Property Tax News Articles & Updates

Brusniak Turner Fine Updates 9/21/2023

Posted by John Brusniak | Sep 21, 2023 | 0 Comments

DELAWARELaurel Property Taxes Increasing 30 PercentWBOCResidents in Laurel are preparing for a substantial increase in property taxes, set to take effect on October 1st. The town's property taxes will surge by 30%, a decision that was made by the Sussex County town back in June as part of the 202...

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Brusniak Turner Fine Updates 9/20/2023

Posted by John Brusniak | Sep 20, 2023 | 0 Comments

NATIONALAnother Labor Day Came And Went Without A Spike In Office OccupancyBisNowFor the fourth year in a row, the days after Labor Day were touted as a moment when a critical mass of workers would return to the office in far greater numbers. This year, with millions of workers under new attendan...

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Brusniak Turner Fine Updates 9/19/2023

Posted by John Brusniak | Sep 19, 2023 | 0 Comments

FLORIDALee County property tax rate up more than 12% over roll-backNews PressLee County taxpayers will be facing an increase of 12.29% on the tax rate for the budget year that begins on Oct. 1. Owners of real estate will be paying $3.7623 per $1,000 value on their property. The increase is based ...

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Brusniak Turner Fine Updates 9/18/2023

Posted by John Brusniak | Sep 18, 2023 | 0 Comments

NATIONALU.S. states where property taxes are highest—New Jersey is No. 1CNBCProperty taxes can vary by nearly $8,000 for the same-priced home, depending on where you live in the U.S., a new study reveals. New Jersey's effective tax rate is 2.23%, the highest in all 50 states and the District of C...

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Brusniak Turner Fine Updates 9/15/2023

Posted by John Brusniak | Sep 15, 2023 | 0 Comments

MAINENew property valuation doubled some Houlton property assessmentsThe CountyMany Houlton residents could see increases in their property tax bills that are going out on Friday, even though the tax rate dropped 2 mills. A market adjustment is the cause, according to the town assessor. Assessmen...

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Brusniak Turner Fine Updates 9/14/2023

Posted by John Brusniak | Sep 14, 2023 | 0 Comments

NATIONALAmazon's Major Same-Day Delivery Expansion Will Likely Target These Kinds Of BuildingsBisNowE-commerce giant Amazon is ramping up its same-day delivery service, a lucrative part of its business, with just how many facilities that will involve now becoming clear. CEO Andy Jassy announced p...

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Brusniak Turner Fine Updates 9/13/2023

Posted by John Brusniak | Sep 13, 2023 | 0 Comments

NATIONALA Mall Owner's About-Face: Bet on America's High-End MallsWSJThe European owner of Westfield malls is pulling back from its aggressive plan to sell nearly all its properties and exit from the U.S. market this year, another vote of confidence for the high-end mall business. Unibail-Rodamco...

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Brusniak Turner Fine Updates 9/12/2023

Posted by John Brusniak | Sep 12, 2023 | 0 Comments

NEW YORKRye demands taxes from county and Playland Park operatorWest Fair OnlineThe City of Rye claims that Westchester County and Standard Amusements owe more than $1.5 million in property taxes and penalties on Playland Park. On Aug. 29, Rye petitioned Westchester Supreme Court to compel the co...

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Brusniak Turner Fine Updates 9/11/2023

Posted by John Brusniak | Sep 11, 2023 | 0 Comments

NATIONALAsian malls in the U.S. are packed and adding new stores, bucking a retail trendNBC NewsEvery weekend this summer, thousands of people have flocked to a seasonal night market in front of Asian Garden Mall in Westminster, California, to scoop up grilled razor clams, balut and fresh-squeeze...

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Brusniak Turner Fine Updates 9/8/2023

Posted by John Brusniak | Sep 08, 2023 | 0 Comments

COLORADOLatest assessed property values top $1 billion for countyThe Crested Butte NewsColorado statute requires that county assessors list, classify and revalue all real estate property and personal property (defined as property that produces income) every two years. Gunnison County began the mo...

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Brusniak Turner Fine Updates 9/7/2023

Posted by John Brusniak | Sep 07, 2023 | 0 Comments

NATIONALWith $2B In Maturities Coming By Year's End, Senior Housing Owners Face Fading DemandBisNowBetting on a forecast "silver tsunami" of baby boomers seeking varying levels of at-home healthcare after retiring, developers in the five years leading up to the pandemic poured billions into new a...

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Brusniak Turner Fine Updates 9/6/2023

Posted by John Brusniak | Sep 06, 2023 | 0 Comments

CALIFORNIASan Francisco's Real Estate Reset Is Already HappeningSF StandardSan Francisco's prophesied real estate reset—a revaluation of buildings that could bludgeon the city's budget—has started to take root. Last year, the city projected a $720 million two-year deficit due in large part to the...

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Brusniak Turner Fine Updates 9/5/2023

Posted by John Brusniak | Sep 05, 2023 | 0 Comments

CANADADelayed property assessments leaves municipalities 'stuck' with outdated validation systemSault StarThe government has announced it will review Ontario's property assessment and taxation system. The last scheduled assessment for 2020 was deferred by the provincial government as a result of ...

