Property taxes

Trump in a social media post argued that the policy was costing the city by driving away wealthy people who would otherwise pay taxes there.

The suing homeowners said the city caused "mass confusion" with its identification of thousands of properties potentially subject to the tax on second homes.

New York City's new pied-à-terre tax is prompting financial advisors to help wealthy clients reassess their options, from residency status to estate plans.

The levy targets single-family homes worth $5 million or more and apartments worth $1 million or more.

Mayor Zohran Mamdani defended the rollout of a new tax on highly valued second homes in New York City, saying only property owners who receive a letter from city officials will be impacted by the levy.

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Frustrated real estate lawyers are pleading with New York City officials for more details on how a new tax on luxury second homes is going to work.

After decades of drawing in tens of thousands of new residents, Jersey City has suddenly found itself teetering on the financial brink.

The state's new tax on second homes is nicknamed for its most famous part-time resident, but the levy will also squeeze owners whose houses are far less grand.

The super wealthy are accustomed to finding ways to shrink their tax bills. But with New York City's new levy, many are learning they might just have to pony up.

The Supreme Court ruled in favor of a Michigan county that auctioned off a family's foreclosed home for $76,008 when the family owed less than $2,242 in taxes.

DuCharme, McMillen & Associates acquired Chicago-based Barron Corporate Tax Solutions, expanding the firm's property tax practice.

Local governments in Florida will face "greater credit pressure" if voters OK a plan to largely eliminate property taxes on over half of homes in the state.

A budget analyst estimated about 5,100 properties would have been eligible for the tax, generating between $9.2 million to $21.4 million in its first year.

Florida lawmakers approved a stripped-down version of a proposal from Gov. Ron DeSantis to slash property taxes, removing local school districts from the plan.

Governor Ron DeSantis floated a plan that could eventually eliminate property taxes for more than 90% of Florida residents who own their homes.

The so-called pied-à-terre tax is expected to take effect July 1 this year and would affect roughly 10,000 single family homes, coops and condominiums citywide.

The governor proposed to lift the exemption on homesteaded properties to $250,000, which would fully eliminate property taxes for 60% of Floridians.

The proposed tax would be levied at 1% of the purchase price and would be paid by the buyer.

For a small number of New Yorkers who own luxury second homes in the city, the prospect of seeing their property tax rates go up is still alive.