property taxes

A new study from USC concludes that the benefits of California's Prop. 13, which froze property tax rates, are unequally distributed among generations of homebuyers.

Three Massachusetts towns are looking to kill a 3% property tax that has been funding open space purchases, historic restoration, and affordable housing construction.

As the economy dives and housing values plummet, revenue from property taxes is expected to fall over the next few years, making things tough for many cities.

Vallejo, CA declared bankruptcy last spring, felled by fiscal mismanagement and falling property taxes. Cities around the country are looking to Vallejo's example as they teeter near the edge.

Voters in suburban Minnesota will vote on whether to invest $10 million to preserve a closed golf course. Or they could save the $10 million and allow a developer to build houses. But many say it will be cheaper in the long term to buy now.