Laws & Taxes

Laws & Taxes

The road to prosperity should NOT be paved with a tax on commissions!

WASHINGTON, D.C. - February 27, 2013 - (RealEstateRama) -- As the legislature continues to look at ways to fund this proposal, many ideas have been presented. Recently, a sales tax on services has been thrown into the mix of funding mechanisms being di...

Fair Housing Posters Available for Display By Rental and Real Estate Businesses; Display of...

WASHINGTON, D.C. - February 25, 2013 - (RealEstateRama) -- The Montgomery County Office of Human Rights has updated fair housing posters available in both English and Spanish for display in residential and commercial rental offices, realty offices, pro...

Arlington County Board Advertises $1.021 Tax Rate for 2013

ARLINGTON, VA - February 25, 2013 - (RealEstateRama) -- The Arlington County Board today voted 4 to 0 to advertise a property tax rate of $1.021 per $100 of assessed value for Calendar Year (CY) 2013, including the stormwater sanitary district tax. Thi...

Speaker Quinn, Council Members Announce New Legislation To Protect Homeowners Seeking to Elevate Homes...

City Hall, NY - February 21, 2013 - (RealEstateRama) -- Today, City Council Speaker Christine C. Quinn announced details of new legislation that will protect New York City homeowners seeking to physically elevate their homes in the aftermath of Hurrica...

Balancing FY 2014 Budget Requires Tough Choices on Service Cuts, Tax Rate Increase

ARLINGTON, VA - February 21, 2013 - (RealEstateRama) -- Citing the need to close a $22 million budget gap in Fiscal Year 2014, Arlington County Manager Barbara Donnellan today previewed for the County Board a proposed balanced $1.073 billion budget tha...

Rep. Van Taylor Files Legislation Increasing Property Rights Protection

AUSTIN - February 21, 2013 - (RealEstateRama) -- Representative Van Taylor filed HB 1496, which will amend state law to include a land owner's mineral rights in the definition of private real property. Current law protects only the property rights of s...

Statement From Senate Republican Leader Dean Skelos

New York, NY - February 20, 2013 - (RealEstateRama) -- Two years ago, Democrats and Republicans laid aside their differences and enacted a property tax cap that finally put the brakes on rising property taxes in New York.

Tax Reform: Brady to Lead Bipartisan Working Group on Energy Taxes

Washington, D.C. - February 15, 2013 - (RealEstateRama) -- Chairman of the House Ways and Means Committee, Dave Camp of Michigan, today announced the formation of eleven separate Tax Reform Working Groups that will focus on comprehensive tax reform. R...

First Half Property Tax Statements have been Mailed

WASHINGTON, D.C. - February 14, 2013 - (RealEstateRama) -- Doug Lasher, Clark County Treasurer, announced that first-half 2013 property tax statements have been mailed. Property tax statements include property tax levy amounts, special assessments, and...

State Board of Real Property Tax Services Will Meet February 19

WASHINGTON, D.C. - February 14, 2013 - (RealEstateRama) -- The State Board of Real Property Tax Services will meet at 10:30 a.m. Tuesday, February 19th, 2013. The meeting will be held in Conference Room A on the second floor of Building 9 on the W.A. ...

Reps. Pascrell, Grimm, Rooney, Deutch introduce the Homeowner Catastrophe Protection Act of 2013

WASHINGTON, DC - February 6, 2013 - (RealEstateRama) -- To further assist victims of Hurricane Sandy, today U.S. Representatives Bill Pascrell, Jr. (D-NJ), Michael G. Grimm (R-NY), Thomas Rooney (R-FL), and Theodore Deutch (D-FL) introduced the Homeown...

Former Madison County Treasurer Guilty of Structuring Property Tax Sales to Reward Campaign Contributors

WASHINGTON, D.C. - February 6, 2013 - (RealEstateRama) -- The former treasurer of Madison County, Illinois pled guilty in U.S. District Court on February 5, 2013, to violating the Sherman Antitrust Act, the United States Attorney for the Southern Distr...

Important Tax Deadline for Seniors this Wednesday

WASHINGTON, D.C. - February 4, 2013 - (RealEstateRama) -- If you’re 65 years old or older and you live in Cook County, there’s an important property tax deadline for you coming up this Wednesday, February 6, 2013.

CASAGRANDE/O’SCANLON BILL TO SAVE TAXPAYERS MONEY THROUGH REVOLUTIONARY PROPERTY ASSESSMENT PROCESS SIGNED INTO LAW

WASHINGTON, D.C. - February 4, 2013 - (RealEstateRama) -- Bipartisan legislation sponsored by Assembly Republicans Caroline Casagrande and Declan O’Scanlon to save property taxpayers money by sharing property assessment resources countywide has been ...

Tax Year 2013 Homestead Exemption

WASHINGTON, D.C. - February 1, 2013 - (RealEstateRama) -- The Nebraska Department of Revenue, Property Assessment Division reminds property owners that the Nebraska Homestead Exemption Application or Certification, Form 458, must be filed with their co...

