News & Analysis as of

Property Tax › Local Ordinance

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... more +
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 -
Kohrman Jackson & Krantz LLP

Reshaping the Skyline: The Modernization of the City of Columbus Zoning Code

Kohrman Jackson & Krantz LLP on

This month, the City of Columbus introduced a revolutionary proposal to modernize its 70-year-old zoning code. The initiative aims to address the city and the region’s rapid growth by strengthening housing, mobility, and...more

Holland & Knight LLP

Florida's New Live Local Act Offers Land Use and Tax Benefits

Holland & Knight LLP on

Florida Gov. Ron DeSantis signed into law Senate Bill 102 on March 28, 2023, with an effective date of July 1, 2023. Commonly referred to as the Live Local Act (the Act), it has significant land use, zoning and tax benefits...more

Nelson Mullins Riley & Scarborough LLP

Increased Recordation Tax Rates and Property Taxes in Montgomery County, Maryland

Nelson Mullins Riley & Scarborough LLP on

On May 9, 2023, the Montgomery County, Maryland Council voted 7-4 in favor of increasing its real estate recordation tax by enacting Bill 17-23, Taxation – Recordation Tax Rates – Amendments. Councilmember Kristin Mink was...more

Schwabe, Williamson & Wyatt PC

Debt Forces County’s Hand—King County’s Debt Forces Property Owners to Make Second Half 2020 Property Tax Payments on Usual...

Schwabe, Williamson & Wyatt PC on

On September 17, 2020, King County announced that, despite the ongoing pandemic and economic uncertainty, property owners would not receive an extension on the property tax bill corresponding to the second half of 2020. In...more

Jones Day

California 2020 Ballot Initiatives Pose Risk of Major Changes to Commercial Real Estate

Jones Day on

The Situation: With the changes proposed to taxation of commercial real estate and residential rent control on the 2020 ballot, the real estate landscape may be changing in California. The Result: Propositions 15 and 21,...more

Holland & Knight LLP

Proposed Los Angeles City Residential Vacancy Tax Pushed to 2022

Holland & Knight LLP on

The Los Angeles City Council recently considered a vacancy tax intended to reduce the number of vacant residential units. The proposed Empty Homes Tax would aim to address homelessness by penalizing residential landlords for...more

Bricker Graydon LLP

Calling all economic developers: Large TIFs may be eligible for a one-time extension opportunity

Bricker Graydon LLP on

In the fall of 2019, the Ohio General Assembly significantly changed state law governing tax increment financing (TIF) exemptions. For certain TIF projects, local communities can extend the exemptions – and, therefore,...more

Tucker Arensberg, P.C.

Important Amendment to Pennsylvania’s Borough Code (8 Pa. C.S.A. § 101 et seq.)

Tucker Arensberg, P.C. on

An important amendment to Pennsylvania’s Borough Code (8 Pa. C.S.A. § 101 et seq.) that impacts a Borough’s process for adopting its annual property tax rate took effect on August 30, 2019. On July 2, 2019, Governor Tom...more

Foster Garvey PC

Short-Term Rental Update: Vacasa nearly doubles real estate footprint with the acquisition of Wyndham vacation rentals;...

Foster Garvey PC on

Vacasa Nearly Doubles Real Estate Footprint - ("Vacation rental platform Vacasa will pay $162M to acquire Wyndham Vacation Rentals," GeekWire on Jul 30, 2019) We learned last week that Portland-based Vacasa plans to...more

Foster Garvey PC

Short-Term Rental Update: Sonder now worth $1 billion after its latest funding round; commercial tax rate could quadruple...

Foster Garvey PC on

Sonder Reaches Unicorn Status - ("Airbnb competitor Sonder says after new funding round it’s now worth $1B," Real Deal - LA Real Estate News on Jul 11, 2019) Congratulations is well-deserved for Sonder, which just...more

Jackson Walker

Texas Legislative Update: New Laws Impacting Real Estate Developers and Builders

Jackson Walker on

More than 10,000 bills were filed during the 86th Texas legislative session. Some of the bills that were filed and ultimately signed into law specifically impact the real estate and construction industries. Below is a...more

Pullman & Comley, LLC

Property Tax & Valuation Topics - Winter 2017

Pullman & Comley, LLC on

On September 30, 2016, the Connecticut Supreme Court heard oral argument in Nutmeg Housing Development Corp. v. Colchester. On the face of it, the ad valorem valuation of a garden variety property in the suburbanizing Town...more

Lewitt Hackman

California Ballot 2016: Los Angeles County Measures A & M

Lewitt Hackman on

This is the fourth and final blog in our 2016 California Election Guide Series – the first three providing brief synopses of the 17 state-wide ballot initiatives residents will see in November. In this final segment, we will...more

Franczek P.C.

Cook County Property Tax Incentives Continue to Expand

Franczek P.C. on

Cook County continues to increase the number of commercial and industrial properties eligible for reduced property tax assessments. Recently, the County amended the Real Property Assessment Classification Ordinance to add the...more

Akerman LLP

New York City Real Property Tax Exemption is Not Guaranteed for Not-for-Profit Organizations

Akerman LLP on

Not-for-profit (NFP) organizations owning real property in New York City must meet certain ownership, purpose, and use requirements in order to qualify for real property tax exemption. NFP organizations often mistakenly...more

15 Results
 / 
View per page
Page: of 1

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
Sign up Log in
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
- hide
- hide