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.

    Daytona Property Tax Rate Likely to Increase

    30 Aug, 2013

    Unfortunately for Daytona Beach, Florida property owners, city commissioners are considering increasing the property tax rate for the first time in six years. During a city budget meeting on...

    Opportunities Arise with Hospitality Market Upswing

    29 Aug, 2013

    For the first time since the Great Recession, the U.S. hospitality market is in an upswing, nearing peak levels of the hotel real estate economic cycle. In fact, the outlook is looking even stronger...

    Cook County Eases 6B Property Tax Incentive Rules

    28 Aug, 2013

    Cook County, Illinois commissioners adopted new laws that lessen the rules for commercial and industrial property owners to receive 6B tax breaks. The tax incentive ordinance drops the tax rate for...

    Commercial Real Estate Market Forecast is Promising

    27 Aug, 2013

    The National Association of RealtorsĀ® (NAR) quarterly commercial real estate forecast shows steady, moderate growth in the market. Modest rent growth in addition to lower vacancy rates in commercial...

    Philadelphia Overhauls Tax Delinquency Enforcement

    26 Aug, 2013

    Philadelphia, Pennsylvania suffers from one of the worst property tax delinquency epidemics in the nation. The issue has been going on for decades, and Philadelphia's property tax delinquency tab...

    Bankruptcy Judge Allows Detroit Property Owners to Proceed with Appeals

    23 Aug, 2013

    A U.S. bankruptcy judge in Detroit, Michigan confirmed on Thursday that property tax appeals will be heard, despite the city's bankruptcy and hundreds of refunds put on hold for property owners...

    New LA County Chief Deputy Assessor to be Appointed

    22 Aug, 2013

    After last year's scandal in which LA County Assessor, John Noguez, one of his top aides, and a tax consultant faced allegations that they traded bribes for lower property tax bills, the Los Angeles...

    US Non-Residential Construction Not Likely to Rebound in 2013

    21 Aug, 2013

    The commercial real estate rebound has fallen relatively flat in 2013, leading many to believe developers won't truly begin to benefit until next year. According to the International Business Times,...

    Struggling Harrah's in Reno Wins Cut in Tax Assessments

    20 Aug, 2013

    The Harrah's resort in Reno, Nevada received a lower taxable value from the Board of Equalization, though not to the extent they hoped. According to the Las Vegas Sun, the Assessor set the value of...

    Silicon Valley Commercial Real Estate Boom Driven by Tech

    19 Aug, 2013

    Nearly 6 million square feet of office space is being developed or renovated currently in Silicon Valley, California, more than double the activity of a year prior. According to the San Jose Mercury...

    Minnesota Property Taxes Decreasing for First Time in a Decade

    16 Aug, 2013

    Property taxes in Minnesota are projected to decrease for the first time since 2002. According to AitkinAge.com, a new state budget will provide increased aid to local governments, sales tax...

    Marriott Case Leads to Lessons Learned in Hotel Incentives

    15 Aug, 2013

    The Austin, Texas City Council has withdrawn over $3.8 million in incentives granted to White Lodging Development Services for construction on a 1,000-plus room Marriott hotel. According to Hotel...

    Mecklenburg County, NC Approves Revaluation Plan

    14 Aug, 2013

    In order to correct the 2011 countywide revaluation, the Mecklenburg County Board of Commissioners approved the implementation of the revaluation plan as required by North Carolina Senate Bill-159....

    Chicago Business Tax Incentives Drive Mostly Expansion

    13 Aug, 2013

    Over 70 percent of Chicago-area Municipalities attract businesses through tax incentives, but only rarely do they attract firms from other states or assist a new business. According to the Chicago...

    New York's High Property Taxes Costing the City Jobs

    12 Aug, 2013

    Under Mayor Michael Bloomberg, New York City's property taxes have been the fastest growing component of city tax collections, up 110 percent since 2002. According to City Journal, to an extent, the...

    50 Percent Tax Abatement for Kansas City High-Rise on Agenda

    9 Aug, 2013

    One final incentive hurdle remains for the developers of a high-rise apartment complex in Kansas City, Missouri's Power & Light District. According to the Kansas City Business Journal, Kansas City's...

    Commercial Real Estate Brokers See Continued Recovery in Chicago Market

    8 Aug, 2013

    An increase in the number of commercial real estate sales, leases and developments in Chicago, Illinois are showing signs of a recovering market, according to reports from RE/MAX commercial real...

    Arguments against Baltimore's Harbor Point Incentives

    7 Aug, 2013

    Downtown Baltimore, Maryland property owners are opposing the $107 M tax incentive being levied to the proposed Harbor Point development. According to the Baltimore Business Journal, there are six...

    Atlanta Apartment Values Continue Strong Recovery

    6 Aug, 2013

    Across the entire Atlanta-area, apartment values are continuing their strong recovery, highlighted by three recent above-market multi-family transactions spread throughout the area. According to the...

    Uncollected Business Property Taxes in Jefferson County near $3M

    5 Aug, 2013

    Jefferson County, Alabama is missing out on nearly $3 million in uncollected property taxes due to the lack of agents on staff. According to AL.com, the unpaid and uncollected money means that the...

    Construction Spending Cooled Off in June

    2 Aug, 2013

    Construction spending across the United States retreated in June, but is still up year-over-year. According to Albuquerque Business First, total construction spending cooled to $884 billion in June,...

    Investors Bullish On Real Estate Projects in Minneapolis-Saint Paul

    1 Aug, 2013

    Investors have recently been expressing significant interest in all sectors of Minneapolis-Saint Paul, Minnesota commercial real estate. According to the StarTribune, investment capital remains...

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