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Homebuyers in England will pay £3,229 more in stamp duty from April 2025 for an average property, one expert warns.From this month, homebuyers will start paying stamp duty on properties sold for over £125,000, the previous threshold had been £250,000. This means a home in England selling for an average of £291,397 will pay stamp duty of £4,569, £3,229 more than if the property had been sold before April 1.Stamp duty is taxed at between 2%, 5%, 10% or and 12% of a property's purchase price, with different rates applying...

Corrections & Clarifications: The story has been updated throughout to include, correct and clarify nuances of the industry and to correct an error. The National Association of Realtors location was misstated in an earlier version of the story. NAR is based in Chicago.A new policy clarifying how homeowners may list their properties for sale may instead sow confusion and friction in the housing market just months after an earlier set of rule changes went into effect, adding an additional layer of complexity for buyers and sellers.The new policy, called “Multiple...

The movement to drastically cut and even eliminate property taxes, which local governments heavily rely on to fund crucial public services, is gaining momentum in Republican-led states across the country.Four states—including Florida, Illinois, Kansas and Pennsylvania—currently have plans to eliminate property taxes entirely. Others—including Texas and Montana—are trying to significantly reduce them.In Florida, Republican Senator Jonathan Martin introduced Senate Bill 852 after Governor Ron DeSantis expressed on X earlier this year his support for eliminating property taxes entirely."I agree that taxing land/property is the more oppressive and ineffective form of...