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Property taxes represent a major source of revenue for states and the largest source of tax revenue for localities. In fiscal year 2017, the most recent data available, property taxes were such a significant source of local revenue that they accounted for 72.1 percent of local tax collections nationwide and 31.9 percent of total U.S.
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NEW YORK, UNITED STATES – 2020/05/17: US Senator Chuck Schumer reveals huge increase in coronavirus health and treatment scams while displaying copy of Federal Trade Commission (FTC) letter to one of the scammers at 780 3rd Avenue. Senator Schumer demanded to levy heavy fines on those reckless companies. (Photo by Lev Radin/Pacific Press/LightRocket via Getty
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A member of a ground crew walks past American Airlines planes parked at the gate during the coronavirus disease (COVID-19) outbreak at Ronald Reagan National Airport in Washington, April 5, 2020. Joshua Roberts | Reuters American Airlines has started alerting travelers about crowded planes before their trips and allowing them to switch to other flights in
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A major market shift is forming as the economy begins to reopen: Value stocks are gaining popularity over growth names, including technology. But according to Oppenheimer Asset Management’s John Stoltzfus, that doesn’t mean the winners will automatically become losers. The market bull sees technology as a vital part of the economic fight to function amid
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CNBC’s Jim Cramer said Wednesday that he thought some stocks were rallying too far too quickly given the high level of unemployment in the United States as the economy tries to pull out of the coronavirus slowdown.  “It’s too ‘happy days are here again,'” Cramer said on “Squawk on the Street.” “It’s just not going
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A House bill with bipartisan support would allow 2020 college graduates to postpone their student loan payments for three years without interest accruing.  Meanwhile, Sen. Mitt Romney, R-Utah, has introduced legislation in the Senate that would do the same.  “Students graduating from college this year are suddenly facing significant hurdles entering the workforce,” Romney said
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For the second time in 12 years, the U.S. economy and financial markets are facing an unexpected crisis of uncertain proportions. While the 2008 financial crisis and the current coronavirus pandemic are very different in character, both have produced extraordinary volatility in financial markets. Both downturns have also presented major challenges for financial advisors as they
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A realtor, at right, shows prospective buyers a property in Newport Beach, California. Jamie Rector | Bloomberg | Getty Images It’s not as if the coronavirus pandemic has gone away, but after a sharp pullback, homebuyers are now piling back into the housing market much faster than expected. Mortgage applications to purchase a home rose
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