Recertification process underway for property tax deferral programs

SALEM - January 30, 2013 - (RealEstateRama) -- The Oregon Department of Revenue has started its annual review of participant eligibility for the state’s Senior and Disabled Citizens Property Tax Deferral Program.

Attorney General Koster reminds taxpayers that mortgage relief received in 2012 may be tax...

WASHINGTON, D.C. - January 30, 2013 - (RealEstateRama) -- Attorney General Chris Koster today said that Missourians who received mortgage relief, including principal reduction and short sales, for their primary residence may be able to consider the val...

MPSC: Home Heating Credits Now Being Processed

WASHINGTON, D.C. - January 30, 2013 - (RealEstateRama) -- The Michigan Public Service Commission (MPSC) today noted that the Michigan Department of Treasury is now processing Michigan Home Heating Credits (HHC) for the 2012 tax year. The credit assists...

NY 13365 – SBA Deadline for Physical Damage Extended to Feb. 27; Disaster Loan...

ATLANTA - January 30, 2013 - (RealEstateRama) -- The U. S. Small Business Administration has extended the deadline for Hurricane Sandy survivors in New York to return their low-interest loan applications for physical damage to Feb. 27, 2013. Also, SBA...

Assembly Passes Landmark Legislation to Give Hundreds of Thousands of New York City Homeowners...

New York, NY - January 29, 2013 - (RealEstateRama) -- Assembly Speaker Sheldon Silver (D-Manhattan) and Housing Committee Chairman Keith L.T. Wright (D-Manhattan) today announced passage of landmark legislation (A.3354) to provide hundreds of thousands...

SCHEPISI-CIATTARELLI BILL GIVING TOWNS ACQUIRING FLOOD-PRONE LAND TAX-EXEMPT STATUS APPROVED BY ASSEMBLY

WASHINGTON, D.C. - January 29, 2013 - (RealEstateRama) -- Bipartisan legislation sponsored by Assemblywoman Holly Schepisi, R-Bergen and Passaic, and Assemblyman Jack Ciattarelli, R-Somerset, Hunterdon, Mercer and Middlesex, that would exempt flood-pro...

RUMANA SPONSORED BILL GIVING TOWNS ACQUIRING FLOOD-PRONE LAND TAX-EXEMPT STATUS APPROVED BY ASSEMBLY

WASHINGTON, D.C. - January 29, 2013 - (RealEstateRama) -- Bipartisan legislation co-sponsored by Assembly Republican Whip Scott Rumana, R-Passaic, Bergen, Essex and Morris, that would exempt flood-prone properties acquired by municipalities from county...

Online Tool Makes It Easier for Landlords to Comply with Vermont’s Lead Law

WASHINGTON, D.C. - January 28, 2013 - (RealEstateRama) -- The Vermont Department of Health has developed a free online service that will make it easier for owners and managers of pre-1978 rental housing to comply with essential maintenance practices ma...

Zillow Predicts San Francisco Home Values To Increase

WASHINGTON, D.C. - January 28, 2013 - (RealEstateRama) -- Zillow predicts that the median home value in the San Francisco Metro Area (including Marin, San Mateo, Alameda and Contra Costa counties) will rise 7.3% this year -- more than twice as much as ...

Property Tax Foreclosure Sale

WASHINGTON, D.C. - January 24, 2013 - (RealEstateRama) -- Doug Lasher, Clark County Treasurer, announced that a Property Tax Foreclosure Auction will be conducted on Friday, February 1, 2013 at 9 a.m. in the 6th Floor Hearing Room, Clark County Public ...

Real property taxes are due soon

LĪHU‘E - January 18, 2012 - (RealEstateRama) -- County officials would like to remind Kaua‘i property owners that the second installment of real property taxes for the 2012-2013 tax year is due on Feb. 20.

Endorse funding the National Housing Trust Fund by supporting reforms to mortgage interest deduction

January 18, 2012 - (RealEstateRama) -- The National Low Income Housing Coalition proposes to modify the current mortgage interest tax break by reducing the size of a mortgage eligible for a tax break to $500,000, and to convert the deduction to a 15-20...

UTAH HOUSING CORPORATION AWARDS $59 MILLION FOR AFFORDABLE MULTIFAMILY RENTAL HOUSING

WASHINGTON, D.C. - January 17, 2012 - (RealEstateRama) -- Utah Housing Corporation recently announced awards of its 2013 round of competition for federal Low Income Housing Tax Credits (LIHTC). As the administrator of the LIHTC program for the State of...

IRS Announces Simplified Option for Claiming Home Office Deduction Starting This Year; Eligible Home-Based...

WASHINGTON, DC - January 16, 2012 - (RealEstateRama) -- The Internal Revenue Service today announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of th...

State Approves City Market Rate Housing Plan

January 15, 2012 - (RealEstateRama) -- Mayor Domenic J. Sarno announced today that the city has received final approval from the Commonwealth of Massachusetts, Department of Housing & Community Development, on Springfield’s Market Rate Housing I...

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Mayor London N. Breed today joined community leaders to celebrate the groundbreaking of future affordable housing at 1950 Mission Street. Once completed, the project will offer 155 affordable apartments for families