West Sacramentans paying higher property tax rates due to error by Yolo County officials
West Sacramento residents are facing higher and unexpected property tax rates as a result of a mistake made by Yolo County officials. "It was an administrative error on our part for not levying a tax rate last year, which is causing us to have to levy a higher tax rate this year to make up for it," explained Tom Hayes, Yolo County's interim chief financial officer.
City Powerless to Seize Buildings from Landlords Who Fail to Pay Property Tax Bills Due to COVID Era Law
A policy change meant to save low-income homeowners from losing their homes during the worst days of the pandemic has tied the city's hands when it comes to ensuring people pay their property taxes, experts say.
Rudin Could Get $200M For Its Half-Empty 1.2M SF Financial District Skyscraper
Rudin is selling its 1.2M SF office tower that occupies a full block in Manhattan's Financial District. The 80 Pine St. property was renovated during the pandemic to the tune of $100M. But leasing is lagging in the 40-story property in spite of upgrades, and 700K SF is available for lease, a spokesperson for Rudin confirmed to Bisnow.
Editorial: Pittsburgh's nonprofit tax challenges are struggling, and the solicitor isn't being honest about it
The Gainey administration is seeking $400,000 to pay for a Washington, D.C., law firm to support its efforts to challenge the tax-exempt status of properties around the city — despite initially implying that the city would handle the work in-house. Meanwhile, the returns from the first wave of challenges filed in March has been paltry: Less than 1% of the assessed property value challenged by the city is back on the tax rolls.
Report: El Paso property taxes rank among 15 highest in the US
El Paso was ranked among the top cities with the highest property taxes in the United States. It doesn't matter if you are a first-time homebuyer or paying off a retirement home - property taxes affect everybody. However, homeowners in some cities pay a much higher price than those in others. In a new report, SmartAsset examined property taxes paid by homeowners across 330 U.S. cities to determine where it is highest relative to local home values.