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...
Property Tax News Articles & Updates
Brusniak Turner Fine Updates 8/17/2023
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...
Brusniak Turner Fine Updates 8/16/2023
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...
Brusniak Turner Fine Updates 8/15/2023
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...
Brusniak Turner Fine Updates 8/14/2023
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...
Brusniak Turner Fine Updates 8/11/2023
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...
Brusniak Turner Fine Updates 8/10/2023
DELAWAREProperty tax reassessments are now required every 5 yearsDelaware First MediaA bill requiring each county to conduct regular property tax reassessments is now law. Property tax reassessments are currently being done in each county for the first time in decades - the result of a lawsuit ag...
Brusniak Turner Fine Updates 8/9/2023
NATIONALThe Luxury Home Market Confronts Its New Reality: Not Enough Buyers and SellersWSJWhen Joan Dangerfield, wife of the late comedian Rodney Dangerfield, first walked into her Los Angeles home in the early 2000s, she knew immediately that she would buy it. The Art Deco-style estate, perched ...
Brusniak Turner Fine Updates 8/8/2023
FLORIDAMayor Jane Castor proposes Tampa's first property tax rate hike in 30 yearsAxios Tampa BayMayor Jane Castor proposed a 16% property tax rate increase for Tampa homeowners as part of the $1.92 billion budget she unveiled last week. Why it matters:This is the city's first property tax rate i...
Brusniak Turner Fine Updates 8/4/2023
NATIONALThe price of a typical starter home fell in San Francisco, Austin, and Phoenix, bucking a national trend — here's whyBusiness InsiderA new report from Redfin identifies the three metros as the only in the country where the price of starter homes, defined as the 5th to 35th percentile of h...
The Big Texas Property Tax Relief Package
Article written by John Brusniak and featured on his "Property Tax Tidbits For Lawyers" Newsletter.
Brusniak Turner Fine Updates 8/3/2023
NATIONALStuck in ‘Death Spiral,' Local Malls Plunge in ValueThe Wall Street JournalCrystal Mall's parking lots used to be so crowded that parents would line up to drop off their teenagers near one of the entrances rather than search for a spot. Now, the vast stretches of cracked pavement surround...
Brusniak Turner Fine Updates 8/2/2023
NATIONALActivists Call for Wealthy Tax-Exempt Nonprofits to Pay Their Fair ShareNonprofit QuarterlyFor decades, communities around the country that are home to large, wealthy nonprofit institutions like universities and hospitals have struggled with an economic conundrum. On the one hand, these n...
Brusniak Turner Fine Updates 8/1/2023
ALASKAHotel conversions put hundreds of new low-income housing units on the market in AnchorageAlaskas News SourceIt's being called the biggest increase in low-income housing that Anchorage has ever seen in a single year according to a public/private partnership, consisting of nonprofits like the...
Brusniak Turner Fine Updates 7/31/2023
NATIONALThe Hottest Real-Estate Play Is in Your NeighborhoodThe Wall Street JournalStrip malls are hot. With investor anxiety rising about types of commercial property from shiny office buildings to self-storage facilities, the low-slung structures are a rare bright spot. Retailers want to stay c...
Brusniak Turner Fine Updates 7/28/2023
ALASKATrial underway for Furie, oil and gas company who doesn't want to pay property taxesThe Alaska LandmineThe trial for Furie's property tax dispute with the State of Alaska and Kenai Peninsula Borough began yesterday in Anchorage. Judge Herman Walker is presiding over the case. Because it's a...
Brusniak Turner Fine Updates 7/27/2023
CALIFORNIARobinson: Tax the San Francisco GiantsSan José SpotlightThe San Francisco Giants have a taxable possessory interest over San Jose and Santa Clara County. It's exclusive and valuable. They've never paid the tax that is due. County Assessor Larry Stone should step up to the plate and send...
Brusniak Turner Fine Updates 7/26/2023
NATIONALThese 10 cities are seeing the biggest jump in foreclosures as high home prices and property taxes biteBusiness InsiderForeclosures are surging, thanks to higher home prices and property taxes biting into homeowner finances. To be sure, there is no nation-wide wave of foreclosures coming ...
Brusniak Turner Fine Updates 7/24/2023
CALIFORNIAGas Company Tower Now Valued At $270M, A 57% Drop From 2021BisNowThe Gas Company Tower was valued at a whopping $632M in 2021, but the value of the 52-story Downtown property has fallen to less than half that. The tower, owned by a Brookfield fund focused on Downtown LA offices, has bee...
Brusniak Turner Fine Updates 7/14/2023
CONNECTICUTLegislation vetoed by Lamont aimed at Enfield tax assessor's roleCT InsiderCarol Hall was surprised and extremely disappointed when Gov. Ned Lamont vetoed proposed legislation that Hall, the Republican state representative from Enfield, said would have clarified when state law allows a...
Brusniak Turner Fine Updates 7/13/2023
FLORIDATampa airport authority wins tax battleBusiness ObserverThe case involved Florida's ad valorem tax exemption claimed by about 15 businesses at the Tampa airports overseen by the authority, according to airport spokespeople. The decision, handed down July 7, reverses a lower court win by Bo...
Brusniak Turner Fine Updates 7/12/2023
NATIONALMultifamily Borrowers Should Have No Problem Extending Loans. But What Comes Next?BisNowWhereas office buildings face enough oversupply to render millions of square feet obsolete, long-term demand for multifamily is among the surest things in real estate. Yet with rent growth slowing to a...
Brusniak Turner Fine Updates 7/11/2023
NATIONALBig Tech Tenants Push Data Center Developers To Stay On Schedule As Supply Chain Woes LingerBisNowPersistent supply chain headaches remain a central challenge for data center developers, particularly providers focused on leasing entire facilities or campuses to big tech hyperscale tenants...
Brusniak Turner Fine Updates 7/10/2023
NATIONALOffice Buildings Aren't Selling, Not Even As Distressed AssetsBisNowEven though consensus has formed that the office sector has lost billions, if not trillions, of dollars in value, a distressed-sale market has yet to materialize. Only $5M worth of office buildings were sold out of forecl...
Brusniak Turner Fine Updates 7/7/2023
NATIONALRetail Is Now Taking The Brunt Of Economic Fallout From Mass ShootingsBisNowWhen Allen Premium Outlets reopened its doors late last month, 25 days after a gunman killed eight people, wounded seven and traumatized hundreds more, many members of the community took to social media to say it ...