Property taxes

The changing climate is increasing insurance rates for residents and cities and lowering property values in areas that face more frequent and intense disasters.

A 2025 state law prohibits cities from increasing their property tax revenue if they fail to produce a timely annual financial audit.

As South Dakota becomes the latest Midwest state to consider property tax reform, some officials are scrutinizing school districts more closely.

The county treasurer's new report describing large hikes in Chicago residential tax bills effectively takes property tax hikes off the table for the city.

Chicago homeowners face a record property tax hike after the city's downtown office buildings and other commercial real estate values fell again.

The city council took action to keep the property tax rate unchanged, a move that could punch a $53 million hole in the fiscal 2026 budget and drain reserves.

A six-notch downgrade gives the financially troubled city a non-investment grade rating of BB-plus with a negative outlook.

A debt restructuring by Ninnekah Public Schools aimed to reduce the impact of a court-approved settlement that will still result in a huge property tax hike.

La Marque's two-notch downgrade from Moody's follows a rating cut last month by S&P; both agencies put the city on review for potential further downgrades.

Four cities were ordered to halt recent tax hikes pending an investigation of whether they complied with a state law that enforces a deadline for annual audits.

Ohio Gov. Mike DeWine's property tax working group released its final recommendations on Tuesday.

Two months after property tax payments would normally be due, Cook County, Illinois, is still struggling to send out accurate bills for the second part of 2024.

The city of La Marque is taking steps to stabilize its shaky finances after a short-lived debt service payment default and a bond rating downgrade.

S&P Global Ratings warned that Indiana's property tax reform law, Senate Enrolled Act 1, creates uncertainty for local income tax-backed debt.

Unless the state government makes changes to revenue or expenditures Florida faces a combined deficit of $8.1 billion in fiscal years 2027-28 and 2028-29.

Ohio politicians are racing to deliver relief as a citizens group gathers signatures for a November 2026 ballot initiative to end property taxes in the state.

Differences between the Senate and House versions of the bill, which targeted cities and counties, could not be resolved.

Big changes made by the House to a high-priority bill targeting cities and counties were rejected by the Senate, sending the measure to a conference committee.

A lawsuit seeks to force the Texas city to reword its Nov. 4 property tax rate hike proposition to correct "misleading" language.

The ruling by a state judge comes in a lawsuit that pointed to unequal access by public school districts to local property taxes and bonds.