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.

    Multifamily Developers Face Rising Construction Materials Prices, Labor Shortages

    4 Oct, 2018
    The threat of tariffs is putting pressure on prices of construction materials and driving up project costs for multifamily developers and contractors. Due to anticipation of tariffs  on a...

    Will Real Estate Developers Seize On "Opportunity Zones" Tax Incentive?

    18 Jul, 2018
    Opportunities abound for developers thanks to a little-known provision in the new tax law that could spur major  real estate construction and “substantial rehabilitation” of existing...

    Philadelphia Committee Advances Tax on New Construction Despite Scorching Criticism

    7 Jun, 2018

    As Philadelphia experiences one of its biggest development booms in recent history, a tax on new construction to fund affordable housing moved one step closer to passage Wednesday. The Council’s...

    Inside Oregon’s Unprecedented Development Boom

    18 Jul, 2017

    Oregon is facing a chronic labor shortage amid a multibillion-dollar tsunami of real estate development depleting the pool of skilled construction workers. Portland issued nearly 12,000 buildings...

    Concerns Prompt Major Revisions to Property Tax Break Bill for Ohio Developers

    5 Dec, 2016

    Local officials expressed concerns last week over a bill that gives property tax breaks to Ohio developers, prompting significant changes to the legislation. Designed to help developers predict costs...

    New Jersey, Long Island Developers Converting Office Buildings to Warehouses

    22 Nov, 2016

    In an effort to keep up with e-commerce distribution demands, developers in New Jersey and Long Island are repurposing vacant suburban office buildings into warehouses. While this conversion seems...

    Chicago Sets Record for Cranes in the Sky

    9 Nov, 2016

    The city of Chicago has a reached a new high for number of tower cranes in the sky. Related Midwest’s recently installed tower crane at its new Streeterville apartment building became the 33rd tower...

    Denver’s Affordable-Housing Plan Includes Development Fees and a Property Tax Increase

    13 Jul, 2016

    The city of Denver on Tuesday unveiled details of a sweeping plan to generate $155 million over 10 years to help pay for affordable-housing solutions across the city. According to the Denver Business...

    Miami-Dade Property Values Surge Higher than Expected

    5 Jul, 2016

    In June, Miami-Dade’s property appraiser reported real estate values grew 8.6 percent higher than in 2015; however, the latest accounting from the assessor show there was actually a 9.1 percent surge...

    New York City's 421a Property Tax Program Expired Until Construction Wage Agreement Met

    22 Jan, 2016

    New York City’s 421a property tax program, which allows developers of rental apartments to reduce their real estate taxes on new projects for 10 to 25 years in exchange for affordable housing in...