Full article: Arlington County Manager’s Proposed FY 2012 Budget: No Real Estate Tax Rate Increase, No Service Cuts Restored ...
Arlington Lays Groundwork for New Commercial Real Estate TaxAmendment to County Code would allow tax to fund transportation projects Arlington, VA, November 28, 2007 – The Arlington County Board last night voted to amend the Arlington County Code to allow a future additional real estate tax on commercial and industrial properties. Any revenue generated by such a tax would be used exclusively to fund transportation [...]...Arlington County Board Approves Building, Zoning Fee Hikes
Fees to fund faster service and a new customer service center ARLINGTON, VA, September 18, 2007 – The Arlington County Board today approved fee increases for building and zoning permits expected to bring in nearly $7.5 million in new revenue for Fiscal Year 2008. The new fees go into effect October 1, 2007. ...Arlington Residential Real Estate Stabilizes at -1.25%
$40 million gap for FY 2010 budget still forecast ARLINGTON, Va. - December 15, 2008 - (RealEstateRama) – In his monthly budget update to the public and the County Board, Arlington County Manager Ron Carlee today announced that the net change in residential assessments is a decline of 1.25%. ...Arlington County Real Estate Values Better Than Expected
Estimated 2010 budget gap now $35 million ARLINGTON, Va. - December 30, 2008 - (RealEstateRama) – Arlington real estate property values for 2009 performed at a higher-than-expected level, showing a net gain of 0.4%, County officials announced today. Existing properties declined in value 0.06%, but new property added 1.0% to the County’s real estate, resulting in a slight gain. ...Arlington County Increases Assistance for First-time Homebuyers
ARLINGTON, Va. - April 28, 2009 - (RealEstateRama) — The Arlington County Board today approved the first increase since 2003 in purchase assistance for low and moderate income first-time homebuyers, a move designed to make it easier for those who are eligible to buy homes in Arlington....Proposed property tax levies for 2010 increase by average of 3.5 percent statewide
Saint Paul, MN - November 19, 2009 - (RealEstateRama) -- Property tax levies will increase an average of 3.5 percent statewide if proposed local tax levies are adopted later this year, the Minnesota Department of Revenue announced today. This compares to last year’s increase of 5.6 percent and an average increase of 6.9 percent during the past three years....3849 Justice Department Announces Indictment and Six Lawsuits Targeting False Claims for First-time Homebuyer and Earned-income Tax Credits
WASHINGTON, DC - February 9, 2011 - (RealEstateRama) -- The United States has filed six lawsuits in five states to stop tax return preparers from fraudulently claiming the first-time homebuyer tax credit and the earned-income tax credit, the Justice Department announced today. The filings of those civil injunction complaints coincided with the indictment of a Philadelphia man on criminal charges of fraudulently claiming the first-time homebuyer credit. All of these actions are part of the Justice Department’s continuing efforts to halt tax scams involving false claims for tax credits and to prosecute those who fraudulently file tax returns containing those claims.BOMA International Adopts Policy Positions on FIRPTA and Data Access
WASHINGTON, DC - February 9, 2011 - (RealEstateRama) -- The Building Owners and Managers Association (BOMA) International’s Board of Governors recently passed two new policy positions in response to important, emerging issues. Foreign Investment in Real Property Tax Act (FIRPTA) Policy Position: BOMA International supports amending, if not the outright repeal of, FIRPTA to increase the amount of foreign capital invested in the U.S. commercial real estate marketSenate Passes Mandate Relief Legislation
New York, NY - February 8, 2011 - (RealEstateRama) -- The New York State Senate today passed three mandate relief bills that would give local governments more authority and flexibility and help save taxpayer dollars. “As the Senate works to enact a property tax cap, it’s important that we also pass mandate relief measures to give municipalities the ability to allocate resources on community priorities, rather than to address state mandates that may not be needed,” Senate Majority Leader Dean Skelos said. “The bills we passed today are simple, common sense legislation to save money.Mayor Says Legislative Action Could Increase Local Property Taxes Or Lead To Major Cuts
February 3, 2011 - (RealEstateRama) -- Mayor Chris Beutler today said cities are willing to do their part to help the State solve its budget crisis. But he called on the State Legislature to reconsider proposals that could force cities to raise property taxes and make major service cuts. He said the State, through a combination of actions and inactions, is in danger of creating a "destructively adverse" financial situation for cities and cited three areas of concernSenate Passes Property Tax Cap Legislation
New York, NY - February 1, 2011 - (RealEstateRama) -- The New York State Senate today passed property tax relief legislation (S.2706) that would place a cap on the growth of school property taxes at two percent or the Consumer Price Index (CPI), whichever is less. If enacted, New York would become the 44th state to cap local property taxes. In addition, the Senate approved two measures related to providing mandate relief to school districts and local governments.
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