archivetag:Tax Preparation & Planning

Aug. 29, 2026, 9:32 a.m. ETFor the first time since 2012, every property in Allegheny County is headed for a new assessment, a process that could significantly affect how much homeowners, businesses and nonprofit organizations pay in property taxes.The change comes after Allegheny County Common Pleas Judge Kenneth Valasek ordered the county to conduct a countywide reassessment, replacing values that have remained largely unchanged for more than a decade. Under the court order, the county must begin the reassessment process by 2027 and complete it within five years. The reassessment...

June 12, 2026Updated June 15, 2026, 12:33 p.m. ETFlorida voters will decide on a constitutional amendment to increase the homestead exemption for non-school local taxes.The proposed amendment would raise the exemption to $150,000 in 2027 and $250,000 in 2028.Property taxes that fund schools and other essential services would not be eliminated by this measure.The amendment requires 60% voter approval to pass on the November ballot.(Correction: This story has been updated to report that the only local tax that will remain untouched is for schools. Public safety and other main services...