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.

    CRE Looks Ahead to Healthcare Sector Investment

    29 Jun, 2012

    The recent Supreme Court decision to uphold the Patient Protection and Affordable Care Act will lead to a large number of uninsured Americans entering the healthcare system. According to GlobeSt.com,...

    Business Personal Property Taxes for Hotels

    28 Jun, 2012

    Hotels require a substantial investment in tangible personal property (also referred to as business personal property) in order to operate. Often, the investment in tangible personal property can...

    Tax Credits to Aid Apartment Conversions in Cleveland

    27 Jun, 2012

    The Ohio Department of Development recently announced $35.8 million in tax credits for the development of 111 apartments in downtown Cleveland. According to Cleveland.com, a total package of historic...

    Property Tax Breaks to Lure Businesses Largely Ineffective

    26 Jun, 2012

    In an effort to lure new businesses to the area, Boston has been offering millions of dollars in property tax breaks to companies that settle there. According to The Boston Globe, the policy has...

    Pennsylvania Addresses the Taxation of Improvement Construction

    25 Jun, 2012

    Earlier this spring, the Pennsylvania Supreme Court handed down their decision in Tech One Associates v. Board of Property Assessment of Allegheny County where the issue at hand was over the effect...

    Philadelphia Council Opts to Raise Business and Property Taxes

    22 Jun, 2012

    Philadelphia, Pennsylvania City Council moved along a budget deal that will collect $40 million for School Districts by raising property taxes and the unpopular Use and Occupancy tax. According to...

    Gap between Strong and Weak Malls Continues to Grow

    21 Jun, 2012

    With the economy still only making slow, gradual steps to recovery, stronger malls are able to steal tenants away from weaker ones. According to a new report from Moody's Investors Service, strong...

    Washington, DC Lost $100M in Property Tax Revenue in 2011

    20 Jun, 2012

    Over the past couple of years, Washington, DC has lost close to $14 billion, or roughly 10%, of its property value. According to the Washington Examiner, the plummeting value of city real estate cost...

    Office Tenants Have the Real Estate Advantage

    19 Jun, 2012

    It continues to be a tenant's office market as they are enjoying their pick of nicer, cheaper spots rather than building or leasing new space. According to Philly.com, almost the only places in the...

    Cincinnati City Council to Discuss Property Tax Increase

    18 Jun, 2012

    The Cincinnati, Ohio City Council is holding a special meeting today to discuss a proposed property tax increase to help fund city services and several new capital improvement projects. According to...

    Honolulu, HI Office Vacancy Rose in the First Quarter

    15 Jun, 2012

    Honolulu, Hawaii saw its office vacancy rate rise to 14.6% during the first quarter of 2012. According to the Pacific Business News, the overall market lost 16,929 square feet of occupancy during the...

    Class-A Office Leasing Picks Up, Mostly in Gateway Markets

    14 Jun, 2012

    Investors are continuing to shy away from large-scale office property expansions outside of primary markets. However, according to the National Real Estate Investor, on a national basis, the office...

    Taxpayers Increasingly Use Appraisal Standards in Tax Appeals

    13 Jun, 2012

    More than ever, New Jersey property owners are seeing tax appeals head to trial. According to the National Real Estate Investor, the most significant reason this trend is occurring is that government...

    MN Could Benefit from Proposed ND Property Tax Repeal

    12 Jun, 2012

    An upcoming vote on whether or not to abolish property taxes in North Dakota could ultimately end up greatly benefiting businesses in the state of Minnesota. According to the StarTribune, while...

    Portland to Consider 2% Hotel Tax to Raise Tourism Funds

    11 Jun, 2012

    The Portland City Council will meet later on this week to assess a 2% fee on gross receipts of Portland, Oregon hotels with more than 50 rooms. According to the Portland Business Journal, the new fee...

    Second-Half 2012 Will Be Brighter For CRE

    8 Jun, 2012

    A recent PricewaterhouseCoopers and Urban Land institute survey of more than 1,000 industry professionals showed considerable optimism in their outlook for commercial real estate as a whole....

    Net Lease Investors Begin Looking at Class-B Retail Assets

    7 Jun, 2012

    The number of retail assets for sale in the net lease market continues to rise due to strong investor demand. According to Retail Traffic, the number of retail assets offered for sale in the first...

    Hotel Transactions Set to Surge

    6 Jun, 2012

    While 2012 thus far has seen a steady and strong pace of hotel transactions, experts expect activity to really ramp up for the remainder of the year and foreseeable future. According to Lodging...

    Top Risks for REITs Suggest Ongoing Economic Challenges

    5 Jun, 2012

    While the economy continues its slow pace to recovery, REITs still face several challenges, with the most prevalent still being the current state of the economy. According to a report by BDO USA,...

    Cook County Property Tax Bills Coming in July

    4 Jun, 2012

    Cook County, Illinois home and business owners can expect second installment property tax bills to hit their mailboxes in early July for the first time in decades. According to the Chicago Tribune,...

    Property Tax Overhaul Forces Changes in Certain GA County Budgets

    1 Jun, 2012

    A statewide property tax overhaul in Georgia, that was implemented to benefit taxpayers, has resulted in some counties being forced to increase workloads to the tune of as much as hundreds of...

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