Daily NAPTA Update 02.02.2024

Posted by Diane Macri | Feb 02, 2024 | 0 Comments

Opinion: Brace yourself for your February property tax notice. Then join us to find a solution.

The Denver Post

The sticker shock experienced by property owners last May as they opened their Notice of Valuation is about to manifest in the form of their 2023 property tax bill. County treasurers will begin mailing tax bills around the first of February that reflect the 42% average increase in Colorado property values between January 1, 2021 and June 30, 2022.

'It’s time’: Lawmakers look at abolishing property taxes in Florida

Florida Politics

A controversial idea is again gaining ground in the Legislature: eliminating property taxes and replacing them with a new “consumption tax” tacked onto the sales of goods and services across the state. The change, said Republican Rep. Ryan Chamberlin, would put an end to what some have called “the most hated tax in America.”

Assessor: New law reduces taxes on apartment owners, but not for anyone else

Journal and Courier

Tippecanoe County Assessor Eric Grossman organized a gathering of community stakeholders to break bad news: Expect fewer tax dollars because of a change in new assessing laws. Fewer tax dollars translates into less money for schools, cities, townships, the county and libraries. Indiana property assessment is supposed to be based on the estimated market value of the property.

Empty office towers could pose a risk for Boston’s bottom line. Here’s how.

Boston Globe

The tax bill is due for office towers in Boston, and with vacancy rates up and values down, many of the companies that own them are poised to ask the city for a break. While experts expect this year won't bring an apocalyptic drop in commercial property tax revenue to the city there's growing worry that the expected drop in overall office values could be something of a ticking time bomb for the years ahead.

Another rocky reception for proposals to reduce property taxes

KNOP News2

Another day and another rocky reception at the State Capitol for proposals to reduce property taxes in Nebraska. This time it was representatives of local governments that levy property taxes, such as school districts, counties and natural resources districts, who told state lawmakers Wednesday that harder caps on spending and property tax would cause reductions in service, difficulty in hiring or retaining staff and an inability to keep up with the growth in salaries. 

Pearland ISD $105M bond election under discussion; would fund school updates and tech

Houston Chronicle

The Pearland ISD's board of trustees are scheduled to decide on Feb. 13 whether to put the bond on the May ballot. If the board and voters approve the bond proposal, the tax rate would remain the same at $1.1373. The district has the means in its interest and sinking fund to pay off the bonds without raising the rate, said Superintendent Larry Berger at the Jan. 30 workshop meeting.

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