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.

    Extraordinary Income Does Not Necessarily Create Value

    31 Oct, 2012

    Hurricane Sandy, aka Frankenstorm, displaced many people from their homes and created an enormous demand for hotels. This unexpected source of income, if not properly considered in an income approach...

    Medical Office Buildings Outperforming General Office

    30 Oct, 2012

    Medical Office Buildings, along with Technology Facilities, have become the hottest commodity in the general office sector. According to GlobeSt.com, industry experts are agreeing that medical office...

    Hurricane Sandy to have 'Devastating' Impact on Economy, Property

    29 Oct, 2012

    Hurricane Sandy is expected to have a devastating impact on life and property that are already struggling due to the Great Recession. However, according to the Philadelphia Business Journal,...

    Office Market Recovery Continues in Third Quarter

    26 Oct, 2012

    Office space demand across the country over the third quarter remained constant while absorption of available space continued to gain momentum. According to the CoStar Group's Third-Quarter 2012...

    Businesses Get New Finance Option for Energy Efficient Improvements

    25 Oct, 2012

    The San Diego, California City Council will again allow commercial property owners to finance water and energy efficient improvements. According to the North County Times, the Property Assessed Clean...

    Voters to Decide on Central Florida Business Tax Breaks

    24 Oct, 2012

    All five questions on the November 6th Florida ballot in five Central Florida cities would empower city commissions to offer tax breaks to build business in the area. According to the Orlando...

    Research Suggests Steady Gains in Commercial Real Estate

    23 Oct, 2012

    Growth in the job sector over the past few months should lead to similar results in commercial real estate going in to 2013. According to a forecast released last week by the Urban Land Institute...

    Midscale US Hotel Properties Enjoy Success

    22 Oct, 2012

    Midscale hotels across the United States are enjoying continued success due to strong absolute occupancies. According to Hotel News Now, year-to-date through August, midscale hotels had an occupancy...

    Idaho's Personal Property Tax Targeted

    19 Oct, 2012

    Predictions from the Senate claim that the 2013 Legislature will repeal Idaho's business personal property tax. According to the Idaho Statesman, the repeal will require the state to replace revenue...

    LA County Assessor Arrested after Yearlong Corruption Probe

    18 Oct, 2012

    As a conclusion to a yearlong investigation into influence peddling and dramatic reduction of property taxes for political allies, Los Angeles County, California assessor John Noguez was arrested...

    US Senior Housing Occupancy at a Four-Year High

    17 Oct, 2012

    Senior Housing claimed an 88.8% occupancy rate over the third quarter, up 0.2% from the second quarter and 0.8% from the previous year. According to REBusinessOnline.com, occupancy is now at a...

    Marion County Delaying Property Reassessment Notices

    16 Oct, 2012

    Marion County, Indiana will delay mailing out new property-assessment notices until mid-December due to an error affecting up to 5,000 homeowners. The error was a failure to factor in recent home...

    Denver Looks to Keep Tax Dollars in Order to Add to Budget

    15 Oct, 2012

    In the election next month, Denver, Colorado hopes voters will pass a measure that would allow the city to keep $68 million a year normally returned through the Taxpayers' Bill of Rights. According...

    Tech Firms Becoming REITs in Order to Cut Business Taxes

    12 Oct, 2012

    Technology firms are beginning to persuade governments that they are REITs in order to avoid paying taxes. According to The Wall Street Journal, certain companies are saving up to $400 million a year...

    Park Ridge Property Tax Appeals Could Cost City $40,000

    11 Oct, 2012

    A pair of Park Ridge, Illinois commercial property tax appeals could cost the city up to $40,000. According to The Chicago Tribune, the city Alderman approved unanimously a resolution to intervene on...

    Tax Group Ranks New York Last for Business

    10 Oct, 2012

    A new annual report from the Tax Foundation has ranked New York the worst state for its business tax climate. According to the Poughkeepsie Journal, despite moderate corporate taxes, New York scores...

    Contingent Fee Consultants Target Large Property Owners for Tax Increases

    9 Oct, 2012

    It is becoming common practice throughout Pennsylvania for taxing jurisdictions to delegate the tax assessment function to outside consultants. According to the National Real Estate Investor,...

    Office Sector Soft in Chicago Central Business District

    8 Oct, 2012

    Even though Studley's Q3 office report showed a vacancy decline to 17.2% from 17.6% for Chicago's Central Business District, things may not be as good as the numbers are portraying. According to...

    Proposition 116 Supporters Claim it Would Spur Hiring in Arizona

    5 Oct, 2012

    Supporters of Proposition 116 believe it would spur hiring by cutting back on property taxes that businesses in Arizona pay on everything they need to operate. According to KTAR.com, under current...

    The Future of the Nations Outmoded Malls

    4 Oct, 2012

    As changing demographics and buying habits continue to damage older, low-quality properties, the outlook does not look good for the future of America's outmoded malls. According to the CoStar Group,...

    Kentucky Tax Commission Gets Final Reports before Deadline

    3 Oct, 2012

    Kentucky's Blue Ribbon Tax Commission has spent several months going over the state's tax system and is close to finalizing a reformation to the state's tax code. According to WPFL News in...

    Washington D.C. Office Market Slows

    2 Oct, 2012

    An uncertain short-term economic outlook has caused leasing activity to slow and vacancies to rise in the Washington, DC office market. According to the Washington Business Journal, although the area...

    Paradigm Tax Group Acquires The Stallings Group

    2 Oct, 2012

    The property tax practices of Paradigm Tax Group and The Stallings Group have joined forces to form the Southeast region’s leading property tax consulting practice. “The combination of these two...

    Texas Economy Approaching Pre-Recession Levels

    1 Oct, 2012

    Comerica Bank's Texas Economic Activity Index showed a slight uptick up to 99.0 basis points for the overall health of the state's economy in July. According to the San Antonio Business Journal, the...

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