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.

    IRS Allows Firm to Classify Its Phone Lines as Real Estate

    31 Jul, 2014

    U.S. telecom company Windstream was recently cleared by the IRS to reclassify most of its copper and fiber-optic lines as real estate by forming a REIT, a maneuver that could yield tax savings of...

    Orlando Faces First Property Tax Hike in 6 Years

    30 Jul, 2014

    Due to a nearly $30 million budget shortfall facing the city, Orlando Mayor Buddy Dyer and Chief Financial Officer Rebecca Sutton said a property tax hike is needed in order to fill the gap....

    Atlantic City’s Casino Closings Have Far-Reaching Effects

    29 Jul, 2014

    By Jack Nash, Northeast Area Leader / Principal, Philadelphia

    New York Attorney General Moves to Dismiss Major Property Tax Suit

    28 Jul, 2014

    Today, New York State Attorney General Eric Schneiderman moved to dismiss a class action suit seeking to overturn existing city and state property tax laws, which the plaintiffs contend is racially...

    Travis County Appraisal District Wants $3M Budget Increase to Study Accuracy of Property Tax System

    25 Jul, 2014

    The fairness of commercial property assessments has been a highly-debated topic throughout Texas this year. As a response to the growing concerns that the property tax system favors owners of large...

    Mecklenburg County Property Owners Have a Second Chance at Appeal

    24 Jul, 2014

    By Gary Koenke, Senior Managing Consultant, Atlanta

    Miami-Dade Expects Property Tax Windfall in 2015

    23 Jul, 2014

    Despite budget cuts and no overall increase in tax rates, Miami-Dade Mayor Carlos Gimenez’s proposed budget for 2015 forecasts a gain of $112 million in property taxes, due to an increase in higher...

    San Francisco's Booming Hotel Market Continues to Grow

    22 Jul, 2014

    Over the past few years San Francisco has seen significant growth in hotel performance, and experts believe that the city is on its way to performance supremacy atop the United States hotel industry....

    Baltimore Expands Tax Credits for Apartment Developers

    21 Jul, 2014

    The Baltimore City Council passed a bill last week that will make 10 years of property tax credits available citywide for developers of apartments. The bill expanded the current apartment tax credit...

    Is Relief in Sight for D.C. Commercial Property Owners?

    18 Jul, 2014

    Commercial property owners in Washington, D.C. are facing much higher property tax bills for 2015 due to changes in the tax assessment policy that goes into effect on Jan 1. Assessments will be based...

    Louisiana Assessors Want to Lift Oil and Gas Exemptions

    17 Jul, 2014

    Many assessors throughout Louisiana believe current property tax exemptions granted to the oil and gas industry are unequal and not uniform, and are now seeking changes so that the industry pays its...

    Utah Property Tax System Audit Reveals $100M Mistake

    16 Jul, 2014

    Utah property owners are facing higher tax rates in the coming years due to a recent audit of the state's property tax system. The audit revealed a miscalculation that caused property owners in Utah...

    Wisconsin Lifts Historic Tax Credit Program Moratorium

    15 Jul, 2014

    The Wisconsin Economic Development Corp. is once again accepting historic tax credit applications from developers, after the program was put on hold last month due to higher-than-expected demand....

    Value of San Francisco's Property Increases by $10 Billion

    14 Jul, 2014

    The value of San Francisco's property grew by $10 billion for the fiscal year that started July 1 compared with the last fiscal year, now totaling $180 billion. This means more property taxes flowing...

    Wisconsin Considering Personal Property Tax Reform

    11 Jul, 2014

    This week, the Steering Committee on Symposia Series on Personal Property Tax met for the first time to begin a study of how personal property tax affects Wisconsin businesses and residents. In...

    Pittsburgh Officials Struggle to Set Tax Rate Due to Assessment Appeals

    10 Jul, 2014

    Due to wide-ranging in disparities in property values of 25 Downtown buildings, the Pittsburgh City Council is struggling to set a new real estate tax rate for 2015. The disparities came after the...

    Overbuilding Threatens Major Office Markets in Texas

    9 Jul, 2014

    Demand for office space rebounded in the second quarter, but now a few major office markets in Texas, such as Dallas-Fort Worth (DFW) and Houston, are threatened by overbuilding. However, as the tech...

    California Legislature Rejects Attempt To Revive Unlawful Property Tax Split Roll Scheme

    8 Jul, 2014

    By Theodore F. Bayer, Senior Managing Consultant / Principal, San Francisco

    NYC Commercial Property Tax Rate Rises 3.5 Percent

    7 Jul, 2014

    Despite New York City Mayor Bill de Blasio boasting that his Fiscal Year 2015 budget did not raise taxes, since overall rates aren't increasing, most homeowners will still be paying higher property...

    Maryland Expands Enterprise Zone Focus Areas

    3 Jul, 2014

    In an effort to spur investment in industrial areas and commercial real estate, Maryland officials approved an expansion of state Enterprise Zone Focus Areas in East Baltimore and Harford County....

    Philadelphia's AVI Results: 57% of Commercial Property Owners Received Tax Increase

    2 Jul, 2014

    After the debut of the Actual Value Initiative (AVI) reform effort, 57 percent of Philadelphia commercial property owners and 54 percent of residential property owners paid higher real-estate taxes...

    Solar Companies Sue Arizona Department of Revenue Over Solar Panel Property Tax Assessment

    1 Jul, 2014

    Two companies, SolarCity Corp. and Sunrun Inc., filed a lawsuit yesterday against the Arizona Department of Revenue (ADOR) over its decision last year to tax leased solar panels, which could cost...