News & Analysis as of

Property Tax › Tax Assessment › Tax Exemptions

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 -
Pullman & Comley - For What It May Be Worth

Recently Approved Property Tax Measures in Connecticut

Pullman & Comley - For What It May Be Worth on

During the 2024 regular session of the Connecticut General Assembly, seven bills were passed and signed into law that deal with a variety of property tax matters. Of these, the most significant is Public Act No. 24-151. This...more

Lowndes

Property Tax Exemptions for Senior Living Facilities: Application Deadline is March 1, 2024

Lowndes on

The 2024 exemption deadline is almost upon us! As with every year here in Florida, the property tax exemption application deadline falls on March 1. So it is again time for senior living facilities around the state to...more

Pullman & Comley - For What It May Be Worth

Low and Moderate Income Property Tax Valuation Remains Challenging

Pullman & Comley - For What It May Be Worth on

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

McNees Wallace & Nurick LLC

PA Commonwealth Court Flatlines Nonprofit Hospitals Exempt Status for Real Property Taxes

McNees Wallace & Nurick LLC on

On February 10, 2023, in a much-anticipated group of Opinions, the Pennsylvania Commonwealth Court (“Court”) held that four separate Tower Health hospitals (one in Montgomery County and three in Chester County) did not...more

Farrell Fritz, P.C.

Real Property Tax Alert

Farrell Fritz, P.C. on

Any commercial assessment increase not related to new construction must be phased in over the next 5 years at 20% per year. As we enter the 3rd year since the 2020/21 County-wide reassessment, a reminder, that if your...more

McNees Wallace & Nurick LLC

Commonwealth Court Grants 100% Exemption for Historic Building

McNees Wallace & Nurick LLC on

In In Re: Appeal of the Coatesville Area S.D., et al., Nos.1130 & 1161 C.D. 2018 (Pa. Commw. Ct. Aug. 19, 2022), the Commonwealth Court decided cross-appeals of a taxing school district and a property owner regarding the...more

Faegre Drinker Biddle & Reath LLP

Expecting Indiana Property Tax Exemptions? Be Sure to Timely File Your Applications

Faegre Drinker Biddle & Reath LLP on

Indiana taxpayers with property that is or may be exempt from real or personal property tax have up to and including April 1 to file an exemption application (the Form 136, with supporting attachments). Exemptions are not...more

Lowndes

Property-Tax Exemptions for Senior-Living Facilities: Application Deadline is March 1, 2022

Lowndes on

While these last two years have often caused individuals to forget the day or month we are in, one thing hasn’t changed: deadlines. It is again the time for senior living facilities around the state to evaluate whether the...more

Bricker Graydon LLP

Changes coming to Ohio’s real property tax exemption laws

Bricker Graydon LLP on

Beginning in 2022, Ohio will require owners of exempt real property to notify the county auditor if the property “ceases to qualify for exemption.” House Bill 110 - the most recent budget bill - included a provision that...more

Faegre Drinker Biddle & Reath LLP

Will COVID-19 Impact Your Eligibility for an Indiana Property Tax Exemption?

Faegre Drinker Biddle & Reath LLP on

Indiana property tax exemption applications must be filed on or before April 1, 2021. To grant an exemption, a county’s property tax assessment board of appeals will look at both the physical status and use of a property as...more

Burr & Forman

Rollback Taxes in South Carolina: Changes Effective January 1, 2021

Burr & Forman on

The start of a new year frequently includes new or updated statutes, and South Carolina is no exception. 2021 brings an update to South Carolina rollback tax laws, with potentially significant implications for real estate...more

Lowndes

Property-Tax Exemptions for Senior-Living Facilities: Application Deadline is March 1, 2021

Lowndes on

As we have turned the calendar to 2021, now is again the time for senior living facilities around the state to evaluate whether the facility is eligible for any property tax exemptions for 2021. Exemption applications are due...more

Manatt, Phelps & Phillips, LLP

Prop 19 to Significantly Restrict Family Transfer Exclusion From Property Tax Reassessment

