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Property Tax › Real Estate Development

Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending... more +
Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending on the country or jurisdiction.  However, a popular system involves a government assessment of the value of a property and a rate based on a proportion of the assessed value. A property may be subject to taxation by multiple taxing entities.  less -
Cozen O'Connor

Cozen Cities - August 14, 2024

Cozen O'Connor on

Gig Economy & Technology NEW YORK — City Deploys Drones for Major Storm Warnings- New York City emergency management officials have deployed five teams with multiple drones to warn residents in basement or ground-floor...more

Goulston & Storrs PC

D.C. FY25 Budget Expands CRE Revitalization Initiatives

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The end of June saw the D.C. Council pass the Fiscal Year 2025 Budget Support Act of 2024 and the Fiscal Year 2025 Local Budget Act of 2024. The 2025 budget includes the “Central Washington Activation Conversion Program...more

Farrell Fritz, P.C.

Tax Incentives Aim to Drive Real Estate Development Forward

Farrell Fritz, P.C. on

It has long been an accepted reality that very little real estate development gets done in New York State without the help of a myriad of tax incentive packages handed out by state and local governments—and the entities that...more

Holland & Knight LLP

District of Columbia Releases Regulations for the Housing in Downtown Tax Abatement

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The Office of the Deputy Mayor for Planning and Economic Development (DMPED) for the District of Columbia issued regulations effectuating the Housing in Downtown Tax Abatement (Abatement) on March 22, 2024. The regulations...more

Allen Matkins

Sustainable Development and Land Use Update 3.19.24

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The Los Angeles Superior Court issued a highly anticipated ruling on March 4, 2024, addressing a Builder’s Remedy project denial by the City of La Cañada Flintridge. The decision confirms (i) that a local jurisdiction cannot...more

K&L Gates LLP

New Illinois Laws for 2024 Affecting Real Estate

K&L Gates LLP on

Illinois has passed a number of laws effective 1 January 2024 that impact commercial real estate and development. These new laws range from new requirements for residential landlords, first of its kind electric vehicle...more

Holland & Knight LLP

Florida's Live Local Act Tax Exemption Deadline Looms

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Florida's 2023 Live Local Act provides significant land use, zoning and tax benefits. (See Holland & Knight's previous alerts, "Florida's New Live Local Act Offers Land Use and Tax Benefits," Aug. 8, 2023, and "Florida's Live...more

Akerman LLP

D.C. Government Publishes Proposed Rules on Tax Abatements for Residential Conversions

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Washington D.C.’s Office of the Deputy Mayor for Planning and Economic Development (DMPED) released its proposed rules establishing how the D.C. government will implement the Housing in Downtown Tax Abatement program. A...more

Cozen O'Connor

Cozen Cities - February 14, 2024

Cozen O'Connor on

BOSTON — City Leading AI Industry- Boston-area companies are leading in the development of new artificial intelligence (AI) and managing data for AI use. A new report estimates that Boston’s expertise in tech and health...more

Brownstein Hyatt Farber Schreck

Colorado Supreme Court Ruling Alters Landscape for Urban Renewal

Brownstein Hyatt Farber Schreck on

Late last month, the Colorado Supreme Court dealt a blow to the ability of urban renewal authorities in Colorado to collect revenues generated by the adoption of an urban renewal plan. In Kaiser v. Aurora Urban Renewal...more

Bilzin Sumberg

Live Local Act Glitch Bill

Bilzin Sumberg on

As expected, within days of the opening day of the 2024 Legislative Session came two proposed “clarification glitch” bills containing several proposed amendments to the Live Local Act.  Senate Bill 328, sponsored by Senator...more

Allen Matkins

Sustainable Development and Land Use Update 1.05.24

Allen Matkins on

We previously published a legal alert on October 12, 2023, about the extensive housing package that Governor Gavin Newsom signed on October 11, 2023, consisting of 56 bills to help address California’s decades-in-the-making...more

