Republicans in Georgia’s House of Representatives have introduced a proposal that would eliminate homestead property taxes by 2032. WABE reports the proposal, which is being led by House Speaker Jon Burns, would increase the state homestead exemption for every year up...
A proposal to phase out non-school homestead property taxes moved forward in Florida’s Republican-controlled legislature. CBS News reports the House State Affairs Committee voted along party lines to back a proposed constitutional amendment (HJR 203), which is...
A candidate for the Republican nomination for governor of South Dakota is proposing a two-year waiver on property taxes for first-time homebuyers plus a $400 annual property tax credit to all other homeowners. South Dakota Searchlight reports Dusty Johnson, who is...
The Chicago Board of Education voted 15-5 for a small increase to its property tax levy that will result in the collection of an additional $40 million. The Chicago Sun-Times reports the school board approved a property tax increase in August, but the new increase...
As we prepare to tuck 2025 into the history books, let’s take a look back at the year to highlight some of the Hits and Misses that dominated the real estate industry. Hit: The Property Tax Revolt. The year’s biggest story, by far, was the spontaneous eruption of...
Mortgage Rates Reach 7.40%, Highest Since November 2023
