Housing Wire

SEPTEMBER 24, 2024

The mayor of South Portland, Maine , recently acknowledged that property taxes in the region are particularly challenging for those living on a fixed income. Property taxes in the city — as is the case with many localities nationwide — are higher, and the tax burden is increasingly shifting from commercial to residential properties.

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Property Taxes Mortgage Real Estate Finance 467

Housing Wire

APRIL 17, 2024

A retired public school teacher living in the Pacific Northwest told MarketWatch that he is feeling stressed by high property taxes on a fixed income and asks if he would be a good candidate for a financial adviser. for 49 years, and my property taxes rise quickly. I have lived in Edmonds, Wash.

Property Taxes 459

Property Taxes Mortgage Tools Housing Market 459

Housing Wire

NOVEMBER 26, 2024

Mortgage technology platform Haven is allowing its users to access property tax monitoring and protesting services. The New Jersey-based company has partnered with property tax service provider Ownwell , according to a recent joint announcement. Mortgage servicers and investors can also benefit from this collaboration.

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Property Taxes Investors Technology Tools 401

Housing Wire

JULY 26, 2021

As these companies examine critical operational workflows, the property tax reporting process often stands out as an opportunity for re-engineering. Digitizing Property Tax Reporting. Given there are over 22,000 tax agencies in the U.S.,

Property Taxes 435

Property Taxes Technology Lending Development 435

Appraisal Buzz

JANUARY 14, 2025

Homeowners enjoying the equity gains of soaring property values are now contending with an unwelcome consequence: skyrocketing property taxes. Over the past few years, property tax payments have climbed sharply in many regions, particularly in states once regarded as affordable. since 2019. since 2019.

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Property Taxes Government Mortgage Buyers 261

Appraisal Buzz

APRIL 4, 2024

billion in property taxes were levied on single-family homes nationwide in 2023, up 6.9% growth rate in 2022 – and the largest in the past five years, the firm says in its annual property tax analysis report. The report also shows that the average tax on single-family homes in the U.S. Roughly $363.3

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Property Taxes Government Market Value Valuation 368

Housing Wire

MARCH 16, 2021

Plaza Home Mortgage was no exception, as it sought to improve its property tax estimation process. This case study explores how the correspondent lender was able to reduce its property tax estimation time by upwards of 90% per loan by implementing CoreLogic’s Property Tax Estimator (PTE).

Property Taxes 397

Property Taxes Tools Clients Lending 397

Eyes on Housing

OCTOBER 5, 2023

NAHB analysis of the 2022 American Community Survey data shows that New Jersey leads the nation with the highest average annual real estate tax (RET) bill ($9,285)—$8,425 more than yearly property taxes paid by Alabama’s homeowners ($860). The size of this disparity grew 1.1% in 2022 and has increased 9.3% since 2017.

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Property Taxes Real Estate 216

Housing Wire

FEBRUARY 15, 2024

Among homeowners who have a mortgage escrow account, only 52% fully understand how the account works, according to survey results released Thursday by property tax services provider LERETA. In 2023, 60% of the calls were related to escrow accounts, specifically shortages due to rising property taxes or insurance costs.”

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Property Taxes Insurance Mortgage Finance 505

Appraisal Buzz

SEPTEMBER 19, 2024

Escalating home values have driven up property taxes, leading to homeowner distress, making it more important than ever to help them understand and plan for these increases. With the trust of all the nation’s top 25 residential servicers and over 48 million loans under tax service, we’ve identified six strategies to help.

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Property Taxes Tools Technology Investing 222

Eyes on Housing

OCTOBER 5, 2021

Property taxes vary widely across states both in terms of annual taxes paid as well as effective tax rates. In 2019, the difference between average real estate taxes paid by New Jersey and Alabama home owners was $7,974.

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Property Taxes Real Estate 202

The Appraiser Coach

AUGUST 9, 2021

Sometimes your home is assessed at more than it is actually worth on the current market which could result in you paying higher property taxes than you should. Read More.

