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Property Tax › Tax Revenues

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 -
Whitman Legal Solutions, LLC

Rent Control’s Unintended Consequences

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Our country continues to experience economic conditions triggered by a worldwide pandemic and subsequent inflation. These conditions have mostly been outside of anyone’s control. Yet, when government officials see their...more

Parker Poe Adams & Bernstein LLP

How Georgia's New Statewide Homestead Exemption Law Could Impact School Districts

Parker Poe Adams & Bernstein LLP on

A new law that could have sweeping impacts on Georgia school districts’ property tax revenue was passed earlier this year, but its implementation is conditioned upon the passing of a constitutional amendment by statewide...more

Epiq

Commercial Real Estate Market: Observations and Opportunities

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The commercial real estate market is in a fragile state. The remote working trend is not reversing anytime soon, if ever. Some analysts believed that once the pandemic ended, people would naturally revert to the “old way” of...more

Bricker Graydon LLP

Budget Commission Requests to Forgo Revenue

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As a result of the 2023 valuation update, several counties have requested all jurisdictions, including school districts, to voluntarily give back millage to reverse the impact of inflationary increases on collections,...more

Franczek P.C.

Hospital Charitable Tax Exemption Upheld by Illinois Appellate Court

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Last month, in the case Carle Foundation v. Dept. of Revenue, the Fourth District Court of Appeals issued its latest decision regarding hospital property tax exemptions. The Court upheld a trial court judgment awarding the...more

Warner Norcross + Judd

New Brownfield Redevelopment Law Amendments in Michigan

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On July 18, 2023, Governor Gretchen Whitmer signed a series of bills that will dramatically update the state’s brownfield redevelopment laws to allow the use of tax increment financing for housing projects on brownfield sites...more

Rivkin Radler LLP

New York’s “No-Longer-a-Sin” Taxes – Effective? Progressive? Neither?

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Lately I’ve been thinking about the many ways by which members of the public transfer funds to government and the many reasons for which such transfers are made. After all, we’re still in the “season of giving.”...more

Womble Bond Dickinson

Why You Still Need Fee in Lieu of Tax Agreements

Womble Bond Dickinson on

At the conclusion of this year’s legislative session, the South Carolina General Assembly passed The Comprehensive Tax Cut Act of 2022 (the “Act”). Among a number of other significant tax changes, the Act effectively...more

Haynsworth Sinkler Boyd, P.A.

HSB Economic Development Update - June 2022

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The HSB Economic Development team published their June 2022 news update, highlighting the following topics: Big Changes to South Carolina Property Taxes and Incentives- The big political news in South Carolina this June...more

Franczek P.C.

Illinois General Assembly Approves Refund Recapture Levy for Certain Property Tax Refunds

Franczek P.C. on

Yesterday  the Illinois General Assembly passed Senate Bill 508 (SB 508).    SB 508 creates a new Section 18-233 in the Property Tax Code amending the Property Tax Extension Limitation Law (PTELL) to allow taxing districts to...more

McDermott Will & Emery

US Treasury Issues Guidance on the ARPA Claw-Back Provision

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Earlier this week, the US Department of the Treasury (Treasury) issued formal guidance regarding the administration of the American Rescue Plan Act of 2021 (ARPA) claw-back provision. The guidance (Interim Final Rule)...more

Eversheds Sutherland (US) LLP

Georgia’s 2021 Sine Die - Thoughtful policy mixed with last minute surprises and everything in-between

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During the 2021 legislative session, the Georgia General Assembly passed key legislation, including conformity to the federal tax law, the elimination of deference to subregulatory interpretations of the Department of...more

Franczek P.C.

Illinois Appellate Court Again Sides with School Districts on Working Cash Fund Bond Tax Rate Objections

Franczek P.C. on

After a very difficult 2020, Illinois school districts received a well-deserved present on December 24 when the First District Illinois Appellate Court issued a decision rejecting a tax rate objection and upholding the...more

Bricker Graydon LLP

[Webinar] Wednesday Webinar: Protecting Your Financial Base – The Significance of Tax Valuation Complaints (Pre-K to 12) - January...

