News & Analysis as of

Valuation Property Tax

Farrell Fritz, P.C.

The Impact of the Taxpayer Protection Program on Nassau County Homeowners

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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

Greenbaum, Rowe, Smith & Davis LLP

New Jersey Local Property Taxation Update: An Overview of Material Depreciation in Value Post-Valuation Date

What You Need to Know - •New Jersey property owners should be aware of the statutory framework, related deadlines, and application of those deadlines within the context of the valuation of property for local taxation...more

Cozen O'Connor

Cozen Cities - December 13, 2023

Cozen O'Connor on

BALTIMORE — New UpSurge CEO Bets on Baltimore, Tech Tech- entrepreneur Kory Bailey — who was recently named CEO of UpSurge, a nonprofit, professional ecosystem-building organization — spoke about his efforts to build a...more

Pierce Atwood LLP

Maine Court Clarifies Jurisdiction in Certain Property Tax Appeals and Addresses Maine Revenue Services’ Duty to Taxpayers When...

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In a unanimous opinion, Maine Law Court relied on the plain language of 36 M.R.S. § 844 to hold that, in a municipality without a board of assessment review (BAR), a taxpayer whose nonresidential property is valued at $1...more

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

Wind Energy/Repowering Project: Iowa Supreme Court Addresses Property Tax Valuation Issue

The Supreme Court of Iowa (“SCT”) addressed in a May 5th Opinion an issue involving valuation of certain wind plants for property tax purposes. See Story County Wind, LLC v. Story County Board of Review, 2023 WL 3260921. ...more

Goodwin

Landmark Decision Regarding California Property Taxes: What Owners of California Hospitality Assets Should Know

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The California Court of Appeal (Second Appellate District) published a landmark decision on April 7, 2023, that may have significant implications for the property tax assessments of qualifying California hospitality assets...more

Kohrman Jackson & Krantz LLP

Working with Appraisers in Property Tax Assessment Appeals

Recent turbulence in various market sectors is creating the need to sharpen analyses and understandings of property tax assessment valuations. In evaluating the need for real property tax assessment appeals, it is critical to...more

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

93rd Arkansas General Assembly/Renewable Energy Equipment: Proposed Legislation Addressing Property Tax Valuation

The 93rd Arkansas General Assembly convened for regular session on January 11th. House Bill 1751 (HB1751) would provide a definition of “renewable energy equipment” for property tax valuation purposes....more

Pillsbury Winthrop Shaw Pittman LLP

New York Law Authorizing Taxation of Spent Nuclear Fuel Storage Facilities Raises Property Tax Issues for the U.S. Nuclear...

A recent change in New York law requires local authorities to assess spent nuclear fuel storage facilities at permanently shutdown nuclear power plants as real property for ad valorem tax purposes. The legislation raises...more

Jackson Walker

Cheers to the Holidays—and Property Taxes

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The holiday season is in full swing which means Christmas cookies, New Year’s resolutions, and property taxes… Wait. What? Yes, if you or your clients are aircraft owners in Texas, you should already be thinking about...more

Spilman Thomas & Battle, PLLC

Spilman Alert - Breaking Insights: Important West Virginia Supreme Court of Appeals Decision Affirms Law on Taxation and Leasehold...

The Supreme Court of Appeals of West Virginia's recent decision in Musick v. University Park at Evansdale marks an important affirmation of West Virginia law on taxation of leasehold interests. It has important and positive...more

Dickinson Wright

Valuing the Older Hospitality Facility Can Be Complicated

Dickinson Wright on

Hospitality facilities built in the 1980s or 1990s (or earlier) tend to have design and layout configurations that are out of touch with a franchisor’s present market requirements. This jeopardizes the continued franchise...more

Womble Bond Dickinson

How Smartphones, Showrooming Impact Property Taxes and More

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The battle between physical stores and online retail rages on, but the recent explosion in smartphone usage is blurring the battle lines. Using smartphones, consumers in a store now can simultaneously shop and compare pricing...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

Lowndes

Orange County Hotels See Significant Increase in Property Appraiser Valuations

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After weeks of rumors regarding hotel valuations in Orange County, it is now confirmed: the Orange County Property Appraiser has made it a priority to increase both the market values and assessed values of hotels for 2015. ...more

Akerman LLP

Challenging New York City Real Property Taxes

Akerman LLP on

Tentative Assessments and Initiation of the Tax Cert Process - New York City faces a continuing decline in state and federal funding. Increased property taxes continue to be a reliable revenue stream to fund local...more

Miller Canfield

New Exemption for Uncapping of Residential Property Tax Takes Effect December 31

Miller Canfield on

Owners of residential property in Michigan, including cottages, wanting to transfer the property to a relative without uncapping the value for property tax purposes, may be in luck. The Michigan Legislature has adopted a new...more

McNees Wallace & Nurick LLC

PA Tax Law News - February 2013

In This Issue: PA Governor Proposes Corporate Tax Cuts; Add-Back Legislation Reintroduced; PA Supreme Court Issues Business/Nonbusiness Income Decision; Philadelphia Property Reassessments; Commonwealth Court Addresses...more

Pullman & Comley, LLC

The Supreme Court Speaks; Some Taxpayers Shudder

Pullman & Comley, LLC on

Originally published in the Commercial Property Executive on January 16, 2013. Property owners frequently raise legitimate questions about hard-to-fathom differences between assessments of similar properties, as well as...more

Partridge Snow & Hahn LLP

Important Rhode Island Filing Deadline Approaching for Appealing Property Tax Assessment

Deadline Approaching for Filing Important Notice with Rhode Island Cities and Towns: Taxpayers Who Miss Deadline Prohibited From Appealing Property Tax Assessments In Superior Court. January 31st marks an important...more

Snell & Wilmer

Valuation of Common Areas for Property Tax Purposes

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Originally published in the September/October 2012 30th Anniversary Issue of The Journal of State Taxation. James M. Susa focuses on the tax valuation of common areas within a planned community, noting that, while most...more

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