Property Tax

Rogers Towers: Municipal Liens vs. Mortgages: Florida’s Supreme Court Rules on Superpriority Issue

by Douglas L. Waldorf, Jr. | Rogers Towers on 5/21/2013

In my April 18th post, I discussed the recent trend of municipalities enacting ordinances designed to give their code enforcement liens “superpriority” over prior-recorded mortgages. Basically, the municipalities have sought...more

Pitfalls in the Redemption of Property by Lenders

by Jack Kubiszyn, J. Keith Windle | Bradley Arant Boult Cummings LLP on 5/20/2013

In Alabama, when a property owner fails to pay his ad valorem property taxes, his property may be sold at a public auction to the highest bidder (the “tax purchaser”). Statutory law in Alabama provides that the owner of the...more

High Net Worth Family Tax Report, Vol. 8, No. 2 -- May 2013

by Loeb & Loeb LLP on 5/18/2013

President’s fiscal year 2014 budget contains numerous tax provisions - President Barack Obama released his proposed budget for the government’s fiscal year 2014 on April 10, 2013, and, not surprisingly, the budget...more

Wisconsin Court Confirms Computer-Controlled Medical Devices Are Exempt From Property Tax

by Theresa Andre, Eric Hatchell, Maureen McGinnity | Foley & Lardner LLP on 5/6/2013

In 2008, the Wisconsin Tax Appeals Commission ruled that the following categories of computerized medical equipment are exempt from property tax: - Ultrasound equipment - Magnetic resonance imaging (MRI)...more

New PARCA Report Examines State and Local Tax Burdens

by Bruce Ely, Christopher Grissom, Matthew Hinshaw, James Long, William Thistle | Bradley Arant Boult Cummings LLP on 5/6/2013

A new report by the Public Affairs Research Council of Alabama (PARCA), a well-respected nonprofit research organization headquartered at Samford University in Birmingham, shows that frequent statements during the 2012...more

Time For Superior Court Revaluation Appeals Is Running Out

by Pullman & Comley, LLC on 5/3/2013

Most boards of assessment appeals have mailed notices of their decisions, or are about to do so, to property owners who challenged their October 1, 2012 revaluation assessments this past winter....more

Sweeping Maine Tax Reform Proposal Announced

by Sarah Beard, Jonathan Block, Kris Eimicke | Pierce Atwood LLP on 5/3/2013

A bipartisan group of 11 legislators have proposed an overhaul of Maine’s tax system, including major changes to the individual and corporate income tax, property tax, sales tax, and estate tax. ...more

Investing in luxury properties in France: a counterflow strategy that could pay off

by Nadia Chatraoui, Stéphane Illouz | Reed Smith on 4/26/2013

Since the new taxation reform was passed earlier this year, a number of wealthy owners have moved out of France and put up their properties for sale. This resulted in an exceptional price fall of up to 15% for properties over...more

Overriding Interest - Spring 2013

by Steven D. Cox, Bonny Hedderly, Rupeena Purewal | K&L Gates LLP on 4/24/2013

In this issue: - The Green Deal - Impact on Commercial Real Estate - High Value Residential Property Tax - Announcements and Events - Transaction Profile - Focus on Henderson Global Investors...more

Condominium Sales Could Lead To Large Tax Bills

by Keir Wilmut | Heenan Blaikie LLP on 4/24/2013

If you sold a condominium in Canada’s booming housing market, don’t count your profit just yet – the Canada Revenue Agency could soon be knocking on your door with a large tax bill....more

Top Ten Tax Mistakes For Restaurant Owners

by David Gair | Looper Reed & McGraw, P.C. on 4/19/2013

If you are thinking about getting into the restaurant business there are a multitude of issues that you need to consider. One of the most important is taxes. By this I mean, doing the appropriate advanced planning and also...more

Adverse Possessor Of Religious Nonprofit’s Land Does Not Need To Pay Property Taxes To Obtain Title To Land

by Jon E. Goetz, Brett L. Price | Kronick, Moskovitz, Tiedemann & Girard on 4/17/2013

The law of adverse possession allows persons to obtain legal title to property by occupying the property for at least five years, and satisfying other requirements such as the payment of taxes on the property. In practice,...more

Government Relations And Lobbying Insight - 2013 Minnesota Legislative Session: A Summary Of What's Happened, A Preview Of What's...

by Amber Backhaus, Paul Cassidy | Leonard, Street and Deinard on 4/8/2013

The Minnesota Legislature reconvened this past Tuesday after a weeklong break. Committees have taken to task assembling omnibus bills to meet the third committee deadline of April 19. This deadline was set in January for...more

