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Property Tax › Property Owners

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 -
Tucker Arensberg, P.C.

Allegheny County Moves Tax Appeal Deadline to October 1 - Limited Time for Assessment Relief

Tucker Arensberg, P.C. on

In Allegheny County, tax appeal season has already begun for 2025. For every tax year, County property owners have the ability to file an assessment appeal. ...more

Brownstein Hyatt Farber Schreck

Colorado Special Session on Property Tax: We Have a Deal!

Brownstein Hyatt Farber Schreck on

Three and a half days after it convened, the Colorado Legislature ended its special session on property tax. The session was called in response to a dramatic increase in property taxes that both residential and commercial...more

Nelson Mullins Riley & Scarborough LLP

Navigating South Carolina Tax Sales: Supreme Court Clarifies Conspicuous Notice Posting Requirement

Nelson Mullins Riley & Scarborough LLP on

In an opinion released on August 21 in Massenberg v. Clarendon County Treasurer (Op. No. 28234), the South Carolina Supreme Court invalidated the tax sale of real property in Clarendon County based on the delinquent...more

Morgan Lewis

Upcoming Deadline to Dispute California Property Tax Valuation

Morgan Lewis on

For California property owners that could potentially reduce their property taxes with a decline-in-value assessment appeal, the property tax assessment appeals for 2024 are due by either September 16 or December 2 depending...more

IR Global

Don’t forget to report property gains

IR Global on

A higher rate of CGT applies to gains on the disposal of residential property (apart from a principal private residence). In the Spring Budget 2024, the Chancellor announced a reduction in the higher rate that exists for...more

Farrell Fritz, P.C.

The Impact of the Taxpayer Protection Program on Nassau County Homeowners

Farrell Fritz, P.C. on

For homeowners in Nassau County, the recently commenced 2024/25 property tax year marks the demise of a little-known old friend – the 5-year Taxpayer Protection Program (aka “TPP”). Created by Nassau County leaders in 2020/21...more

McGuireWoods LLP

Fairfax County Tax Abatement Program Begins

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In 2020, Fairfax County, Virginia, adopted an Economic Incentive Program (EIP) that, among other incentives, provides for a partial real estate tax abatement equal to the difference in value between the base value...more

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

Akerman LLP

New York City’s Industrial and Commercial Real Estate Tax Abatement Program to be Extended to 2029

Akerman LLP on

The New York City Industrial and Commercial Abatement Program (ICAP) will be extended to remain in effect through 2029, with no modifications. The bill to extend the deadline from March 1, 2025, to March 1, 2029, to...more

Faegre Drinker Biddle & Reath LLP

If You Own Real Property in Indiana — Frequently Asked Questions

Faegre Drinker Biddle & Reath LLP on

To protect and preserve their right to fair and equitable property tax assessments, taxpayers should understand the fundamentals of Indiana’s assessment system and how to challenge excessive valuations. If you own real...more

Sherman & Howard L.L.C.

Colorado Property Tax Appeals, Part 2

Sherman & Howard L.L.C. on

Property taxes play a crucial role in supporting our local communities. The revenue generated from property taxes goes directly toward funding public schools, county governments, special districts, municipal governments, and...more

Franczek P.C.

Illinois Supreme Court Rules that Payment of Property Taxes Is Not Required to Pursue a PTAB Appeal

Franczek P.C. on

On May 23, 2024, the Illinois Supreme Court issued a highly anticipated ruling on whether a taxpayer is required to pay its property tax bill before pursuing an appeal at the Property Tax Appeal Board (PTAB). In Shawnee...more

Nelson Mullins Riley & Scarborough LLP

Navigating South Carolina Tax Sales: County’s Posting of Conspicuous Notices

Nelson Mullins Riley & Scarborough LLP on

In an unpublished opinion released on May 12 in Grayson Dailey v. SC Home Holdings, LLC (Op. No. 2024-UP-164), the South Carolina Court of Appeals upheld the tax sale of real property in Lexington County over the objection of...more

Lowndes

Real Estate Tax Considerations for Landlords and Tenants

Lowndes on

It is customary for landlords to require their tenants to pay real estate taxes attributable to the landlord’s property being leased, along with other common area expenses like maintenance, insurance and the like. When there...more

K&L Gates LLP

New Illinois Laws for 2024 Affecting Real Estate

K&L Gates LLP on

Illinois has passed a number of laws effective 1 January 2024 that impact commercial real estate and development. These new laws range from new requirements for residential landlords, first of its kind electric vehicle...more

Pullman & Comley - For What It May Be Worth

March 13 Public Hearing on Bills of Interest to Commercial Property Owners and Taxpayers in Connecticut

Pullman & Comley - For What It May Be Worth on

The Connecticut General Assembly's Planning and Development Committee will be holding a public hearing on March 13 at 10:00 a.m. on the following bills of interest to commercial property owners and taxpayers...more

Pullman & Comley - School Law

Connecticut Bill Targets Property Tax Exemptions for Educational Institutions

Pullman & Comley - School Law on

A bill has been introduced before the Connecticut General Assembly that would eliminate property tax exemptions for real property acquired by an “independent institution of higher education” on or after October 1, 2024...more

Akerman LLP

D.C. Government Publishes Proposed Rules on Tax Abatements for Residential Conversions

Akerman LLP on

Washington D.C.’s Office of the Deputy Mayor for Planning and Economic Development (DMPED) released its proposed rules establishing how the D.C. government will implement the Housing in Downtown Tax Abatement program. A...more

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

International Lawyers Network

Buying and Selling Real Estate in Spain

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KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER SPANISH LAW - I. Procedure of a real estate transaction - 1. Formal procedure of a real estate transaction in Spain starting from the signing of the purchase agreement...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

International Lawyers Network

Buying and Selling Real Estate in Singapore (Updated)

International Lawyers Network on

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER SINGAPOREAN LAW - INTRODUCTION - There are two systems of land registration in Singapore: registration under the Registrations of Deeds Act, known as “unregistered land”,...more

Stoel Rives LLP

New Washington State Personal Property Tax Exemption for Certain Renewable Energy Generation and Storage Facilities

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Beginning with taxes levied for collection in 2025, a newly enacted Washington property tax statute provides an exemption from the state-imposed portion of personal property tax for qualified personal property used for the...more

Tucker Arensberg, P.C.

Lower 2024 Ratio - New Opportunities for Reducing Your Property Tax Assessment

Tucker Arensberg, P.C. on

In Allegheny County, tax appeal season has begun for 2024. Every year, County property owners have the ability to file an assessment appeal. But this year there are unique opportunities for an assessment reduction....more

Maynard Nexsen

Florida Client Alert:  New and Future Changes to Florida Laws Affecting Real Property

Maynard Nexsen on

Tort reform laws are not the only significant changes underway in Florida. There also are a series of changes to Florida law that either have taken effect, will take effect, or may potentially take effect (more on that...more

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