property tax

With almost a third of US mortgages upside-down, many move-up buyers are unable to sell their present homes and therefore cannot take advantage of the expanded tax credit. Despite a looming deadline, the real estate market is showing little sense of urgency, as sales continue to slump and loan applications are at their lowest level in a dozen years.

Detroit residents are protesting the amount of their property taxes for a viable reason. The taxman is charging homeowners exorbitant property taxes on homes that aren't worth the tax percentage being demanded. The same scenario is seen with underwater mortgages right now, people are trying to make money off of property that is no longer valuable.

Thinking of buying a new home? The federal government would like you to, and has passed a series of stimulus incentives to help you make the decision.

BANGKOK, Feb 23 (Reuters) - Thailand will not renew property tax breaks when they expire at the end of March as the economy is recovering, but it will maintain some subsidies aimed at helping poorer people, the finance minister said on Tuesday.

The Government has vowed to crackdown on excessive housing benefit payments in London, with Yvette Cooper the Work and Pensions today announcing plans to cap the practice of families renting out homes in London's most luxurious postcodes costing the taxpayer up to £2000 a week in housing benefit in some cases.