Will The Texas ISD M&O Property Tax Rate Be Eliminated

Texas’s Lt. Governor, Dan Patrick, and multiple Texas legislators plan to lower the Texas property tax rates by eliminating the ISD maintenance and operations property tax. This change, combined with a decrease in the cap rate, would significantly affect Texas taxes. But will it pass through the state congress or lower taxes? What is the […]

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Kentucky Tornado: What Does This Mean for Property Taxes?

The property owners of Mayfield, Kentucky, are still reeling from the effects of a tornado that struck almost four months ago in December. The catastrophic weather event is believed to have damaged around 1,300 buildings, a significant portion in a community of just 10,000. While citizens have had to rebuild their lives, local government officials […]

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What Happens If I Don’t Pay Property Taxes in Louisiana?

I didn’t pay my property taxes. What happens, next? When a property owner’s taxes become delinquent in Louisiana, a lien is placed on the property. This means your property is now liable for those taxes, which could have serious repercussions. Every state has a law in place allowing local governments to sell your property to […]

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Arizona’s SB 1093 to Decrease Property Tax Assessment Ratio If Passed

Arizona’s commercial property tax assessment, Senate Bill 1093, moves one step closer to passing. If it does, the assessment ratio would decrease to 15% over time. The passing of last year’s SB 1108 already calls for an 18% to 16% assessment ratio decreased by 2027. I’m a Business Owner. How Will This Affect Me? Arizona […]

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Possible Property Tax Changes for 2022

The three largest states in the Union have initiatives that could affect their residents’ property tax bills: 1. New York has plans to give homeowners with incomes up to $250,000 a Property Tax Relief credit on their income tax returns. That would be allowed “if their total property tax exceeds a fixed percentage of their income.” The […]

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What Factors Could Change Your U.S. Property Tax Bill in 2022?

With the real estate market contributing to rising property values in the U.S., and changes on the horizon for federal taxes, homeowners may be wondering how much of an impact this will make on their property taxes and budgets in 2022. An increase in property tax liability should be anticipated at some point, but that […]

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Texas Property Tax Info Now Available for Taxpayers

A recent Texas State Comptroller’s Office press release announced the following updates to Texas property tax exemptions and programs: Appraisals for Productivity Property owners who use their land for timber, farming, or wildlife management can receive property tax relief, which could result in a lower appraisal of the land-based on its production, rather than its […]

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Cook County Property Tax Bills First Installment Deadline

If you’re a resident of Cook County, the 2021 First Installment property tax bills are delinquent as of March 1, 2022. Property tax bills were first posted on the Cook County Treasurer website on December 7, 2021, by Cook County Treasurer Maria Pappas. These bills are approximately 55% of the previous year’s total tax, but […]

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San Francisco Confronts Tax Valuations that Reflect Population Changes

San Francisco is struggling to deal with the ongoing repercussions of the pandemic, like most communities across the world. Most recently, numerous commercial property owners in the city are clamoring for downward tax adjustments. While such requests are common each year, there is concern that the 2021 requests are part of a troubling shift caused […]

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New Orleans Delays City Property Tax Bills for 2022

On February 3, 2022, The City of New Orleans announced the tax deadline extension of 2022 property tax payments to March 15, 2022. City officials say the delay in sending out tax bills was because the Louisiana Tax Commission was working out millages and tax billing data with the Orleans Parish Assessor’s Office. About Millages […]

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