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.

    Paradigm Tax Group Acquires Sage Tax Group

    28 Jun, 2013

    Paradigm Tax Group is proud to announce the recent acquisition of Sage Tax Group. The collaboration of Arizona’s top market leaders enhances Paradigm’s presence as the Southwest region’s most...

    New Jersey Assembly Approves Bill to Help Stabilize Property Taxes

    27 Jun, 2013

    The New Jersey General Assembly has approved the Corporate Disinvestment Property Tax Relief Act to avoid property tax hikes following a business's departure. According to The Paramus Post, the...

    Climbing Interest Rates Could Bring a Halt to Rising Property Values

    26 Jun, 2013

    The rise in interest rates over the past several weeks is threatening to halt the four year gains in commercial real estate values. According to The Wall Street Journal, until recently, the low-rate...

    Data Centers Filling Large Vacant Retail Space

    25 Jun, 2013

    Sears has announced a plan to convert vacant stores into server warehouses, a move that continues the trend of filling empty Big Box retail with non-traditional tenants. According to the CoStar...

    Paradigm Tax Group Acquires Donald C. Walker & Associates

    24 Jun, 2013

    Paradigm Tax Group is pleased to announce the acquisition of Donald C. Walker & Associates, Inc., a Dallas firm specializing in the administration of property tax appeals. Paradigm’s relationship...

    District of Columbia Tax Burden High for Businesses

    24 Jun, 2013

    The District of Columbia, when compared to the 50 states, brings in the second-highest per capita tax revenue. According to the Washington Business Journal, the District's business income and...

    Obsolescence Case in North Carolina Good News for Property Owners

    21 Jun, 2013

    Things just got easier for North Carolina business property owners. The North Carolina Supreme Court recently refused to hear a case that’s been in the courts for over decade—signaling good news for...

    No Cause for Oversupply Concern among US Hotels

    20 Jun, 2013

    The amount of active hotels in the United States is up 11.6% over the same time last year, while the number of hotel rooms under construction is up 22.4% over the same time-frame. According to...

    Six ways DC can Extract Revenue from Tax-Exempt Properties

    19 Jun, 2013

    The District of Columbia yields close to $1.2 billion in annual revenue through property tax exemptions that are all but out of their control. According to the Washington Business Journal, the...

    Nashville Commercial Property Values Climb in Latest Assessment

    18 Jun, 2013

    The latest appraisal by the Davidson County Assessor, which occurs every four years, shows a significant increase in value for Nashville, Tennessee commercial properties. According to Davidson County...

    Northwest Texas Hotel Industry Facing Big Property Tax Increase

    17 Jun, 2013

    Temporary employment resulting from the increase in oil exploration and drilling activity has caused a great benefit for many local businesses in Northwest Texas. Hotels and motels across the area...

    Michigan Senate Passes Bill to Eliminate Property Tax Loophole

    14 Jun, 2013

    The Michigan Senate has passed Senate Bill 114, legislation that would eliminate the loophole allowing property owners to use occupancy rates in order to avoid paying property taxes. According to the...

    The Complications of Property Tax Relief in Minnesota

    13 Jun, 2013

    With the highest commercial/industrial property taxes in the country, Minnesota businesses pay for 31% of the total state property value. According to the Austin Daily Herald, every year legislators...

    New Methods in Quantifying Business Enterprise Value

    12 Jun, 2013

    When it comes to the hospitality sector, business enterprise valuation (BEV) methodology remains a controversial debate in regards to property valuation. For property tax assessment and taxation...

    IRS Studying Definition of 'Real Estate' for REIT Purposes

    11 Jun, 2013

    The Internal Revenue Service is gearing up to take a closer look into the process of firms attempting to convert to real estate investment trusts (REIT). According to the CoStar Group, the IRS has...

    Rise in Property Taxes Cuts Tampa Budget Deficit

    10 Jun, 2013

    Tampa, Florida has been able to cut its likely budget deficit in 2014 by over a third through the raising of property values. According to The Tampa Tribune, earlier this year, city officials had...

    Commercial Real Estate Close to Full Recovery Mode

    7 Jun, 2013

    Commercial real estate is steadily making strides as demand continues to rise, vacancies shrink, developers gain confidence, and lenders approve deals. However, according to Investors.com, experts...

    UPDATE: Iowa Commercial Property Tax Cuts Official

    6 Jun, 2013

    The Iowa House has officially approved a compromise plan, recently passed by the Senate, to cut commercial property taxes. Governor Terry Branstad will sign the legislation designed to reduce...

    Apartment Units Getting Smaller, Drawing Interested Tenants

    5 Jun, 2013

    Newly developed apartment units keep getting smaller and smaller, much to the delight of tenants, particularly those in large cities. According to GlobeSt.com, renters of varying demographics are...

    Nonresidential Construction Posts Gains

    4 Jun, 2013

    The U.S. Census Bureau has reported gains in nonresidential construction during April, a glimpse of recovery in the industry. However, according to the Dayton Business Journal, the level of...

    Tax Breaks for Enterprise Zones in Ohio still Endure despite Criticism

    3 Jun, 2013

    Thirty years ago, Ohio created enterprise zones in order to help distressed areas attract investors by offering property tax exemptions. While they were designed to only last 10 years, political...

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