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.

    Apartment Owners to See Outstanding Returns Through 2012

    31 May, 2011

    Strong April performance numbers will help the multi-family sector deliver outstanding returns for owners and operators over the next 20 months, as effective rent growth and occupancy rates remain at...

    Landlord Concessions Complicate Appraisal Process

    27 May, 2011

    Commercial property appraisal prior to the recession was as simple as dividing the number of vacant rental units at a property by the total number of rentable units to determine the vacancy rate....

    UPDATE: Property Tax Cap Gets Thumbs-Up from Businesses

    26 May, 2011

    New York Governor Andrew Cuomo and legislative leaders have agreed on a 2% limit on commercial and residential property tax increases. The proposal, which still has to be approved by the state...

    Spike in Distressed Property Sales Is a Healthy Sign

    25 May, 2011

    An index of U.S. commercial real estate prices fell to a cyclical low in March, down 4.2% from February and 47% from the peak in October of 2007. According to the National Real Estate Investor, the...

    Commercial Real Estate Markets Stabilizing, Demand Growing

    24 May, 2011

    The improving economy, especially the extremely important increase in job creation, means growing demand for commercial real estate as job creation increases the demand for commercial space. When...

    Commercial Real Estate Sector Cooled in Q1

    23 May, 2011

    According to MIT's Center for Real Estate, the commercial real estate market decelerated in the first quarter of 2011 as institutional property investors were stung by declines in both sales and...

    A New Era for Multi-Family

    20 May, 2011

    According to industry experts, the negative stigma of living in an apartment is long gone as it is now considered more widely desirable than homeownership. According to Commercial Property Executive,...

    Discounters Rev Up Retail

    19 May, 2011

    With retail vacancies continuing to mount and higher gas and grocery prices an inevitability, merchandising experts predict it could be years before the U.S. marketplace requires new sales space and...

    Hotel Transfers: Buyers and Sellers Beware!

    18 May, 2011

    At a time in the commercial real estate market, and more specifically the hospitality industry, when credit is still tight due primarily to stricter lending requirements, there are a number of buyers...

    Will Michigan Legislature Chop Business Personal Property Tax?

    17 May, 2011

    After recently pushing through $1.7 billion in tax cuts for Michigan businesses, cutting personal property taxes on businesses in the state could be next. According to mlive.com, Michigan businesses...

    Yavapai Downs Racetrack Appeals Property Taxes

    16 May, 2011

    Yavapai Downs horse racetrack in Yavapai County, Arizona has filed an appeal of the track's commercial status with the Assessor's Office. According to The Daily Courier, the Assessor recently changed...

    Assembly Majority Leader: New York Tax Cap Will Pass This Session

    13 May, 2011

    New York State assembly legislators have said that the chamber will pass a cap on property tax increases before the session ends on June 20. Though it is likely there will be a cap, it is not...

    U.S. Hotel Stock Index Bounces Back

    12 May, 2011

    The Baird/STR Hotel Stock Index was back in positive territory after it gained 2.7% in the month of April after a decrease in March, a good sign for the hotel industry as summer approaches. According...

    Iowa House Passes Property Tax Reform Plan

    11 May, 2011

    The Iowa House voted to approve an amended property tax relief plan which reduces commercial property taxes from 100% to 60% in value over five years and increases state aid to Iowa school districts...

    Columbus Business Gets Tax Break to Grow

    10 May, 2011

    Carr Supply Inc., a supplier of heating and cooling equipment, will be able to expand their Columbus, Ohio operation to the Near East Side with the help of a property tax break worth $221,858 over...

    April Jobs Report Is Good Sign for Commercial Real Estate

    9 May, 2011

    U.S. private employers had better-than-expected hiring in April which could help calm some of the negative sentiment that had been building, a good sign for commercial real estate markets. According...

    Interest in 33 Arch St. Shows Hub Tower Market Looking Up

    6 May, 2011

    As a sign that the downtown Boston, Massachusetts commercial market may be rebounding, the office building at 33 Arch St. has been put up for sale at a staggering target price of roughly $400...

    UPDATE: Property Tax Benefit for Florida Businesses Heads for 2012 Ballot

    5 May, 2011

    On the 2012 ballot, Florida voters will get to decide whether to give a dramatic property-tax benefit to businesses that face steeper property taxes because of a quirk in Florida tax law. The...

    Municipalities Serve Up Incentives to Lure Retailers and Developers

    4 May, 2011

    Thousands of municipalities across the nation are trying to manage through difficult fiscal situations as revenues continue to decline and expenditures continue to go up. This can be a good thing,...

    UPDATE: Colorado Business Personal Property Tax Lives On

    3 May, 2011

    A Colorado State Senate Committee killed a bill that would have created a two-year timeout on the business personal property tax, saying that its costs to local government revenues outweighed any...

    Several Taxing Provisions from Indiana Legislative Sessions

    2 May, 2011

    The Indiana Legislature wrapped up the 2011 session on April 29 with several bills expected to be signed into law by the governor. There were a number of provisions affecting state and local tax. To...

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