CANADA
Small business owners in B.C. balk at unexpected property tax change
Vancouver Sun
Murray Fraser got his first snowboard at a ski show in Las Vegas and learned to snowboard at Cypress Bowl in 1986. He opened one of the first specialty snowboard shops in Vancouver the next year and later moved into a 5,000-square-foot location on Fourth Avenue.
NATIONAL
Flood Costs in Several States' Commercial Real Estate Set to Soar
The Street
Flood damage from climate change could cost the commercial real estate industry $16.9 billion a year by 2052, according to a study published by First Street Foundation.
HAWAII
Hawaii's ultra-luxe real estate is smashing records. Here's what's selling
CNBC
Hawaii's luxury real estate market is soaring to all-time highs fueled by several factors including pent-up demand from the coronavirus pandemic, record low interest rates and rising equity markets.
MASSACHUSETTS
Report: Massachusetts Homeowners Lose Millions in Home Equity Theft Racket
Pacific Legal
Massachusetts is one of a dozen states that still practice home equity theft: When a homeowner owes a tax debt, no matter how small, the local government can force a foreclosure and keep the full selling price of the home—leaving the homeowner with nothing.
NEW YORK
New York Homeowners Delinquent in Property Taxes Win Some Relief
Bloomberg Tax
New York homeowners behind on their property taxes won a temporary reprieve that will allow them to continue to be eligible for a popular state-funded tax exemption program.
OHIO
Ohio Senate set to vote on a bill that would hamstring school districts from challenging property values
Cleveland
Last week, House Bill 126 advanced with several changes school districts say are worse for them than the original bill. They warn that commercial property owners would be able to lower their values easier and that homeowners will have to pay more in taxes.
TEXAS
Some Texas church homes are too big qualify for property tax break
Houston Chronicle
Sitting on 1.1 acres, it shouldn't qualify for the parsonage tax break. But in 2018, Montgomery County appraisers granted it anyway to Houston Grace Church — one of at least four tax-free clergy...
Kilgore approves tax abatement for Camfil USA's planned $45 million Kilgore facility
Kilgore News Herald
The City of Kilgore approved the designation of a new local reinvestment zone and a tax abatement agreement, paving the way for the Sweden-based filtration product manufacturer's new $45 million facility to be constructed in Synergy Park over the next three years.
Appraisal rolls certified on time…for a change
The Austin Bulldog
Taxing jurisdictions rely on a timely certified roll to establish the total value of their tax base. That data is needed for jurisdictions to prepare their annual budgets and set tax rates for the coming year.
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