Governments, and even some private businesses, have worked to ease the burden on people who are struggling financially due to the COVID-19 pandemic. For people who are concerned about losing their home after being laid off or seeing their business revenue plummet, programs have been established to offer rent and mortgage relief. While many affected parties will certainly welcome this news, homeowners might also be concerned about property tax payments that are coming due.
Property taxes are collected under the control of state, county, and municipal governments and taxing authorities, so Congress and the President cannot enact measures covering the whole country. Accordingly, different jurisdictions are evaluating a variety of responses, such as:
Whether you currently own a home or are concerned about the prospective property taxes at a residence that you are considering for purchase, a dedicated real estate attorney can explain the overall situation and the latest changes prompted by the COVID-19 crisis.
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