News & Analysis as of November 17, 2024

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Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending on the country or jurisdiction. However, a popular system involves a government assessment of the value of a property and a rate based on a proportion of the assessed value. A property may be subject to taxation by multiple taxing entities. less -

Cozen Cities - April 10, 2024

Cozen O'Connor on 4/11/2024

CHICAGO — Gov. JB Pritzker Announces Plan to Make Chicago Quantum Technology Capital- Illinois Governor JB Pritzker announced a plan to make Chicago a quantum technology capital at M-Hub, a business incubator on Chicago’s...more

Cozen Cities - August 23, 2023

Cozen O'Connor on 8/25/2023

CHICAGO — Chicago City Council to Consider Regulating Rideshares- Members of Mayor Brandon Johnson’s administration have been involved in the discussions, but Alderman Mike Rodriguez is taking the lead on the effort to...more

Cozen Cities: January 11, 2023

Cozen O'Connor on 1/12/2023

Gig Economy & Technology- CHICAGO — University of Chicago Commits Millions to Startups The University of Chicago is stepping up its efforts to create more startups, committing more than $20 million to launch three new...more

Cozen Cities - December 14, 2022

Cozen O'Connor on 12/15/2022

Massachusetts’ Energy Facilities Sitting Board approved a special permit for a controversial electrical substation in East Boston. The permit allows the project to circumvent 14 final environmental permits. 84% of Boston...more

Broad Street Brief: Philadelphia Zoo’s New Giraffe Exhibit Fosters Friendship Between People and Animals

Cozen O'Connor on 7/15/2022

Philadelphia Zoo’s New Giraffe Exhibit Fosters Friendship Between People and Animals- Giraffe Encounter, the Philadelphia Zoo’s newest exhibit that opened last Thursday, allows the public to get up close and personal with...more

North Carolina Tax Legislation Enacted in the 2022 Short Session

Smith Anderson on 7/8/2022

The North Carolina General Assembly ended its 2022 short session on July 1. While the legislature is scheduled to reconvene on July 26, no additional tax legislation is expected to be considered....more

Broad Street Brief: Mayor Kenney Gives Budget Address

Cozen O'Connor on 3/31/2022

Mayor Kenney Gives Budget Address- Today, Mayor Kenney will outline his vision for the upcoming fiscal year’s budget, which will officially kick off budget season. His proposal does not include tax increases, but it...more

Deadline to Save on Your Real Property Taxes Approaching – It’s time to check if your property tax valuation is inflated.

Buckingham, Doolittle & Burroughs, LLC on 3/9/2022

Property owners and certain tenants may challenge the taxable value of their property for the 2021 tax year by filing a real property tax valuation complaint before March 31, 2022 to reduce their property taxes. For the first...more

The End of New York’s Foreclosure Moratorium

McGlinchey Stafford on 1/20/2022

The hardship stays provided under New York’s COVID-19 Emergency Eviction and Foreclosure Prevention Act of 2020 (EEFPA) officially ended on January 15, 2022. The EEFPA was the legislature’s response to protect New Yorkers...more

UK Autumn Budget and Spending Review 2021: Preparing for a Post-Covid, Post-Brexit Britain?

Vinson & Elkins LLP on 10/28/2021

Chancellor of the Exchequer, Rishi Sunak, unveiled an unsurprising 2021 Autumn Budget and Spending Review (the Budget), as the headline grabbing fiscal plans had already mostly been leaked to the press (including by the...more

Empty property rates

BCLP on 10/15/2021

Following recent court decisions, the options available to an owner of empty business premises to avoid a liability for empty property rates have been reduced. This matters because no rates are payable for the first...more

Manufacturing Updates - Fall 2021

Pullman & Comley, LLC on 9/28/2021

Welcome to Manufacturing Updates, Pullman & Comley’s quarterly publication that summarizes important legal developments for manufacturers. Manufacturing Updates brings together insights from attorneys across our many practice...more

