Property owners in Martinsville are learning this week that their values have increased dramatically since the last reassessment, but that doesn’t necessarily mean taxes will increase by the same amount. Reassessment notices were mailed Monday, and residents are finding that the median home value in Martinsville has risen 31.42% over the past two years. “It …
Jeremy Laundergan loves his Lake Superior home, which he and his wife bought in 2012. The engineer lived in California for 18 years, but grew up here. So he’s glad to be back. It’s a modest house, but Laundergan told us the value has almost doubled in the last 10 years. “Based on the current …
hunter johnson Since the beginning of 2020, businesses of all kinds have faced a seemingly endless set of unique challenges, including a global pandemic that created an economic shutdown, a record number of natural catastrophes, and a difficult insurance market. When COVID-19 lockdown measures ended in mid-2021, hopes that the worst was over were dashed …
LEBANON — City officials are preparing residents for the prospect of significantly higher property tax bills in November due to the increase in the value of residential homes compared to non-residential properties over the past year. Single-family homes in the city have increased their assessed value by an average of 27% since April 2021. And …
Today’s inflation suggests that their pro forma models should represent noticeably higher net operating income increases in the coming year than the traditional 2-3 percent. We would suggest something like 5.5 percent for the next 12 months, followed by around 3.5 percent for the next 12 months, before going back to the traditional 2-3 percent. …
CHATHAM, NJ — Beginning next month, township properties will be revalued, and township officials discussed the process at this week’s council meeting to explain why it’s necessary. At the regular Chatham Town Council meeting on Monday night, Jason Cohen of Appraisal Systems, Inc. and Therese DePierro, Tax Consultant for the Town of Chatham, provided an …
UK commercial property market valuations are falling at their fastest pace since the Brexit vote and trading is grinding to a halt, in early indications that higher interest rates could push the market into a prolonged recession. According to index provider MSCI, UK commercial property values fell 2.6% last month, the biggest monthly decline since …
At the lower end of Manhattan is a prime piece of real estate, the price of which is somewhat questionable. For the owners, the Trump Organization, 40 Wall Street is worth an incredible $735 million, or at least it was in 2015. Others disagree, pointing to an appraisal from that year by a real estate …
When Emily Joseph bought her first home, in Kidd Springs Park Earlier this year, he expected the annual property tax to be about $4,000, based on 2019 valuations. But when he closed in May, the annual tax had doubled to about $8,000, adding $300 more than expected to his monthly house payment. “I didn’t think …
APPLETON — After rising and then leveling off for a few years, property taxes in Appleton have dropped, and not just a little. Property owners for the 2022-2023 fiscal year will pay a mill fee of $21.50 per $1,000 of assessed valuation, the Select Board decided at its Sept. 20 meeting. That’s down 5.5 percent, …