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.

    Washington D.C. Collects $6.6M during Tax Sale, Still Owed $18M

    31 Jul, 2013

    The District of Columbia collected $6.6 million in back taxes through the sale of liens on 965 properties during its recently concluded tax auction. According to the Washington Business Journal, the...

    Ohio Tax Credit Authority Deals to Create 624 Jobs

    30 Jul, 2013

    Led by a couple of distribution center projects, the Ohio Tax Credit Authority approved five deals to help create 624 jobs in the Columbus region. According to Columbus Business First, the biggest...

    Detroit Property Tax Appeals on Hold amid Bankruptcy

    29 Jul, 2013

    Hundreds of refunds are on hold for Detroit, Michigan property owners appealing their taxable values as a result of the city's filing for bankruptcy. According to The Detroit News, U.S. Bankruptcy...

    Detroit's High Property Taxes a Major Relocation Driver

    26 Jul, 2013

    Detroit's above-average property tax rates for homeowners and businesses are major contributing factors to the mass exodus from the city. With nationwide business property taxes exceeding $229...

    Indiana Changes Property Tax Cap Law on Multi-Family Properties

    25 Jul, 2013

    A change to the property tax cap law on commercial residential property in Indiana will benefit apartment complexes at the expense of local government revenue. According to WBAA.org, the common areas...

    Hotel Conversions: An Alternative Growth Strategy?

    24 Jul, 2013

    While hotel construction remains stagnant, alternative growth plans have been considered by hotel owners to revitalize properties and appeal to new guests. Since 2010, hotel conversions have...

    U.S. Hotel Occupancy Fell in June, RevPAR Increased

    23 Jul, 2013

    The U.S. hotel industry showed mainly positive results in three key performance fundamentals during the month of June. According to data from STR Global, when comparing data year-over-year, overall...

    Downtown Louisville Class A Office Vacancies Remain High

    22 Jul, 2013

    While class A office occupancy in downtown Louisville, Kentucky did not increase during the second quarter, it remained relatively flat and at dangerous levels. According to the Louisville Business...

    Detroit Files for Bankruptcy

    19 Jul, 2013

    Detroit, Michigan has filed the largest municipality bankruptcy case in the nation's history, ultimately succumbing to the pressures of massive population loss, a shrinking tax base and financial...

    Los Angeles County Taxable Property Value Up 5% over Last Year

    18 Jul, 2013

    The 2013 Los Angeles County Assessment Roll totaled more than $1.13 trillion in taxable property value, up 4.66% from last year. According to SCVNews.com, from 2007 through 2010, the economic...

    Missouri's Historic Tax Credits Stay Flat in 2013

    17 Jul, 2013

    For the fourth straight year, historic tax credits levied out in the state of Missouri remained flat in the mid-ninety million dollar range. According to the St. Louis Post Dispatch, the credits,...

    Court Ruling Offers Property Tax Exemption for Computerized Equipment

    16 Jul, 2013

    A recent court decision in Wisconsin could have a significant impact on the property tax assessments of business owners and operators who have large investments in computerized equipment. According...

    One Year Later, Still No Revisions to Errant Baltimore Property Tax Bills

    15 Jul, 2013

    Early last summer, the Maryland assessment agency acknowledged making several miscalculations on certain tax breaks for big Baltimore commercial properties. The errors cost the city over $1.5 million...

    Florida Law Eliminates Tax Break for Developers

    12 Jul, 2013

    For the past two years, some Florida low-income housing developers in Orange County have been able to take advantage of a tax break originally meant exclusively for nonprofit housing groups...

    San Francisco Property Owners to See Higher Property Taxes

    11 Jul, 2013

    After a significant year-over-year rise in property values, San Francisco, California property owners should expect to see increases in their property taxes this year. According to CBS SF Bay Area,...

    Colorado's Commercial Real Estate Market Boosted by High Demand

    10 Jul, 2013

    In Colorado, demand for investment properties and lease-able space is currently outpacing supply. According to DenverPost.com, buyers of commercial real estate in the state are competing for a...

    New Jersey Tax Assessments down $4.3 Billion after Sandy

    9 Jul, 2013

    The devastation of Hurricane Sandy is responsible for reducing property values by $4.3 billion in New Jersey, with the majority of the loss based in Ocean and Monmouth Counties. The total value base...

    U.S. Office Vacancy Rate Hits 17 Percent

    8 Jul, 2013

    The U.S. office market continued to slowly recover as occupancy increased 7.2 million square feet last quarter, lowering the vacancy rate to 17%, down from 17.6% in mid-2010. A lack of white-collar...

    Deep Strength for Apartment Fundamentals

    3 Jul, 2013

    At this moment, apartment developers shouldn't be too concerned with over-supply as demand seems to be keeping up in the nation's hottest apartment markets. According to the National Real Estate...

    Unusually High Valuations on Houston Buildings in 2013

    2 Jul, 2013

    The Harris County Appraisal District has levied significant increases in valuations on Houston, Texas commercial real estate for 2013. According to the Houston Building Owners and Managers...

    Large Property Tax Hikes Coming for Some Chicago Building Owners

    1 Jul, 2013

    In an effort to relieve homeowners' property tax burden, several commercial buildings in the Chicago, Illinois central business district will see million-dollar plus property tax hikes in the mail....

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