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In Ohio, approximately two-thirds of school district revenue is generated from property taxes, so it is important for school administrators to understand the legal process that affects increases and decreases in property tax...more

Foley Hoag LLP - Energy & Climate Counsel

Massachusetts State Auditor Issues Report Concerning The Impact of Solar Taxation Policies on Municipalities

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On December 10, 2020, the Massachusetts Office of the State Auditor Division of Local Mandates (“DLM”) issued The Impact of State-Owned Land PILOT and Solar Taxation Policies on Municipalities report. DLM Report In part,...more

Best Best & Krieger LLP

Challenge to Prop 15: Courts Don’t Mess with Initiatives (or AGs Who Summarize Them)

Best Best & Krieger LLP on

Swift Decision Rejects Ballot Language Opposition - A trial court recently rejected a challenge to the California Attorney General’s ballot label, title and summary of a proposed initiative amendment to Proposition 13. In...more

Franczek P.C.

Record Bankruptcies Potentially Impact Local Property Tax Revenues

Franczek P.C. on

The impact of the pandemic on the tax bases of local governments is slowly becoming clearer as the number of retailers filing for bankruptcy protection grows. ...more

Franczek P.C.

Illinois Appellate Court Defeats TIF District for Lack of Parcel Contiguity and City’s ‘Casual Approach’ to Procedural Obligations

Franczek P.C. on

Last Friday the Illinois Appellate Court for the Third District shot down a tax increment financing (TIF) district created by the City of Crest Hill finding that the parcels within the proposed TIF area were not contiguous...more

Allen Matkins

Proposition 13 Overhaul Qualifies for November Ballot

Allen Matkins on

California Secretary of State Alex Padilla announced on Friday, May 29, 2020, that the revised initiative entitled "The California Schools and Local Communities Act of 2020" officially qualified for the November ballot. If...more

Franczek P.C.

School Districts File Amicus Curiae Brief in Landmark Federal Property Tax Lawsuit

Franczek P.C. on

Last week, nine Cook County school districts and Calumet City filed an amicus curiae (“friend of the court”) brief in the Seventh Circuit Court of Appeals in support of rehearing in the case A.F. Moore & Associates Inc. v....more

Steptoe & Johnson PLLC

West Virginia Legislative Brief: Commentary from Gil White - February 2020

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Welcome to the 2020 Legislative Brief, your one-stop shop for legislative news from a variety of sources throughout West Virginia, and my view of the legislative happenings on the horizon. February 14, 2020, marks the 38th...more

Bricker Graydon LLP

[Webinar] Protecting Your Financial Base - The Significance of Tax Valuation Complaints and Appeals (Pre-K to 12) - January 22nd,...

Bricker Graydon LLP on

In Ohio, approximately two-thirds of school district revenue is generated from property taxes, so it is important for school administrators to understand the legal process that affects increases and decreases in property tax...more

Pullman & Comley, LLC

Property Tax and Valuation Topics - Spring 2019

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Tidbit on NNN lease property valuation - A sort of a humdrum ruling on the assessment appeal of a garden variety industrial building nevertheless offers a valuable insight as to proper use of the income valuation...more

Bradley Arant Boult Cummings LLP

PARCA Issues 2018 Study: How Alabama Taxes Compare - SALT Alert: Alabama Edition

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Just before Christmas, the influential Public Affairs Research Council of Alabama (PARCA), the nonpartisan think tank headquartered at Samford University, released its annual report, How Alabama Taxes Compare. The contents...more

Lewitt Hackman

California Ballot Guide 2018: Propositions 5-7

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This is Part Two in our series regarding the California Ballot for November, 2018. In this series, we provide a synopsis for each of the 11 propositions voters in this state will see on the ballot, and summarize the primary...more

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