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.

    Landmark Property Tax Case Could Affect Other California Oil Companies

    31 Oct, 2014

    Kern County, California defeated Chevron USA Inc. this week in a landmark property tax case. A state appeals court sided with the county's assertion that drilling new wells increases the value of oil...

    2014 Kansas Legislative Changes Benefit Taxpayers

    30 Oct, 2014

    By Jeff Pence, Senior Managing Consultant, Kansas City & JP Rand, Senior Managing Consultant / Principal, Kansas City

    Los Angeles' Office Market is Struggling

    29 Oct, 2014

    For the most part, the office sector has been soaring in urban markets across the country. Driven by demand for office space from the technology and energy industries, values for trophy office...

    Think Tank Advises Indiana Not to Eliminate Business Personal Property Tax

    28 Oct, 2014

    A Washington think tank on state and local taxes is cautioning Indiana legislators to think twice about rushing to eliminate the business personal property tax. Governor Pence proposed abolishing the...

    Measure to Increase Real Estate Transfer Tax on Santa Monica's Ballot

    27 Oct, 2014

    On November 4, Santa Monica residents will vote on Measure H and HH, which will decide whether or not to increase transfer tax rates and if so, where to allocate the new funds. Placed on the ballot...

    Investors Finding Higher Yields in Secondary Markets

    24 Oct, 2014

    Investors are seeking secondary markets for higher yield, as there are more opportunistic and value-add transactions in those markets, according to industry experts that recently spoke on on the Rise...

    How to Minimize Real Estate Transfer Taxes on Hospitality Acquisitions

    23 Oct, 2014

    By Holly I. Unck, Senior Managing Consultant, Phoenix

    Pennsylvania Property Tax Reform Stalls for Season

    22 Oct, 2014

    It is unlikely that the proposed Property Tax Independence Act will pass the Pennsylvania Legislature this year, as GOP leaders refused to call up the bill for vote. House Bill 76 and Senate Bill 76...

    Plenty of Loan Options for CRE Borrowers

    21 Oct, 2014

    The latest report from the Mortgage Bankers Association shows that there is a lot of mortgage debt available to commercial real estate investors, and lenders are plentiful. According to the National...

    Texas Energy Industry Tax Credits Are Under Scrutiny

    20 Oct, 2014

    Last month, Texas comptroller Susan Combs stirred controversy when she said Texas' growing wind energy industry's tax credits and property tax limitations that helped grow the industry gives it an...

    D.C. Property Owners: Brace for Steep Tax Hikes in 2015

    17 Oct, 2014

    Large commercial real estate owners and tenants in the District should brace themselves for major property tax increases next year. According to the Washington Business Journal, while talks are...

    City Seeks Proposals to Redevelop Atlanta Civic Center

    16 Oct, 2014

    Atlanta city officials are seeking proposals to redevelop the 20-acre Boisfeuillet Jones Atlanta Civic Center, with goals of turning the campus into the heart of a "24-hour urban environment"...

    Gov. Cuomo Signs Law Extending Real Property Tax Abatement for Solar Power Installation

    15 Oct, 2014

    In an effort to establish New York as a national leader in the solar industry, Governor Cuomo has signed into law a bill that extends real property tax breaks for installing electricity-generating...

    The Little-Known Benefits of Appealing Seniors Housing Assets

    14 Oct, 2014

    By Le Anne Thomas, Managing Consultant, Los Angeles

    L.A. City Council Introduces Tax Incentive Plan to Encourage Urban Farming

    13 Oct, 2014

    Last week, two Los Angeles City Council members introduced a motion that calls for landowners to receive tax breaks for leasing vacant property for agriculture, in an effort to transform empty,...

    Airbnb Now Collecting Hotel Taxes in San Francisco

    10 Oct, 2014

    The Airbnb/hotel playing field is starting to level in San Francisco. As of October 1, the peer-to-peer apartment rental service is now required to collect the same 14% tax (which helps pay for city...

    Wisconsin Legislators Want to End Business Personal Property Tax

    9 Oct, 2014

    Eight of nine legislators on the Legislative Council's Steering Committee on Personal Property Tax (PPT) have concluded that the time has come to repeal this tax on Wisconsin businesses. After...

    PBPC Report: Pennsylvania Needs Targeted Property Tax Relief and Reform, Not Elimination

    8 Oct, 2014

    The Pennsylvania Budget and Policy Center (PBPC) released a report today, titled "Reform Not Repeal: Pennsylvania Can Provide Property Tax Relief and Protect Public Schools," that concluded that the...

    What is Fixed Asset Tagging and How Can it Reduce Your Property Taxes?

    7 Oct, 2014

    By Mark Yost, Senior Managing Consultant, Detroit

    Houston Office Construction At Highest Level Since 1980s

    6 Oct, 2014

    Office space under construction in Houston has increased by about 54 percent over the last 12 months. According to the Houston Business Journal, more than half of that space is leased or committed,...

    Oregon Supreme Court Ruling Favors Counties Over Comcast in Major Property Tax Case

    3 Oct, 2014

    The Oregon Supreme Court recently reversed a lower court decision, ruling that Comcast and other cable TV companies are subject to central assessment by the state. The decision would add millions of...

    Alert: Arizona County Assessors Scrutinize Preferential Property Tax Assessments

    2 Oct, 2014

    By Domingos Santos, Managing Consultant, Phoenix

    Cook County Adopts New Class 7c Property Tax Incentive

    1 Oct, 2014

    The Cook County Board of Commissioners has adopted a new commercial real estate tax incentive known as the Class 7c Commercial Urban Relief Eligibility (CURE) incentive aiming to encourage real...