A Democratic member of the Pittsburgh City Council has proposed a 30% property tax hike to cover the city’s “budgetary gaps.” WESA reports City Councilor Barbara Warwick (D-District 5) acknowledged her proposal would not be popular with homeowners, but stressed the...
Texas Lt. Gov. Dan Patrick has put forth a property tax proposal that is completely at odds with the proposal advocated by Gov. Greg Abbott. Texas Tribune reports Patrick has proposed the “Double Nickel” concept that lowers property taxes by raising the...
The mayor of Connecticut’s capital city is offering to sell city-owned land to affordable housing developers for $1.00. Fox61.com reports Hartford Mayor Arunan Arulampalam says the city has teamed with the state government on a new $4 million fund to help builders who...
A total of 35,651 residential properties had foreclosure filings during November, according to data from ATTOM. This level of activity is down by 3% from October but is also up by 21% from November 2024. Nationwide, one in every 3,992 housing units had a foreclosure...
South Dakota is the latest state to tackle the question of rising property taxes, with a new conflict arising between its governor and legislators on how to achieve that goal. Property tax payments across the state increased by nearly 40% during the past four years....
The typical mortgage holder pays roughly $1,300 in principal and interest per month, according to a new data report from Realtor.com. However, to purchase a typical home in today’s market, these homeowners would need to make a monthly payment of nearly $2,236,...
