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Baltimore Enacts New Special Property Tax on Vacant Homes

Baltimore Enacts New Special Property Tax on Vacant Homes

by Phil Hall | Dec 3, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

Baltimore Mayor Brandon Scott has signed into law a bill that creates a special property tax increase for vacant homes. CBS News reported the bill was introduced in early October and was unanimously sponsored by the members of the City Council. The tax increase is...
Maine Lawmaker Seeks Property Tax Assessment Cap for Seniors

Maine Lawmaker Seeks Property Tax Assessment Cap for Seniors

by Phil Hall | Nov 29, 2024 | Market Snapshot, News/Current Events, Real Estate News, WRE News Exclusive

A Maine legislator is proposing a constitutional amendment that would put a 2% annual cap on property tax assessment increases for residents who are 65 years and older. The Bangor Daily News reported State Sen. Joe Baldacci’s proposal would only apply to primary...
Chicago Mayor Cuts Property Tax Proposal While Telling Critics to ‘Grow Up’

Chicago Mayor Cuts Property Tax Proposal While Telling Critics to ‘Grow Up’

by Phil Hall | Nov 20, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Chicago Mayor Brandon Johnson has cut his $300 million property tax proposal in half while lecturing his City Council detractors to “grow up” in their negotiations on the municipal budget. CBS News reported Johnson’s initial $300 million proposal was rejected by the...
Special City Council Meeting Sought to Stop Chicago Mayor’s Property Tax Hike Proposal

Special City Council Meeting Sought to Stop Chicago Mayor’s Property Tax Hike Proposal

by Phil Hall | Nov 8, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

An effort is underway to force a special meeting of Chicago’s City Council to reject Mayor Brandon Johnson’s proposed $300 million property tax increase to fill the municipal’s budget gap. The Chicago Sun-Times reports 29 alderpersons co-signed a call for a special...
Wyoming Voters Approve Property Tax Amendment

Wyoming Voters Approve Property Tax Amendment

by Phil Hall | Nov 6, 2024 | News/Current Events, Real Estate News, WRE News Exclusive

Wyoming voters approved the passage of Amendment A, a constitutional amendment that creates a fourth class of taxation for residential properties. Amendment A states: “The adoption of this amendment would separate residential real property into its own class of...
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