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.

    NYC Department of Finance Publishes 2014 Tentative Assessment Roll

    25 Jan, 2013

    For real estate property tax purposes, New York City reviews all properties on an annual basis. In doing so, last week the City released its 2013-2014 property valuations for both commercial and...

    Manhattan Commercial Property Values Damaged by Sandy

    24 Jan, 2013

    New York-area real estate executives are expressing pessimism about the current state and future of the commercial real estate market in Manhattan. According to MarketWire, the majority of real...

    Maryland Tax Credit Bill Aims to Spur Commercial Development

    23 Jan, 2013

    A new bill introduced by the General Assembly would allow commercial real estate developers in Maryland to claim state income tax credit for their projects. According to the Baltimore Business...

    Transaction Price Segregation vs. Purchase Price Allocation for Hotel Transactions

    22 Jan, 2013

    When buying an operating hotel, the real estate portion of the transaction is affected through recording a deed. In most states, a real estate transfer tax is imposed on the “price” paid for the real...

    Texas Schools Need More Funding, May Lead to Increased Values

    21 Jan, 2013

    Texas schools will run out of money unless legislators can come up with an additional $1 billion before the summer. The need for additional funding is expected to put more pressure on appraisal...

    U.S. Hotel Transactions Down 35% in 2012

    18 Jan, 2013

    Relevant data analyzed to date shows that the transaction market in 2012 slowed down considerably from the year prior. According to the Baltimore Business Journal, U.S. hotel transactions fell to...

    Easing Property Tax Burden for Texas Businesses

    17 Jan, 2013

    The Texas Taxpayers and Research Association is working on easing the property taxes levied on businesses by the state's school districts, counties, cities and special-purpose taxing units. According...

    Washington, DC Commercial Activity Won't Excite in Early 2013

    16 Jan, 2013

    As the final bow is being put on the 2012 Washington, DC commercial real estate market, the focus turns to 2013, and the outlook is pretty unexciting. According to The Washington Post, this should...

    Distressed Hotel Deals Still Abound Despite Recovery

    15 Jan, 2013

    Distressed hotel deals are still very prevalent despite the strides towards recovery the market has recently experienced. According to HotelNewsNow.com, brokers, buyers and bank officials all said...

    Data Centers Making Strides towards Energy Efficiency

    14 Jan, 2013

    Industry professionals are starting to succeed in creating greener data centers in hopes of turning around their reputation as energy hogs. According to the National Real Estate Investor, U.S. Green...

    Allegheny County Assessment Appeals Could Be Coming in 2013

    11 Jan, 2013

    Allegheny County, Pennsylvania Executive Rich Fitzgerald has proposed a one-time change to the administrative code to give property owners a chance to challenge their new assessments in 2013....

    Indianapolis Commercial Real Estate Could See a Strong Year

    10 Jan, 2013

    Whether commercial real estate in Indianapolis has a breakout year or not depends on Congress and the President settling their differences on federal taxes and the budget. According to INDYSTAR.com,...

    For Fifth Consecutive Quarter, U.S. Malls See Decline in Vacancies

    9 Jan, 2013

    After a year of slight improvements in regional mall vacancies and rents, the trend is likely to continue in 2013. According to Reis Inc, vacancies declined and rents rose in the fourth quarter at...

    Boston's Taxable Value Increases as Real Estate Stabilizes

    8 Jan, 2013

    While the economy slowly but surely continues to improve, Boston, Massachusetts' 2013 taxable property values increased by 4.2%, more than double the growth of 2012. According to the Boston Business...

    Office Vacancy Rates Remain Stubbornly High

    7 Jan, 2013

    With office vacancies always being a good indicator of whether businesses are growing and feeling comfortable, recent results don't bode well for the industry. According to The Slant, fourth-quarter...

    Is More Upside Expected in San Francisco Commercial Real Estate?

    4 Jan, 2013

    2012 was a year of across-the-board positive fundamentals for the San Francisco, California commercial real estate market. Looking forward to 2013, the dramatic climb is not expected to continue at...

    California Could Switch Proposition 13 Tax Burden to Businesses

    3 Jan, 2013

    Democrats in Sacramento, California are leading a charge to change Proposition 13, which has kept commercial and residential property taxes extremely low by only reassessing values when the property...

    North Carolina Court of Appeals Ruling Impacts Complex Valuation

    2 Jan, 2013

    At its August Hearing, the North Carolina Court of Appeals reversed the third Property Tax Commission (“PTC”) final decision and remanded the case back to the PTC reducing the assessment of IBM’s...

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