States Act to Ease Property Tax Burden

Governments in several US states, including Kansas, Idaho, Oregon, and New Mexico, are enacting new property tax relief measures in response to rising property valuations and taxpayer concerns. Kansas cities such as El Dorado are considering a sales tax to offset property tax increases, relying heavily on revenue from non-residents. States like Idaho, Oregon, and New Mexico have introduced legislation offering tax exemptions, reductions, or deferrals, especially for seniors and veterans. In New Mexico, the veteran property tax exemption has increased and will now adjust for inflation, with outreach events planned to assist veterans. In the UK, some second home owners are using legal loopholes to avoid higher council taxes by listing properties for sale without genuine intent. Palm Beach County, Florida, will see a 14% sales tax reduction as its infrastructure surtax expires at the end of 2025.