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.

    All Commercial Real Estate Sectors Continue to Improve

    31 May, 2012

    Fundamentals across all commercial real estate sectors continue to improve from their low points during the recession. According to a report from the National Association of Realtors, ongoing job...

    ICSC's RECon Attendees Upbeat despite Slow Retail Recovery

    30 May, 2012

    Paradigm Tax Group again attended ICSC's RECon convention, an annual retail deal-making event held in Las Vegas, where there was an increase in attendees, deal activity, and overall energy. However,...

    California Can't Afford 'Split Roll' Tax

    29 May, 2012

    Proposals to increase business property taxes could make the already difficult California business landscape an even harder place to run a successful company. According to SF Gate, California small...

    Bills Allowing for Property Tax Breaks Pass Senate in Louisiana

    25 May, 2012

    Bills that will allow local governments in Louisiana to recruit companies with the promise of exemption from property taxes have passed the Senate easily. According to NOLA.com, the bills call for a...

    Obtain a Tax Clearance before Purchasing a Hotel

    24 May, 2012

    When buying an operating business such as a hotel, many purchasers forget to obtain a tax clearance certificate from the state in which the business is operated before the sale is closed. A Tax...

    Boston Property Taxes Show Modest Gain after 2-Year Dip

    23 May, 2012

    Property tax rolls for the city of Boston, Massachusetts are growing modestly due to new construction and commercial properties previously being tax exempt. According to The Boston Globe, after two...

    NYC Commercial Real Estate Market Shows 52% Increase

    22 May, 2012

    The commercial real estate market in New York City showed a 52% year-over-year increase in Q1 2012, with transactions amounting to just under $5 billion in sales volume. According to research from...

    Iowa Legislature Ends without Commercial Property Tax Compromise

    21 May, 2012

    The 2012 Iowa legislative session will likely be known for its failure to once again find a compromise on how to deliver property tax relief to commercial and industrial property owners. According to...

    Retail Lifestyle Centers Launch a Comeback

    18 May, 2012

    Lifestyle centers exploded in the mid-2000s, but experienced hard times during the recession due to the fact that many were built in developing areas with no anchor tenants. According to Retail...

    Malls Make a Comeback, but with Little New Development

    17 May, 2012

    Investor interest in malls has recently perked up as sales volume on prime retail properties nationwide was up 87% year-over-year to $12.5 billion during the first quarter of 2012. According to Real...

    Experts Bullish on Miami Commercial Realty Values

    16 May, 2012

    Miami, Florida commercial real estate experts are confident about fundamentals that should help raise property valuations. According to Miami Today, during the past year there has been a flight to...

    Hoteliers Disconnected from Shaky Reality

    15 May, 2012

    Much of the hotel industry continues to rely on historical data, instead of focusing on the current world situation and U.S. statistics, leading to major disconnect from recognizing the risks that...

    Florida Businesses Assume Bigger Share of Property Taxes

    14 May, 2012

    As a consequence of residential property taxes dropping due to Florida's housing slump, the share of property taxes paid by businesses in the state has risen nearly 20%. According to the...

    Kansas House Approves Property Tax Classification

    11 May, 2012

    Kansas House members approved a bill to buy time to define what constitutes real and business personal property. According to Bloomberg Businessweek, the bill, now on the Senate floor, tackles the...

    Michigan Commercial Businesses Brace for Property Tax Increases

    10 May, 2012

    Businesses in over 400 Michigan districts are bracing for potential property tax increases under legislation in the state Senate to slash business personal property taxes. According to the Municipal...

    Study Shows Accuracy of Commercial Real Estate Appraisals Is Spotty

    9 May, 2012

    A new study by KC Conway, using thousands of securitized real estate bonds of properties that were foreclosed and liquidated, shows a wide discrepancy between the appraisal values and eventual sales...

    King County Grants Amnesty Period for Unreported BPP Taxes

    8 May, 2012

    King County, Washington Council members have passed a new ordinance aimed at increasing fairness in the administration and collection of business personal property taxes. According to the...

    Utah Leads in Commercial Real Estate Construction

    7 May, 2012

    Keeping up with the national trend, Utah is seeing a rebound in the development and construction of commercial real estate across the state, jumping from 26th to 6th nationally in terms of spending...

    Texas Lawmakers Hold Hearing on Property Taxes

    4 May, 2012

    Texas Lawmakers held a hearing by Conservative activists that would like to abolish property taxes, claiming it is unjust that property is taxed over and over again, unlike income or sales. According...

    Small Commercial Properties Hindered by Tight Credit

    3 May, 2012

    A large number of smaller commercial property deals across the nation have not come to fruition due to stricter lending standards. According to a recent National Association of Realtors survey, while...

    Ruling a 'Game-Changer' for Nonprofit Tax Status in Pennsylvania

    2 May, 2012

    A ruling by the Pennsylvania Supreme Court on a religious organizations school camp claimed that most of the 61-acre spread is taxable because it does not meet all of the criteria previously...

    Commercial Real Estate Development and Construction Rebounded in 2011

    1 May, 2012

    Spending on commercial real estate construction and development increased 12% from 2010 to 2011 and 238.3 million square feet were built last year, a 2.5% increase from 2010. According to Market...

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