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Property Tax › Tax Assessment

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

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

Cozen O'Connor

Broad Street Brief: Harris-Walz Ticket Debuts in Philadelphia

Cozen O'Connor on

Property Reassessments to Raise Homeowners’ Tax Bills $330- Though Mayor Cherelle Parker and City Council left the real estate tax rate unchanged this year, Philadelphia homeowners can expect to see property taxes increase...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

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

Sherman & Howard L.L.C.

Colorado Property Tax Appeals

Sherman & Howard L.L.C. on

Property taxes are on the rise in Colorado, and many residents are looking for ways to appeal their property tax assessments. If you own real property, it is essential to understand the process of review and appeal, known as...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

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

Buckingham, Doolittle & Burroughs, LLC

Ohio Real Property Tax – Were you impacted by the wave of property tax increases? It’s time to check if your property tax...

Buckingham, Doolittle & Burroughs, LLC on

As we’ve seen significant property value appreciation over the last few years, owners and commercial/industrial tenants need to be aware of the opportunity to contest their property’s valuation. Objections to real property...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

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

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

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

Parker Poe Adams & Bernstein LLP

Property Tax Incentives for Manufacturers: New Reimbursement Changes the Game

Parker Poe Adams & Bernstein LLP on

A modest change in the law in 2022 is now having a significant impact on how South Carolina counties negotiate property tax incentive packages for manufacturers. With one of the highest manufacturing property tax rates in the...more

Venable LLP

District of Columbia Set to Adopt Regulations to Implement New Tax Abatement Program to Incentivize Office-to-Residential...

Venable LLP on

The District of Columbia published draft regulations to implement a new tax abatement program passed by the D.C. Council in 2023 to encourage office-to-residential conversions in the downtown area, including portions of...more

Warner Norcross + Judd

This is Not a Tax Bill … Yet

Warner Norcross + Judd on

If you own property in Michigan, then you just received (or will soon receive) a Notice of Assessment, Taxable Valuation and Property Classification from your local city or township. The phrase “THIS IS NOT A TAX BILL” is...more

McNees Wallace & Nurick LLC

Allegheny County – Real Estate Tax Annual Assessment Appeal Deadline is April 1, 2024

McNees Wallace & Nurick LLC on

January 31, 2024Publications The deadline for filing a real estate tax assessment appeal for the 2024 tax year is fast approaching in Allegheny County.  The deadline is April 1, 2024.  The Common Level Ratio for 2024 is...more

Venable LLP

Maryland Tax Updates - January 2024

Venable LLP on

Tax Court Modifies Rushmore Method for Hotel Valuation. The Maryland Tax Court recently modified the traditional Rushmore income approach used to determine the fair market value (FMV) of the real estate component of a hotel....more

Faegre Drinker Biddle & Reath LLP

New Indiana Statute Opens Door to Lower Property Tax Assessments for Apartments in 2024

Faegre Drinker Biddle & Reath LLP on

Indiana apartment owners and operators enter 2024 with new opportunities to lower their real property tax assessments. Under an updated law effective this year, Ind. Code § 6-1.1-4-39 (Section 39), for property tax assessment...more

Pullman & Comley - For What It May Be Worth

Board of Assessment Appeals – Filing Deadline Resolved

Pullman & Comley - For What It May Be Worth on

As readers of this blog probably know, a property tax appeal is initiated by filing a petition with a municipality’s Board of Assessment Appeals.  Typically, the appeal must be filed with the Board no later than February 20. ...more

Pullman & Comley, LLC

What to Do If You Disagree with Your FY2024 Massachusetts Assessment

Pullman & Comley, LLC on

January 1 is the date when most third quarter tax bills are mailed in Massachusetts; therefore, under M.G.L. Chapter 59, the majority of abatement applications must be filed with local assessors’ offices on or before...more

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