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.

    Property Tax Exemption Ruling Could Have Major Ramifications for Nonprofit Hospitals in New Jersey

    30 Jun, 2015

    Issuing a decision that could have major statewide implications for the New Jersey health care industry, a New Jersey Tax Court judge has denied Morristown Medical Center's challenge to overturn the...

    All Washington County, PA Property Assessments Expected to Increase

    29 Jun, 2015

    Washington County, Pennsylvania is currently undergoing a reassessment of all properties. Tyler Technologies is conducting the countywide reassessment, and values will be set by July 1. Property...

    Is NYC Facing a Hospitality Industry Bubble?

    25 Jun, 2015

    Although New York City was short on hotel supply just a few years back, it could now be facing a bubble, according to pumped-up speculation and forces outside of the hospitality industry. A weak...

    Kansas Lawmakers Pass Conflicting Versions of Property Tax Lid Law

    24 Jun, 2015

    After concluding this year's 113-day legislative session, the longest in Kansas history, it turns out legislators aren't quite off the hook yet. Lawmakers inadvertently passed two conflicting...

    As American Retail Struggles, New Industries Are Taking Over Malls

    23 Jun, 2015

    American retail has been struggling in recent years, and traditional mall anchors Sears, Macy's, and JCPenney have shuttered hundreds of store locations across the country. Brands like Gap,...

    Texas Gov. Abbott Vetoes Business Tax Break Bill

    22 Jun, 2015

    Over the weekend, Gov. Greg Abbott vetoed a bill that would have made it easier for big corporations to win breaks on school property taxes and would have allowed a company to make one application...

    Tallahassee City Manager Seeks 27-Percent Property Tax Hike

    19 Jun, 2015

    In an effort to increase public safety, Tallahassee City Manager Anita Favors Thompson is seeking a 27-percent property tax increase, which will help pay for more police officers, fire fighters and...

    About 70 Percent of Pennsylvania School Districts Plan to Raise Property Taxes

    18 Jun, 2015

    According to a recent survey conducted by the Pennsylvania Association of School Business Officials and the Pennsylvania Association of School Administrators, about 70 percent of the state's school...

    Investors in Bidding War for Self-Storage Properties

    17 Jun, 2015

    A new bidding war is breaking out in the self-storage industry, as REITS and other investors are attracted to the sector's stable returns. A 97,000-square-foot self-storage facility in Orlando, Fla.,...

    California Supreme Court Rules That Developers Can Be Required to Include Affordable Housing

    16 Jun, 2015

    In an effort to tackle an affordable housing crisis of “epic proportions,” the California Supreme Court unanimously decided on Monday that cities and counties can require developers to sell some...

    Phoenix's 'Class A' Office Buildings Struggle With Vacancy Rates, Downward Pressure on Rent

    15 Jun, 2015

    Some of the Phoenix’s trophy Class A office buildings have higher vacancy rates than the market overall, as well as higher office vacancy rates than other Western U.S. cities such as San Francisco,...

    U.S. Multifamily Rental Rates Jump 6.5% in May

    12 Jun, 2015

    Three months in to 2015's peak leasing season, the multifamily sector is performing better than expected. Despite widespread concern of slowed rent growth due to new supply, affordability issues and...

    NYC Developers Concerned Over Future of Expiring 421a Property Tax Program

    11 Jun, 2015

    New York City’s 421a property tax program, which allows developers of rental apartments to reduce their real estate taxes on new projects for 10 to 25 years, has become the thorniest issue for...

    Hotel Performance Slows in US Oil, Gas Tracts

    10 Jun, 2015

    Hotels performance in major oil and gas markets has slowed due to a decline in U.S. oil prices, according to analysis by STR Analytics. Hotel development in oil and gas market tracts have accounted...

    Support Dwindles for Removing Commercial Properties from Prop 13 Tax Limits, Poll Finds

    9 Jun, 2015

    A new poll conducted by the Public Policy Institute of California found that support is dwindling for removing commercial properties from tax limits imposed by Proposition 13, the landmark property...

    Report: Downtown Pittsburgh’s Class A Office Vacancy To Rise Above 10 Percent by Mid-2018

    8 Jun, 2015

    The vacancy levels of downtown Pittsburgh’s Class A office market are expected to reach above 10 percent over the next three years, according to a new Skyline report by Jones Lang LaSalle, that...

    Pennsylvania Countywide Reassessment Information: Washington, Indiana, Lancaster and Blair Counties

    5 Jun, 2015

    Several counties in Pennsylvania are in the process of conducting countywide real property reassessments. If you own property in Indiana County, Lancaster County, Washington County, and/or Blair...

    California Aircraft Property Assessment Reform Bill Stirs Controversy

    4 Jun, 2015

    California Senate Bill 661 has come under a lot of controversy, as the bill would strip counties of their authority for assessing taxes on the planes that airlines fly in the state, giving that...

    Businesses to Bear Burden of Chicago's 'Inevitable' Property Tax Hike

    3 Jun, 2015

    As Chicago grapples with massive budget problems, it is very likely be a property tax increase will be the solution. While bringing a casino to Chicago, increasing fees, expanding the sales tax, and...

    Outlook Improves for D.C. Office Market

    2 Jun, 2015

    The future is looking positive for the Washington, D.C. office sector as development slows, the economy improves, and millenials move into the city. Office leasing skyrocketed between 2009 and 2006...

    All Properties in Nassau County Will be Reassessed

    1 Jun, 2015

    For the first time since property values were frozen more than four years again, Nassau County is set to conduct a reassessment of every residential and commercial property. New values were to...

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