Property taxes form the bedrock of local governance in the United States, yet their implications extend far beyond revenue generation. As one of the oldest forms of taxation, property taxes are deeply rooted in the nation’s history, reflecting a tradition of...
Alternatives to Chicago property taxes, a mega-million condo sale loss and a proposal to bend the Manhattan skyline. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Nov. 11-15. Hit: Let’s Not Go, Brandon. Praise goes this...
Chicago Mayor Brandon Johnson’s proposed $300 million property tax increase to shrink the city’s $1 billion budget deficit is likely to be redirected with new revenues from other taxes and fees. The Chicago Sun-Times reported 22 of the 50-member Chicago City Council...
The aftershocks of the election, a new fight against property taxes and a tribute to an inspirational executive. From the wild and wooly world of real estate, here are our Hits and Misses for the week of Nov. 4-8. Hit: The Indestructible Man. It is impossible to...
A data analysis of the U.S. Census Bureau’s state and local tax data by the National Association of Home Builders (NAHB) has determined that property owners paid $174 billion in taxes during the first quarter of 2023 and $714 billion in the four quarters ending with...