Property taxes levied on U.S. single-family homes totaled $363.3 billion in 2023, up 6.9% from $339.8 billion in 2022. According to data from ATTOM, the increase was almost double the 3.6% growth rate in 2022 and was the largest in the past five years. ATTOM also...
Chicago voters rejected the referendum on the so-called “mansion tax” designed to increase the real estate transfer tax on residential and commercial properties sold for $1 million and higher. The Associated Press, citing a 98% return on ballots, reported the...
An appeals court restored the so-called “mansion tax” referendum that Chicago voters will be voting on for their March 19 election. NBC Chicago reported that the Illinois Appellate Court reversed a circuit court decision that voided the referendum’s appearance on the...
A Phil Hall Op-Ed: One of the most famous quotes to come out of the early 19th century was made by John Marshall, the first Chief Justice of the U.S. Supreme Court, in his 1819 ruling on the McCulloch v. Maryland case: “The power to tax is the power to destroy.”...
An upstart trade group’s PR coup, an iconic theater saved by Hollywood’s A-list and an unwanted honor for New Jersey. From the wild and wooly world of real estate, here are the Hits and Misses for the week of Feb. 19-23. Hit: The Voice of the Industry? Real estate...
State Farm and Allstate Take Steps Toward Reopening California Home Insuran…
