property taxes
Seniors could get a tax break in this state -- at younger people's expense
The move could bring financial relief to retirees—but it also raises serious questions about who will cover the cost.
More and more New Yorkers are inheriting homes from their wealthy parents -- not buying them
An Attom study found the share of Manhattan home sales involving a trust — a tool for passing on wealth — surged to 28% in 2024.
Save our buildings — or the Bronx (and the rest of NY) will 'burn' again
Years of capped rents coupled with rising operating costs due to high inflation led to buildings with revenue that didn’t cover expenses.
NYC Real-estate-related revenue hit record $37B last year
The real estate industry, and especially the commercial sector, remains the main driver of the New York City economy, according to data to be released on Monday by the Real Estate...
Why the GOP has a great shot of winning New Jersey's governor race this year
New Jersey stands an excellent chance of electing a Republican governor this year, and so potentially breaking from its long, slow decline. Though solidly blue for years, the Garden State...
Leaders in these states are looking to end property taxes: We 'pay rent' to the government
As Tax Day nears, fiscally conservative leaders in several states are pushing to abolish property taxes.
Retired Americans are moving out of these states as property taxes soar
Sky-high property taxes in large metros like New York City, Philadelphia, and Chicago are driving retirees out and fueling an internal migration to places where owning a home won't land you in the poorhouse,...
House-hacking strategy can help transform tax season into a gold mine
There are more than a few deductions in the offing on April 15 for taxpayers who hopped on this real estate strategy that will have made the investment worthwhile.
Landlords catering to NYC hipsters get tax break at expense of struggling minorities -- despite court order: advocates
“We are flabbergasted and disappointed that the city has not lowered the assessment ratio for homeowners in New York City to ensure uniformity despite the Court of Appeals decision that...
Hochul touts 'affordability' but won't fix unfair NYC property taxes
NYC's property taxes are so unjust, esoteric and opaque that it feels intentional — but only the state legislature in Albany can make changes and bring fairness to the system.
Nebraska man who lost his home of almost three decades over $588 debt is getting it back
Kevin Fair from Nebraska is getting title to his home back, years after losing it over a $588 tax debt.
Homeowners are paying more for insurance and taxes than their mortgages: study
Homeowners in two upstate New York towns -- Rochester and Syracuse -- as well as Omaha, New Orleans and Miami are faced with more burdensome payments.
Midwest state's voters reject dramatic plan to eliminate property taxes—as other states embrace caps
A ballot question that would have eliminated property taxes in Midwest state was soundly defeated on Tuesday after critics argued the step would have gutted funding for essential services.
Homeowner’s guide to 2024 ballot measures — including one state that could eliminate property taxes
The presidential election will be at the top of the ballot on Tuesday — but in a number of states, voters will also have the chance to weigh in on...
GOP Rep. D'Esposito opposes renewing Trump tax cuts without SALT deduction
Freshman Republican Rep. Anthony D'Esposito said he will oppose renewing the Trump tax cuts that expire at the end of 2025 unless Congress restores the state and local tax deduction...
Sometimes politicians steal our homes -- really
Homeowners appealed these home thefts and won in a unanimous US Supreme Court ruling in 2023, but counties are still grabbing homes over tiny tax debts.
Ben Affleck and Jennifer Lopez's mansion hits the market for $68M — wait until you see the tax bill
And ponying up huge sums to the public fund won't be the only thing likely to make even the wealthiest homeowners wince.
Ex-CNN anchor and Dem congressional candidate evaded taxes, scored abatement on NYC condo — despite claiming LI residency
Ex-CNN anchor and Democratic congressional candidate John Avlon has a history of missing property tax payments and is apparently netting more than $2,000 per year in abatements.
These 'hidden costs' of homeownership are the top risk for mortgage delinquencies
The average tax on single-family homes in the U.S. rose 4.1% last year, to $4,062, following a 3% increase in 2022, according to ATTOM Data Solutions.
Suburban Chicago man hit with shocking $30K property tax bill on modest home he bought for $115K
In the suburbs of Chicago, a man named Darryl Lloyd received a massive hike in his annual property taxes -- at no fault of his own.