News & Analysis as of

Property Tax Contaminated Properties

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 -
Kramer Levin Naftalis & Frankel LLP

The New York State Brownfield Cleanup Program: Budget Updates and Looking Ahead to an Extension

Governor Cuomo’s FY 2022 Budget provides relief to participants in the New York State Brownfield Cleanup Program (BCP) that risk losing their Tangible Property Tax Credit due to pandemic-related and other delays....more

Mitchell, Williams, Selig, Gates & Woodyard,...

Property Tax Valuation: Wisconsin Appellate Court Addresses Impact of Environmental Contamination

A Wisconsin Court of Appeals (“Court”) addressed in an August 27th opinion an issue involving the impact of environmental contamination on the tax valuation of a parcel of real property. See State of Wisconsin ex rel Ronald...more

Faegre Drinker Biddle & Reath LLP

Indiana Tax Court affirms assessment for contaminated foundry land, where Owner failed to provide evidence showing the land had a...

Name: Garrett LLC v. Noble County Assessor - Date Issued: September 24, 2018 - Property Type: Former foundry with environmental contamination...more

Pullman & Comley, LLC

Groundbreaking News - Fall 2018

Pullman & Comley, LLC on

Welcome to Pullman & Comley's Real Estate Newsletter, Groundbreaking News. Written by our team of attorneys, you'll find articles that highlight hot topics and developments spaning the fields of real estate, land use and...more

Saul Ewing Arnstein & Lehr LLP

Environmental Stigma Can Reduce Value of Property - Application of a 5 Percent “Standard” Stigma Devaluation for Contaminated...

In a case that will have an impact on the owners of property that has been devalued as a result of environmental conditions, the Pennsylvania Supreme Court recently agreed that contaminated real estate could be appraised at 5...more

Cole Schotz

Environmental Contamination Can Significantly Impact the Merits of a Property Tax Appeal

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The New Jersey Tax Court recently ruled in Methode Electronics, Inc. v. Twp. Of Willingboro, Docket Nos. 019012-2010 and 014098-2011 (Tax January 22, 2015) that the assessment on contaminated property located in Willingboro,...more

Cole Schotz

Arms’ Length Sale of Contaminated Property is Best Indicator of Value for Tax Appeal Purposes

Cole Schotz on

In a recent Appellate Division decision (Orient Way Corp. v. Tp. of Lyndhurst), the Tax Court’s prior determination that an arms’ length sale of the subject contaminated property provided credible evidence of true market...more

Cole Schotz

Economically Depressed Contaminated Properties Are Prime Candidates for Significant Real Property Tax Relief

Cole Schotz on

While New Jersey is known as the Garden State, it is also regrettably fertile ground for contaminated properties as a result of its long history of industrial development. With over 20,000 contaminated sites, New Jersey is...more

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