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.

    NY's Budget Deal Includes Manufacturing Tax Reduction

    31 Mar, 2014

    After several weeks of negotiation, New York legislative leaders and Governor Andrew Cuomo finally reached an agreement on the state's 2014-15 fiscal year budget. The NY assembly has begun debating...

    Michigan Governor Signs Personal Property Tax Bills

    28 Mar, 2014

    Michigan Governor Rick Snyder signed a package of bills today clarifying the elimination of the personal property tax on business, after the bills passed on 35-2 votes in the Senate yesterday and by...

    Bitcoins Considered Property for Tax Purposes, Says IRS

    27 Mar, 2014

    The U.S. Internal Revenue Service said that bitcoins, the best-known virtual currency, should be treated as property and not as currency for property tax purposes. In a statement, the IRS said that...

    NJ Lawmakers Plan Action to Extend Property Tax Law

    25 Mar, 2014

    The New Jersey Legislation is acting to renew a law, which has helped slow the growth of property taxes, just one week before it is set to expire. The state Assembly’s budget committee will vote on a...

    Local Officials Want to Lift Nevada's Property Tax Cap

    24 Mar, 2014

    Some local government officials are pushing to lift Nevada's property tax cap that was enacted by the Legislature in 2005 when land values were soaring, but state legislators appear to be hesitant to...

    Montgomery County Changes Energy Benchmarking Bill

    21 Mar, 2014

    In January, Montgomery County Councilman Roger Berliner introduced a package of "green" bills aimed to drive the private sector to improve the energy efficiency of its real estate. However, because...

    San Francisco Trophy Office Rents Push to Record Highs

    20 Mar, 2014

    San Francisco's office market is hotter than ever, and competition for the best "skyline" (or select Class A) space in the city is pushing rents to record highs near $100 per square foot. Investors...

    PKF: Overbuilding Should Not Concern Hotel Industry

    19 Mar, 2014

    Good news for the hospitality industry: U.S. hotel occupancy rates will finally recover to pre-recession levels in 2014, according to the recently released March 2014 edition of PKF Hospitality...

    Georgia Low Income Housing Tax Credit Property Valuation

    18 Mar, 2014

    By Judson Bracewell, Associate, Atlanta & Adrian Dekker, Senior Managing Consultant, Atlanta

    Retail: Transaction Volume Up, Cap Rates at Record Low

    17 Mar, 2014

    The year is off to a good start for the retail sector, investment sales volumes are up and cap rates are reaching all-time lows. According to the National Real Estate Investor (NREI), in January, the...

    Many Washington, D.C. Commercial Properties Face Dramatic Valuation Increases

    14 Mar, 2014

    Commercial property owners in Washington, D.C. may face sticker shock over the District’s new assessment method. The system has been a source of controversy and rampant appeals, as assessors evaluate...

    Developers Continue to Invest in Fort Worth's Skyline

    13 Mar, 2014

    The Fort Worth, Texas skyline has seen a number of new investments in the past year. The city is in a great position, with a lot of new space and new opportunities. Similar to Dallas, Fort Worth is...

    'Equal and Uniform' Law Sparks Controversy in Texas

    12 Mar, 2014

    By Matthew Fossey, Texas Area Leader / Principal, Dallas

    Bill Would Curb Idaho's Business Personal Property Tax

    11 Mar, 2014

    The House Revenue and Taxation Committee has voted to introduce a bill that is intended to be the next step in phasing out all personal property taxes on business. Last year, the Legislature started...

    Philadelphia Property Tax Appeals Delayed

    10 Mar, 2014

    Approximately 20,000 property-tax appeals are backlogged in Philadelphia, delaying millions of dollars in tax payments to the city and School District. In the most recent battle between the Nutter...

    Inequality of NYC's Property Taxes is Raising Concerns

    7 Mar, 2014

    The New York City real estate community has been experiencing ever increasing property taxes, and it's raising concerns for new mayor Bill de Blasio. Globe Street reports that things are only getting...

    D.C. Hotel Market is Struggling, But Future is Bright

    6 Mar, 2014

    The Washington, D.C. hotel sector's performance was lackluster in 2013, and the market has been suffering for quite some time. According to data from STR, parent company of Hotel News Now, occupancy...

    Ohio’s HB 487 Presents Valuation Appeal Opportunities

    5 Mar, 2014

    By Michelle Galaida, Senior Managing Consultant, Cleveland & Walter Rapacz, Senior Managing Consultant / Principal, Cleveland

    Office, Industrial Construction on the Rise in Detroit

    4 Mar, 2014

    New office and industrial building construction is on the rise in metro Detroit as tenants seek specific kinds of space, or desire to be in particular locations. There are 8.4 million square feet of...

    Rising Property Values in Phoenix Point to Recovery

    3 Mar, 2014

    This year, median residential and commercial real estate assessed values in the Phoenix area have increased by double-digit percentages for the first time in seven years, which points to a real...