browsing: General

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The threshold for submittal of an accountant’s certification of income and expenses on rent producing property as part of a real property tax appeal in New York City, New York has been increased for the 2019/2020 tax year from properties with a tentative actual assessed value of $1,000,000 to those with a tentative actual assessed […]

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The Florida November 2018 ballot had two property tax questions for voters.  Amendment 1 was defeated, which proposed an additional homestead exemption.  Amendment 2 was passed, which makes the 10% non-homestead cap on assessment increases for non-school taxes permanent.  The combination of these results maintains the status quo, which means there should be less volatility […]

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The Ohio Supreme Court ruled in a property tax assessment appeal case that a parking lot size adjustment was warranted when valuing a Kroger supermarket located in a shopping center where the Kroger parcel does not own its own parking, but has an easement to use parking on an adjacent parcel.  The appellant found the […]

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The District of Columbia has had a consistent property tax rate schedule for years.  Beginning on October 1st, 2018, that schedule is changing for the 2019 fiscal year, which has tax bills due in March 2019 and September 2019.  Commercial properties used to be taxed at a rate of $1.65 per $100 for the first […]

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There has been a “split roll” campaign growing in California to remove some of the Proposition 13 protections from commercial properties as a way to increase revenues.  There have been variations on the proposed changes, but all boil down to trying to tax commercial properties at values greater than the standard Proposition 13 limited values, […]

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The timing and protocol for picking up new construction assessments was recently changed in California. The California State Board of Equalization now advises that for multi-year new construction projects that the base year values be established each January 1st and then a final base year value as of the date of construction completion rather than […]

Filed in: General