Hawaii Deadline

Written on December 15, 2009 at 09:37 AM

Jurisdiction: State of Hawaii
Appeal Deadline: Oahu Jan 15, Other Islands Apr 9
Important Reminders:

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Categories: Paradigm Info, Hawaii

California Tax Alert

Written on December 03, 2009 at 09:38 AM

IMPORTANT ALERT FOR ANY LEGAL ENTITY THAT OWNS REAL PROPERTY IN CALIFORNIA!
NEW MANDATORY SELF-REPORTING WITH PENALTIES EFFECTIVE JANUARY 1, 2010

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Categories: Paradigm Info, California

Oregon Deadline

Written on December 01, 2009 at 09:34 AM

Appeal deadline: Dec 31
Important Reminders:

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Categories: Paradigm Info, Oregon

Alaska Deadlines

Written on December 01, 2009 at 09:32 AM

Jurisdiction: Alaska has 16 boroughs and 11 census areas. The assessment date is January 1.

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Categories: Alaska, Paradigm Info

MIDOT’s filing of 10,000 property tax appeals by December 31st could result in a 100% increase for taxpayers

Written on December 01, 2009 at 09:30 AM

On Tuesday December 1, the Michigan Department of Treasury (“MIDOT”) informed the assessing community that it will file up to 10,000 real and personal property classification appeals with the Michigan Tax Tribunal by December 31, 2009. The appeals will request that real and personal property classified as industrial be reclassified as commercial. While in the past a few appeals may have been filed, the volume increased exponentially this year due to the Michigan Business Tax Industrial Personal Property Tax Credit and the millage reduction afforded industrial personal property. Changing personal property classification from industrial to commercial creates a tax increase of 100% or more. Property owners should take action immediately in order to protect their rights to the tax reduction intended by the Michigan legislature.

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Categories: Michigan, Paradigm Info

Historic News for California Property Tax Assessments

Written on December 01, 2009 at 09:28 AM

The assessment of real property in California is guided by Proposition 13, which took effect in 1978. Upon a change in ownership or completion of construction, a base year value is assigned to a property. Thereafter, the annual increase in assessed value is determined by the California Consumer Price Index - but capped at 2%. Using Consumer Price Index numbers recently released by the government, the State Board of Equalization announced on November 30, 2009 that - for the first time since Proposition 13 was implemented – statutes dictate a deflationary economy to result in a negative .237 percent adjustment to the assessed value of real property as of January 1, 2010. The California State Board of Equalization notified County Assessors on December 14, 2009 that a negative .237 percent adjustment should be used for the 2010 real property assessment roll.

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Categories: Paradigm Info, California

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