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Property Tax › Proposed Legislation

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 -
Farrell Fritz, P.C.

The New York State Assembly’s Real Property Taxation Committee Proposes the Five Borough Fair Property Tax Act

Farrell Fritz, P.C. on

An earlier Tax Tracker discussed the NYS Court of Appeals decision that revived a lawsuit brought by the Tax Equity Now (TENNY) coalition, which claims that New York City’s property tax system violates the federal Fair...more

Bennett Jones LLP

British Columbia Introduces the Flipping Tax—What is it and Why Should You be Aware?

Bennett Jones LLP on

What is the Flipping Tax and Why is it Important? The B.C. government announced in its 2024 budget a plan to introduce a tax (the Flipping Tax) on income earned from the sale of a property within 730 days of acquisition....more

Pullman & Comley - School Law

Connecticut Bill Targets Property Tax Exemptions for Educational Institutions

Pullman & Comley - School Law on

A bill has been introduced before the Connecticut General Assembly that would eliminate property tax exemptions for real property acquired by an “independent institution of higher education” on or after October 1, 2024...more

Dentons

Iowa General Assembly – Legislative Session Week 4

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Week four of the legislative session was action-packed. Drafters, legislators, advocates, and staff are hustling to keep up with the pace and volume of bills being introduced and moving through committees. A number of...more

Bilzin Sumberg

Live Local Act Glitch Bill

Bilzin Sumberg on

As expected, within days of the opening day of the 2024 Legislative Session came two proposed “clarification glitch” bills containing several proposed amendments to the Live Local Act.  Senate Bill 328, sponsored by Senator...more

Brownstein Hyatt Farber Schreck

Delays and Protests Complicate Colorado Property Tax Special Session

Brownstein Hyatt Farber Schreck on

During this year’s November election, Coloradans clearly rejected Proposition HH, the ballot measure Democrats in the state legislature referred to the voters in the waning days of the 2023 regular session to address severe...more

Freeman Law

Texas to Pass Legislation Providing Property Tax and Franchise Tax Relief

Freeman Law on

On Monday, Texas Lieutenant Governor Dan Patrick and Texas House Speaker Dale Phelan released a joint statement announcing their agreement to propose legislation that will deliver “the biggest property tax cut in Texas...more

Pullman & Comley - For What It May Be Worth

New State-Wide Property Tax Proposed in Connecticut Public Hearing Scheduled for February 27, 2023

Pullman & Comley - For What It May Be Worth on

Two bills pending before the Connecticut General Assembly seek to impose a new state-wide property tax on different classes of real property.  Currently, property taxes are only imposed at the municipal level of government. ...more

Dentons

Iowa General Assembly – Legislative Session Week 1

Dentons on

The 90th General Assembly convened for the 2023 legislative session on Monday, January 9. Monday consisted of short organizing sessions in the House and Senate and speeches by leadership in both parties. Priorities set by the...more

Bowditch & Dewey

Boston’s Effort to Create and Preserve Affordable Housing: Real Estate Transfer Fees and Senior Property Tax Relief

Bowditch & Dewey on

In a further effort to create and preserve affordable housing, the Massachusetts House of Representatives recently advanced House Bill 4637, “An Act Relative to Real Estate Transfer Fees and Senior Property Tax Relief” (“H.B....more

Bricker Graydon LLP

HB 140 brings changes to property tax levies and voted bond issues

Bricker Graydon LLP on

​​​​​​​Beginning with the May 2, 2023 election, House Bill (HB) 140, also known as the “Ballot Uniformity and Transparency Act,” will make sweeping changes to election procedures, affecting all new and renewal municipal...more

BCLP

Levelling Up Bill: The New Infrastructure Levy - what you need to know

BCLP on

In the second Insight in our series on the planning changes in the Levelling Up and Regeneration Bill (the first was on the proposed changes to local plans), we examine the proposed new Infrastructure Levy that will...more

