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.

    Kern County Faces a $61M Property Tax Revenue Shortfall Amid Falling Oil Prices, Declares Fiscal Emergency

    29 Jan, 2015

    Supervisors in Kern County, home to the five most productive petroleum fields in California, have declared a state of fiscal emergency in response to predictions of a massive shortfall in property...

    New Jersey Medical Center Property Tax Exemption Case Could Have Statewide Implications

    22 Jan, 2015

    Morristown, New Jersey has fired a lawsuit against Morristown Medical Center due to its non-profit status, which exempts the business from having to pay property taxes. The case could have...

    US Hotel Industry Reports Strong Performance Metrics

    21 Jan, 2015

    The U.S. hotel industry ended 2014 with a bang, reporting positive results in the three key performance metrics during December 2014, according to data from STR, Inc. Overall, in year-over-year...

    Arizona Legislature to Consider Several Property Tax Measures

    20 Jan, 2015

    By Domingos Santos, Managing Consultant, Phoenix

    Meijer Property Tax Ruling Could Impact How Indiana Big Box Stores Are Assessed

    19 Jan, 2015

    A recent court decision favoring Meijer over Marion County, Indiana could impact the way big box retailers are assessed statewide. According to the Indianapolis Business Journal, the Indiana Board of...

    Colorado Property Tax Report Shows Big Jump in Values

    16 Jan, 2015

    A report released by Colorado's division of Property Taxation shows that both residential and business property values, with the exception of natural resources, have risen significantly over the past...

    Pennsylvania School District Creates Tension with Reverse Tax Assessment Program

    15 Jan, 2015

    A Pennsylvania school district is creating significant tension between itself and the Franklin County, Pennsylvania Economic Development Department. In an effort to generate more tax revenue from...

    Maine Considers Imposing Property Tax on Nonprofits

    14 Jan, 2015

    On Friday, Governor Paul LePage announced his two-year budget proposal that would achieve $300 million in savings by 2019 by making huge changes to Maine's tax system. The plan includes reducing the...

    Low Oil Prices Threaten Houston's Office Market

    13 Jan, 2015

    As oil prices continue to drop, the success of some office sectors across the country is being threatened. According to the National Real Estate Investor (NREI), the stock market drop by 331 points...

    High Demand for Wisconsin's Historic Tax Credit Program Concerns Developers

    12 Jan, 2015

    Wisconsin developers are wondering what's in store for the state's historic restoration tax credit program, as there was a large spike in demand for the credits over the past year. Developers are...

    Cincinnati Sets 2016 Property Tax Rate

    9 Jan, 2015

    Cincinnati's property tax rate will remain the same in 2016 as it is this year - 5.6 mills - under a tax budget passed by the City Council on Wednesday. According to the Cincinnati Business Journal,...

    Maryland Values Rise in New Property Assessments

    8 Jan, 2015

    Assessment notices have been issued to property owners across the state of Maryland and values have increased since 2011, reflecting a rebounding market. Commercial property values showed an overall...

    Unique Challenges of Appealing Tax Increment Financing Incentivized Properties

    7 Jan, 2015

    By Tad Berry, Managing Consultant, St. Louis

    Philadelphia's Multifamily Sector May Suffer from Oversupply in 2015

    6 Jan, 2015

    While Philadelphia's apartment market performed well in 2014, there are some indications that 2015 might be a different story due to a rising tide of supply. According to the Philadelphia Business...

    'Tax Cut Fever' Cools in Texas Due to Falling Oil Prices

    5 Jan, 2015

    As Texas legislators begin their session next week, they will discuss what to do with the overflowing state coffers, which has as much as $9 billion to $12 billion extra, according to conservative...