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.

    Florida County Braces for Long Legal Battle over Property Taxes

    30 Nov, 2012

    Citrus County, Florida is in for a long legal battle with Duke Energy over $16 million worth of unpaid property taxes. According to the Tampa Bay Times, Duke Energy offered last month to pay $27...

    Will a Rise in Homeownership Hurt the Multi-Family Sector?

    29 Nov, 2012

    As vacancy rates remain low and rents continue to grow, the multi-family sector of commercial real estate continues its dominance. However, renters could start shopping for deals in the flat housing...

    Michigan Leaders Revise Business Property Tax-Cut

    28 Nov, 2012

    Michigan officials have proposed a new plan to eliminate personal property taxes businesses pay on computers and equipment used in manufacturing. According to Bloomberg Businessweek, the proposal,...

    All You Wanted to Know About Hospitality Property Taxes

    27 Nov, 2012

    Property tax is not a fixed expense. It is manageable but often requires hiring someone experienced with these ad valorem taxes to assist. Hotel assets are very sophisticated investments that are...

    Hotel Buyers Looking for Debt Post-Deal

    26 Nov, 2012

    Hotel investors are beginning to pay all cash first for properties, then layering in debt later to move deals along quicker. According to, a hotel buyer purchasing a hotel all cash...

    Commercial Real Estate Owners Avoid Costly Sustainability Revamps

    21 Nov, 2012

    Most commercial real estate companies are avoiding capital investments for sustainability revamps and instead are focusing on self-financed projects with a direct financial benefit. According to...

    Businesses Taxed in States Where They Have No Property

    20 Nov, 2012

    Struggling states are beginning to apply corporate income taxes to companies who do not have a physical presence in their state. According to The Daily Chatter, states have started collecting...

    Political Deals in Coming Months Have Big Implications for CRE

    19 Nov, 2012

    The possibility of a fiscal cliff at the end of the year is leaving commercial real estate and the economy as a whole with a great deal of uncertainty. According to the National Real Estate Investor,...

    California Democrats Will Propose Easing of Parcel Tax Voting Rules

    16 Nov, 2012

    Last week's ballot showed several measures in the State of California passing even more taxes on its citizens in an effort to relieve budget pressure on local governments and school districts....

    Commercial Property Faces Risk on Yields

    15 Nov, 2012

    Commercial real estate investors are beginning to borrow less and expect lower returns due to rising risks that include increases in interest rates. According to Bloomberg, investors are less...

    New York City Real Estate Will Rebound After Sandy

    14 Nov, 2012

    The New York City commercial real estate market will rebound from the affects of Hurricane Sandy just as it has after disasters in the past. According to SFGate, as bad as the storm was, many...

    Warehouse Development May Finally Ramp Up

    13 Nov, 2012

    Though the warehouse market continues to slowly recover, developers are still showing interest in the market to fill a demand for big-box space. According to the CoStar Group, there are about 47.1...

    Denver County, Colorado Mill Levy Increase

    12 Nov, 2012

    As a result of the most recent election, three measures passed that will cause a drastic mill levy increase within Denver County, Colorado. According to the Assessor, it appears the passing of the...

    Illinois Hospital Tax Break Costs $10 Million

    9 Nov, 2012

    Cash-strapped Illinois is facing $10 million a year in lost revenue caused by a tax-break for investor-owned hospitals. According to the Daily Herald, hospital industry officials say the tax credit...

    Outlook for Commercial Real Estate Recovery Still Uncertain

    8 Nov, 2012

    Industry experts are still claiming that too many things remain unclear at the moment for the commercial real estate industry to make a turn around. According to the Baltimore Business Journal, the...

    UPDATE: Arizona and Florida Voters Say No to Business Tax Breaks

    7 Nov, 2012

    Two separate business tax breaks, one in Arizona and one in Florida, both failed to pass this election.

    New San Francisco Business Tax Would Cost Building Owners

    6 Nov, 2012

    If San Francisco, California voters adopt a gross receipts tax on today's ballot it would cost commercial landlords about 11 cents per square foot. According to the San Francisco Business Times, the...

    Some Real Estate Investors Likely to Face New Taxes

    5 Nov, 2012

    Thousands of real estate investors will be subject to a investment surtax on rental income beginning New Year's Day. According to The Wall Street Journal, the tax won't affect real estate companies...

    U.S. Unemployment Rate Rises to 7.9% in October

    2 Nov, 2012

    Although the U.S. added a higher than projected 171,000 jobs in October, the unemployment rate still rose from 7.8% to 7.9%. According to the Atlanta Business Chronicle, the addition in jobs was up...

    Connecticut Governor Signs Executive Orders for Property Tax Extensions

    1 Nov, 2012

    Connecticut Governor Dannel Malloy has signed three separate Executive Orders concerning property tax extensions due to the devastation caused by Hurricane Sandy. The Orders have been put in place to...