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.

    Hotel Transactions: The Rise in Activity and Tools to Help Minimize Taxes

    30 Apr, 2013

    The real estate market has significantly improved since the beginning of the Great Recession, as indicated by recent year-end reports, such as the ULI Emerging Trends 2013. As the U.S. continues to...

    Property Tax Exemption for Renewable Energy Passes CT Senate

    29 Apr, 2013

    A Bill that would exempt commercial and industrial renewable generation equipment from property tax in the state of Connecticut has passed the State Senate. According to Power Engineering, Senate...

    Entertainment Tenants not Going Away, but still can't Save Retail

    26 Apr, 2013

    Retail owners and operators are continuing to look towards entertainment and restaurant tenants to fill spaces left vacant by failing traditional retailers. According to the National Real Estate...

    Final Property Tax Bill Advances in Montana House, Senate

    25 Apr, 2013

    A proposed bill to lower the property tax on business equipment has advanced in the Montana House and Senate this week. According to the Missoulian, Senate Bill 96 aims to exempt from property taxes...

    Enforcing “Transparency” in CA Property Tax Consulting Industry

    24 Apr, 2013

    Due to the on-going political scandal in the Los Angeles County Assessor’s Office and the backlash of negative press resulting from the case, the Los Angeles County Board of Supervisors has proposed...

    Another Assault on Proposition 13?

    23 Apr, 2013

    In an effort to potentially raise billions of dollars in commercial property tax, California lawmakers are considering making controversial changes to Proposition 13. Under current law, dating back...

    The Sequestration Impact on Hotel Performance is Picking up Steam

    22 Apr, 2013

    Budget sequestration has yet to impact U.S. hotel properties, but experts predict the effects will be more prevalent as we get farther into 2013. According to HotelNewsNow.com, the $85 billion in...

    First Quarter Investment Sales Down in New York City

    19 Apr, 2013

    559 properties sold to a tune of $6.5 billion in the first quarter marked a significant decline in New York City real estate investment. According to the National Real Estate Investor, these figures...

    Real Estate Executives Optimism Hits Record High Since Downturn

    18 Apr, 2013

    Real estate executives across the nation are showing record-high optimism since the collapse of the financial market five years ago. According to a survey conducted at Akerman Senterfitt's U.S. Real...

    New York City's Expired Property Tax Abatement Still Costing Millions

    17 Apr, 2013

    The New York City Industrial and Commercial Incentive Program for property tax abatements may have died in 2008, but it is still stalking the City's finances to the tune of over $650 million this...

    Iowa Senate Approves $250 Million in Commercial Property Tax Relief

    16 Apr, 2013

    The Iowa Senate has approved a $250 million commercial property tax credit plan aimed to help smaller and main street businesses. According to the Sioux City Journal, backers say the measure would...

    Secondary Commercial Real Estate Markets Begin to Reemerge

    15 Apr, 2013

    While the top real estate markets across the nation continue to benefit from favorable demographics and an improving economy, tech and energy booms along with population shifts are allowing the...

    U.S. Land Getting More Expensive

    12 Apr, 2013

    The demand and prices for land lots all across the nation continues to rise as the economy steadily improves. According to The Wall Street Journal, the rebounding housing market has sparked a sharp...

    Commercial Real Estate Market Shows Signs of Stability for Investors

    11 Apr, 2013

    Commercial real estate continues its consistent growth despite the sluggish economy and indecision of governmental sequestration. According to the CCIM Institute's Quarterly Market Trends Report, in...

    Plan to Increase DC Tax Assessment Accuracy May Have Holes

    10 Apr, 2013

    While most property owners would welcome a plan to increase the accuracy of tax assessments, the legislation currently pending before the Council of the District of Columbia features some changes...

    Transfer Tax Refunds Available in the City of Philadelphia

    9 Apr, 2013

    Taxpayers that paid Pennsylvania or Philadelphia real estate transfer tax on certain transactions involving real property located in Philadelphia during the period of July 1, 2012 through January 5,...

    Future of Commercial Real Estate Full of Uncertainty

    8 Apr, 2013

    Due to the fact that the present day workforce doesn't need to be near each other to get things accomplished anymore, there seems to be almost nowhere for office and retail demand to go but down....

    Rising Real Estate Values not Helping US Cities Revenues

    5 Apr, 2013

    The gradual real estate recovery across the nation has yet to lift the property tax revenue of many cities, a bad sign for municipalities that rely on taxes as their chief source of income. According...

    Demographic Trends Lead Investor Interest to Alternative Assets

    4 Apr, 2013

    Due to lack of confidence in the future performance of traditional commercial real estate property types, many investors are beginning to set aside capital for alternative assets. According to the...

    North Dakota House Approves Bill Requiring Vote Before Tax Breaks

    3 Apr, 2013

    The North Dakota House has approved a bill that will require voter approval before tax exemptions can be granted to retail sector businesses. According to The Bismarck Tribune, the original state law...

    Boston Tax Abatement Applications Continue to Drop

    2 Apr, 2013

    Boston, Massachusetts property tax abatement applications have decreased by 38.1% over the past three years to 2,349 in 2013. According to Banker & Tradesman, even though business value increased by...

    Construction Spending Rebounded in February

    1 Apr, 2013

    Construction spending bounced back in February after a lackluster start to the year. According to data by the Associated General Contractors of America, gains took place in almost all monthly and...

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