archivetax

Savers can currently deposit up to £20,000 a year into ISAs05:15, 22 May 2025Updated 07:00, 22 May 2025Labour has said it is looking at reviewing ISAs(Image: Getty)Labour has made clear its stance on ISAs in response to a question about the tax-free savings vehicle. Lord John Lee queried the Government in a written question in Parliament on how ISA funds that are channelled into foreign investments contribute to the UK economy and align with the Government's "growth agenda".An attraction of ISAs is that you pay no tax on any accrued...

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...

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...

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...

Reno redevelopment agency approves GSR arena project TIF contractReno's redevelopment agency voted 5-2 to approve the GSR arena project's tax-increment financing contract.The Reno redevelopment agency, which is made up of the city council members, voted in 5-2 to approve the tax-incremental financing contract with the Grand Sierra Resort’s phase one arena project.The deal would require GSR to be reimbursed 90% of its property tax, while the redevelopment agency would keep 10% of the property taxes. It sunsets in 2035.GSR owner Alex Meruelo said he would give the lease to the...

Watch: Iowa homeowners talk property taxes with Des Moines RegisterHomeowners discuss Iowa's property taxes as Iowa legislative leaders make property tax reform their No. 1 goal this legislative session.Iowa Senate Republicans are proposing a 25% discount on home values up to $125,000 for property tax relief, changing a proposed $50,000 homestead exemption to address smaller communities' concerns.The bill also phases in the elimination of the state's rollback rate over 10 years and maintains a 2% cap on property tax growth with exceptions.The fate of property tax legislation is unclear as...

'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,...

If financial advisors ask clients the rate of return for their rental real estate investment property, they should expect to hear a number at least 5 percentage points higher than the actual one, according to the founder of The Real Estate Whisperer Financial Planning.That's because of calculations based on "optimistic assumptions, untracked costs and the absence of formal benchmarking" among many owners, said Rich Arzaga, founder of the Monument, Colorado-based firm, in a presentation at this week's Financial Planning Association Retreat in Oak Brook, Illinois."It's where ownership bias meets the...