Property taxes

The latest Congressional effort challenging the state and local tax deduction cap would stop the IRS from restricting state legislation that offsets the policy.

A new report from Merritt Research Services looks at potential post-pandemic problems for big cities that rely on taxes from commercial real estate.

Local governments are facing calls for tax relief as the pandemic slows the economy and they implement property tax reform legislation.

Proposition 15 would detach commercial real estate from California's cap on property assessment increases.

The Fourth Circuit Court of Appeals found the state improperly valued CSX's land.

It has become clear that there is a widely held conviction that the property tax is not as fair and equitable as it could be.

Illinois freed up $500 million in capital funding for a University of Illinois research center that will anchor the development.

A special commission issued a series of recommendations to simplify a system that provides the city one-third of its revenue. Albany, though, must sign off.

The Winona County Board of Commissioners approved the county's 2020 property tax levy Friday, though not without some disagreement about the increase.

The Chicago Civic Federation supports the proposed budget despite worries

Officials of the art museum say the effects of Detroit's bankruptcy have impeded their efforts to build the endowment they had envisioned.

Though the market may view Chicago's budget as heading in the right direction, relying on the state is a gamble that's a concern for aldermen, too.

Nearly two in three finance officers in large cities predict a recession in the next year or two.

Mismanagement of real-property related taxes may be shortchanging an MTA revenue stream, said city Comptroller Scott Stringer.

The ruling on tax assessments orders Philadelphia to repay $48 million, with $34 million coming from the school district.

The lawsuits were filed a day after 11 Democrats in the Senate and a bipartisan group of 47 House lawmakers announced a long-shot effort to repeal the regulation using the Congressional Review Act.

The IRS regulation is targeted at ending workarounds by state and local governments that have been enacted since the cap was included in the 2017 Tax Cuts and Jobs Act.

Lawmakers are plowing through a pile of trailer bills, including two tax increases, that must pass to avoid blowing a hole in their $214.8 billion budget.

A tighter cap on local property tax rates for some cities and counties will factor negatively into future bond ratings, analysts warn.

Bills to limit the revenue flexibility of local governments and put more state funding toward schools were driven by a desire to limit property taxes.