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USA Property

How Nashville’s property tax bills compare to other TN counties

Here's how to properly calculate your property tax billNot sure how to calculate your property tax bill? Here's how to do it properly.In 2023, Davidson County led all Tennessee counties in total property tax per capita at $2,161, according to a Sycamore Institute study of property tax rates and capacity across the state.The study argues that a tax rate on its own tells us "very little" about whether residents in a Tennessee county actually pay high or low property taxes overall.Some Nashvillians are bracing for the prospect of a higher...
USA Property

Amid deadlock on budget, DeSantis pushes to cut property taxes

No state has yet eliminated property taxes and in Florida they are the biggest source of dollars for 51 of 67 counties and almost half of the state’s 411 cities.With Florida lawmakers now in overtime trying to settle a state budget, the prime source of financing for many cities and counties could soon be headed for the chopping block.In whatever budget deal is decided by the Legislature, Gov. Ron DeSantis wants included some kind of commitment to rolling back property taxes – now or through a ballot question put before...
USA Property

Property tax reform and school phone ban

May 17—GRAND FORKS — Kelly Armstrong entered his first term as governor hoping to foster meaningful change during the 2025 session of the Legislature.That was accomplished, the first-term governor believes, with the passage of sweeping property tax reform and a ban on cellphones in schools. He pushed the former for months, including during the campaign leading up to the November election that put him in office, while the latter was a late-session decision, but important nonetheless, he said.Armstrong, a native of Dickinson, served in the Legislature from 2013 to 2018...
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Bill could exempt Michigan senior citizens from property taxes | State

Michigan legislation proposes exempting seniors aged 70 and older from paying property taxes. LANSING, Mich. (WJRT) - Michigan senior citizens aged 70 and older could soon be exempt from paying property taxes under new legislation.Republican State Sen. Michele Hoitenga of Manton hopes the bill will allow senior citizens to remain in their homes as long as possible without struggling to pay their costly property tax bills every year."People across Northern Michigan are feeling the financial burden of high taxes -- especially our seniors, many of whom are on...
USA Property

How do you feel about the possible elimination of property taxes in Florida?

Gov. DeSantis discusses tax relief. (WPLG)Governor Ron DeSantis held a roundtable in Jacksonville Friday to discuss property tax relief for homeowners.DeSantis proposed providing a one-time $1,000 rebate to homeowners. The Governor also asked that voters in 2026 have the option to cut property taxes.Critics say the Governor has no concrete plan on how to eliminate property taxes completely and there hasn’t been a source of funding for the projects property taxes currently pay for.We want to hear from you: How do you feel about the possible elimination of property taxes...
USA Property

Gov. DeSantis rips House over late-session tax cut effort

'This is a total dog and pony show. This is not anything that’s credible,' DeSantis said.House Speaker Danny Perez delivers a stunning rebuke to DeSantisThe Florida Legislature nixed the governor's special session and created their own, solely focused on immigration.Florida Governor Ron DeSantis criticized the House's late-session push for property tax cuts as ineffective.House Speaker Daniel Perez prefers sales tax cuts and formed a 37-member committee to explore property tax cut options, a move DeSantis called a "dog and pony show."The House’s push for property tax cuts will be ineffective,...
USA Property

As DeSantis and House spar, Perez plots course for property tax cuts

'The governor has not yet come forward with any specific answers,' House Speaker Perez said. 'If the House wanted to get this done, they would have,' a DeSantis spokesman shot back.House Speaker Danny Perez delivers a stunning rebuke to DeSantisThe Florida Legislature nixed the governor's special session and created their own, solely focused on immigration.Florida House Speaker Daniel Perez announced a select committee to review property tax cut proposals.The move follows disagreements with Governor DeSantis on property tax cuts and other issues.The committee will consider various options, including raising homestead...
USA Property

Why local governments might hike incomes taxes after property tax reform

Watch: Indiana public school teachers rally at Indiana StatehouseShaina Terano, a teacher at Belzer Middle School in Lawrence Township, discusses what her students could lose with SB 1, the proposed property tax reform bill.Indiana's SEA 1 will provide property tax relief to homeowners and businesses, with businesses receiving the largest cuts.Local governments can offset property tax revenue by increasing income taxes. That could mean some families pay over $1,000 more per year on income taxes.Cities across Indiana are evaluating the impact of SB 1 and considering measures like hiring freezes...
USA Property

Texas plans to spend $51 billion on property tax cuts

Joshua Fechter and Jasper Scherer, The Texas Tribune  |  Wichita Falls Times Record NewsProperty tax cuts aren’t free. In fact, they’re costing Texas a fortune.The Texas House is considering a budget that would shell out $51 billion — 15% of the state's total two-year spending plan — to maintain and provide new property tax cuts. That number, more than the state allocates to transportation or higher education, is making even some Republicans nervous about the state’s ability to afford the tax relief if there’s an economic downturn.If it were its...
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