Stikeman Elliott LLP

Real Estate 2024 Canada

Stikeman Elliott LLP on

Real Estate Law- 1.1 Please briefly describe the main laws that govern real estate in your jurisdiction. Laws relating to leases of business premises should be listed in response to question 10.1. Those relating to...more

Cozen O'Connor

Cozen Cities - January 3, 2024

Cozen O'Connor on

BALTIMORE — Mayor Scott, BDE Introduce Free Public Wi-Fi Network - In December, Mayor Brandon Scott and the City’s Office of Broadband and Digital Equity (BDE) launched FreeBmoreWiFi, a citywide free public Wi-Fi network....more

Ballard Spahr LLP

New Inclusionary Housing Mandates for Baltimore City

Ballard Spahr LLP on

Summary - The Baltimore City Council has passed a new inclusionary housing law which will require most new multifamily, market-rate projects to make at least 10% of their units available to households with limited incomes,...more

International Lawyers Network

Buying and Selling Real Estate in Brazil (Updated)

International Lawyers Network on

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER BRAZILIAN LAW - 1. OVERVIEW OF BRAZILIAN HISTORY - Brazil is a federative republic and the largest country in both South and Latin America. It is also the world's...more

Cozen O'Connor

Cozen Cities - November 30, 2023

Cozen O'Connor on

Gig Economy & Technology- DETROIT — Electric Delivery Startup BrightDrop Becomes Part of GM- BrightDrop, a General Motors (GM) commercial electric vehicle startup formed in 2021, will no longer operate as a subsidiary and...more

Akerman LLP

NYC Department of Finance Accepting FY 2024-2025 ICIP and ICAP Renewals Until January 5, 2024

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The New York City Department of Finance requires that properties receiving benefits under the Industrial Commercial Incentive Program (ICIP) file a Certificate of Continuing Use (CCU) to renew the real estate benefits for the...more

Holland & Knight LLP

Florida's Live Local Act and Important Tax Exemption Deadlines

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Florida Senate Bill 102, commonly referred to as the Live Local Act (the Act), provides that certain developments will be eligible for a 75 percent or 100 percent ad valorem tax exemption (also known as the "Missing Middle"...more

Holland & Knight LLP

Florida's New Live Local Act Offers Land Use and Tax Benefits

Holland & Knight LLP on

Florida Gov. Ron DeSantis signed into law Senate Bill 102 on March 28, 2023, with an effective date of July 1, 2023. Commonly referred to as the Live Local Act (the Act), it has significant land use, zoning and tax benefits...more

Burr & Forman

ATI Exemption for South Carolina Multi-Family Purchasers

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South Carolina law provides for a property tax exemption in the year following a sale (the “ATI Exemption”) which should be contemplated in due diligence, property tax planning and a key post-closing task for multi-family...more

Bilzin Sumberg

New Florida Law to Turbocharge Affordable Housing Development

Bilzin Sumberg on

Governor Ron DeSantis signed into law Senate Bill 102 (“Live Local Act” or the “Act”) on March 28, 2023. The majority of the Live Local Act will go into effect on July 1, 2023, with certain provisions pertaining to tax...more

International Lawyers Network

Buying and Selling Real Estate in Brazil (Updated)

International Lawyers Network on

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER BRAZILIAN LAW - 1. OVERVIEW OF BRAZILIAN HISTORY - Brazil is a federative republic and the largest country in both South and Latin America. It is also the world's...more

Barnea Jaffa Lande & Co.

Year in Review – Trends in Real Estate Law in Israel

Barnea Jaffa Lande & Co. on

At the beginning of 2022, everyone had great expectations about the Israeli real estate market. Would the record-breaking price increases in 2021 persist, or would the real estate market cool down a bit?...more

Akerman LLP

Vesting under 421-a Is Just the Beginning

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As many in the New York Real Estate community are aware, Section 421-a (16) of the New York Real Property Tax law (“421-a”), was not re-enacted by the State Legislature.  Projects that were eligible for a tax exemption under...more

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