May 15, 2024
Property

More bad news on property taxes, and it isn’t the last — Mark Glennon

Illinois’ 2023 effective property tax rate – taxes paid as a share of median home value – is 1.88%, highest in the nation and up from 1.78% the prior year. Vertigo3d/Getty Images Mark Glennon Syndicated If only somebody had good news about property taxes, which have long been a hot button issue in Illinois. But

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Finance

Powerball lottery drawing delayed

DES MOINES, Iowa (AP) — The Powerball lottery drawing scheduled for Saturday night has been delayed to complete procedures required before the numbers are announced, the game’s organizers said. The drawing for the game, including an estimated $1.3 billion jackpot, was delayed to enable one of the organizers to complete required procedures before the scheduled

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Property

Property taxes ‘regressive form of taxation’

Iowa’s state auditor says property taxes are a regressive tax in Iowa. Rob Sand’s new report Tuesday says lower-income Iowans are paying more in property tax than wealthier Iowans. Sand says his office looked at the state’s 4,100 property tax districts and their property tax rates.He then compared them to census-level data of median income

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Loans

America’s negative equity hotspots exposed: Fascinating study reveals where homeowners are most at risk of going underwater on their loans

Nearly half of American states are becoming negative equity hotspots with as many as one in 20 homeowners going ‘underwater’ on their mortgages, a new study suggests. Overall US households saw their equity increase by $1.1 trillion in the third quarter of 2023 compared to the same period in 2022, reversing a trend seen at

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