Gov. Greg Abbott says his goal is to eliminate homeowners’ property taxes in the state of Texas. He says it’s possible to achieve over time because of the significant economic growth of the state.
All three Republican leaders, Abbott, Lt. Governor Dan Patrick and Speaker Dade Phelan, have pledged to reduce property taxes and made it a legislative priority.
Read More
Property taxes levied on single-family homes in the United States increased 3.6 percent to $339.8 billion in 2022, according to a new report from a real estate data firm.
That’s up from $328 billion in 2021. The 2022 increase was more than double the 1.6 percent growth in 2021, but smaller than the 5.4 percent increase in 2020, according to the report from ATTOM, a property data provider.
Read More
Greg Landsman, the five-year Democratic Cincinnati City councilman vying for Congress against Steve Chabot (R-OH-1), is running a television advertisement contending that he cut taxes while Chabot raised them.
The facts suggest otherwise.
Read More
State Representative Tom Patton (R-OH-Strongsville) is spearheading an effort to end property taxation for fully disabled military veterans and their surviving spouses in the Buckeye State.
According to the legislature’s official analysis of Patton’s bill, Ohio presently exempts $50,000 of the assessed value of homes owned by honorably discharged veterans who the federal Department of Veterans Affairs has given a 100-percent disability rating. Individuals so designated are considered severely impaired and unable to function professionally. A deceased veteran’s surviving wife or husband can access the exemption if the veteran received the benefit the year he or she died, lived at the residence during the veteran’s passing and continues to own that home.
Read More
Property owners could be spared challenges to property valuations from local school districts and the potential of higher property taxes if a bill recently passed by the Ohio Senate clears the House and is signed by Gov. Mike DeWine.
Amended House Bill 126 stops local school districts from initiating challenges to property tax valuations and appealing a decision from the board of revision to the board of tax appeals if a property owner filed a challenge.
The Ohio School Boards Association (OSBA) called the legislation an overreach, while the Ohio Chamber of Commerce and the Ohio Realtors Association supported the bill and recently penned an opinion piece on it.
Read More
In 2018 a new organization was created in northeastern Ohio – the Tax Working Group. There has been a growing concern about the large increase in property taxes, so following the Liberator Conference last year, several of the citizens formed the new group. Executive Director Thomas Hach explained their issues to The Ohio Star, “While there is no question government has a role, the question is what is the reasonable cost Ohio taxpayers should bear?”
Read More
Numerous studies have shown that owning a home is financially beneficial to the owner and socially beneficial to the owner and the community. This is why so many politicians, government agencies and non-profit entities promote home ownership as a way to build wealth, move out of poverty and stabilize neighborhoods.
Read More