News & Analysis as of October 13, 2024

Appraisal

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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 -

North Carolina Property Owners - New Property Valuations are out. How do I contest my valuation?

Maynard Nexsen on 2/14/2024

Did you recently receive a real property revaluation notice? If you live in one of 21 counties across the state, the answer is yes! These counties revalued all of their commercial and residential property for ad valorem tax...more

Twelve Days of Property Tax Protections for Indiana Taxpayers – Day No. 4: Appraisals Not Required by Law to Win a Case

Faegre Drinker Biddle & Reath LLP on 12/27/2021

Appraisals can be costly to prepare, in terms of dollars spent and time invested. Taxpayers would be at a disadvantage if they were compelled in every case to pay for appraisals to support claims of excessive assessments....more

Commonwealth Court Decisions Allow Taxing Bodies Discretion In Determining Standards For Tax Assessment Appeals

Tucker Arensberg, P.C. on 2/3/2020

Punxsutawney Area School District v. Broadwing Timber, LLC, 1209 C.D. 2018 (Pa. Commw. Ct., October 29, 2019) - Since the Pennsylvania Supreme Court’s recent decision in Valley Forge Towers Apartments N, LP v. Upper...more

Property Tax and Valuation Topics - Spring 2019

Pullman & Comley, LLC on 6/7/2019

Tidbit on NNN lease property valuation - A sort of a humdrum ruling on the assessment appeal of a garden variety industrial building nevertheless offers a valuable insight as to proper use of the income valuation...more

A Case Study on the Accuracy of Real Market Values on Tax Statements

Tonkon Torp LLP on 4/12/2017

In my previous Ear to the Ground post, I discussed real market values and how they can become inaccurate on your tax statement. For this week's post, I wanted to offer a real-life example of how this discrepancy played out...more

Proceed With Caution – Indiana Property Tax Appeals: Receipt Of Tax Bill Triggered Right To Appeal; Relevancy Objection Overruled;...

Faegre Drinker Biddle & Reath LLP on 9/22/2015

In Alvarado v. Lake County Assessor (Aug. 5, 2015), the Indiana Board of Tax Review considered a number of procedural and evidentiary issues in ruling on the 2012 assessment appeal for a residential property....more

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