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North Dakota Voters Reject Measure to End Local Property Taxes

North Dakota Voters Reject Measure to End Local Property Taxes

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

A ballot measure in North Dakota that would have ended most local property taxes based on assessed value was rejected by voters. According to combined media reports, Measure 4 would have required the state government to reimburse local governments to cover the gap by...
Report: Chicago Mayor Johnson to Propose Property Tax Hike to Fix Budget Gap

Report: Chicago Mayor Johnson to Propose Property Tax Hike to Fix Budget Gap

by Phil Hall | Oct 29, 2024 | Industry Updates, News/Current Events, Real Estate News, WRE News Exclusive

Chicago Mayor Brandon Johnson is reportedly planning a major policy switch with a proposal to raise property taxes as a strategy to address the city’s budget problems. The Chicago Tribune, citing input from three unnamed alderman, said officials in Johnson’s...
Hits and Misses for the Real Estate Week of June 3-7

Hits and Misses for the Real Estate Week of June 3-7

by Phil Hall | Jun 7, 2024 | Commercial Real Estate News, Hits and Misses, News/Current Events, U.S. Housing Market, WRE News Exclusive

State legislatures fighting against property taxes, a California restaurant chain closing eateries and a stock market for Texas. From the wild and wooly world of real estate, here are the Hits and Misses for the week of June 3-7. Hit: Saying No to New Taxes. The...
Ohio GOP Lawmakers Offer Property Tax Cap as Constitutional Amendment

Ohio GOP Lawmakers Offer Property Tax Cap as Constitutional Amendment

by Phil Hall | Jun 4, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

Two Republican lawmakers in the Ohio legislature are proposing a constitutional amendment designed to cap property tax increases. According to the Columbus Dispatch, Reps. Beth Lear and Scott Wiggam proposed the amendment that would limit property tax increases to the...
Massachusetts Lawmakers Drop Governor’s ‘Mansion Tax’ Proposal from Budget Bill

Massachusetts Lawmakers Drop Governor’s ‘Mansion Tax’ Proposal from Budget Bill

by Phil Hall | Jun 4, 2024 | Industry Updates, News/Current Events, Real Estate News, U.S. Housing Market, WRE News Exclusive

The Democrat-controlled Massachusetts House of Representatives has dropped Gov. Maura Healey’s “mansion tax” proposal from the housing bond bill that will be voted on this week. The State House News Service reported the $4.1 billion housing bond bill moved by the...
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