Manatt, Phelps & Phillips, LLP on

On November 3, 2020, California voters approved Prop 19, which will make several changes to the state’s property tax laws. Among these changes are new restrictions on the applicability of the...more

Burr & Forman

SCDOR Issues New Guidance on South Carolina Tax Appeal Procedures

Burr & Forman on

The South Carolina Department of Revenue (“DOR”, “SCDOR”, the “Department”) recently issued SC Information Letter #20-22 in which it released a series of helpful “Information Guides” concerning updated and specific...more

Faegre Drinker Biddle & Reath LLP

Indiana Property Tax Legislation – 2020 Summary

Faegre Drinker Biddle & Reath LLP on

The 2020 “short” (non-budget) session of the Indiana General Assembly concluded in March. Following is a summary of two acts addressing various property tax matters that passed. The summary highlights assessment and...more

McDermott Will & Emery

(Regulatorische) Auswirkungen der Corona Krise auf Fondsimmobilien

McDermott Will & Emery on

Die Corona-Pandemie macht vor der Immobilienbranche nicht halt. Das offensichtlichste Beispiel sind die nun vielfach ausbleibenden Mietzahlungen, die Immobilieninvestoren vor Probleme stellen. Die (miet-)rechtlichen...more

Faegre Drinker Biddle & Reath LLP

Own a Tax-Exempt Property? Be Sure to Timely File Your Applications

Faegre Drinker Biddle & Reath LLP on

The annual exercise of filing real and personal property tax exemption applications is once again upon Indiana taxpayers, as the April 1 deadline for these applications draws near. If an application is required and not filed,...more

Farrell Fritz, P.C.

Real Property Tax Alert - September 2019

Farrell Fritz, P.C. on

Nassau County Class 4 Commercial Property – Disputed Assessment Fund (“DAF”) Program Continues with 2018/19 bills - All Class 4 commercial properties now fund potential property tax refunds by contributing to the DAF. The...more

Pullman & Comley, LLC

Property Tax and Valuation Topics - Summer 2019

Pullman & Comley, LLC on

Approximately 20% of Connecticut’s 169 municipalities usually conduct general revaluations every five years as required by law. Due to a quirk in the schedule, 2019 revaluations will be conducted by only 14 communities. While...more

Faegre Drinker Biddle & Reath LLP

Indiana Board of Tax Review Denies Real Property Tax Exemptions for Early Childhood Educational Facilities for Lack of Proper...

Faegre Drinker Biddle & Reath LLP on

Name: Rainbow Rascals Warsaw, LLC v. Kosciusko County Assessor - Date Issued: April 10, 2019 - Property Type: Childcare Facility - Assessment Year(s): 2015-2018...more

Blake, Cassels & Graydon LLP

What the New Speculation and Vacancy Tax Act Means for B.C. Real Estate

Blake, Cassels & Graydon LLP on

British Columbia’s Speculation and Vacancy Tax Act (Bill 45) (SVTA) recently received royal assent. As announced in the 2018 provincial budget, the SVTA introduces a tax on residential properties left vacant for six months or...more

Lowndes

Property Tax Exemptions for 2019

Lowndes on

Now is the time for senior living facilities around the state to evaluate whether the facility is eligible for any property tax exemptions for 2019. Exemption applications are due with the respective County Property Appraiser...more

Ruder Ware

The Wisconsin Homestead Exemption

Ruder Ware on

Farmers may have wondered how a neighbor or someone else filing bankruptcy can keep his or her house. The answer is exemptions. Exemptions are assets that can be kept from unsecured creditors. The Wisconsin Legislature...more

Burr & Forman

South Carolina Tax Litigation Update: First Quarter 2018

Burr & Forman on

There were several notable state tax opinions issued by the South Carolina Administrative Law Court, Court of Appeals, and Supreme Court in the 1st quarter of 2018. A number of tax cases are also pending before the Court of...more

Dickinson Wright

Michigan Property Tax and the EMPP Exemption

Dickinson Wright on

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

42 Results
 / 
View per page
Page: of 2
Next »

"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