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State and Local Property Tax Revenues Eclipse $700 Billion

Eyes on Housing

NAHB analysis of the Census Bureau’s quarterly tax data shows that $703.5 billion in taxes were paid by property owners in the four quarters ending Q2 2021.[1] 1] Four-quarter property tax revenues have climbed 13.2% since decreasing 0.2% in Q2 2020 (the first decrease since 2012). Read More ›

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The Importance of Tax Escrow Payment Processing for Mortgage Servicer Operations

Appraisal Buzz

Mortgage tax escrow payments for local property owners and government processors continue to serve as a crucial source of revenue for local governments. Among these payments, timely settlement of local property taxes holds particular significance.

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Fannie Mae: Policymakers should look elsewhere to improve affordability

Housing Wire

“For ongoing non-mortgage costs in particular, expanding programs that help to reduce utility costs and limit property tax burdens for low-income households are obvious solutions.”. The federal government has no simple mechanism to reduce local property taxes or utility costs.

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12 Types of Expert Witness Assignments for Appraisers

McKissock

Tax appeal. Typically, this would be for local property tax appeals. If the IRS reviewer rejects an appraisal, there could be significant restraints on any future appraisal work for the IRS or other federal government agencies. Learn more. Partitionment.

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Anatomy of a Commercial Real Estate Appraisal: A Top 17 Q&A Guide

The Robert Weiler Company

For instance, you may want to share the commercial appraisal with the seller, your lender, and perhaps your local property tax appeal board. Question 10: What do commercial appraisers look for when determining a property’s value?