Maui Faces Millions In Lost Revenue From Property That May No Longer Exist
Honolulu Civil Beat
Maui faces a significant blow to its tax revenue at a time when the county government needs it to help cope with devastating wildfires in West Maui that have left thousands of residents without shelter, food and other basic essentials. Businesses have been obliterated. Now, many of those residents and businesses are facing property tax bills due in just seven days.
Falling Baltimore Office Values Spur Tax Revenue Concerns
Downtown Baltimore office buildings selling cheap, suffering through high vacancy rates and losing value could shackle city finances and ripple far beyond the industry. "As a consequence [of lower property values], businesses and property owners pay lower taxes, leading to decreased revenue for the local government.
What the NY Office-Space Crisis Looks Like on Third Avenue
From afar, the office corridor on Third Avenue in midtown might look headed for complete disaster. The real estate, mostly boxy glass buildings with no discernible character, was built as standard-issue office space for white-collar workers starting in the '50s. The strip lacks the glamour of Madison or Park, with its trophy towers Lever House and the Seagram Building, and many of the buildings are in need of major upgrades.
Butler County officials explain why business value hikes are lower than that of homeowners
Many Butler County homeowners are facing enormous property tax bill hikes due to a state mandated 37% value increase but on the business side the tax commissioner's office recommended no hike at all. Why? Butler County Auditor Nancy Nix received...
Corpus Christi considers property tax rate change
At the most recent Corpus Christi City County Budget Workshop, council members were presented with a new number to consider. The property tax rate would move from around 62 cents per $100 valuation to about 59 cents. It's something Nueces County Tax Assessor/Collector Kevin Kieschnick said is state-mandated. "The reason the rate came down is because values have gone up so much.