propertytax
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West Virginians could get some money back thanks to a new personal property tax credit approved earlier this year. However, people need to pay their taxes correctly to get this personal property tax credit from West Virginia. Personal Property Tax Credit From West Virginia: How To Claim ItEarlier this year, Governor Jim Justice signed this personal property tax credit into law that allows people to get refunds on taxes paid on personal property, including cars and motorcycles. This personal property tax credit from West Virginia is not available on real property like land. As noted above, peop...
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On Thursday, Nebraska lawmakers approved a massive $6.4 billion tax relief package. The bill includes several tax relief measures, but the main one is the increased property tax credits from Nebraska. Increased Property Tax Credits From NebraskaThe following year, the property tax credits from Nebraska will increase by the percentage growth in the total assessed value of the real properties in the state over the last year and by $75 million more. Thereafter, the credit amount will continue to rise by the percentage growth in the value of properties statewide. Additionally, LB243 removes the 5%...
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Some Iowans will get a new tax break going forward that was signed into law earlier this month. The Iowa new property tax break is aimed at seniors and veterans, who now have about six weeks left to apply for the exemption. Iowa’s New Property Tax Break: Who Will Get It?The bill establishes a homestead tax exemption for residents 65 years or older. It must be noted that the exemption is in addition to the homestead tax credit. However, unlike the current credit, the state won’t reimburse the cost of the exemption to local governments. Those 65 years or older (on or before January 1 of the asse...
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New Jersey started sending the ANCHOR Property Tax Relief rebate payments in late March. Most payments have already been issued, so those who are eligible but haven’t yet received their ANCHOR property tax rebate payment should get it by May 3. If you don’t get the payment by May 3, you need to contact the state Treasury Department. Schedule For Sending ANCHOR Property Tax Rebate PaymentMore than 1.7 million residents applied for the ANCHOR program, including 1.25 million homeowners and over 514,000 renters. In March last year, Gov. Phil Murphy announced the program during his 2023 budget addr...
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