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Property Taxes Real Estate Appraisal Marketing 221

Eyes on Housing

DECEMBER 21, 2023

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $129 billion in taxes were paid by property owners in the third quarter of 2023 (not seasonally adjusted).[1] 1] In the four quarters ending Q3 2023, state and local governments collected $757 billion of property tax revenue—an 11.6%

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Property Taxes Government 189

Appraisal Buzz

FEBRUARY 25, 2022

CoreLogic has released its latest Real Estate Property Tax Delinquency Report, which analyzes real estate property tax delinquency changes on a state levels and nationally. The report, which measures national and state property taxes delinquency rate percentages ranging from 2011-2021.

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Property Taxes Real Estate Appraisal 195

Appraisal Buzz

OCTOBER 25, 2024

Escalating home values have driven up property taxes, leading to homeowner distress, making it more important than ever to help them understand and plan for these increases. These systems can handle common borrower questions related to property taxes, such as payment schedules or tax amounts due.

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Property Taxes Tools Technology Investing 195

Appraisal Buzz

MARCH 23, 2022

We sat down with Randy and Joan Trice, Founder of Allterra Group, LLC to discuss their recent report (can be found here ) on current market conditions and property tax delinquencies. What is the CoreLogic Property Tax Delinquency Report? What does this report mean for the appraisal industry?

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Property Taxes Appraisal Marketing 195

Housing Wire

NOVEMBER 10, 2020

The passing of Proposition 19 in California overhauls Proposition 13, which slashed property taxes by almost 60% in 1978. Now, eligible homeowners may transfer their tax assessments anywhere within the state – including the ability to transfer tax assessments to a more expensive home with an upward adjustment.

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Real Estate Property Taxes Development Renovations 475

Housing Wire

JUNE 10, 2024

It’s also due to growing property taxes and homeowners insurance premiums as providers exited states where risks are elevated. Bankrate calculated the average annual cost of owning a single-family home based on items such as property taxes, homeowners insurance and maintenance costs, as well as energy, internet and cable bills.

Property Taxes 515

Property Taxes Insurance Home Value Inventory 515

Appraisal Buzz

APRIL 14, 2022

Property taxes are a given for most people in the country, and as with everything else, increases happen every year. To quote Benjamin Franklin, “nothing is certain except death and taxes.” from … The post Homeowners Paid a Collective $328B in Property Taxes in 2021 appeared first on DSNews.

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Property Taxes Appraisal 195

Inman

JULY 23, 2024

Hidden costs of homeownership, like property taxes and homeowners insurance, were given a 37 percent risk factor for triggering mortgage delinquency by leaders in default servicing, according to a survey by Auction.com.

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Property Taxes Insurance Mortgage Marketing 183

Appraisal Buzz

FEBRUARY 23, 2022

from the year prior, according to CoreLogic ’s Real Estate Property Tax Delinquency Report, which analyzes real estate property tax delinquency changes nationally and at state levels. The post CoreLogic Data Indicates Drop in National Average Property Tax Delinquency Rate in 2021 appeared first on Appraisal Buzz.

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Property Taxes Real Estate Appraisal 195

Housing Wire

OCTOBER 11, 2024

As those on a fixed income continue to wrestle with rising property taxes , the mayor of South Portland, Maine , recently recommended that area seniors explore reverse mortgages as a potential option to add financial flexibility. After enduring backlash, Mayor Misha Pride has walked back his comments.

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Property Taxes Mortgage Law Tools 422

Inman

NOVEMBER 8, 2024

Realtor.com Chief Economist Danielle Hale cautioned that while North Dakota’s property tax system might benefit from reform, eliminating it entirely could create even greater challenges. State officials estimated that Measure 4 would cost North Dakota $3.15 billion in lost revenue over two years.

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Property Taxes Marketing 158

Inman

MARCH 20, 2024

An appeals court issued a ruling on Tuesday stating that a lawsuit challenging New York's property tax system was mistakenly dismissed

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Property Taxes Marketing 167

Eyes on Housing

MARCH 29, 2023

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $286 billion in taxes were paid by property owners in the fourth quarter of 2022 (not seasonally adjusted).[1] 1] State and local governments collected $714 billion in property taxes in 2022, $46 billion more than 2021.

