Activists Call for Wealthy Tax-Exempt Nonprofits to Pay Their Fair Share
For decades, communities around the country that are home to large, wealthy nonprofit institutions like universities and hospitals have struggled with an economic conundrum. On the one hand, these nonprofits drive employment; attract talent and capital; and bolster the status, reputation, and desirability of the cities they call home.
Capital of Md. offering property tax credit to first responders
Annapolis City Council is giving first responders a tax incentive to live and work in Maryland's capital. Legislation providing police officers, firefighters and 911 specialists with up to a $2,500 tax credit if they live in the city passed unanimously at the July 24 council meeting, the last before the local legislators broke for August recess.
Meade county woman shocked at property tax bill: ‘How can you win?'
Many people in the Black Hills may agree with Ruth Laffey who lives in Meade County. Laffey says she was shocked when she opened her 2022 property tax bill. It had jumped nearly 350% in just two years. Legislators in Pierre heard similar complaints during the last legislative session. However, elected officials did not approve a bill to relieve property owners.
'We've never had a year quite like this one': Montgomery County facing $2.3B tax value loss
The Montgomery County Commissioners Court met Aug. 1 to accept the statutory tax rate limits ahead of budget workshops starting Aug. 8. These limits provide guidelines for the court when it comes to setting the tax rate, such as when voter approval is necessary and what the no-new-revenue rates are.
Property values skyrocket across Gregg County
Longviews News Journal
The Gregg County Appraisal District sent taxing entities final appraised values this past week. Those total appraised values, minus homestead and other exemptions, are what are used to ultimately determine a property owner's tax bill. Those values also could change for school districts based on the results of November election that could increase the homestead exemption.