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USA Property

Government attacks on private property ignore and upend American legal tradition

4-minute readAndrew P. Napolitano  |  Special to the USA TODAY NetworkCan FBI be sued if agents raid wrong house? Supreme Court to weigh in.Trina Martin, son Gabe Watson and partner Toi Cliatt seek compensation after their house was mistakenly raided by the FBI.The British government's use of general warrants, allowing searches of colonists' homes without specific cause, contributed to the American Revolution.The Fourth Amendment, designed to protect the right to privacy and property, requires probable cause for government searches.The author argues that the probable cause standard is insufficient, as natural...
USA Property

Property tax reimbursement plan for GSR arena project approved

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...
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

Nashville’s property values see a startling, record-high 45% jump

How can Nashville area balance low taxes, growth and quality services?The 14-county region in the Nashville area grew by more than 3,000 people a month from 2010 to 2020. This growth brings opportunities and challenges.WochitThe average is the result of the latest four-year reappraisal cycle.This is the second time since 2017 that Nashville has set a record-high increase in property values.From here, Nashvillians will wait for the state to establish the certified tax rate and for the Metro Nashville Council to set the local property tax rate to determine their...
USA Property

Former Notre Dame football linemen making an impact in real estate

Notre Dame football coach Marcus Freeman on Drayk Bowen's leadershipNotre Dame football coach Marcus Freeman praises the leadership qualites of third-year linebacker Drayk Bowen, the former Indiana Mr. Football at Andrean High School.SOUTH BEND — It hasn’t been that long since Josh Lugg and Tommy Kraemer completed their Notre Dame football careers as starting offensive linemen.Yet they are proving just as effective as budding entrepreneurs in real estate management.South Bend-based Golden Legacy Partners, with Lugg and Kraemer as co-founders, announced Wednesday the strategic acquisition of ESC Property Services, which serves...
Stock Market

Stock market slides. Major indexes wrap up losing week.

Tesla trade-ins hit record high amid Elon Musk controversyTesla trade-ins have reportedly hit a record high amid a brand crisis linked in part to CEO Elon Musk's involvement in the Trump administration. According to the Washington Post, Teslas made up 0.4% of all vehicles traded at traditional dealerships a year ago. That figure doubled to 0.8% in January.unbranded - NewsworthyU.S. stocks plunged, with the Dow closing down more than 700 points and the S&P 500 shedding over 100 points amid heightened inflation and tariff concerns.The Fed's preferred inflation measure, the...
Upcoming Investments

How to protect your investments during Trump’s tariff market turmoil

Katie Brockman  |  The Motley FoolThe Trump administration implemented 25% tariffs against Canada and Mexico on March 4, as well as an additional 10% tariff on goods from China — bringing the total tariff on Chinese-made goods to 20%. The countries swifly issued retaliatory tariffs on U.S. imports, escalating tension between the countries and rattling the stock market.Major indexes dropped sharply after the tariffs took effect, with the S&P 500 (SNPINDEX: ^GSPC) falling by 2.96% since Monday, as of this writing. The Nasdaq (NASDAQINDEX: ^IXIC) dipped by around 2.98% in...