Property owners along North Michigan Avenue and other commercial corridors in Chicago get the OK to impose a small tax on themselves to fund area improvements — but not without a delay.
Crain's Chicago Business’ Post
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*AUDITING COMMERCIAL LEASE COSTS- Op Ex, RE Tax, Utilities & Cleaning * Climate Change Compliance *Energy Management
NY STATE HOUSING DEAL in the new NY State Budget is a compromise- The new Property Tax Incentive for real estate developers to construct affordable housing in NYC is the "485-x" program. It is the heir to the 421-a program that expired in 2022. 485-x has more affordable programs and sets forth new labor standards. The deal established “good cause” eviction protections for resi tenants by capping rent increases on covered apartments at the lower of 10% or 5% plus the consumer price index. Landlords may evict tenants who violate their lease, cause a nuisance, or if the Landlord plans to take the unit off the market. The Good Cause legislation does not affect tenants in co-op and condo rentals, apartment buildings with 10 or less units, and those in “high-rent” units, with rent higher than 245% of the federally-set fair market rent. Roy S. Fenichel, Esq. "Title is Vital"(R)
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Liverpool's plan to increase council tax on long-term vacant homes up to 300% aligns with Ad Hoc Property's mission to revitalise empty properties through Property Guardianship. This approach offers a practical solution for vacant property owners facing potential tax hikes by turning their vacant spaces into affordable housing. Property Guardianship not only helps owners avoid increased taxes but also ensures their properties are secure and maintained. It's a smart strategy for property owners in Liverpool and beyond to benefit from their unused assets while contributing positively to the housing solution. Find out more about our solutions for property owners here: https://lnkd.in/dfs8yEbp --- #PropertyOwner #PropertyManagement #VacantProperty #Property #News #PropertyNews #PropertyGuardian #PropertySecurity #Community
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Good Cause Eviction is is here but in many cases it may end up leading to higher rents and not lower rents. Although they are still finalizing the legislation, we are starting to get a sense of the basic framework of the legislation. If you want to know how the legislation will impact your property feel free to email me at [email protected] to discuss further.
The deal includes a version of “good cause eviction” and replaces the property tax break 421a. It also extends by six years the construction deadline for projects under the previous 421a program, which expired in 2022.
New York State Lawmakers Finally Agree on Housing Deal
therealdeal.com
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Municipal Monday..... This week we'll discuss Oak Park. The seller of property in Oak Park is required to purchase real estate transfer tax stamps before a property transfer can be completed. Transfer stamps are $8 per thousand, or fraction thereof, of the full actual contract price. An exempt stamp for a non-sale transaction requires the original deed, signed and notarized along with the statement by grantor and grantee. The fee for exempt properties is $30. Link for Village of Oak Park Finance (Real Estate Transfer) requirements: https://lnkd.in/gRgXKwbr Link for Real Estate Transfer Form: https://lnkd.in/gCpevUaE Note: Real estate transfer stamps will not be issued until all outstanding Village utility charges have been paid in full. The seller should order a final water reading so that the final bill is prepared when real estate transfer stamps are to be purchased. ATA National Title Group closest locations to Oak Park is between our Oak Brook office (1550 Spring Rd, Suite 108) and Chicago/Loop office at 120 S LaSalle Street Suite 1240. We look forward to working with everyone to offer our title and escrow services for residential and commercial transactions. Let us know how we can be of assistance. #oakpark #cookcounty #transferstamps #finalwaterreading #finance #illinois #titleinsurance #escrowservices #atanationaltitlegroup #resale #residential #commerical #seamless #closing Michael McNamara R. Michael Wood Lisa Hooten Eve Enos Robert Peters David Buoscio Sharon Sayre
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We are hearing a lot about SF real estate loan issues and overall values. Will Prop 8 valuation/tax reductions follow suit? Great read below! #ryanpropertytax
As San Francisco’s real estate prices plunge, property owners are seeking to reduce their property assessments and tax payments. On the subject of initial reassessments, Ryan Principal Nick Fogle is of the opinion that claiming a bigger reduction early is a better approach than opting to appeal for a discount later. Read more: https://lnkd.in/ezHKj-u4
San Francisco Prices Are Sinking, and Property Owners Want a Tax Cut
msn.com
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After weeks of property tax-related fodder, and much criticism that a 10.5% bump to the residential rate is hasty and too drastic, Toronto Mayor Olivia Chow has proposed a lesser increase of 9.5%. #realestate #realestatenews #propertytax #Toronto https://lnkd.in/gr922zv8
Chow Brings Proposed Property Tax Hike Down To 9.5% In ‘Mayor’s Budget’
storeys.com
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Despite shrinking real estate market, Santa Clara County sees property tax roll jump $41.2B Contact me to discuss the latest scoop in real estate! #legacylivingrealty #legacyliving #bayarearealtor #bayarea #california #bayarearealestate #siliconvalley #realtor #californiarealestate #siliconvalleyrealestate
Despite shrinking real estate market, Santa Clara County sees property tax roll jump $41.2B
housing-trends.com
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Despite shrinking real estate market, Santa Clara County sees property tax roll jump $41.2B Contact me to discuss the latest scoop in real estate! #sanfrancisco #sfrealestate #bayarearealtor #bayarea #california #bayarearealestate #sanfranciscorealestate #sfrealtor #californiarealestate #siliconvalleyrealestate
Despite shrinking real estate market, Santa Clara County sees property tax roll jump $41.2B
roomvu.com
