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.

    Benefits of Industrial Property Owners Going Green

    31 May, 2016

    Building green industrial properties, and seeking LEED certification, is a growing trend for developers and property owners, as they begin to recognize the wide-range of benefits it provides for...

    Montgomery County Council Approves Biggest Property Tax Hike Since 2009

    26 May, 2016

    The Montgomery County (Maryland) Council gave final approval Thursday to a $5.3 billion budget that includes the biggest property tax hike in seven years. The budget, which takes effect July 1,...

    Internet Addiction Fuels Data Center REIT Growth

    25 May, 2016

    Real estate investment trusts specializing in data centers are reaping the benefits of our growing internet addiction. Worldwide, Internet traffic this year is expected to surpass a zettabyte (or 250...

    Harrisburg School Board Approves 10-year Property Tax Abatement Program

    19 May, 2016

    The Harrisburg School Board voted 7-2 Monday night to approve the city’s 10-year tax abatement program for improved properties and new commercial development, following the Harrisburg city council...

    Landlords Begin to Feel Retailers’ Pain

    17 May, 2016

    Retail landlords are starting to feel the pain of their struggling tenants. Macy's, Nordstrom, J.C. Penney and other department stores last week reported another quarter of crummy earnings and warned...

    Seniors Housing Market at Risk of Overbuilding

    16 May, 2016

    Steady returns brought to investors by seniors housing in recent years sparked a lot of new supply, however, some markets are now at risk of oversaturation by the fourth quarter of this year as...

    Ten-X: U.S. Commercial Property Values See 7 Percent Annual Growth

    13 May, 2016

    With the industrial sector leading the pack, commercial real estate values in the United States increased by 7 percent from April 2015 to April 2016, according to the latest Commercial Real Estate...

    Urgent Filing Window: Michigan Eligible Manufacturing Personal Property Exemption

    12 May, 2016

    Major changes in Michigan Business Personal Property law provide an opportunity for manufacturers to significantly reduce their property taxes. The Michigan Department of Treasury indicates that many...

    Chicago Teachers Union Calls for Nearly $500M in Tax Hikes, Including Commercial Property Assessment Change

    11 May, 2016

    Despite Chicago property owners shouldering the largest property tax increase in city history, the Chicago Teacher’s Union (CTU) is pushing for hundreds of millions of dollars worth of tax hikes to...

    Deadline Reminder: NYC Real Property Income and Expense Statement

    10 May, 2016

    All New York City income-producing properties with an Actual Assessed Value of more than $40,000 are required to file a RPIE (Real Property Income and Expense) statement with the Department of...

    Suburban Office Buildings Incorporate City Amenities

    9 May, 2016

    In order to attract top workers, suburban offices are increasingly adding amenities typically found in city properties, such as large fitness centers, rooftop decks with lounge areas, and bike...

    Survey: 11 Best Non-Gateway Cities for CRE Investment

    5 May, 2016

    Due to low cap rates and sky high prices in gateway cities, many commercial real estate investors in search of good yield are turning to non-gateway markets as a more appealing and affordable option....

    Continued Hotel Supply Growth in Oil and Gas Regions Raises Concerns

    4 May, 2016

    After more than a year of weak oil prices, the fallout of roomnight demand in oil-producing areas has waned as supply growth continues its strong upward momentum, which means more trouble ahead for...

    Is Miami Facing Another Condo Bust?

    3 May, 2016

    Due to a sharp drop in sales and a surge in inventory, developers are taking steps to avoid a ‘bloodbath’ as another condo bust looms in Miami. According to the Wall Street Journal, developers have...

    Bexar County Property Values Increase Dramatically

    2 May, 2016

    Many property owners in Bexar County, Texas suffered from sticker shock when they opened their 2016 property tax appraisal notices. Overall property value in Bexar County has reached roughly $163...

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