Long Island Real Property Tax Alert - September 2021

Farrell Fritz, P.C. on 9/2/2021

Pandemic Related Changes to the Property Tax System Have Been or Will Be Restored Last year, grievance filing deadlines and tax due dates were changed by nearly every jurisdiction to suit the circumstances. Most, if not all...more

Maine Tax Changes Following End of COVID-19 State of Emergency

Pierce Atwood LLP on 7/6/2021

On June 30, 2021, Maine Revenue Services (MRS) published a Tax Alert describing changes to COVID-19 tax relief programs following the end of Maine’s state of civil emergency, also on June 30. Below is a summary of the key...more

Predial 2021 para sectores afectados por COVID-19 en Colombia

Holland & Knight LLP on 5/26/2021

Para el año gravable 2021, la Secretaría Distrital de Hacienda (SDH) de Bogotá fijó una serie de medidas con el fin de ayudar a los sectores económicos más afectados por la pandemia del COVID-19....more

Ohio Senate Bill 57 provides real property tax reduction opportunities

Bricker Graydon LLP on 5/10/2021

Governor DeWine recently signed Senate Bill (S.B.) 57, a law that affects Ohio real property tax valuation complaints. Commercial and industrial property owners that have been negatively impacted by the COVID-19 pandemic...more

Georgia offers another dose of COVID relief: Governor enacts temporary property tax relief for manufacturers

Eversheds Sutherland (US) LLP on 5/6/2021

Georgia Governor Brian Kemp has signed into law House Bill 451, which provides temporary ad valorem tax relief to Georgia manufacturers to mitigate the economic and logistical disruptions caused by the COVID-19 pandemic. ...more

Significant Real Property Tax Savings Available for Property Owners Affected by COVID-19

Buckingham, Doolittle & Burroughs, LLC on 4/29/2021

On April 27, 2021, Governor DeWine signed S.B. 57 into law, which allows property owners to reduce their 2020 property tax bills by filing a special “COVID-19 Complaint” with the county due by August 25, 2021. Complaints may...more

Iowa 2021 Legislative Report - Week 13

Dentons on 4/12/2021

Budgets and floor debate dominated week 13. Most of the work was packed into Tuesday, April 6, and Wednesday, April 7, with short sessions at the beginning and end of the week....more

[Podcast] The Latest in the World of Property Tax

BakerHostetler on 4/12/2021

Listeners in the property tax world have been clamoring for an update. Here is the latest in property taxes: pandemic implications, dark stores, intangibles, and more. Dave Ebersole joins Matt Hunsaker in the virtual studio...more

April Brings a Shower of Increased Property Tax Assessments for Iowa Businesses

Faegre Drinker Biddle & Reath LLP on 4/7/2021

Despite the crush of the COVID-19 pandemic, April 2021 brings a shower of increased property tax assessments for Iowa businesses. Now is the time to analyze and consider challenging excessive values. Iowa’s commercial...more

Georgia’s 2021 Sine Die - Thoughtful policy mixed with last minute surprises and everything in-between

Eversheds Sutherland (US) LLP on 4/2/2021

During the 2021 legislative session, the Georgia General Assembly passed key legislation, including conformity to the federal tax law, the elimination of deference to subregulatory interpretations of the Department of...more

Religious Institutions Update: March 2021

Holland & Knight LLP on 3/24/2021

Attendance Limitations on Houses of Worship Enjoined In Agudath Israel of America v. Cuomo, 983 F. 3d 620 (2d Cir. 2020), the court of appeals reversed two district courts and ruled that an executive order that limited...more

Real Estate Tax Appeals During The Pandemic – 10 Key Takeaways

Fox Rothschild LLP on 3/11/2021

As the COVID-19 pandemic continues to impact the commercial real estate market, property owners will be focusing on ways to reduce operating expenses, including real estate taxes... ...more

Connecticut Enacts State Tax Relief For Resident Commuters

Harris Beach PLLC on 3/9/2021

On March 4, 2021, Connecticut Governor Ned Lamont signed into law An Act Mitigating Adverse Tax Consequences from Employees Working Remotely During COVID-19, and Concerning the Removal of Liens on the Property of Public...more

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