Stories Tagged as
Real estate taxes
Declining property tax collection may hit city budgets
by
Matt Levin
Nov 15, 2022
Seattle recently had to redraw its budget after forecasting a $27 million drop in revenue from one real estate tax.
State tax revenue takes a hit from SALT cap
by
Andy Uhler
Feb 5, 2019
The 2017 tax reform law put a cap on how much state and local taxes Americans can deduct on their federal tax returns. Now states are beginning to feel the pinch of reduced tax revenue because many people are moving away from high-tax jurisdictions. The situation is so bad in the northeast where tax rates […]