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.

    Overall Retail Fundamentals on the Rise for First Time Since 2008

    31 May, 2013

    Perhaps the hardest hit sector by the great recession, retail may finally be seeing a consistent strengthening in fundamentals. According to the National Real Estate Investor, during the first...

    Virginia House Bill 1598 Provides Fair Treatment during Appeals

    30 May, 2013

    On March 12, 2013, the Virginia General Assembly passed House Bill 1598, making things easier on taxpayers and providing fairer treatment for property owners facing appeals. This taxpayer-friendly...

    $90.3 Million Property Tax Deduction for those Impacted by Sandy

    29 May, 2013

    New York City Mayor Michael Bloomberg has announced a $90.3 million property tax reduction for homes and businesses affected by Hurricane Sandy. According to LoanSafe.org, the reduction is a result...

    Legislature Extends School Tax Breaks for Companies in Texas

    28 May, 2013

    The Texas legislature has extended school property tax breaks eight additional years in order to continue to encourage businesses to relocate or expand in Texas. According to statesman.com, the tax...

    Pitfalls in the Redemption of Property by Lenders

    24 May, 2013

    In an article entitled “Pitfalls in the Redemption of Property by Lenders” published in the BABC’s Real Estate Finance Newsletter, a recent ruling by the Alabama Court of Civil Appeals is discussed....

    Iowa Senate Approves Commercial Property Tax Cuts

    23 May, 2013

    Iowa is one step closer to cutting commercial property taxes as the State Senate approved a compromise plan in a 43-6 vote. The plan, which will now move to the House for approval, will gradually...

    Tax-Free Zones Proposed by New York Governor

    22 May, 2013

    In an effort to create jobs, New York Governor Andrew Cuomo has unveiled plans for a series of tax-free zones on the state's public university campuses. According to TimesUnion.com, the tax-free...

    Retail Development Back on the Horizon

    21 May, 2013

    Rumblings coming out of ICSC's RECon event in Las Vegas, in which Paradigm Tax Group is in attendance, is that new retail development is no longer a pipe-dream, but a tangible possibility as industry...

    Minnesota Tax Bill Includes Cap on Property Tax Hikes

    20 May, 2013

    Several cities and counties in Minnesota will soon see a big increase in their state aid, and in return, they will be required to tamp down property taxes. A wide-reaching tax bill finalized over the...

    Led by Multi-Family, CRE Saw More Deals than Expected in Q1

    17 May, 2013

    Commercial real estate performed better than expected in the first quarter of 2013, with excess of $63 billion in transactions taking place nationwide. According to GlobeSt.com, due to anticipated...

    Regions Reliant on Government Spending Take Hits

    16 May, 2013

    Sequestration and its $85 billion in federal budget cuts planned for this year will bring significant challenges on the U.S. economy and the commercial real estate recovery. According to the National...

    Overbuilding and Value the Top Concerns in Student Housing

    15 May, 2013

    The reoccurring themes at the RealShare Student Housing conference this week in Irving, Texas were concerns about overbuilding and the search for perceived value in the segment. According to...

    Bill Would Tighten Tax Incentives on Pollution in Florida

    14 May, 2013

    The Florida Legislature has approved a bill that would cause businesses to no longer receive state tax breaks because of perceived pollution on their properties. According to the Orlando Sentinel, in...

    Providence Commercial Tax Rates Highest in the U.S.

    13 May, 2013

    Providence, Rhode Island property owners paid the highest commercial property tax rates in any of the nation's 53 biggest cities in 2011. According to the Lincoln Institute of Land Policy and the...

    Tucson All-In on Downtown Business Incentives

    10 May, 2013

    Tucson, Arizona City Council has voted in favor of an incentive that when finished will waive property taxes for a multi-million dollar downtown development. According to Inside Tucson Business, the...

    Hotel Industry Expected to Heat Up over the Summer

    9 May, 2013

    Hotels are reporting a significant year-over-year increase in advanced bookings for the summer months. According to HotelNewsNow.com, not only is demand up, but most hoteliers say pricing power has...

    Georgia Governor Signs Fulton County Property Tax Cap Bill

    8 May, 2013

    Georgia Governor Nathan Deal has signed House Bill 604 this week which would prohibit Fulton County from raising property tax rates for the next two years. According to The Atlanta...

    High Leverage in Commercial Real Estate Becoming a Concern

    7 May, 2013

    According to the National Real Estate Investor, commercial properties are taking on larger and larger loans relative to their stabilized income - and that could mean trouble down the road. A first...

    Flood of New Jersey Property Tax Appeals Exposes Flawed System

    6 May, 2013

    The April 1 deadline for New Jersey property owners to challenge their property taxes saw about 116,000 appeals, the highest total in over 20 years. One main reason that the number of appeals were...

    Office Demand Still Catching Up With Job, Business Growth

    3 May, 2013

    Although the average employment rate of nationwide office is growing at a little over 2%, demand for that space grew at half that rate during the first quarter. According to the CoStar Group, despite...

    Property Taxes in Texas Bring Economic Advantages

    2 May, 2013

    Despite its unpopularity among Texans, property tax collections might bring more economic advantages than once thought. While Texas property owners argue that an expanded sales tax would have a more...

    Medical Offices Grow in Favor among Net Lease Investors

    1 May, 2013

    Demographics, federal legislation and technological advances are all working in favor of medical office, generating growing attention from net lease investors. According to the National Real Estate...

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