News & Analysis as of

Property Tax › Tax Assessment › Appraisal

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 -
Amundsen Davis LLC

Assessors Allowed to Use “Anticipated” Vacancy in Making Assessments

Amundsen Davis LLC on

Developer beware! In Wisconsin, assessors may use an “anticipated” vacancy in making assessments. Veritas Village LLC, the owner of a property with 189 apartments in Madison, contested the city's assessment of its property at...more

Maynard Nexsen

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

Maynard Nexsen on

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

Faegre Drinker Biddle & Reath LLP

Marion County, Indiana, Set to Increase Many 2022 Property Tax Assessments 10% or More

Faegre Drinker Biddle & Reath LLP on

Taxpayers in Indianapolis and Marion County, Indiana, may be in for an unpleasant surprise when property tax bills are mailed out in the coming days. Based on assessment data available on the Marion County Assessor’s website,...more

Pullman & Comley - For What It May Be Worth

Impact of High Voltage Transmission Lines on Property Values

Pullman & Comley - For What It May Be Worth on

Because there are likely to be many more high voltage electric transmission lines (HVETL) constructed, it is important to focus on the impact these lines may have on commercial property values. The challenge is that the...more

Faegre Drinker Biddle & Reath LLP

Twelve Days of Property Tax Protections for Indiana Taxpayers – Day No. 4: Appraisals Not Required by Law to Win a Case

Faegre Drinker Biddle & Reath LLP on

Appraisals can be costly to prepare, in terms of dollars spent and time invested. Taxpayers would be at a disadvantage if they were compelled in every case to pay for appraisals to support claims of excessive assessments....more

Lowndes

2021 TRIM Notices: After the First Full Year of Covid-19

Lowndes on

This week, property appraisers from all 67 Florida counties will mail (or have mailed) Truth in Millage (TRIM) notices to property owners around the state, indicating the 2021 valuation for each property. If not already...more

BakerHostetler

[Podcast] The Latest in the World of Property Tax

BakerHostetler on

Listeners in the property tax world have been clamoring for an update. Here is the latest in property taxes: pandemic implications, dark stores, intangibles, and more. Dave Ebersole joins Matt Hunsaker in the virtual studio...more

Freeman Law

The Appeals Process for Property Tax Appraisals

Freeman Law on

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

Tucker Arensberg, P.C.

Commonwealth Court Decisions Allow Taxing Bodies Discretion In Determining Standards For Tax Assessment Appeals

Tucker Arensberg, P.C. on

Punxsutawney Area School District v. Broadwing Timber, LLC, 1209 C.D. 2018 (Pa. Commw. Ct., October 29, 2019) - Since the Pennsylvania Supreme Court’s recent decision in Valley Forge Towers Apartments N, LP v. Upper...more

Faegre Drinker Biddle & Reath LLP

Indiana Tax Court affirms assessment of vacant lot based on appraisal and testimony of the appraiser

Faegre Drinker Biddle & Reath LLP on

Name: Sheerin v. LaPorte County Assessor - Date Issued: December 11, 2019 - Property Type: Vacant lot - Assessment Year: 2015...more

Faegre Drinker Biddle & Reath LLP

Evidence of Construction Costs and Comparable Assessments Insufficient to Challenge Indiana Homeowner’s Property Tax Value

Faegre Drinker Biddle & Reath LLP on

In Guthrie v. Clark County Assessor (August 13, 2019), Taxpayer challenged the 2018 assessment of her home, pole barn and other improvements before the Indiana Board of Tax Review....more

Pullman & Comley, LLC

Property Tax and Valuation Topics - Spring 2019

Pullman & Comley, LLC on

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

Faegre Drinker Biddle & Reath LLP

Despite Market Value USPAP Appraisal and $0 Acquisition Price, Owner of Special Purpose Property Failed to Prove Assessment of...

Faegre Drinker Biddle & Reath LLP on

Name: Wigwam Holdings LLC v. Madison County Assessor - Date Issued: May 8, 2019 - Property Type: 220,000 SF building, including a natatorium, auditorium and 8,996 seat basketball facility...more

Miles & Stockbridge P.C.

Real Estate Alphabet Soup: A is for Acquisition

Miles & Stockbridge P.C. on

When I am asked what I do or what type of law I practice, my ten second “elevator speech” is to say that I primarily focus on every aspect of real estate law “from A to Z, from acquisition to zoning and everything in...more

UB Greensfelder LLP

Upcoming Deadline for Filing Real Property Tax Complaints

UB Greensfelder LLP on

Cuyahoga County and 18 other Ohio counties recently completed the state-mandated six-year reappraisal of all real property in those counties. In Cuyahoga County, across all property types, values rose overall by an average of...more

Burr & Forman

South Carolina Property Tax Case Highlights Valuation Issues

Burr & Forman on

A recent decision by the South Carolina Administrative Law Court (ALC) highlights many of the valuation issues that can arise when property is appraised by a county assessor. In Taylor v. Aiken County Assessor, S.C. Admin....more

Pullman & Comley, LLC

NEWSLETTER - Fall 2018 Property Tax and Valuation Digest

Pullman & Comley, LLC on

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

Faegre Drinker Biddle & Reath LLP

Indiana Board of Tax Review adopts appraiser’s cost approach with “minimally credible” adjustments in valuing restaurant

Faegre Drinker Biddle & Reath LLP on

Name: L&R Enterprises, LLC v. Hancock County Assessor - Date Issued: July 2, 2018 - Property Type: Restaurant (freestanding, approximately 5,500 sq. ft.)...more

Akerman LLP

Florida Homestead Exemption Audits Are Big Business

Akerman LLP on

Florida Property Appraisers, primarily in the populated coastal counties, are combing the nation for taxpayers availing themselves of any other resident related benefit in addition to their Florida Homestead Exemption. The...more

Tonkon Torp LLP

A Case Study on the Accuracy of Real Market Values on Tax Statements

Tonkon Torp LLP on

In my previous Ear to the Ground post, I discussed real market values and how they can become inaccurate on your tax statement. For this week's post, I wanted to offer a real-life example of how this discrepancy played out...more

Pullman & Comley, LLC

Property Tax & Valuation Topics - Winter 2017

Pullman & Comley, LLC on

On September 30, 2016, the Connecticut Supreme Court heard oral argument in Nutmeg Housing Development Corp. v. Colchester. On the face of it, the ad valorem valuation of a garden variety property in the suburbanizing Town...more

Benesch

Perspectives - August/September 2016

Benesch on

We’ve all heard about India’s rape crisis, but not everyone knows that it’s the result of the larger problem of gender inequality. According to UNICEF, India is the worst place to be born a girl. The birth of a baby girl is...more

Lowndes

ATTENTION PROPERTY OWNERS: Your Property Tax (TRIM) Notices for 2016 Have Been Mailed To You!

Lowndes on

August 23, 2016 By: S. Brendan Lynch Property Appraisers in Florida have now sent out Truth in Millage (TRIM) notices to all property owners, so these notices have either already been received or will be waiting in your...more

Faegre Drinker Biddle & Reath LLP

Indiana Tax Court Reverses Property Tax Ruling Based on Assessor’s “Trial by Ambush”

Faegre Drinker Biddle & Reath LLP on

Even in a small claims proceeding, the Indiana Board of Tax Review must “uphold the fundamental tenet of our judicial system that neither party be subjected to a trial by ambush.” In RJK Trust v. LaPorte County Assessor...more

Pullman & Comley, LLC

Property Valuation Topics: Winter 2015

Pullman & Comley, LLC on

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

25 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide