2021 19:07:06 +0000 https://eshcinsel.net/nebraska-state-senators-say-local-spending-hikes-outpace-property-tax-cuts-regional-government/ Members of the Legislative Assembly’s Revenue Committee once again shined the spotlight on property taxes on Friday, with most expressing frustration that increased spending by local governments had mitigated the impact by nearly ‘$ 1 billion in property tax relief from the state government. “We are asking people to come out of their homes,” Senator […]]]>

Members of the Legislative Assembly’s Revenue Committee once again shined the spotlight on property taxes on Friday, with most expressing frustration that increased spending by local governments had mitigated the impact by nearly ‘$ 1 billion in property tax relief from the state government.

“We are asking people to come out of their homes,” Senator Lou Ann Linehan of Elkhorn, chair of the committee, said at a press conference in the Capitol Rotunda.

“If we don’t do something big (to counter rising property taxes), a passing vote initiative” could take the issue out of the hands of the legislature, she said.

A proposal for an initiative aimed at limiting, or even prohibiting, the collection of property taxes has often been considered; voters approved a constitutional amendment in 1966 that banned the collection of property taxes to support state government.

“We need help locally,” said Senator Brett Lindstrom of Omaha, who is running for the 2022 Republican nomination for governor.

This means that “we may need to take further steps to ensure significant relief in property taxes,” he said.

Sen. Tom Briese of Albion said the legislature may have to “try to limit the amount of spending increases” that subdivisions of local government can pass.

Governor Pete Ricketts is already supporting the application of new spending restrictions on local government entities.


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Property tax rate lower, but Lincoln owners could still pay more | Local government https://eshcinsel.net/property-tax-rate-lower-but-lincoln-owners-could-still-pay-more-local-government/ https://eshcinsel.net/property-tax-rate-lower-but-lincoln-owners-could-still-pay-more-local-government/#respond Thu, 04 Nov 2021 12:20:00 +0000 https://eshcinsel.net/property-tax-rate-lower-but-lincoln-owners-could-still-pay-more-local-government/ Thirteen government subdivisions make up a Lincoln owner’s tax bill. By far the largest is Lincoln Public Schools, which account for 62%. The city of Lincoln represents 16% and the county 14%. Of those three, LPS and Lancaster County both reduced their effective tax rates by 1 cent per $ 100 of assessment. The city […]]]>

Thirteen government subdivisions make up a Lincoln owner’s tax bill. By far the largest is Lincoln Public Schools, which account for 62%. The city of Lincoln represents 16% and the county 14%.

Of those three, LPS and Lancaster County both reduced their effective tax rates by 1 cent per $ 100 of assessment. The city of Lincoln has lowered its tax by about a quarter of a cent.

The county transferred about three-quarters of a cent to the Railroad Transportation Safety District, providing the funds needed to build the ambitious 33rd Street Railroad Viaduct and Cornhusker Expressway project.

Southeast Community College’s tax rate has not changed from last year.

City council approves the budget, including using the majority of additional tax revenue

For the first time since 1986, the Lincoln Airports Authority budget provided for a tax levy to fund a major expansion and renovation of its passenger terminal. He plans to levy the tax for 15 years.

The Lower Platte NRD tax rate has come down, as has the Lancaster County Agricultural Society levy, which supports the Lancaster Event Center.

Although leaders at the agricultural society and event centers say they need a bigger source of income, a cover that restricts spending prohibits them from raising the tax rate. The cover was based on the income the farming company needed to put on the county fair in 1998 – when it was using state fairground land. Now that he is sitting on his own land and hosting other events, his spending has increased, but his ability to raise taxes has not, said county budget manager Dennis Meyer.


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