Paradigm Tax Group Industry News

Paradigm Tax Group Industry News

Stay informed with the most current Industry News that affects your business and impacts property taxes across the nation.

    Offices Still 33% Empty after Recent Building Boom

    31 Mar, 2011

    The future outlook for Boston, Massachusetts construction crews does not look bright as developers are struggling to fill the 6.7 million square feet of new office space that has hit the local market...

    Gwinnett County, GA Businesses Receive Wrong Property Tax Notices

    30 Mar, 2011

    Close to 14,000 Gwinnett County, Georgia businesses have received the wrong property tax assessments due to a printing error, causing the deadline to file an appeal to be extended. The county's Board...

    Recovery May Be Coming to a Standstill

    29 Mar, 2011

    Business owners and suppliers across the nation have been generally upbeat in the recent months about the economy improving, especially for manufacturers. That sentiment it seems has come to a...

    Reminder: Michigan Venture Tax Credit

    28 Mar, 2011

    At the close of 2010, Michigan signed into law the Michigan Venture Tax Credit which may be used only against the Michigan Income Tax and is available for investments made in 2011 and 2012. The...

    Massachusetts Assessors Able to Request Property Information

    25 Mar, 2011

    Chapter 59, Section 38D of the Massachusetts General Laws gives Massachusetts assessors the right to request physical and financial property information to assist them in developing valuation...

    Government Cuts Decrease Office Demand

    24 Mar, 2011

    Recent decreases in state and local government is causing less demand for office space, which is in turn slowing down the recovery of the commercial real estate market. According to The Wall Street...

    United States Healthiest Retail Cities

    23 Mar, 2011

    A new research study by ChainLinks Retail Advisors shows that the healthiest retail cities in the United States are mostly comprised of the usual major markets. Washington, DC topped the list...

    Property Owners Working to Slash Tax Bills

    22 Mar, 2011

    Many of the largest commercial property owners in Westchester, New York are challenging municipalities' property assessments in a move to lower their tax bills and boost their bottom lines. Thousands...

    The Economy Is Back, and So Are Hotel PIPs

    21 Mar, 2011

    Recent analysis is showing the net operating income of the average U.S. hotel is expected to rise 10.9% this year, leading the major brands to exert more pressure on hotel owners to complete property...

    Glendale Hilton Intangibles Case Remanded for Full Trial

    18 Mar, 2011

    California assessors have historically stood firmly behind the "Rushmore" method of deducting business enterprise values and intangibles from hospitality property purchase prices. Traditionally their...

    Property Tax Analysis Shows Benefit of Property Tax Appeals in Declining Market

    17 Mar, 2011

    Paradigm Tax Group recently completed an analysis of more than 17,000 office, retail, hospitality, industrial, and special-use properties in St. Louis County to determine if their appraised value...

    Real Estate Crisis Depends on Supply

    16 Mar, 2011

    In 2009, with unemployment and domestic product dropping sharply, real estate values had plummeted from their 2006 highs, putting the housing market in crisis and leading many to believe the...

    Business Property Assessed in a New Way

    15 Mar, 2011

    In 2011, assessors in Mecklenburg County, North Carolina are using a new approach towards commercial property values that includes how much income the properties can generate - a calculation they...

    2011 Texas and Oklahoma Business Personal Property Renditions

    14 Mar, 2011

    Most Texas appraisal districts have mailed out the 2011 Business Personal Property Renditions Forms for the 2011 Tax Year. Renditions must be received by April 15th to avoid a 10 percent penalty. A...

    Michigan Court of Appeals Affirms Expert's Methodology in Valuing Personal Property

    11 Mar, 2011

    The Michigan Court of Appeals has rejected the city of St. Clair's argument on a recent manufacturing personal property appeal that the methodology of the petitioner's expert witness was flawed and...

    Filed Florida Bill Lowers Non-Homestead Assessment Cap to 3%

    10 Mar, 2011

    Florida Senate and House lawmakers have filed joint bills to reduce the limitations on increases to non-homestead (real property) assessments from 10% to 3%. According to the Florida Association of...

    Texas Counties Enforcing Section 1152 of the Texas Occupation Code

    9 Mar, 2011

    In the past, it was not unheard of for an unauthorized property tax agent to work in the State of Texas without being penalized for non-compliance under Section 1152.151 of the Texas Occupation Code....

    Retail Landlords Could Save Millions by Appealing Property Tax Assessments

    8 Mar, 2011

    Many shopping center landlords operating on thin margins can find that property tax savings via an aggressive appeal of their assessments may tip the balance sheet towards profitability. According to...

    Pennsylvania Auditor General Discovers State Tax Equalization Board Assessment Errors

    7 Mar, 2011

    After his office discovered several errors in the State Tax Equalization Board’s (STEB) 2008 revised property values, Pennsylvania Auditor General Jack Wagner announced that subsequent reports and...

    Potential Changes to South Carolina ATI Law

    4 Mar, 2011

    The Georgia Association of Property Tax Professionals (GAPTP) reports that South Carolina is once again attempting to fix Act 388 of the State's Assessable Transfer of Interest (ATI) law. The...

    Iowa Property Assessment Appeal Board Receiving 2011 Appeals in May

    3 Mar, 2011

    The Iowa Property Assessment Appeal Board (PAAB) will begin receiving 2011 appeals in May, after the local board of review has issued their final determinations. The deadline to file on a board of...

    Health Care REITs Shift Strategy, Raise Risk

    2 Mar, 2011

    Health Care REIT owners are trending towards taking on increased risk by assuming a role in the operations of the medical facilities they own. According to The Wall Street Journal, the change in...

    Florida Value Adjustment Board Has Rules Challenged

    1 Mar, 2011

    The Hillsborough County, Florida Property Appraiser has recently filed suit to challenge two separate Value Adjustment Board (VAB) rules that deal with evidence between petitioners and county...

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