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Gordon had purchased the property in 1999 for $76,500, but at some point, someone submitted a new deed to the Pima County recorder, using Gordon's name but changing the state from Arizona to Texas.
In Colorado, the legislature increased how much homeowners could take out of their home valuation as part of a tax exemption from $15,000 to $55,000 last November.
Appealing these hikes is proving difficult. ‘People are going to lose their property’: This Illinois woman’s property tax is poised to pop from $756 to over $10,000 — a shocking 1,222% spike.
The homeownership rate in the United States [1] [2] is the percentage of homes that are owned by their occupants. [3] In 2009, it remained similar to that in some other post-industrial nations [4] with 67.4% of all occupied housing units being occupied by the unit's owner.
Generally, these exemptions and ceilings are available only to property owners who use their property as their principal residence. Homestead exemptions generally cannot be claimed on investment properties and second homes. When a homesteaded property changes ownership, the property tax often rises sharply and the property's sale price may ...
But surging housing prices over the past few years have resulted in more than 22.4 million households paying more than 30% in rent — and 12.1 million households paying more than 50% of their ...
Property technology encompasses any application of digital technology or platform economics in the real estate industry. Some examples of property technology include property management using digital dashboards, smart home technology, research and analytics, listing services/tech-enabled brokerages, mobile applications, residential and commercial lending, 3D-modeling for online portals ...
This is likely due to eminent domain laws, which allow the state government to take property for public use—in Sturgon's case, for a retention pond. Now, the family is coming to terms with leaving.