A recent decision by the Appeals Court of Massachusetts* about the entitlement of two nonprofit corporations which rent apartments at below- market rates to low-income elderly individuals and individuals with disabilities...more
5/24/2023
/ Ad Valorem Tax ,
Charitable Organizations ,
Connecticut ,
Elder Issues ,
Low Income Housing ,
Low-Income Issues ,
Property Owners ,
Property Tax ,
Property Valuation ,
Tax Assessment ,
Tax Exempt Entities ,
Tax Exemptions
Tidbit on NNN lease property valuation -
A sort of a humdrum ruling on the assessment appeal of a garden variety industrial building nevertheless offers a valuable insight as to proper use of the income valuation...more
6/7/2019
/ Ad Valorem Tax ,
Apartments ,
Appraisal ,
Condemnation ,
County Assessors ,
CT Supreme Court ,
Fair Market Value ,
Hospitality Industry ,
Housing Market ,
Inverse Condemnation ,
Property Owners ,
Property Tax ,
Property Valuation ,
Tax Appeals ,
Tax Assessment ,
Tax Court ,
Tax Revenues
In an ad valorem appeal of the value of an office/retail building and its associated parking lot in Springfield, the Massachusetts Appellate Tax Board (ATB) addressed the property owner’s contention that a proposal to...more
3/15/2019
/ Ad Valorem Tax ,
Discrimination ,
NY Supreme Court ,
Physical Presence Test ,
Property Tax ,
Property Valuation ,
Real Estate Market ,
Sales Tax ,
South Dakota v. Wayfair ,
Tax Appeals ,
Tax Assessment
U.S. Supreme Court Internet Sales Tax Decision and Property Values -
Your editors do not need to belabor the point that brick and mortar retail occupancies, rents and values have been pounded as a result of internet...more
10/26/2018
/ Ad Valorem Tax ,
Appraisal ,
Brick-and-Mortar Stores ,
E-Commerce ,
Fair Market Value ,
Graffiti ,
Internet Retailers ,
Land Parcels ,
Property Tax ,
Real Estate Market ,
Sales Tax ,
South Dakota v. Wayfair ,
Tax Assessment ,
Vacant Properties ,
Visual Artists Rights Act (VARA)
Momentous LIHTC Decision Does Not Materialize -
In the Winter 2017 issue of Property Tax and Valuation Topics, we projected that the Connecticut Supreme Court’s anticipated ruling in Nutmeg Housing Development...more
"Celebrity" Value?
In 2004, in the quaint Fenwick borough of Old Saybrook, a developer purchased the beachfront summer home of the late actress Katharine Hepburn. The discovery of a discontinued road, which ran over...more
The hundreds of billions of dollars of commercial real estate owned by foreign companies and individuals in the United States requires active management and oversight. This is so whether the property is triple net leased to...more
Thorny Exemption Issue Discussed -
Limited Liability Company X owns property in the Town of Windham which it leases to Corporation Y. Both entities are tax exempt under the Internal Revenue Code. Both entities...more