The Michigan Supreme Court has a tough call to make involving property tax foreclosures and the amount of money the government can legally “take'' from you. According to the Michigan Department of Treasury, Michigan counties can foreclose on homes after property taxes are delinquent for three years. This means that if you are a property owner and are behind on your property tax payments, you can be at risk of having your property foreclosed and a lawful taking, or an attorney, Christina Martin calls it: “government-sanctioned theft.”
Read MoreProperty tax liabilities have been a trending topic for many years, but lately, BPP has taken an incline. If you’re unfamiliar with “BPP”, or Business Personal Property, it is a tax on the value of a business’s inventory and equipment. With the recent property tax liability reform of SB2 and HB3, questions arise of whether or not Texas will jump on board to make changes to BPP tax liabilities?
Read MoreThis just in: According to a press release issued by The Texas Oil & Gas Association, the Texas Oil and Natural Gas Industry set a new record just by paying their state and local taxes and state royalties last year!
Read MoreProperty value appraisals in Texas just got a little more complex, at least in Travis county that is. A new process at Travis Central Appraisal District (TCAD) has been adopted which first resulted in cutting off all in-person communications between property owners and staff appraisers.
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