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.

    Real Estate Industry, City Business Groups Disagree on NYC Property Tax Cap

    28 Jan, 2016

    During an Albany budget hearing Wednesday, upstate Republicans and the Independent Democrats discussed the possibility of extending the state’s property tax cap to New York City. While the Real...

    Lawmaker to Introduce Property Tax Slowdown for Savannah Businesses

    27 Jan, 2016

    New legislation is being introduced in an effort to combat rapidly rising commercial property assessments in Savannah, Georgia. In a meeting with visiting Mayor Eddie DeLoach and members of the City...

    Houston Gushing With Empty Offices Amid Low Oil Prices

    26 Jan, 2016

    It’s not a great time to own an office building in Houston, as companies are looking to unload workspaces as the local economy suffers from oil prices dropping to around $30 a barrel. Leasing has...

    New York City's 421a Property Tax Program Expired Until Construction Wage Agreement Met

    22 Jan, 2016

    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 in exchange for affordable housing in...

    Vacancy Rates Rising in Many Downtown Apartment Submarkets Due to Overbuilding

    20 Jan, 2016

    As multifamily developers continue to concentrate in central and secondary business districts in cities across the country, many submarkets in downtown areas are at risk of overbuilding. Although...

    New York City Property Values Surpass $1 Trillion

    18 Jan, 2016

    New York City property values have surpassed $1 trillion for the first time ever, according to new preliminary tax rolls released Friday. The total market value of taxable property rose to $1.072...

    Is Medical Office Demand Plateauing?

    15 Jan, 2016

    While medical office buildings will continue to post strong occupancy stats into the New Year, industry executives are concerned the volatility in the health care sector, stemming from the Affordable...

    Atlanta's Industrial Market Sales, Leasing Activity Reaches Record Highs

    14 Jan, 2016

    Atlanta’s industrial market is hotter than ever, thanks to an improving overall economy, a more relaxed lending environment, and a great deal of investment capital in the market. According to...

    Nebraska Gov. Ricketts Pushes for 'Structural Change' to State Property Tax System

    13 Jan, 2016

    Nebraska Gov. Pete Ricketts and key state lawmakers announced a plan on Tuesday to curb rising property taxes and help control spending, calling it a "structural change" to how local governments tax...

    San Francisco Office Rents Surpass Manhattan as Most Expensive in Country

    12 Jan, 2016

    A booming technology sector combined with a tight supply of commercial real estate has driven San Francisco’s office rents to the highest in the country. This will be the first time in more than a...

    More Than 100,000 New Hotel Rooms Expected in U.S Cities This Year

    11 Jan, 2016

    The hotel building boom continues in the U.S., as a total of 103,230 rooms within 865 hotels are currently under construction and scheduled to open through the course of 2016, according to hotel...

    Office Investors Follow STEM Workers for Best Returns

    8 Jan, 2016

    All across the country, both companies and cities alike are competing to attract STEM-educated employees. STEM - which stands for science, technology, engineering and math - related fields are...

    U.S. Apartment Rents Increasing at Fastest Rate Since Before the Recession

    7 Jan, 2016

    Apartment rents across the country increased faster last year than at any time since 2007, rising 4.6% to $1,180. This was the biggest gain since before the recession, according to a report by...

    No Property Tax Hike for Pittsburgh Public Schools

    6 Jan, 2016

    The Pittsburgh Public School board voted Tuesday to maintain the current property tax rate of 9.84 mills for 2016. This will be the second straight year the school district will not increase property...

    Proposed California Ballot Measure Would Impose Property Tax Surcharge on Commercial Real Estate, Expensive Homes

    5 Jan, 2016

    A proposed California initiative, called the Lifting Children and Families Out of Poverty Act, would increase property taxes on real estate valued at more than $3 million to raise billions for public...

    Big Developers Step in to Fill Philadelphia’s Apartment Shortage

    4 Jan, 2016

    Downtown populations across the nation are booming, driven primarily by millennials, who are displaying a strong preference to live in urban environments. Furthermore, millennials have shown a...

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