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Buffalo Homeowners Face Prospect of 8% Property Tax Hike

Buffalo Homeowners Face Prospect of 8% Property Tax Hike

by Phil Hall | Apr 9, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Homeowners in Buffalo, New York, face the prospect of an 8% increase in their property tax under the $622 million budget proposed by Acting Mayor Chris Scanlon. WBEN reports Scanlon is proposing the tax hike to fill a $17 million mid-year budget fall that he inherited...
Idaho’s Gov. Little Signs $100 Million Property Tax Cut into Law

Idaho’s Gov. Little Signs $100 Million Property Tax Cut into Law

by Phil Hall | Mar 27, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Idaho Gov. Brad Little signed House Bill 304 into law a bill that cuts property taxes by $100 billion every year. The new law will shift $50 million to a state fund to reduce property taxes for Idaho homeowners while sending another $50 million to a state fund for...
Seattle’s Mayor Seeks $45 Million Property Tax Hike to Fund Political Campaigns

Seattle’s Mayor Seeks $45 Million Property Tax Hike to Fund Political Campaigns

by Phil Hall | Mar 14, 2025 | Current News & Events, Real Estate News, WRE News Exclusive

Seattle Mayor Bruce Harrell is proposing a $45 million property tax hike to renew a program that provides public funding to political campaigns. MyNorthwest.com reports the proposed tax would be levied over 10 years for the funding of the Democracy Voucher Program,...
Wyoming Governor Signs 25% Property Tax Exemption into Law

Wyoming Governor Signs 25% Property Tax Exemption into Law

by Phil Hall | Mar 6, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Wyoming Gov. Mark Gordon has signed a bill into law that provides a 25% property tax exemption on the first $1 million of a single-family home’s fair market value. Wyoming News reports the legislation, Senate File 69, takes effect immediately and does not have a...
Tennessee Homeowners Impacted by Hurricane Helene to Receive 130% Refund on Property Taxes

Tennessee Homeowners Impacted by Hurricane Helene to Receive 130% Refund on Property Taxes

by Phil Hall | Feb 14, 2025 | Current News & Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Tennessee Gov. Bill Lee has signed a bill that will provide a 130% refund of property taxes to homeowners whose residences were either damaged or destroyed by Hurricane Helene. WSMV.com reports the legislation was unanimously passed by both the Tennessee House and...
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