Residential Real Estate, Administrative Law, Tax Law

Court of Appeal Grants Petition for Rehearing in School District Parcel Tax Case

by Meghan Covert Russell | Kronick, Moskovitz, Tiedemann & Girard on 1/14/2013

The court of appeal in Borikas v. Alameda Unified School District (--- Cal.Rptr.3d ----, Cal.App. 1 Dist., December 6, 2012; re-hearing granted January 7, 2013) held that the school district did not have the authority to...more

Tax Law Blog: Buying a House in 2013? You Could Qualify for a Federal Tax Credit up to $2,000 a Year for the Life of Your...

by Courtney A. Strutt Todd | Davis Brown Law Firm on 1/8/2013

On Monday, Jan. 7, Governor Branstad and Lt. Gov. Reynolds announced a new program which allows eligible homeowners that purchase a home in 2013 to receive a dollar-for-dollar federal tax credit in an amount up to $2,000 per...more

Eighteen Counties Will Send Out Revaluation Notices in 2013

by Chad Essick, Keith Johnson | Poyner Spruill LLP on 1/8/2013

Counties in North Carolina are required to revalue real property every eight years; however, some counties chose to do so in shorter intervals. According to the North Carolina Department of Revenue, eighteen counties are set...more

Cook County property owners can cut property tax bills by filing a protest in 2013

by David Bass | Thompson Coburn LLP on 1/7/2013

Each year, the Cook County Assessor reassesses one-third of the nearly 1.8 million parcels in Cook County. For 2013, the 13 townships located in the north and northwest sections of Cook County will be reassessed starting in...more

Bill To Prevent Cottage Uncapping Signed Into Law

by Christopher J. Caldwell, Laura E. Radle | Varnum LLP on 1/4/2013

On December 27, 2012, HR-4753 was signed into law by Michigan Gov. Rick Snyder....more

UPDATE: Supreme Court Affirms Court Of Appeal’s Holding That The County Incorrectly Calculated The Fee It Charged Local...

by Jeffrey L. Massey, Brett L. Price | Kronick, Moskovitz, Tiedemann & Girard on 11/28/2012

The California Supreme Court recently found unlawful a county’s method of calculating administration fees for local governmental entities for the services the county performed under the Triple Flip and the VLF Swap tax...more

Developers take advantage of low income housing development tax credits, but recent Third Circuit decision stirs controversy

by Alexandra R. Tilghman | Thompson Coburn LLP on 11/15/2012

Developers of multi-family apartment complexes geared to low- to moderate-income tenants are increasingly taking advantage of federal low-income housing tax credits (LIHTC) and, where available, their state counterparts, to...more

New Jersey Property Owners Who Suffered Significant Damages as a Result of Hurricane Sandy May Be Entitled to Property Tax Relief

by Duane Morris LLP on 11/13/2012

Any property owners in New Jersey who have suffered substantial damages to their real property as a result of Hurricane Sandy should be entitled to tax relief pursuant to New Jersey law. Specifically, N.J.S.A. 54:4-35.1...more

Local Government Economic Development Property Tax Exemptions

by Carlton Fields on 11/8/2012

Over the last several years, county and city governments have looked anew at a more than 30-year-old provision in the Florida Constitution that permits using property tax exemptions as economic development tools. The Florida...more

Taxpayers Affected by Hurricane Sandy Could Be Penalized Under the “Repair Regulations”

by McDermott Will & Emery on 11/5/2012

Taxpayers who claim a casualty loss due to Hurricane Sandy could suffer a harsh penalty under the so-called casualty loss rule in Temporary Treasury Regulation § 1.263(a)-3T(i)(1)(iii), which provides that a taxpayer must...more

Miami-Dade County Joins Counties Across the US Suing Freddie Mac and Fannie Mae for Unpaid Transfer Taxes

by Rosa Eckstein Schechter on 11/2/2012

This week, Miami-Dade County sued Fannie Mae and Freddie Mac in the United States District Court for the Southern District of Florida in Case NO. 12-CV-23917, styled Ruvin v. Federal National Mortgage Ass'n et al. and Harvey...more

Property Taxes Impacting Ballot Access and FOIA Requests

by Franczek Radelet P.C. on 11/1/2012

Issues related to property taxes extend beyond levies, collections, assessment appeals and refunds. Two recent decisions, one from the Illinois Supreme Court and the other from the Illinois Appellate Court, examine the...more

