Property taxes
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No income tax, but not tax-free: What Texas retirees pay
Yahoo Finance· 2026-01-31 17:04
Core Insights - Property taxes and sales taxes can negate the benefits of no state income tax, particularly impacting retirees on fixed incomes or those planning to age in place [1] Group 1 - The financial implications of property and sales taxes are significant for individuals, especially retirees [1] - Retirees may find that the absence of a state income tax does not provide sufficient financial relief when faced with high property and sales taxes [1] - The analysis suggests that careful consideration of overall tax burdens is essential for retirees planning their financial futures [1]
Ron DeSantis rips property taxes as ‘rent to government,’ says US homeowners are treated like ATMs. What you can do
Yahoo Finance· 2025-11-21 11:37
Core Viewpoint - Florida Governor Ron DeSantis is advocating for the elimination of property taxes on homestead properties, arguing that homeowners should not be treated as a continuous source of revenue for local governments [4][5]. Group 1: Property Tax Increases - Property tax bills in Florida have been rising significantly, with Jacksonville seeing a 59.6% increase to a median monthly tax of $228 from 2019 to 2024, Tampa's increasing by 56.7% to $250, and Miami's climbing 48.1% to $367 [3]. - The state is home to three of the five major U.S. metros with the highest property tax increases since 2019 [3]. Group 2: Government Revenue Dependency - Property taxes are crucial for local government funding, accounting for 18% of county revenue, 17% of municipal revenue, and between 50% and 60% of school district revenue in Florida [6]. - These taxes support essential community services, including police and fire protection, education, and safety net programs [6]. Group 3: Proposed Changes - DeSantis plans to propose a constitutional amendment to eliminate property taxes on homestead properties, which will be presented to voters in November 2026, requiring 60% approval to pass [5].
What to know about New Jersey's race for governor
NBC News· 2025-11-04 21:48
Election Overview - A Democrat winning the governor's mansion for three consecutive terms would be a first in six decades [1] - Key issues in the election mirror national concerns, including the economy and property taxes [2] - The race is considered one of the closest in the country [4] Campaign Strategies - Cheryl's campaign is focusing on tying Chidarelli to President Trump, whose approval ratings have dipped, especially on the economy [3][4] - Chidarelli received support from President Trump via a teletown hall [4] - Cheryl's campaign reported a 300,000 vote margin in early votes and vote-by-mail numbers [5] Voter Behavior - President Trump made serious gains in Somerset County in November, though it remains a Democratic area [2] - Republicans tend to vote in person more than Democrats [5]