Lower Property Taxes for Data Centers

by Amol Jain | Berkeley Research Group, LLC on 4/1/2013

On March 13, 2013, Governor Robert McDonnell signed into law Virginia House Bill 1699, which amends Va. Code. Ann. §58.1-3506. This legislation permits Virginia localities to set a lower personal property tax rate on computer...more

Understanding the Basics of Philadelphia's New Actual Value Initiative

by George Kroculick, Michael J. McCalley | Duane Morris LLP on 3/28/2013

Originally published in The Legal Intelligencer on March 27, 2013. The city of Philadelphia's new property tax program is coming and your assessment is likely going up, but it is not all bad news. Still, commercial...more

Proceed with Caution when Considering the Acquisition of a Busted Deal

by Thompson Coburn LLP on 3/28/2013

Do not underestimate the importance of due diligence when evaluating the acquisition of a busted deal. In the world of land use and zoning, a busted deal is a planned real estate development that has failed, and the future of...more

Condo Alert: Assessment Appeal Deadline - April 1, 2013 - Don't Miss It!

by Jason Rivait | Heenan Blaikie LLP on 3/20/2013

Has your Corporation filed a request for reconsideration for the common amenity service unit(s) in your building (i.e. guest, superintendent, recreational units and other units owned by the Corporation that provide services...more

Update: After Rehearing, Court Of Appeal Upholds Its Previous Parcel Tax Ruling

by Constantine Baranoff, P. Addison Covert, Brett L. Price, Meghan Covert Russell | Kronick, Moskovitz, Tiedemann & Girard on 3/19/2013

The court of appeal recently upheld its previous ruling that a parcel tax approved by Alameda Unified School District (“District”) voters violates the Government Code’s restriction that special taxes apply “uniformly to all...more

Court of Appeal Upholds Invalidation of Parcel Tax That Differentially Taxes Commercial and Residential Property; Legislature...

by Meghan Covert Russell | Kronick, Moskovitz, Tiedemann & Girard on 3/19/2013

The court of appeal recently upheld its previous ruling that a parcel tax approved by Alameda Unified School District (“District”) voters violates the Government Code’s restriction that special taxes apply “uniformly to all...more

SCA 3 Proposes Constitutional Amendment To Lower Voter Approval Requirement For Parcel Taxes From Two-Thirds To 55 Percent For...

by Constantine Baranoff, P. Addison Covert, Brett L. Price, Meghan Covert Russell | Kronick, Moskovitz, Tiedemann & Girard on 3/19/2013

SCA 3 seeks to amend the California Constitution relating to taxation by amending Section 4 of Article XIIIA, adding Section 4.5 to Article XIIIA, amending Section 2 of Article XIIIC, and amending Section 3 of Article XIIID,...more

Are Charitable Deductions Dead?

by InKnowVision on 3/5/2013

In talking with a number of tax professionals, there seems to be a lack of consensus about how much the new law will actually reduce charitable deductions and other itemized deductions like those for state income tax, real...more

Property Tax Data Can Aid School Districts In Budgeting And Levying

by Ares Dalianis, Scott R. Metcalf | Franczek Radelet P.C. on 2/26/2013

There are a number of little known sources of data that can assist school districts in their financial planning and public relations efforts. This information is available from local officials and State agencies as well as...more

Does The January 1, 2013, Assessment Represent Your Property’s Fair Value?

by Marie-Pierre Gauthier, Pierre Huard | Heenan Blaikie LLP on 2/25/2013

Dans certaines municipalités, un nouveau rôle triennal pour les années 2013, 2014 et 2015 est entré en vigueur le 1er janvier 2013. Vous avez reçu un avis d’évaluation établissant la nouvelle valeur de votre immeuble. Si vous...more

Government Relations Report - Week 6 Wrap-up: Property Tax, Education Reform, Red Light Cameras, Water Issues and Home Rule

by Katherine Carlucci, Thomas Stanberry | Davis Brown Law Firm on 2/25/2013

We have now completed six weeks of the 2013 Session of Iowa’s 85th General Assembly. The end of week five marked the first milestone: the deadline for individual bill requests. After February 15th individual legislators...more

Commonwealth Court Opinion Contains Important Lessons for Property Owners

by Randy Varner | McNees Wallace & Nurick LLC on 2/22/2013

On January 23, a panel of the Commonwealth Court in Krohn v. Snyder County Board of Assessment Appeals, Nos. 116 and 117 C.D. 2012 (January 23, 2013), overturned an attempt by Snyder County to reassess a two acre tract of...more

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