Illinois Property Tax Appeals and Practice in Collar Counties

by William Seitz on 11/1/2012

On November 1, 2012, I was on panel discussion for the Illinois Institute of Continuing Legal Education seminar on Real Estate Taxation covering the topic "Tax Assessment Appeals & Practice in Cook County and Collar...more

What you need to know today about Municipal Improvement Districts (Presentation)

by Nexsen Pruet, PLLC on 10/22/2012

In This Presentation: Municipal Improvements Act; The Governing Body and MID; Authorized Improvements; Common Questions; Criteria for the MID; Common Questions; and Boundary Issues. Excerpt from Municipal...more

2012 Municipal Revaluations in Connecticut

by Pullman & Comley, LLC on 10/18/2012

A number of Connecticut municipalities (see list at the end of this alert) plan to conduct revaluations effective October 1, 2012. For those with real property located in one of the communities on the list, you should...more

Proposition 218’s Ban On Tax Increases Without Voter Approval Does Not Apply To Annexations

by Kronick, Moskovitz, Tiedemann & Girard on 10/17/2012

In Citizens Association of Sunset Beach v. Orange County Local Agency Formation Commission (--- Cal.Rptr.3d ----, Cal.App. 4 Dist., October 5, 2012), a California Court of Appeal considered whether Proposition 218’s ban on...more

PA School Districts Seek to Increase Property Taxes of Selected Businesses

by McNees Wallace & Nurick LLC on 9/21/2012

A new and growing trend in the field of property tax assessment continued this summer, as school districts in the eastern part of the state filed what could be a record number of appeals of selected property owners’ tax...more

Sutherland Salt Shaker - Vol. 3, No. 4 - September 2012

by Sutherland Asbill & Brennan LLP on 9/20/2012

In This Issue: - Oregon DOR Out of Luck on SOL - SALT PET OF THE MONTH - To Be or Not to Be ASP: South Carolina’s Treatment of Bundled Services - Administrative Convenience Justifies Inequality in Tax Forgiveness...more

The Changing Nature of IDOT Recordation Tax Collection in Maryland

by Sutherland Asbill & Brennan LLP on 8/28/2012

The Indemnity Deed of Trust (IDOT) structure has long been used in Maryland to defer Maryland recordation taxes, which would otherwise be due had a Borrower entered into a financing arrangement secured by a conventional deed...more

2012 Property Tax Assessment Notices Mailed This Month

by Akerman Senterfitt on 8/15/2012

The Florida County Property Appraiser Offices have started to mail the 2012 Property Tax Assessment Notices, commonly known as TRIM Notices. These Notices present the 2012 property assessments and are mailed for both real and...more

Real Estate Transfer Tax Rates

by K&L Gates LLP on 8/2/2012

This alert is intended to give an overview of the current real estate transfer tax rates and planned increases thereof in the various federal states of Germany. The information has been assembled with great care. However, no...more

Reed Smith Clients Win Precedent-Setting Illinois Residency Case

by Reed Smith on 7/19/2012

On July 16, 2012, the Appellate Court of Illinois, First District, issued a decision in favor of the taxpayers in Cain v. Hamer, 2012 Ill. App. (1st) 112833. Reed Smith’s state tax attorneys represented the taxpayers in Cain....more

Tax Changes in the Pennsylvania Budget

by Ballard Spahr LLP on 7/17/2012

The General Assembly recently enacted several laws that make various changes to Pennsylvania taxes. These changes present traps for the unwary as well as planning opportunities for businesses and individuals seeking to reduce...more

Will Proposed Amendment 4 to the Florida Constitution (On the November 2012 Ballot) Boost Florida's Economy? Independent Analysis...

by Rosa Eckstein Schechter on 7/16/2012

In November 2012, Florida will decide whether or not to amend the state constitution with proposed Amendment 4. As for what that might mean to individual Floridians as well as Florida business interests and those developing...more

Act Fast to Capture Benefit of Current Gift Tax Exemption

by Janet Brewer on 7/12/2012

Bay Area families that have yet to take advantage of the current gift tax exemption are running out of time. As of midnight on December 31, 2012, the $5 million exemption disappears and will be replaced by a $1 million...more

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Residential Real Estate › Administrative Law › Tax Law