Houston Landing’s Post

Cobb County Residents: Your wallet is under siege! Think the proposed stormwater fee is our only tax woe? Think again. In my latest blog, I dive deep into Cobb's burdensome taxation crisis: The 'fee' that's a new tax in disguise How our water department's profits are being siphoned off (Hint: It's not fixing pipes!) Why we're hemorrhaging a massive number of valuable county employees annually The real reason behind our budget struggles (Spoiler: It's not a lack of revenue) Ever wonder why your taxes keep climbing while services seem to be declining? - Homeowners: Brace for impact. - Business owners: You might want to sit down for this. - Everyone who eats and drives: Yes, this affects you too! I break down: - Where your money is really going - The hidden costs you didn't know you were paying - What we can do to stop the fiscal bleeding Ready for some straight talk about your tax dollars? - Click the link to read the full blog post. Then come back and share: What tax issue in Cobb County keeps YOU up at night? Let's get this conversation started. Our wallets depend on it! https://lnkd.in/eDkxWGWJ

'Counties across Washington, of all sizes, are on the same kind of financial precipice. Many county officials blame the handcuffs that the Legislature has put on property taxes, their most crucial revenue source. No matter how fast property values increase, state law only lets most local governments increase their property tax revenue from existing properties by 1% without voter-approved ballot measures. Washington’s cap on property taxes is among the strictest in the country.' 'If your property increases in value faster than your neighbors’, you pay for a bigger slice. But the only way the whole pie can grow faster than 1% a year is through voter-approved levies or new construction, which isn’t limited by the cap.' Property Owner Cartel or Ponzi scheme or both?

Wake County property values up by 51%. While this news is not unexpected, it can bring some worry with tax bills and possible rent increases. Higher property values may not mean higher property taxes as Wake County and its municipalities will set new property tax rates later this year. Here’s the increase breakdown by municipality: Apex: 56% Cary: 51% Fuquay-Varina: 54% Garner: 56% Holly Springs: 58% Knightdale: 57% Morrisville: 45% Raleigh: 48% Rolesville: 51% Wake Forest: 51% Wendell: 65% Zebulon: 49% Unincorporated Wake County: 51% Wake County overall: 51% Check your property => https://lnkd.in/e-uHDTXt? Important dates: ✅ March 1 is the deadline for property owners to file an informal appeal ✅ May 15 is the deadline for property owners to file a formal appeal to the Board of Equalization and Review ✅ July 1 is the deadline that Wake County Commissioners and municipal leaders must pass a budget with a new property tax rate. #realestate #wakecounty

**New Proposal for Property Tax Relief in Cook County** A new proposal aims to bring much-needed property tax relief to low-income homeowners and renters in Cook County through a "circuit breaker" program. Here's a quick overview: - **Targeted Relief:** Caps property taxes at a specific percentage of household income, with the state covering the difference. - **Beneficiaries:** Particularly beneficial for seniors and disabled individuals on fixed incomes. - **Model:** Based on successful programs in other states, ensuring targeted and effective relief. - **Implementation:** Requires approval from the Cook County Board and the Illinois General Assembly. - **Advocate:** George Cardenas, Cook County Board commissioner and former Chicago alderman, is leading the charge for this policy. This program aims to alleviate the burden of high property taxes and keep residents in their homes. #PropertyTaxRelief #CookCounty #AffordableHousing #CommunitySupport (https://lnkd.in/gFs5gvtJ)

**New Proposal for Property Tax Relief in Cook County** A new proposal aims to bring much-needed property tax relief to low-income homeowners and renters in Cook County through a "circuit breaker" program. Here's a quick overview: - **Targeted Relief:** Caps property taxes at a specific percentage of household income, with the state covering the difference. - **Beneficiaries:** Particularly beneficial for seniors and disabled individuals on fixed incomes. - **Model:** Based on successful programs in other states, ensuring targeted and effective relief. - **Implementation:** Requires approval from the Cook County Board and the Illinois General Assembly. - **Advocate:** George Cardenas, Cook County Board commissioner and former Chicago alderman, is leading the charge for this policy. This program aims to alleviate the burden of high property taxes and keep residents in their homes. #PropertyTaxRelief #CookCounty #AffordableHousing #CommunitySupport (https://lnkd.in/gazxtGbF)

If you're familiar with opposition to using multi-family property tax exemptions [MFTEs] - often referred to as PFCs - to incentivize the acquisition and development of affordable housing, you will find this article especially ironic. #afforablehousing https://lnkd.in/gpr6KcEA

AFFORDABLE HOUSING INSIGHT ALERT: The House of Representatives voted yesterday to pass the Tax Relief for American Families and Workers Act. This legislation includes key measures to boost the low-income housing tax credit (LIHTC) program, specifically, restoration of a 12.5% allocation increase, and reducing the 50% bond financing threshold to 30%. These changes will allow for the financing of thousands of affordable homes throughout the United States. The legislation will now move to the Senate for approval. As one of the largest LIHTC lenders in the country, we applaud this effort as a step towards providing much needed affordable housing across the country. To read more on the tax package, visit https://lnkd.in/ejDd6q-s. #AffordableHousing #WeAreWD

Lancaster County government has gone ELEVEN years without raising your taxes. Property taxes are a problem in PA. Especially in these days of high inflation. Many seniors struggle with property taxes that seem to go up every year. I think the legislature should do away with them and/or implement alternatives. But in the meantime, Lancaster County government does what we can at our level to control the burden and keep senior citizens in their homes. Lancaster County government has gone ELEVEN years without raising your taxes. This is especially hard to do during the recent high inflation years. At the same time, we have saved money, paid down debt, taken care of our infrastructure, provided for public safety, and led the nation in farmland preservation. We try to set a shining example of what efficient, effective, people centered government can do.

The IRS is offering tax relief to those impacted by the recent severe storms and flooding. If you reside or have a business in San Diego County, you now have until June 17, 2024 to file and pay your federal taxes. This extension applies to various individual and business tax returns and payments originally due between January 21st and June 17th. Stay informed! Check the IRS disaster relief page for updates on additional California localities that may qualify. Here’s the full article: https://hubs.la/Q02qlLpP0 #sandiegoresidents #sandiegostorms #sandiegoflooding #taxrelief #sandiegobusiness #taxpayers #taxinsights

Homeowners in NJ continue to pay the highest property taxes on average. However, you get what you pay for, seeing as NJ has some of the best public schools, less crime and more job opportunities compared to most states.