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.

    Nebraska Property Taxes Escalating at Alarming Rate

    29 Mar, 2013

    In 2012, only 8% of property taxes levied in York County, Nebraska were absorbed by new construction, with the remainder being passed on to property owners. According to York News Times, the trend of...

    $107 Million Tax Break Recommended for Baltimore Development Site

    28 Mar, 2013

    The Baltimore, Maryland Development Corp. has recommended a tax break of $107 million in order to finance improvements for Harbor Point, the largest private development site proposed in the city....

    Hotel Development Picking Up

    27 Mar, 2013

    Rising demand and low supply due to lack of development over the past half decade has allowed hotel construction to experience its first upswing in quite some time. However, according to the National...

    Texas Bill Offers Urban Agriculture a Boost in Property Tax Rates

    26 Mar, 2013

    Texas House Bill 1306 is hoping to fairly apply the rules governing how land used for agriculture is assessed when applied to smaller operations. According to the San Antonio Business Journal, the...

    Pending Legislation Could Lead to Dismissal of NC Reappraisals

    25 Mar, 2013

    A Bill to correct general reappraisals resulting in property values that do not comply with the requirements of North Carolina law is currently in committee after passing the first reading. Senate...

    The Potential Impact of Sequestration on Property Taxes

    22 Mar, 2013

    While financial reports indicate a recovering economy, February’s sequestration continues to cast a shadow over hopes of a full-fledged return to the booming economy of pre-downturn days....

    Idaho House and Senate Pass Personal Property Tax Repeal

    21 Mar, 2013

    The Idaho House has passed a bill that would exempt 90% of Idaho businesses from personal property taxes. According to MagicValley.com, the passage came after a short debate, with most lawmakers...

    Analysis of US Hotel Closures Over the Past Decade

    20 Mar, 2013

    Analysis of over 7,900 recently closed hotels across the United States provides detailed insight into some interesting trends within the industry. According to HotelNewsNow.com, as one might expect,...

    Senior Housing Developers Using Caution

    19 Mar, 2013

    Despite the overwhelming demand for senior housing space, development continues to lack, and is commonly blamed on tight financing. However, according to the National Real Estate Investor, the lack...

    Improving Commercial Real Estate Market to Benefit Developers

    18 Mar, 2013

    Despite under-performing compared to the housing market in 2012, commercial real estate is primed for a strong recovery in 2013. According to Marketwire, thanks to a robust recovery in the U.S....

    Recent Court of Appeals Rulings Level the Playing Field in North Carolina

    15 Mar, 2013

    Recent Court of Appeals rulings in favor of IBM and Parkdale America, LLC have given property taxpayers in the state of North Carolina hopes of a fair shake now and in the future. The rulings show...

    Shopping Center Fundamentals Improving at a Painfully Slow Pace

    14 Mar, 2013

    The last quarter of 2012 saw a continued snail's pace towards the recovery of the retail shopping center industry. According to the National Real Estate Investor, improvements in fundamentals were...

    Tax Structure in Texas Helps Businesses Gain an Advantage

    13 Mar, 2013

    All things considered, businesses large and small want to locate where they feel they have an edge on their competition. Geography is key as it relates to labor and infrastructure, however, recent...

    Certain North Carolina Reassessments May Be Illegal

    12 Mar, 2013

    In 2007, Brunswick County, North Carolina conducted a countywide revaluation and was scheduled to do so again in 2011. However, in 2008, the county raised taxable values by hundreds of thousands of...

    Improving Commercial Real Estate Environmental Performance

    11 Mar, 2013

    While the commercial real estate industry has taken great strides in reducing their carbon footprint, industrial plants and commercial buildings still account for 45% of the greenhouse gas emissions...

    Downtown Pittsburgh Class A Office Vacancy Below Five Percent

    8 Mar, 2013

    The Class A office market in downtown Pittsburgh, Pennsylvania is now the tightest in the country with less than five percent vacancy. According to the Pittsburgh Skyline Review for Spring 2013 by...

    Competing Personal Property Tax Repeal Measures in Idaho

    7 Mar, 2013

    The Idaho House is set to introduce two competing bills, one backed by counties, one by industry, which will cut the state's business personal property tax. According to magicvalley.com, Rep. Gary...

    Fairfax County's Commercial Property Owners Face Higher Taxes

    6 Mar, 2013

    Fairfax County, Virginia has proposed a 2-cent hike in the base real property tax, along with a 1.5-cent hike in the commercial and industrial (C&I) tax. According to the Washington Business Journal,...

    Medical Office Landscape Constantly Garnering Interest

    5 Mar, 2013

    Due to its traditionally lower vacancies and higher rents, the medical office market has generated investors' interest over the past decade like never before. According to GlobeSt.com, medical and...

    Corporate Cuts Lead to Smaller Office Spaces

    4 Mar, 2013

    One major casualty of the financial crisis has been huge, opulent corporate offices, which are now giving way to smaller spaces and cheaper rents. According to a researcher from Jones Lang LaSalle...

    Construction Spending Fell Unexpectedly in January

    1 Mar, 2013

    Slumps in nonresidential and government projects caused construction spending to fall 2.1% in January, the biggest such decrease since July 2011. This decline came in spite of a median predicted rise...

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