Daily NAPTA Update 07.03.2024

Posted by Diane Macri | Jul 03, 2024 | 0 Comments

How Connecticut towns determine car taxes and why they exist in the first place

CT Insider

It's the time again for car tax bills to be sent out to Connecticut residents. Connecticut's property tax on motor vehicles has a century-long history, predating the advent of motor vehicles. If it helps ease the pain in the pocketbook, here's everything you want to know about Connecticut's car taxes.

Suburban homeowner's property tax bill skyrockets from $1,800 to over $30K

Yahoo News

A homeowner in unincorporated Chicago Heights is reeling after receiving a property tax bill that assessed his modest 1950s home at over $1 million. Darryl Lloyd, who purchased the three-bedroom, one-bathroom house in 2006 for $115,000, maintains its current market value is just over $180,000.

Report due soon: Many homes were ‘critically over-assessed’

Marble Head Current

The Board of Assessors is planning to release an outside audit confirming that some Marblehead neighborhoods were “critically over-assessed,” while others were undervalued in last year's assessment, according to Chair John Kelley. The board meets again this Friday at noon. In January, many homeowners complained that their property valuations, and tax bills, jumped for no apparent reason.

New York's Office Market Is Starting To Get Its Mojo Back


Tenants signed 11.5M SF of office leases during the first half of 2024, 11% more than through this time in 2023. “It's a recovery in the sense that we're ahead of where we were at the same time last year,” said Andrew Lim. “We're also tracking more active requirements in the market and have a better sense that more leasing is on the horizon, which was not the feeling we had in the first half of 2023.”

King County assessor: Valuations of office properties poised for steep drop


The county assessor expects most residential market areas will see value increases this year, from single-digit percentages in Seattle to roughly 20% in some east King County areas.

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