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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.
Many families that were displaced or lost their homes in the Smokehouse Creek Fire are starting all over from scratch due to lack of insurance.
A windfall tax is a higher tax rate on profits that ensue from a sudden windfall gain to a particular company or industry. There have been windfall taxes in various countries across the world, including Australia, [ 1 ] Italy, [ 2 ] [ 3 ] [ nb 1 ] and Mongolia (2006–2009).
If the landowner is unable to make such a showing, the neighbor must be shown to have been negligent in order for the landowner to recover damages. [ 1 ] If the landowner owns everything beneath the ground on his property, he may convey to another party the rights to mineral deposits under the land and other things requiring excavation, such as ...
Major hailstorms pelted three big cities across the south-central United States on Wednesday night, shattering windows, denting vehicles and leaving behind headaches for homeowners. The hail hit ...
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Inverse condemnation is a legal concept and cause of action used by property owners when a governmental entity takes an action which damages or decreases the value of private property without obtaining ownership of the property through the use of eminent domain. Thus, unlike the typical eminent domain case, the property owner is the plaintiff ...
The Houston area controls 4% of the spending power in the United States. [101] Debris was scattered across a road verge and a road sign was damaged in front of a Golden Corral in Corpus Christi. In September 2017, the Insurance Council of Texas estimated the total insured losses from Hurricane Harvey at $19 billion.