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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 view tax is a term for the fact that the appraisal of a piece of real estate in preparation for assessing property tax includes aspects of a property that are subjective, such as its view. It was also the informal name for a 2005 bill in the legislature of the U.S. state of New Hampshire (see below ).
Casco is a census-designated place (CDP) in the town of Casco in Cumberland County, Maine, United States. The population of the CDP was 587 at the 2010 census . [ 2 ] It is part of the Portland – South Portland – Biddeford , Maine Metropolitan Statistical Area .
Tax increment financing in the state of Maine allows a town or city to define, after applying to the state, a certain region or business within its borders as a TIF district. The local tax revenues generated by that district are, one, dedicated to a specific project or economic development fund, and two, are not counted towards the municipality ...
Nov. 13—A large fire on Long Island in Casco Bay on Monday afternoon produced a plume of black smoke that could be seen from the mainland. An investigator for the Office of the State Fire ...
The parcel tax is a form of real estate tax. Unlike most real estate taxes [citation needed] or a land value tax, it is not directly based on property value. [1] It funds K–12 public education [2]: 187 and community facilities districts, which are usually known as "Mello-Roos" districts. [1] The California parcel tax, in its typical form as a ...
Macaulay Culkin had big plans for the beloved Home Alone house!. The former child star, 44, said he considered buying the real home featured in the Christmas classic film when it was recently ...