Teresa Borden Howell’s Post

* 39 days until the 2025 #newbrunswick #propertyassessment notices are mailed (January 20) ICYMI (this time with link): Great job with yesterday's article by CBC's Robert Jones entitled, "Property tax burden in Saint John will shift further onto homeowners in 2025". It focusses on rising taxes instead of on marginally decreased tax rates, as it should. Not the way the City of Saint John would want it told, although I'm sure they're happy they can still shuffle a lot of the blame onto increased assessments instead of admitting their own budget needs and choices. That having been said, all municipalities need the Province to change the legislative restriction that non-residential and heavy industrial tax rates can be no more than 1.4 to 1.7 times the residential rate. Otherwise, the municipalities are hamstrung the way and residential property owners will face an ever-increasing percentage of #PropertyTax, as Robert Jones points out. I've mentioned this before, but the story also includes the Holt government plan to fix all the problems in time for next year. Good grief. Any quick fixes of this nature will be a disaster, mark my words. I still don't think the Liberals understand the depth of the problem here. https://lnkd.in/dK55yK46

Detroit Property Tax Fairness: New Study Shows Lowest-Priced Homes Over-Assessed The good news: Detroit has made strides in addressing over-assessment since the Great Recession. However, the study by Christopher Berry of University of Chicago and Cornell University finds a persistent issue with lower-priced properties. The study suggests Detroit's assessments are "regressive," meaning lower-value homes are assessed at a much higher rate than the more expensive properties in the same community. As a real estate appraiser specializing in property assessment appeals, I'm concerned by Prof. Berry's recent "Assessment Ratio" study indicating Detroit may still be over-assessing its lowest-priced homes. This disproportionately burdens low-income residents and unfairly inflates their property tax bills. https://lnkd.in/gDTieJZx

Brace yourselves, Colorado homeowners! Property tax is on the rise. I am proud to share Common Sense Institute Colorado's latest study, which unveils the facts. #boma #bomadenver #propertytax #cre Get informed: https://lnkd.in/gWZiVctc

Let's talk property taxes! What every homebuyer should know... Hey friends! Navigating property taxes can feel like a maze, but it's a crucial part of homeownership that we all need to get a handle on. Here are some friendly tips to help you understand property taxes better and feel more confident on your homebuying journey: 1. What Are Property Taxes? Property taxes are what we pay to keep our communities running smoothly. They’re based on your home's assessed value and help fund local schools, emergency services, and infrastructure. 2. How Are They Calculated? Your tax bill is usually the assessed value of your home multiplied by the local tax rate. Different areas reassess properties at different times, so keep an eye on those updates! 3. Can You Challenge Your Assessment?  Think your property’s assessed value is too high? You can appeal! It’s a bit of work but can lower your tax bill if successful. Make sure you have solid evidence to support your claim. 4. Tax Breaks and Relief Programs There are often exemptions and relief programs available, especially for veterans, seniors, or low-income households. A little research can go a long way in saving you some money. 5. Budgeting for Property Taxes Don't forget to include property taxes in your home budget. Many lenders will roll your tax payments into your monthly mortgage through an escrow account, which can make managing this expense a bit easier. 6. Impact on Home Value and Community Your property taxes help improve local services, which can boost property values and make your community a better place to live. Higher taxes often mean better amenities and services. Understanding property taxes doesn't have to be stressful. If you have questions or need guidance, especially here in the Atlanta real estate market, I'm here to help! 🔍🏡 Ready to start building your legacy? Let's connect! #RealEstate #HomeBuying #PropertyTaxes #AtlantaRealEstate #Homeownership #RealEstateTips

Maryland property owners are facing significant tax increases due to substantial property reassessments, with some values rising by up to 35%. While some owners welcome the increased property values, the potential tax burden is a concern, especially for those already struggling financially. To mitigate the impact, state officials encourage homeowners to apply for available tax credits and relief programs.#pickyourpoison #signofthetimes #realestate

🏠 Property Tax Dilemma Home values have soared, but so have tax bills, squeezing budgets for many homeowners . States are responding: Colorado’s ballot may cap tax revenue growth, while Kansas and Nebraska consider special sessions for relief. Georgia could limit assessed value increases to inflation rates. Balancing tax relief with local government funding needs is the challenge ahead. #PropertyTax #Homeownership #StatePolicy https://lnkd.in/eDxRv4nw

🏡 Thinking About Buying in Alabama? Here’s What You Need to Know! 🦅  Did you know Alabama has one of the lowest property tax rates in the nation? While it’s not tax-free, the state’s unique system and exemptions make it a top choice for homeowners and real estate investors looking for affordability. But here’s the catch—local tax rates can vary, and exemptions could save you thousands!  Want to know how Alabama stacks up against other states and why it could be the perfect place for your next move or investment? **Click below to dive into the details and uncover the full story!** 👇  https://lnkd.in/eXX3MYB4 #RealEstateTips #AlabamaRealEstate #PropertyTaxes #AffordableLiving

"Although federal capital gains tax applies nationwide, Californians pay the most state tax by far. This is due to having the highest state capital gains rate in the nation at 13.3%, coupled with the most substantial appreciation of any region." Click on the article below to read more insights from our Founder, Ken DeLeon. #bayarea #california #sanfranciscobayarea #realestate #sfbayarea #realestate #luxuryhomes #buyinghomes #sellingagent #sellinghomes #dreamhome #californiahome #losaltos #deleonrealty

📈 Since the pandemic, property taxes and home values have been on a rollercoaster. With home values soaring, many homeowners are feeling it in their tax bills—even as average tax rates change. Find out how local governments are managing assessments, the impact of rising inflation, and why homeowners could be shouldering more of the tax load this year. 📊 Wondering how rising property values might affect your tax bill? Stay up-to-date with Silverman & Co on how these shifts might affect you! Reach out to see how we can support your real estate goals. #PropertyTax #HomeValues #PhiladelphiaRealEstate #PhillyHomeowners #HousingMarket #RealEstateTrends #HomeownerTips #PhillyHousing #TaxChanges #RealEstateNews #MarketUpdate #EconomicImpact #PropertyAssessments #PhillyLiving #HomeOwnership #PhiladelphiaHomes #TaxUpdate #RealEstateMarket #PhillyProperty #FinanceTips

Property Tax Trends by State and County: What’s Changed Since 2019? Explore how property tax rates have shifted across the U.S. in the last five years. State-by-state and county-level insights reveal significant trends that may impact homeowners and buyers. #AndIcons #AulaniThemesenger #PropertyTaxTrends #RealEstateInsights https://lnkd.in/gXrBxW2N