NATIONAL
Let's nerd out about rising rents
AXIOS
From 2015–2019, the average annual rent growth across major markets was 3.5% — but in 2021 it was 13%, said Affleck, senior vice president of research at John Burns Real Estate Consulting.
CONNECTICUT
Connecticut needs relief from the property tax
The CT Mirror
Property taxes are in many ways the most regressive and economically oppressive taxes, resulting in a downward spiral for municipalities, businesses and individuals already in financial distress.
DISTRICT OF COLUMBIA
GW ranks among top D.C. taxpayers, employers: report
The GW Hatchet
The University is among the top 10 property taxpayers, employers and tax-exempt property owners in the District, according to the city's Annual Comprehensive Financial Report released late last month.
ILLINOIS
Under Fritz Kaegi, Cook County's property tax system is undeniably more fair
Chicago Sun Times
In keeping with its watchdog mission, the Chicago Sun-Times has both praised and criticized the actions of Cook County Assessor Fritz Kaegi in a series of stories over the past several months.
Michael Jordan's Highland Park mansion, listed at $15M, will soon mark 10 years on the market
Chicago Tribune
At the end of February, retired Chicago Bulls legend Michael Jordan's 32,683-square-foot Legend Point mansion in Highland Park will mark a rare distinction: It will celebrate 10 years of being for sale.
MICHIGAN
Michigan Court Affirms Property Tax Valuation of Menards Store
Bloomberg Tax
The Michigan Tax Tribunal properly followed the 2016 instructions of the state Court of Appeals when it set the cash value of a Menards home improvement store, the court has said in an unpublished opinion.
Small town vs. big oil
The Daily News
W.B. Osborn has declined to pay the assessed personal property taxes on a Ferris Township property at 9888 E. Hillis Road from autumn 2020 totaling $252,775.
MONTANA
Missoula County launches new property tax allowance aimed at solar panels
KPAX
Commissioners last week voted unanimously in favor of establishing a program that gives commercial property owners the option to repay the cost of renewable energy upgrades through their property taxes.
NEW YORK
Great Northern Mall owner owes $5.1m in property taxes to Onondaga County
CNY Central
The owner of Great Northern Mall has fallen further behind in property taxes owed to Onondaga County and now faces an outstanding bill of $5.1 million.
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