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Brusniak Turner Fine Updates 8/31/2023

Posted by John Brusniak | Aug 31, 2023 | 0 Comments

MISSOURIState Auditor addresses ‘red flags' he sees in Jackson County property assessmentKCTV5Jackson County's recent tax assessment will be getting a closer look from Missouri State auditor Scott Fitzpatrick. He revealed to KCTV5 some of the items he'll take a deeper look at. Very likely high on...

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Brusniak Turner Fine Updates 8/30/2023

Posted by John Brusniak | Aug 30, 2023 | 0 Comments

NATIONAL Investors Pour Billions Into Student Housing As Rent Growth Outpaces Apartment MarketBisNowMajor real estate investors have been marching into student housing, drawn to the sector by its higher rent growth than traditional multifamily and its “recession-proof” assets, investors, brokers ...

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Brusniak Turner Fine Updates 8/25/2023

Posted by John Brusniak | Aug 25, 2023 | 0 Comments

NATIONALNursing Homes Disappearing Nationwide, Down 600 Facilities In 6 YearsBisNowThe number of nursing homes is dropping nationwide, continuing a trend that started even before the onset of the pandemic and that hasn't slowed since then, according to an analysis published by The Wall Street Jou...

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Brusniak Turner Fine Updates 8/24/2023

Posted by John Brusniak | Aug 24, 2023 | 0 Comments

NATIONALOffice Tenants Are Renewing Leases—but for Far Less SpaceWSJThe good news for office landlords is that lease signings have been increasing this year. The bad news is that the average new lease is considerably smaller than before. That means companies are committing to spend less on office...

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Brusniak Turner Fine Updates 8/22/2023

Posted by John Brusniak | Aug 22, 2023 | 0 Comments

COLORADOProp HH cleared for ballot after Colorado Supreme Court rejects a challengeCPRProposition HH — the ballot measure backed by Democrats that would slow property tax increases while reducing TABOR refunds — will be decided by voters on the fall ballot in Colorado after the state Supreme Cour...

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Brusniak Turner Fine Updates 8/21/2023

Posted by John Brusniak | Aug 21, 2023 | 0 Comments

CALIFORNIASF's Westin St. Hotel Overvalued by Tax Assessor, Court SaysThe Real DealThe Westin St. Francis hotel in San Francisco was overvalued by tax officials during its 2015 sale, according to a state appeals court ruling. The court ordered the city to refund a portion of the property taxes pa...

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Brusniak Turner Fine Updates 8/18/2023

Posted by John Brusniak | Aug 18, 2023 | 0 Comments

NATIONALAldi To Buy 400 Winn-Dixie, Harveys Groceries In Southern USEnterprise JournalDiscount grocer Aldi said Wednesday it plans to buy 400 Winn-Dixie and Harveys supermarkets in the southern U.S. Under a proposed merger agreement, Aldi will acquire all outstanding shares of Jacksonville, Flori...

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Brusniak Turner Fine Updates 8/17/2023

Posted by John Brusniak | Aug 17, 2023 | 0 Comments

CALIFORNIAIconic San Francisco Hotel Has Lost 90% of Its Value, Owner SaysSF StandardThe Chase Center. The Westin St. Francis Hotel. The Transamerica Pyramid. These properties are among the most iconic in San Francisco, but what they also have in common is their owners are applying for dramatic c...

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Brusniak Turner Fine Updates 8/16/2023

Posted by John Brusniak | Aug 16, 2023 | 0 Comments

CALIFORNIALendlease Halts $1.2B Development, Its Largest In The AmericasBisNowLeadlease Group has stopped work on its $1.2B, 47-story Hayes Point office and apartment development in San Francisco, the company said Monday. The company paused the development earlier this year, Global CEO Tony Lomba...

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Brusniak Turner Fine Updates 8/15/2023

Posted by John Brusniak | Aug 15, 2023 | 0 Comments

HAWAIIMaui Faces Millions In Lost Revenue From Property That May No Longer ExistHonolulu Civil BeatMaui faces a significant blow to its tax revenue at a time when the county government needs it to help cope with devastating wildfires in West Maui that have left thousands of residents without shel...

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Brusniak Turner Fine Updates 8/14/2023

Posted by John Brusniak | Aug 14, 2023 | 0 Comments

NEBRASKAAfter big hike in Lancaster County valuations, about 11% of protests are approvedKLKNThe Lancaster County Board of Equalization voted this week on changes to some home valuations. In January, the county assessor's office released preliminary valuations of everyone's property, which ultima...

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Brusniak Turner Fine Updates 8/11/2023

Posted by John Brusniak | Aug 11, 2023 | 0 Comments

NATIONALClimate's sticker shockAxiosThe hidden costs of living in U.S. areas susceptible to extreme weather are becoming increasingly obvious — and expensive, Nathan writes. Why it matters: Intense heat, devastating floods and ravaging wildfires are disrupting life globally. But they're also driv...

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