RealEstateRama Laws & Taxes
New Hanover County property owners will receive their tax bills in the mail in the coming days. Property taxes are due on September 1, but can be paid without interest until January 5, 2017
This week, President Obama signed into law a provision authored by Congressman David E. Price (NC-04) and sponsored by Congressman Robert Aderholt (AL-04) that modernizes the outdated formula used to distribute funds for the Housing Opportunities for Persons With AIDS (HOPWA) program.
Although property taxes are due on September 1 each year, they can be paid without interest until January 6, 2016. To further assist and encourage penalty-free payments, all property tax bills will include four payment coupons. The coupons will reflect the total amount owed, divided into four equal payments. The coupons indicate a monthly due date September through December
Kannapolis City Manager Mike Legg presented the proposed Fiscal Year 2016 budget to the Kannapolis City Council Wednesday evening. The proposed FY 2016 Total Budget is $59,539,383. The budget calls for a three cent increase in the property tax rate to cover the cost of acquiring downtown properties, investments in economic development and job creation, implementing a strategic plan for revitalizing the downtown, paying for the new City Hall and Police Headquarters, and establishing the Department of General Services
Reflecting on how years of strategic planning and fiscally responsible actions created a tipping point for this year’s budget, City Manager Thomas Bonfield presented the FY 2015-2016 preliminary budget earlier this evening – which includes no property tax increase – keeping the current tax rate at 59.12 cents per $100 of assessed property value.
“I am pleased to sign Senate Bill 372 to bring new renewable energy projects online in North Carolina,” said Governor McCrory. “Renewable energy is an important part of an all-of-the-above energy policy that produces clean power, creates jobs and generates revenue in communities that need it most.”
After economists gathered earlier this week to discuss the important role of tax credits for working families in supporting an inclusive economy, the Budget & Tax Center released a report today detailing the reach of the state Earned Income Tax Credit (EITC).
The department alleged that the scheme defrauded homeowners, financial institutions and others with a legal interest in selected foreclosure properties, for the unlawful purpose of obtaining money and property through fraudulent pretenses, representations or promises.
Claims notices in the mail to victims of wrongful foreclosures.
Proposal fails to rollback harmful cuts and lacks plan for broadly shared prosperity, new report finds.
WASHINGTON, D.C. - September 30, 2013 - (RealEstateRama) -- U.S. Representative Mike McIntyre announced today $9,330,613 in federal funds to make improvements to six different multi-family housing units in Bladen County.
Washington, D.C. - January 08, 2012 - (RealEstateRama) -- Congresswoman Virginia Foxx, R-NC, today issued the following statement regarding her vote against H.R. 41, legislation that would increase federal deficit spending by granting additional borrowing authority to the government-run flood insurance program
FORMER NORTH CAROLINA BUILDER ARRESTED AND CHARGED WITH TAX OBSTRUCTION AND CONVERSION OF GOVERNMENT...
WASHINGTON, DC - July 25, 2012 - (RealEstateRama) -- William B. Clayton, a residential builder formerly of Corolla, N.C., was arrested yesterday on charges of obstructing the tax laws and converting government property, the Justice Department and Internal Revenue Service (IRS) announced. Clayton had his initial appearance today before U.S. Magistrate Judge William A. Webb in the Eastern District of North Carolina
Washington, D.C. - November 16, 2011 - (RealEstateRama) -- U.S. Congressman Mike McIntyre announced today that he has helped restore recently reduced home loan limits for the Federal Housing Administration.
July 6, 2011 - (RealEstateRama) -- Federal tax credits and other financing awarded last week to build affordable apartments is expected to support 6,900 jobs statewide. More than $300 million in development will result from the federal tax credits, bonds, and loans approved by the Tax Reform Allocation Committee and the North Carolina Housing Finance Agency.