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.

    How to Offset the Strong Dollar's Impact on the U.S. Tourism Industry

    31 Mar, 2015

    By Ivy L. Irwin, Managing Consultant, Atlanta

    Tampa Bay-Area Transit Authority Wants to Raise Property Taxes

    30 Mar, 2015

    Just five months after voters struck down The Pinellas Suncoast Transit Authority's attempt to boost the county’s sales tax rate to the highest in Florida to fund a $1.6-billion, 24-mile light rail...

    NC House Passes Historic Property Tax Credit Bill

    27 Mar, 2015

    The Historic Property Tax Credit, a state income tax credit intended to help developers raise money to restore historic properties, was granted bipartisan approval by the North Carolina House and now...

    Proposal Would Eliminate Personal Property Tax in Wisconsin by 2020

    26 Mar, 2015

    Companion proposals that would eliminate the business personal property tax are circulating in the Wisconsin Legislature. The personal property tax is a levy on business equipment (items not fixed to...

    Rising Property Values Driving Companies to Split Off Real-Estate Assets

    25 Mar, 2015

    Rising real-estate values are driving more retail companies to consider splitting off their real-estate assets to generate cash, according to the Wall Street Journal. Late last month, Hudson’s Bay...

    New York Supreme Court Upholds Property Tax Cap

    24 Mar, 2015

    The New York Supreme Court once again rejected the state's teaches union attempt to get the property tax cap tossed. Enacted in 2011, the cap limits school districts and local governments to annual...

    Officials Consider Property Tax Breaks for Massive Hotel Complex Near Boston Convention Center

    23 Mar, 2015

    City and convention center officials are considering property tax breaks to help build a massive hotel complex across from the Boston Convention & Exhibition Center, which would have at least 1,200...

    Charlotte Hit by Major Budget Shortfall

    20 Mar, 2015

    The city of Charlotte is facing a $15.6 million shortfall for the upcoming fiscal year, a budget gap larger than what the city faced after the recession in 2008, and elected officials are struggling...

    Industrial Assets Lead Climbing CRE Prices

    19 Mar, 2015

    Commercial property values continued to climb up in the first two months of the year, according to commercial property price indices (CPPIs) from Moody’s/RCA and Green Street Advisors. The...

    Wisconsin Assessment Proposal May Hurt Taxpayers

    18 Mar, 2015

    Gov. Scott Walker's proposal to shift property assessment duties from municipalities to counties is meeting a lot of resistance. The Wisconsin Towns Association recently voiced their opposition to...

    Seattle Poised to Break 26-year-old Apartment Production Record

    17 Mar, 2015

    With 12,392 units that have either opened or are under construction with a 2015 completion date, Seattle apartment developers are on pace to break a production record set in 1989, if they're all up...

    15% Property Tax Hike Proposed for Prince George County, MD

    16 Mar, 2015

    In an effort to increase revenues for county schools, Prince George’s County Executive Rushern L. Baker III (D) proposed raising property tax rates for the first time in 35 years. He proposes raising...

    Nebraska Ag Land Tax Break Stalls; Personal Property Break Moves Ahead

    13 Mar, 2015

    When the Revenue Committee voted on the proposal to reduce the taxable value of agricultural land from 75 to 65 percent of market value on Wednesday, only two of eight members voted for it. The...

    Banks' Shifting Focus to Branch Efficiency and Technology Impacts Property Owners, Investors

    12 Mar, 2015

    JP Morgan Chase, the nation's largest bank, announced plans to close roughly 300 branches by the end of 2016, roughly 5 percent of its overall footprint. According to the National Real Estate...

    D.C. Still Working to Improve Accuracy of Commercial Property Assessments

    11 Mar, 2015

    Many commercial property owners suffered from sticker shock last year when the District changed its assessment methodology of office buildings and apartment buildings, basing assessments on pools...

    Emanuel Ally: Property Tax Hike is Inevitable in Chicago

    10 Mar, 2015

    In the heat of a tight mayoral campaign, City Council budget chairman Alderman Carrie Austin, a key ally of Rahm Emanuel, said the mayor will have to raise property taxes to cover city’s looming...

    Texas Business Leaders: Senate Tax-Cut Plan 'Falls Short'

    9 Mar, 2015

    Top Texas business leaders, representing the industrial sector and 46 percent of business taxpayers, sent a letter to Lt. Gov. Dan Patrick and state senators last week, complaining that the Senate...

    Walgreens, CVS Controversial Property Assessment Appeal Strategy Slashes Tax Bills in Half

    6 Mar, 2015

    Walgreens, CVS, and other big drugstore chains have been challenging property tax assessments in courts around the country for the past decade, with little national notice. Kentucky tax officials, in...

    Property Assessment Appeals Increase Allegheny County's Taxable Value

    5 Mar, 2015

    A report by The Allegheny Institute found that there were 10,226 appeals of property values heard by the Allegheny County (Pennsylvania) Board of Property Assessment Appeals and Review in 2014. All...

    Several Factors Concern NYC Hotel Industry

    4 Mar, 2015

    New York City's hotel sector has been growing for years and has long-been an attractive market for developers and investors. However, New York City hotels have been struggling recently, and industry...

    NY Schools Seek Overhaul of Property Tax Cap

    3 Mar, 2015

    As the New York property tax cap is set to expire next year, a coalition of education groups is urging the state Legislature to overhaul the system, saying the restrictions are straining school...

    Atlantic City Casino Tax Plan Languishes in Legislature

    2 Mar, 2015

    In an effort to cure Atlantic City's reeling gambling industry, which has seen about half its revenue disappear since 2006, a plan was introduced three months ago that would make sweeping changes to...