The Ohio House of Representatives on Wednesday passed two bills aimed at limiting future property tax increases by tying them to inflation — marking the latest in a series of efforts to curb rising property taxes across the state. Republican House Speaker Matt Huffman said the legislation represents “something significant” for Ohio taxpayers. He estimates […]
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A group of homebuyers has filed a class action lawsuit against D.R. Horton, the nation’s largest homebuilding company, and its mortgage lending subsidiary, DHI Mortgage Co., alleging that the companies engaged in deceptive home-selling and mortgage practices that left buyers with unexpectedly high monthly payments. The lawsuit — filed Oct. 1 in the U.S. District
Homebuyers sue D.R. Horton for alleged deceptive lending Read More »
A new bill introduced in the Ohio Senate would create a grant program to help older and disabled homeowners cover the cost of their property taxes, mortgages and essential household bills. Senate Bill 255 — dubbed the “Save the Dream Ohio” program — would allow qualifying homeowners to apply for up to $3,000 per year
Property tax, mortgage relief package introduced by Ohio lawmakers Read More »
Efforts to abolish or deeply reform property taxes are gaining momentum in multiple states — including Ohio — where impassioned debate has cited potential funding shortfalls for local services, seniors being prices out of homes and further effects on the housing market. Howard Fleeter, an economist with the Ohio Education Policy Institute who has worked
Ohio property tax debate intensifies Read More »
A Florida House select committee will meet later this month to discuss cutting or eliminating property taxes as Gov. Ron DeSantis continues pressing for action. A Thursday post from Florida Realtors said the House Select Committee on Property Taxes is tentatively scheduled to convene the afternoon of Sept. 22 and the morning of Sept. 23.
Florida House committee to discuss eliminating property taxes Read More »
What’s one thing most homeowners would say no one told them about buying a home? If you said how quickly property taxes can go up, you’re not lying—and let me give you a tip to help you save them thousands. But first, last night, some of my MBA Accounting students graciously volunteered with me to
Government officials in Mesa County, Colorado, urged state legislators in an open letter this week to preserve a property tax exemption for older adults and disabled veterans amid the state’s ongoing budget constraints. Colorado’s senior property tax exemption, which has been in place for the past 25 years, cuts 50% from the first $200,000 of
Colorado officials push to save property tax breaks for seniors Read More »
Rising property taxes, insurance payments and growing delinquencies are eroding the promise of long-term stability in homeownership, according to a new blog from Cotality. The post revealed that across the country, more people are starting to fall behind on their mortgages due to the post-purchase costs. These include property taxes and homeowners insurance, both of
Mortgage delinquencies are rising as homeownership costs pile up Read More »
Realtor.com has added a new feature to its My Home dashboard, allowing users to access property tax monitoring and appeals services through a partnership with Ownwell, a property tax appeal company. The integration comes amid rising homeownership costs across the country, with property taxes often cited as one of the largest annual expenses after mortgage
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On the surface, Seattle’s housing market looks like any other in the country. The inventory of single-family homes for sale is up substantially year over year. New listings are up slightly, sales remain subdued and home prices aren’t moving much. That’s the story in the majority of housing markets. But Seattle is wrestling with a
Seattle housing market wrestles with crippling affordability concerns Read More »