Holyoke tradeoff: property tax exemption in return for 16 new jobs, $5 million in expansions at Marcotte Ford
“Company President Bryan Marcotte and Filomeno and city planning officials met with the council Development and Government Relations Committee at City Hall. The committee voted 5-0 to recommend that the full City Council March 3…
Roosevelt University to Host Forum on Uses and Abuses of Tax Increment Financing to be Held on Feb. 18
“Roosevelt University will host a forum on the uses and abuses of Tax Increment Financing in Chicago from 5 p.m. to 6:30 p.m. on Wednesday, Feb. 18 in room 418 of the University’s Wabash Building,…
California appellate court vindicates Proposition 13’s eminent domain protection
“Enacted by voters as a ballot initiative in 1978, California’s Proposition 13 gives property owners relief on their tax bills by limiting property taxes to one percent of a property’s value, with a maximum two…
Time Limit to Transfer Base Year Property Tax Value Expanded for Eminent Domain Takings
“Californians who have owned their properties for years understand the benefits of Proposition 13: their property taxes are based upon the property’s purchase price (with only small allowable annual increases), as opposed to the property’s…