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Property Taxes Government 163

Eyes on Housing

MARCH 21, 2022

NAHB analysis of the Census Bureau’s quarterly tax data shows that $672.5 billion in taxes were paid by property owners in the four quarters ending Q4 2021 (not seasonally adjusted), a 1.0% 1] Four-quarter property tax revenues declined 0.6% Property taxes accounted for 36.2% quarterly increase.[1]

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Property Taxes Government 181

Appraisal Buzz

JUNE 10, 2024

Bankrate compiled the typical costs of property taxes, homeowners insurance, and home maintenance, which was estimated to be 2% of a home’s value per year. Massachusetts property taxes are a big lift—the typical bill is $7,413—and single-family home prices are high. is now 26% higher than it was four years ago.

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Property Taxes Insurance Home Value Construction 410

Housing Wire

JUNE 24, 2024

And a state property tax relief program recently raised its maximum income threshold to allow more Puget Sound-area seniors to qualify. The local chapter of the influential senior lobbying organization worked to expand the property tax exemption and ”has encouraged tens of thousands of its members to apply,” the Times reported.

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Renovations Property Taxes Supply Chain Law 374

Housing Wire

JANUARY 6, 2023

This can cause problems for servicers in instances where loans are acquired with unknown, pre-existing property tax delinquencies missed in the due diligence phase. Step 1 – The full population from the portfolio transfer was run through CoreLogic’s databases to check the property tax status.

Property Taxes 445

Property Taxes Clients Buyers Government 445

Eyes on Housing

JUNE 29, 2023

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $174 billion in taxes were paid by property owners in the first quarter of 2023 (not seasonally adjusted).[1] 1] In the four quarters ending Q1 2023, state and local governments collected $714 billion of property tax revenue.

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Property Taxes Home Value Government Real Estate 158

Housing Wire

SEPTEMBER 10, 2024

About half (49%) worry about property tax increases, while 42% are concerned about rising utility costs.” As evidenced in a state like Louisiana , property tax hikes also appear to be pushing more older homeowners to consider a product like a reverse mortgage.

Property Taxes 482

Property Taxes Inventory Real Estate Mortgage 482

Eyes on Housing

DECEMBER 15, 2022

Real estate taxes vary widely across states both in terms of annual taxes paid as well as effective tax rates. In 2021, the difference between average real estate taxes (RETs) paid by New Jersey and Alabama home owners was $8,336.

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Property Taxes Real Estate Government 35

Riverfront Appraisals

MAY 4, 2024

Homeowners all across Southwestern Indiana and Western Kentucky where we appraise have recently been the unfortunate recipients of a reassessment letter from the local PVA or Tax Assessor. While taxes are part of living in this great Nation (remember what Ben Franklin said?), We’ve Got You Covered!

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Property Taxes Appraisal Appraisal Process Real Estate 131

Housing Wire

FEBRUARY 1, 2023

When facing a challenging and uncertain market, servicers will naturally seek a tax vendor they can trust. CoreLogic has led the residential property tax industry for years. Inaccurate property tax payments lead to refunds, penalties, and a diminished homeowner experience.

Property Taxes 377

Property Taxes Tools Lending Clients 377

Eyes on Housing

SEPTEMBER 29, 2023

NAHB analysis of the Census Bureau’s quarterly state and local tax data shows that $132 billion in taxes were paid by property owners in the second quarter of 2023 (not seasonally adjusted).[1] 1] In the four quarters ending Q2 2023, state and local governments collected $727 billion of property tax revenue—a 7.4%

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Property Taxes Government Finance 142

Appraisal Buzz

OCTOBER 22, 2024

Among this group, 51% said it because they did not want to be responsible for maintenance or repair costs, while 44% felt it was more affordable, while 37% said they didn’t want to be responsible for property taxes. Meanwhile, 44% preferred renting due to affordability, and 37% cited not needing to pay property taxes.

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Property Taxes Landlords Home Value Marketing 420

Housing Wire

MAY 1, 2023

With a residential PACE loan, renovations are financed and are then paid back by the borrower as property tax payments to their local government, resulting in higher property tax payments for borrowers. “We are proposing new rules that would require sensible safeguards on these clean energy loans.”

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Property Taxes Renovations Finance Lending 380