Property Tax News Articles & Updates

Brusniak Turner Fine Updates 10/25/2022

Posted by John Brusniak | Oct 25, 2022 | 0 Comments


Bay Area the only region in California where homes are selling for less than a year ago
Red Bluff Daily News
Perhaps it was inevitable – what goes up, up, up, must come down eventually. Homes in the Bay Area are now selling for less than they were a year ago, the only part of California where that is true, as rising interest rates continue to throw cold water on the region's once-scorching pandemic real estate market.


The wind turbines on his Colorado farm are 20 years old. Who's going to take them down?
They told him about a coming wind project and pressed him to sign a contract on the spot to lease his land for turbines. Fehringer consulted an attorney in Sterling who said the contract was vague but fairly similar to what an oil and gas company might present. The agreement was signed within a few weeks. Fehringer soon had nine of the Peetz Table wind project's 33 turbines turning on his Logan County land.


Owner of proposed asphalt plant in Hamburg owes $1 million in back taxes
Buffalo News
The owner of the former concrete facility in Hamburg who has proposed an asphalt plant on the parcel owes more than $1 million in back taxes on the property. The 53-acre property along Camp Road is the former site of Great Lakes Concrete Products, and AL Asphalt wants to operate a hot mix asphalt plant there.

Real Estate Makes Up Larger Share Of NYC's Tax Revenue Even Amid Value Reset
Real estate taxes have steadily become a larger and larger part of New York tax collections over the last eight years as the city faces a fiscal crisis. In the financial year ending 2021, real estate-related taxes made up 54.1% of tax collections, up from an average of 51.9% between 2015 and 2018, according to a new report from the Real Estate Board of New York.

Why Trump Tower's Profits Plunged
Donald Trump migrated to Florida after losing the 2020 election, abandoning New York for Palm Beach. The tax rates are better down south, but there's one particular levy that the former president has not figured out how to escape. At Trump Tower, he had to pay $11.8 million in property taxes last year—more than twice the amount he was paying a decade ago.


From six-figure tax bills to $0: How Sen. Johnson's trust fund avoids paying state taxes
State records show a trust fund started by Republican Sen. Ron Johnson hasn't paid any Wisconsin taxes since 2016. Before then, the fund paid hundreds of thousands of dollars each year in state taxes. With Wisconsin voters labeling the economy a top issue ahead of what projects to be a tightly-contested statewide election between Johnson and his Democratic challenger, Lt. Gov. Mandela Barnes.

About the Author

John Brusniak

John Brusniak, Jr. is the dean of Texas property tax litigation.  He was licensed to practice law in 1976,   His early career involved general litigation and appellate work in both the federal and state courts until he was handed his first property tax matter.  It arose prior to the implementatio...


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