Phil SantiagoJun 12

Among the INDY’s biggest findings: relief flowed overwhelmingly to corporate landlords and to companies like Blackstone, Capitol Broadcasting Company, IBM, and BlueCross BlueShield, which, just between the four of them, had $524 million shaved off the assessed values of their properties.

https://indyweek.com/news/durham-budget-shortfall-property-tax/ #NCPol #PropertyTax #USPol

How $4 Billion Came Off Durham’s Tax Rolls Last Year, Mostly Benefiting Corporate Landlords—and Blowing a Hole in the City Budget

Landlords and national companies won billions in property tax reductions. City leadership, banking on the revenue, didn’t know until April.

The INDY
CBC Kitchener-WaterlooJun 11
New property tax class for small Ontario municipalities proposed as way to encourage new housing
A new property tax class is being proposed for Ontario communities of less than 5,000 people. If approved by the province, it would allow those communities to reduce property tax rates on new homes for a period of 30 years, incentivizing new housing builds.
https://www.cbc.ca/news/canada/thunder-bay/proposed-new-property-tax-class-9.7230464?cmp=rss
CBC LondonJun 11
New property tax class for small Ontario municipalities proposed as way to encourage new housing
A new property tax class is being proposed for Ontario communities of less than 5,000 people. If approved by the province, it would allow those communities to reduce property tax rates on new homes for a period of 30 years, incentivizing new housing builds.
https://www.cbc.ca/news/canada/thunder-bay/proposed-new-property-tax-class-9.7230464?cmp=rss
CBC Thunder BayJun 11
New property tax class for small Ontario municipalities proposed as way to encourage new housing
A new property tax class is being proposed for Ontario communities of less than 5,000 people. If approved by the province, it would allow those communities to reduce property tax rates on new homes for a period of 30 years, incentivizing new housing builds.
https://www.cbc.ca/news/canada/thunder-bay/proposed-new-property-tax-class-9.7230464?cmp=rss
CBC New BrunswickJun 9
Proposed formula might not offer equal property tax relief to all, says Fredericton treasurer
A proposed formula aimed at stabilizing the growth of property tax bills might not fully apply to a group of Fredericton residents who recently became part of the municipality, according to a senior city staffer.
https://www.cbc.ca/news/canada/new-brunswick/fredericton-property-taxes-9.7227939?cmp=rss
CBC CalgaryJun 9
Calgary considering new property tax levy to support aging infrastructure
City council is considering a range of options to reduce a funding gap that administration has said could cost at least $49 billion in the next decade to address aging infrastructure, including water pipes, roads, transit and parks.
https://www.cbc.ca/news/canada/calgary/property-tax-levy-infrastructure-9.7227849?cmp=rss
Hacker NewsJun 8

90210 – running the show without property tax

https://github.com/Achint08/90210

#HackerNews #90210 #propertytax #hackathon #techinnovation #realestate #showrunning

GitHub - Achint08/90210: 90210 - like the show · but you're the showrunner

90210 - like the show · but you're the showrunner. Contribute to Achint08/90210 development by creating an account on GitHub.

GitHub
BGDon 🇨🇦 🇺🇸 👨‍💻Jun 4

Grimes County Texas, has agreed to give SpaceX a 100% property tax abatement for its proposed $5B Terafab semiconductor chip manufacturing facility.

In exchange SpaceX agreed to remit a lump sum of $10M to the county, followed by $20M annually for 35 years.
https://www.tomshardware.com/tech-industry/big-tech/elon-musks-spacex-secures-100-percent-property-tax-exemption-for-planned-usd55-billion-terafab-semiconductor-factory-in-texas-county-approves-35-year-deal-worth-hundreds-of-millions-despite-resident-backlash #SpaceX #Texas #GrimesCounty #TerraFab #Semiconductors #PropertyTax #Investment #Infrastructure #Taxes

Namma WardMay 30

Karnataka clarifies that Urban Local Bodies will continue property tax collection & civic administration in SIR areas. New rules also enable digital e-Khata & property records under SIR framework.

https://links.nammaward.in/P1Ye0

#Karnataka #SIR #PropertyTax #UrbanLocalBodies

CBC New BrunswickMay 28
N.B. property tax changes target municipal revenue windfalls fuelled by soaring assessments
A complex new formula introduced for calculating property taxes in New Brunswick will loosen the connections between residential and non-residential tax rates in municipalities and automatically lower rates when local property assessments rise.
https://www.cbc.ca/news/canada/new-brunswick/new-brunswick-property-tax-changes-9.7214102?cmp=rss