article thumbnail

Chicago landlord, business groups sue to block transfer tax hike

Inman

Voters are set to decide whether to increase the tax paid on real estate sales above $1M. Landlords and business groups say referendum violates the state constitution.

Landlords 166
article thumbnail

A property tax reckoning is coming

Housing Wire

The culprit is property tax bills, which arrived on April 1, bearing property tax increases driven by fast-rising home prices. In Spokane, the average property tax bill has risen from about $2,500 in 2019 to about $3,000 in 2021, tax assessment data shows. No one knows how this will all play out.”.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Taking the leap: The benefits of buying vs. renting a home

Housing Wire

By the time the first week of the month arrives, you’ve sent off that rent payment to your landlord. Unlike renting, where you’re consistently paying out money to a landlord, a purchased home offers the prospect of building wealth since it may appreciate in value over time. These costs may also fluctuate over time.).

article thumbnail

Proptech Parcl offers real estate investing without liquidity

Housing Wire

The price index reflects eight different data points, including listing transactions, satellite imagery and property tax records, according to Trevor Bacon, co-founder of Parcl. The platform gives users exposure to markets and allows the blockchain to trade. “We’re not touching the physical asset.

article thumbnail

Should You Buy a Home or Keep Renting? How To Decide in 7 Steps

Realtor

“When considering the overall cost of homeownership, the price of insurance and property taxes will vary based on community and location,” Ross says. You can check with your local tax office or assessor to confirm the property taxes in your area and calculate what you can expect to pay based on a home’s assessed value.

article thumbnail

The Definitive Guide to Buying a House in Arizona

Mashvisor

Not only is it landlord and Airbnb friendly, but property taxes are relatively low and home values, high… Arizona is one of the best states to invest in real estate.

article thumbnail

How Much Should I Increase Rent Every Year?

BiggerPockets

Knowing how much to raise yearly rent can be tricky for landlords. On the one hand, you must cover your expenses like property taxes, utilities, mortgage interest, and repairs. And […]