News & Analysis as of September 21, 2024

Ad Valorem Tax

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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 -

North Carolina Property Owners - New Property Valuations are out. How do I contest my valuation?

Maynard Nexsen on 2/14/2024

Did you recently receive a real property revaluation notice? If you live in one of 21 counties across the state, the answer is yes! These counties revalued all of their commercial and residential property for ad valorem tax...more

Low and Moderate Income Property Tax Valuation Remains Challenging

Pullman & Comley - For What It May Be Worth on 5/24/2023

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

The Appeals Process for Property Tax Appraisals

Freeman Law on 11/24/2020

Property tax, or ad valorem tax, is a fact of life for people and businesses in Texas. As one of the few states in the United States without income tax, Texas counties rely on property tax as a source of revenue to pay for...more

Property Tax and Valuation Topics - Spring 2019

Pullman & Comley, LLC on 6/7/2019

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

Property Tax and Valuation Topics - Winter 2019

Pullman & Comley, LLC on 3/15/2019

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

NEWSLETTER - Fall 2018 Property Tax and Valuation Digest

Pullman & Comley, LLC on 10/26/2018

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

Michigan Property Tax and the EMPP Exemption

Dickinson Wright on 2/6/2018

2018 Deadline for Claiming Qualified Eligible Manufacturing Personal Property Exemption is February 20, 2018 - Qualified new and used personal property (as defined by MCL 211.9m and 211.9n) is exempt from ad valorem...more

Extension of Property Tax Discount in Miami-Dade and Potentially Other Counties

Bilzin Sumberg on 11/16/2017

On September 4, 2017, Governor Scott issued Executive Order 17-235 in response to anticipated severe damage across Florida due to Hurricane Irma. The Executive Order granted the Florida Department of Revenue authority to...more

Property Tax & Valuation Topics - Spring 2017

Pullman & Comley, LLC on 4/4/2017

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

Does filing a lawsuit challenging property taxes get you out of paying them while the suit is pending?

Shutts & Bowen LLP on 7/12/2016

With proposed property tax assessments being mailed next month (and final bills being mailed in November), it’s almost the time of year where property owners think about challenging their assessments. Taxpayers must remember...more

Deadlines for Pennsylvania Real Property Tax Appeals

Ballard Spahr LLP on 7/1/2015

In view of market conditions, now is a good time to review your company’s real estate portfolio to consider assessment appeals for tax year 2016. Deadlines for appeal in certain Pennsylvania counties follow:...more

A Précis On The American Property Tax System

Pullman & Comley, LLC on 2/25/2015

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

Property Valuation Topics: Winter 2015

Pullman & Comley, LLC on 2/11/2015

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

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