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.

    Seattle Office Market Strongest in Country

    31 Oct, 2013

    The Seattle, Washington-area office market has experienced a steady decline in vacancy rates and a rise in direct asking rents, two indicators of strength and economic upturn, setting it apart from...

    Hospitality, Travel Industry Suffering Consequences from Gov't Shutdown

    30 Oct, 2013

    On October 17, there was nationwide sigh of relief as the 16-day government shutdown finally came to an end. While totaling the damage from the federal gridlock will be an ongoing process, the...

    Atlantic City Facing Bankruptcy?

    29 Oct, 2013

    Atlantic City, New Jersey city officials say the city could be facing bankruptcy after the New Jersey Tax Court ruled in favor of Borgata Hotel Casino & Spa's (the city's largest employer and...

    Oregon Enterprise Zone Exemptions Lack Transparency

    28 Oct, 2013

    Hillsboro, Oregon's computer data centers (both open and in construction) receive major tax breaks when they are located in enterprise zones, but require little public accountability and disclosure....

    New York Comptroller Reports High Percentage of Tax Exempt Property

    25 Oct, 2013

    In a recent report from New York Comptroller Thomas DiNapoli, it was found that more than a quarter of New York state's real property is exempt from the tax rolls. The total value of non-taxed...

    Casino Ruling Puts Atlantic City Tax Base at Risk

    24 Oct, 2013

    Commercial, industrial and residential property owners in Atlantic City, New Jersey are facing an even greater property tax burden as casinos threaten to drive down their assessment values. In the...

    Amazon Project in Baltimore Receives Incentives, Creates Sales Tax

    23 Oct, 2013

    On Tuesday, Amazon, Inc. announced plans to build a 1 million-square-foot warehouse in Southeast Baltimore. Government incentives, of course, came along with the plans projected to create 1,000 jobs....

    Colorado Small Businesses and Individual Taxpayers Face $1B Tax Increase

    22 Oct, 2013

    With the November 5, 2013 voting date quickly approaching, Colorado's Amendment 66, a $950 million tax increase for education, continues to be a controversial topic. The amendment would increase...

    Wichita Doubles Property Tax Exemptions for Businesses to Combat Job Loss

    21 Oct, 2013

    Still reeling from the loss of thousands of jobs due to the 2008 recession, Wichita, Kansas has doubled the amount of property tax exemptions granted to businesses, from roughly $11 million in 2009...

    U.S. Property Investors Pause Despite Leasing Momentum

    18 Oct, 2013

    Despite businesses continuing to lease office, industrial and retail space with more momentum, prices for U.S. commercial property plateaued in August, according to CoStar Group, a leading commercial...

    Houston Property Tax Rate Remains the Same, Revenues to Increase

    17 Oct, 2013

    The property tax rate in Houston, Texas will remain at the current rate, after the City Council voted on Wednesday. Although the rate will be the same, $.63875 per $100 of taxable value, it will...

    Baltimore's Industrial Sector is Soaring

    16 Oct, 2013

    With activity soaring in the Baltimore, Maryland industrial sector, the city has become one of the strongest second-tier markets in the country, according to the Baltimore Business Journal. In just...

    Santa Clara County's Property Value Growth Highest in State

    15 Oct, 2013

    A thriving economy in Santa Clara County, California has lead to the highest property value growth in the state. According to San Jose Mercury News, California's State Board of Equalization announced...

    Nashville Hotel Market is Booming

    14 Oct, 2013

    The hotel market in Nashville, Tennessee is experiencing a development boom, thanks to the opening of the Music City Center, a brand new 1.2-million square foot convention center, located just a...

    Texas Property Tax System Increases Transparency, Accountability

    11 Oct, 2013

    In an effort to address complaints about the Texas property tax system, House Bill 585, authored by San Antonio Rep. Mike Villarreal (D) and Austin property tax agent Jim Popp, is an attempt to...

    New York has Nation's Worst Business Tax Climate

    10 Oct, 2013

    According to the Tax Foundation's annual report, New York ties New Jersey for the worst business tax climate in the country. This is the second consecutive year New York has ranked the lowest of the...

    Allegheny County to Maintain Property Tax Rate in 2014

    9 Oct, 2013

    Good news for Allegheny County residents: there will not be an increase in property taxes in 2014. On Tuesday, county Executive Rich Fitzgerald proposed an $817.3 million operating budget to County...

    Demand, Inventory on the Rise in Sacramento Multifamily Properties

    8 Oct, 2013

    For the next six months, it is expected that multifamily properties in Sacramento, California will continue adding value and inventory. Although still behind the economic growth seen in the Bay Area,...

    Government Shutdown Disrupts Travel Industry

    7 Oct, 2013

    As the government shutdown continues, it is taking a toll on the leisure and business travel industry throughout the country. From the Statue of Liberty to the Grand Canyon National Park (which...

    Shutdown Threatens Utilities with Financial Hit

    4 Oct, 2013

    Major utility companies in Washington D.C. including Washington Gas, Dominion Virginia Power and Pepco are threatened by a temporary hit in earnings if the federal shutdown continues for an extended...

    New Jersey Commercial Real Estate Market in Upswing

    3 Oct, 2013

    The New Jersey commercial real estate market is gaining momentum for the first time since its recession. Economists forecast improvements in the state's leasing of office, industrial and retail...

    Construction Spending Unknown Due to Government Shutdown

    2 Oct, 2013

    Last month, construction spending reached a four-year nationwide high of $901 billion. However, this month's figure remains unknown. According to the Baltimore Business Journal, the Associated...

    Texas Commercial Property Owners Get Appeal Advantages

    1 Oct, 2013

    Commercial property owners successfully appealing their tax valuations are on the rise in Austin, Texas, putting the burden on homeowners to make up for the shrinking tax base. As one of only four...

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