Why are real estate investment trusts paying millions in taxes?

Real estate investment trust (REIT) investors are paying billions of dollars in federal taxes each year, according to an analysis by The Associated Press that found more than $6.6 billion in tax liabilities to the federal government as of late 2016.The AP analysis found that REITs, which have been around since the 1970s, are responsible

Phoenix land values soar after Arizona Republic

Arizona is getting ready for another year of record-setting real estate values, thanks to a major land development project in the desert near the city of Phoenix.As of Tuesday, the city’s downtown business district stood at $4.1 billion, up more than 20 percent from a year ago.The new office and residential buildings, with a total

Why do some property investors seem to be losing faith in Sarasota?

The Sarasota County property survey company says it has discovered that some of the investors who bought homes in Sarasotas’ wealthy community are losing faith, after their property values plunged after the economic downturn hit.It is part of a broader survey of Sarasotans who have bought properties.The Sarasotan Institute of Government said it conducted the

How to calculate your property tax bill in Illinois

The Illinois legislature passed a bill that will make it more difficult for small businesses to file their taxes in Illinois.The measure, HB 1856, was introduced in the Illinois House on December 4th and was signed into law by Governor Bruce Rauner on December 5th.The bill has been praised by business owners as it would