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This tax may be imposed on real estate or personal property. The tax is nearly always computed as the fair market value of the property, multiplied by an assessment ratio, multiplied by a tax rate, and is generally an obligation of the owner of the property. Values are determined by local officials, and may be disputed by property owners.
Real estate transfer taxes have become controversial in some U.S. jurisdictions seeking to increase transfer taxes on higher end property sales to help combat issues like homelessness. 2022's Chicago's Bring Chicago Home initiative, seeks to increase transfer taxes on $1 million transactions by 253% or t o 2.65% or $26,500 per million dollar of ...
The Big Creek tributary, like the Escatawpa, originates in Alabama and flows into Mississippi, joining the Escatawpa about nine miles (14 km) northeast of Robertson Lake. Big Creek Lake was a source of controversy regarding the equitable apportionment of limited fresh water resources between the states of Mississippi and Alabama in the early ...
On Aug. 17, rules surrounding real estate commissions are set to change thanks to a legal settlement between the National Assn. of Realtors and home sellers. Proponents hope the new rules will ...
Hire a discount agent: A low-commission real estate agent will likely charge much less than a traditional agent would — usually 1 to 1.5 percent of your home’s sale price. (However, you might ...
County splitting rules were made more restrictive after the formation of La Paz County in 1983, which required a significant state investment to keep the county running as the result of its small tax base. [2] There is an ongoing movement in Lake Havasu City to split from Mohave County. [3]
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Big Lake in Osceola County, Michigan Big Lake (Grant County, Minnesota) Big Lake (Minnesota-Wisconsin), part of "Pool 4", above Lock and Dam No. 4 on the Mississippi River