archivetax

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...

'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...

ADVERTISEMENTThe best European countries for real estate investment in 2025 are in Central and Eastern Europe, with Moldova leading the way.The Balkan country earned the highest score in a new study scanning the best property investments in Europe, according to UK insurance company William Russell. They took a closer look at key elements of property investments, including property tax rates, income tax on rent and gross rental yield.In a previous study by UK relocation company 1st Move International, Lithuania appeared to be the top choice. In the current listing, the Northern...

House and Senate budget and tax cut negotiators are running out of time to reach a deal and end the legislative session on time.Local cheerleaders with Special Olympics show their skills at CapitolSpecial Olympics athletes demonstrate their cheerleading skills during Annual Law Enforcement Torch Run and ceremony at Capitol courtyard.The House and Senate disagree on tax cut plans, with differing approaches and overall amounts.The legislative session's deadline is approaching, with budget and tax cut negotiations still ongoing.One of Gov. Ron DeSantis’ main gripes with the House in his ongoing feud...