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How will California’s Proposition 19 impact property taxes?

Housing Wire

A slim majority of California residents voted in favor of Proposition 19 on Election Day, green-lighting a motion that gives new property tax breaks to older homeowners while increasing property taxes for those inheriting their parents’ or grandparents’ properties. Presented by: CoreLogic.

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Why CAR campaigned for California’s Proposition 19

Housing Wire

The bill is expected to add $2 billion to California’s coffers annually, and homeowners with disabilities, seniors looking to move for health reasons, and empty nesters looking to downsize could receive property tax breaks when buying a new home, CAR officials said. The state’s going to make a lot of money.”.

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9 tips for homebuyers in non-disclosure states

Housing Wire

.: Alaska Idaho Kansas Montana New Mexico North Dakota Utah Wyoming Louisiana Missouri (partial) Mississippi Texas Purchasing real estate in a non-disclosure state can significantly impact home buyers because it’s next to impossible to find property sale prices through public records.

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How to price homes properly in a volatile housing market

Housing Wire

High-volume home sellers are in a bit of a pickle in today’s market thanks to rapidly rising mortgage rates last year. We’re just trying to move inventory quickly,” said Lee Kearney, a Tampa, Florida-based real estate investor who has an inventory of between 15 and 20 homes for sale at any given time. “If

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Are Home Buyers Regretting Their Purchase?

Cleveland Appraisal Blog

HOME VALUES AND OVER-PAYING. Some buyers are paying over market value for their homes. Some may have over-paid because of costly repairs needed to the property, that the buyer did not know about. It’s one thing to pay more than market value for a home because of being in a bidding war. PROPERTY TAXES.

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The Proposed NYC "Pied-A-Terre Tax" Looks Catastrophic to NYC Real Estate

Miller Samuel

Much of this speculation is being driven by two factors: sparse supply, due to the absorption of the inventory left over from the last boom, and fast-rising prices. Manhattan saw a 30 percent price increase over the past year, on average, which market analyst Jonathan Miller attributes primarily to sales closing in ultraluxury buildings.

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Things To Remember About Tax Appeals

Cleveland Appraisal Blog

As January rolls around each year, homeowners begin receiving their property tax bills. That’s why my tax appeal work often picks this time of the year. It should be no surprise that assessed home and land values are increasing. If a home needs major repairs, clearly this can have a negative impact on market value.

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