BCLP

German Property Investments: German Trade Tax Deduction For Property Companies

BCLP on

Summary - ..Based upon a change of law as from 2021 German property companies are allowed to deliver electricity and earn income from contractual relationships with their tenants within certain thresholds without...more

Steptoe & Johnson PLLC

West Virginia Legislature Passes Bill Changing Oil and Gas Property Tax Valuation Methodology

Steptoe & Johnson PLLC on

On Friday, March 11, 2022, the West Virginia Legislature passed H.B. 4336, which changes the methodology the State Tax Commissioner utilizes for oil and gas property tax valuation. ...more

Bradley Arant Boult Cummings LLP

Bill to Overhaul SC Tax Sale Procedure Would Expand Notice to Mortgagees

Bradley Arant Boult Cummings LLP on

A bill pending before the South Carolina General Assembly, SB 102, would rewrite the procedure most commonly used to collect unpaid property taxes through the sale of real estate and mobile homes. Among other important...more

Pillsbury Winthrop Shaw Pittman LLP

New York State Assembly Reintroduces Legislation Imposing Recording Tax on Mezzanine Debt and Certain Preferred Equity Investments

Pillsbury Winthrop Shaw Pittman LLP on

On January 22, 2021, several New York State Assembly Members reintroduced legislation (Bill No. A03139) that seeks to amend New York’s Real Property Law and Tax Law, New York’s Tax Law and New York’s Uniform Commercial Code...more

Foley Hoag LLP - Energy & Climate Counsel

Massachusetts State Auditor Issues Report Concerning The Impact of Solar Taxation Policies on Municipalities

Foley Hoag LLP - Energy & Climate Counsel on

On December 10, 2020, the Massachusetts Office of the State Auditor Division of Local Mandates (“DLM”) issued The Impact of State-Owned Land PILOT and Solar Taxation Policies on Municipalities report. DLM Report In part,...more

Lewitt Hackman

2020 Ballot: California’s Propositions 15, 19 Amend Tax on Real Property

Lewitt Hackman on

Of the twelve statewide ballot propositions certified to appear on the ballot for the upcoming election on November 3, 2020, two seek to amend the taxation of real property in California. Before diving into the proposed...more

Pullman & Comley, LLC

2020 Environmental Legislative Update No. 3, "Social Distancing" Edition

Pullman & Comley, LLC on

Throughout Connecticut’s legislative session, these updates highlight developments concerning environmental law and policy. The author prepares updates as Legislative Liaison of the Connecticut Bar Association’s Environmental...more

Spilman Thomas & Battle, PLLC

The Dome Report - 2020 West Virginia Legislature Update: Issue 5

Spilman Thomas & Battle, PLLC on

The 2020 Regular Session of the West Virginia Legislature is now entering the final stretch with only a little less than two weeks left. No new bills may be introduced in either chamber (though a committee may still originate...more

Steptoe & Johnson PLLC

West Virginia Legislative Brief: Commentary from Gil White - February 2020

Steptoe & Johnson PLLC on

Welcome to the 2020 Legislative Brief, your one-stop shop for legislative news from a variety of sources throughout West Virginia, and my view of the legislative happenings on the horizon. February 14, 2020, marks the 38th...more

Sheppard Mullin Richter & Hampton LLP

Housing in California in 2020: A Look Ahead and a Lesson in Try, Try Again

Sheppard Mullin Richter & Hampton LLP on

Indisputably, 2019 was an important year for housing in California. As we noted in our prior blog post, Governor Newsom signed legislation creating statewide rent control, preventing discrimination against people paying rent...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

Dentons

2019 Iowa Legislation Affecting Iowa Landlords

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The 2019 Iowa legislative session came to a close on April 27, 2019, resulting in a handful of new laws directly affecting Iowa residential landlords. Below is a summary of those new laws, along with commentary on a few...more

Eversheds Sutherland (US) LLP

Time may be running out for Texas property tax abatements

Eversheds Sutherland (US) LLP on

The Texas state legislature must decide whether or not to extend the ad valorem property tax abatement program currently authorized under state law. The program is currently set to expire on September 1, 2019. Local tax...more

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