Remove Market Value Remove Marketing Remove Property Taxes
article thumbnail

Property taxes have been rising. Here’s what it means for housing

Housing Wire

In many communities, homeowners and homebuyers have been hit with eye-popping property tax increases. And homes in many communities have shot up in value in recent years, leading to tax increases through reassessments. But opinions differ on how much impact higher taxes are having on local housing and mortgage markets. “I

article thumbnail

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.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The National Average Property Tax Rate Increased Nearly 7 Percent in 2023

Appraisal Buzz

billion in property taxes were levied on single-family homes nationwide in 2023, up 6.9% growth rate in 2022 – and the largest in the past five years, the firm says in its annual property tax analysis report. The report also shows that the average tax on single-family homes in the U.S. Roughly $363.3

article thumbnail

Ownwell partners with Valon on property tax monitoring service

Housing Wire

Ownwell is unveiling a new partnership that aims to help homeowners save money by avoiding higher property tax payments. On Monday, the company said it would partner with mortgage servicing company Valon to offer property tax savings services. This is Valon’s latest move to upgrade its mortgage servicing platform.

article thumbnail

Property Tax Assessment Appeals: Lowering Your Tax Bill

Appraisal Partners Blog

Property taxes are a significant expense for homeowners. If you believe your property is assessed at a value higher than its fair market value, you have the right to appeal your property tax assessment. A successful appeal can result in a lower tax bill, saving you money each year.

article thumbnail

Real estate on the ballot: Here’s what passed at the state level

Housing Wire

The passing of Proposition 19 in California overhauls Proposition 13, which slashed property taxes by almost 60% in 1978. Now, eligible homeowners may transfer their tax assessments anywhere within the state – including the ability to transfer tax assessments to a more expensive home with an upward adjustment.

article thumbnail

Do Appraisal Gap Clauses Impact Appraisals?

Cleveland Appraisal Blog

Appraisal gap clauses have become relatively common in recent years due to many homes being sold at prices that market data does not support as being the market value. In this hot market, it’s not surprising that this type of clause is being written into some contracts. But not always.

Appraisal 402