News & Analysis as of September 22, 2024

Commercial Property Owners

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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 -

Annual Assessment Appeal Deadlines in Pennsylvania are Quickly Approaching

McNees Wallace & Nurick LLC on 7/7/2023

With large drops in common level ratios throughout Pennsylvania’s 67 counties from last year to this year, commercial or industrial property owners should be reviewing their assessed values for potential reductions for the...more

S.C. Court of Appeals Issues Taxpayer-Friendly Opinion That Could Provide Relief to Property Owners

Parker Poe Adams & Bernstein LLP on 8/28/2020

On Wednesday, the South Carolina Court of Appeals issued an opinion that could provide relief to owners of commercial and investment properties, many of whom are already experiencing turbulence in development and acquisition...more

Property Taxes: A Shopping Center May Not Always be a Shopping Center

Snell & Wilmer on 11/3/2015

In the world of real property taxes, Valuation + Classification = Assessed Valuation. Sounds simple, right? The County Assessor determines the first factor, valuation (subject to certain guidelines under applicable Arizona...more

Part 2: …But In the Fourth Department, Repeat Filings Are Not Required?

Bond Schoeneck & King PLLC on 5/15/2015

In Part 1 of this discussion, we highlighted the Appellate Division, Third Department’s holdings on RPTL’s “freeze” provision in the Highbridge Broadway, LLC v City of Schenectady and Scellen v City of Glens Falls cases. ...more

Part 1: In the Third Department, Annual Filings Are Required

Bond Schoeneck & King PLLC on 4/8/2015

As we dig out from under an unusually cold and snowy winter, we can’t help but ponder the efficacy of our statutory freeze provision, especially in light of two 2015 Appellate Division cases that seem to have completely...more

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