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Another Japanese property developer bites the dust (AFP via Yahoo! Malaysia News) The global credit crunch claimed another victim in Japan's crumbling real estate sector as property developer Sebon Corp. collapsed with debts of 62.1 billion yen (565 million dollars). Nevada property tax challenged by teachers union (AP via Yahoo! Finance) A major teachers' union has filed a legal challenge of a decision by Nevada's secretary of state to allow a Nevada version of California's Proposition 13 property tax cap on the November ballot. Another Japanese property developer bites the dust (TODAYonline) Tokyo's Bay area. The global credit crunch claimed another victim in Japan's crumbling real estate sector as property developer Sebon Corp. collapsed with debts of 62.1 billion yen (565 million dollars). Judge moves Carle property-tax lawsuit to Champaign (The Champaign News-Gazette) URBANA ? Carle Foundation Hospital will have to make a case for the return of its property-tax exemption in its own hometown. A Cook County judge has granted the motion of Champaign County and Cunningham Township officials to transfer a lawsuit filed by the Carle Foundation from Cook County to Champaign County. Liberty Intl Shares Jump After Simon Property Lifts Stake (Fox News) Liberty Intl Shares Jump After Simon Property Lifts Stake Property owners appear to win waterfront fight in Newport (Newport Daily News) Three property owners along the former Washington Street Extension apparently are the victors in a lawsuit they filed against Newport officials and the city to obtain ownership and clear title to waterfront land in front of their homes that once was a city street. Austin Voters To Decide To Increase School Property Taxes (CBS 42 Austin) Austin voters will be going to the polls this November to decide if they want to increase their school property taxes. Board wants quicker compliance in cleaning up residential property (The Buffalo News) FREDONIA -- The Fredonia Village Board agreed Monday a quicker way to clean up residential property code violations should be enacted as soon as possible. Property prices to drop 10%, rise over next 5 year (SABC News) There's good and bad news for property owners. Property economist Erwin Rode expects a worst case scenario of a 10% drop in prices compared with the values fetched in December last year before the market stabilises, and then start rising again over the next five years. Property values may up COM tax revenue (Galveston County Daily News) TEXAS CITY ? Even with a lower tax rate, property value increases will bring more money to College of the Mainland. |
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