NATIONAL

Banking Crisis Expected To Drag Commercial Real Estate Values Down Even Further
BisNow
Commercial real estate investors who were hoping that falling property values were approaching bottom are likely to be disappointed in the wake of the current banking crisis. Commercial property prices were already down 15% in February from their peak in March 2022, according to a Green Street report last week. 

INDIANA

Making gas from manure: Tax abatement request moves forward
kpcnews.com
The DeKalb County Council Tuesday approved a preliminary resolution for the creation of an economic revitalization area for from a company that wants to turn manure into natural gas. It is seeking a tax phase-in on the project that will create three new jobs with average annual salaries of $52,000.

LOUISIANA

Judge rules against coffee giant in tax exemption lawsuit
Iowa Capital Dispatch
Prompted by a decision Gov. John Bel Edwards made Monday to reject the coffee giant's final appeals for six Industrial Tax Exemption Program (ITEP) applications, Orleans Civil Court Judge Omar Mason dissolved the preliminary injunction Folgers had won in November to hold off on paying property taxes on its New Orleans facilities.

MICHIGAN

Lawmaker wants different property tax assessment on big box stores
The Monroe News
“Dark store theory,” a commonly used but disputed form of property tax evaluation for big box retailers, is being taken on again by an Upper Peninsula lawmaker. Sen. Ed McBroom, R-Waucedah Township, recently introduced legislation that would put into use an assessment standard called “highest and best use.”

NEBRASKA

Buffalo County assessor fields complaints after preliminary property valuations
kearney hub
“Like a box of rocks.” That's how Buffalo County's newly elected assessor, Roy Meusch, describes recent weeks since property owners received notices of their preliminary assessed valuations. After the notices were mailed, Meusch fielded complaints from people who are worried about higher taxes.

TEXAS

Don't understand why Tarrant Appraisal District is in the news? This guide explains why
Star Tribune
If the recent headlines about the Tarrant Appraisal District have left you confused, you're not alone. Happenings at TAD are usually complicated and often in the weeds. So, here's a primer on what TAD does and why it's recently come under fire.

Tarrant Appraisal District board votes to keep chief appraiser. But there are concerns
Fort Worth Report
Chief Appraiser Jeff Law, who for months has faced controversy and scrutiny, will remain in his post as head of the Tarrant Appraisal District following two hours of closed-door deliberation by its board of directors.

The spectre of Chapter 313 rises in the Texas House
constructconnect.com
Chapter 313 officially expired on Dec. 31. Although the program caused division across the political spectrum, Chapter 313 tax incentives were credited with bringing billions of dollars in business investments to Texas. Pressure to reintroduce it, exerted by the business and investment community, has been intense.