Seattle recently had to redraw its budget after forecasting a $27 million drop in revenue from one real estate tax.
A place like Columbus, Ohio, relies on income tax for 75% of its revenue.
Long lines form at tax offices as homeowners try to hack the tax reform bill.
The GOP tax bill as written gets rid of deductions for state and local income taxes and would cap state and local property tax deductions at $10,000. It would also limit the mortgage interest deduction by capping it at $500,000 for future home purchases. These provisions will have a bigger impact in some parts of […]