Golf Courses Hold On To Pandemic Boost, Stave Off Further Contraction
Some of the biggest swaths of land in most U.S. cities, golf courses have shut down and been gobbled up by developers as younger generations' interest in the sport waned, but a pandemic-fueled golf boom seems to have slowed that trend.
Student Housing Rents Reach Record Highs
Student housing rents leaped 7% year-over-year in March, reaching a record high of $829 per bed. Pre-leasing for the next academic year is setting records as well, according to a new report from Yardi Matrix. As of March, 69.7% of beds at 200 universities surveyed by Yardi were pre-leased for the fall term, up 7.8% over a year ago in the sector's best performance of any March.
1 big thing: Signs of a rent inflation peak
Rent inflation is coming back down to earth, Emily writes. Driving the news: The month-over-month pace of rent growth was 0.5% in March; a drop from the second half of 2022 when the monthly numbers were hovering at 0.8%. That could signal further drops to come. "The rollover in rents is finally underway," wrote Kieran Clancy, senior U.S. economist at Pantheon Macroeconomics, in a note.
Lawmakers strip key bill of most property tax relief
House legislation tackling high property tax bills lost the majority of those provisions during a Senate committee meeting Tuesday, with senators saying “permanent” relief could come in the future after Indiana reduces pension liabilities. They instead inserted three food and beverage tax bills into the proposal, wading into a local dispute.
County rescinds data center tax abatement
Patriot News MN
The Sherburne County Board Tuesday passed a resolution rescinding a tax abatement for a proposed data center project in Becker. In 2019, the board approved Jet Stream LLC's request for tax abatement for 20 years on property owned by Xcel Energy in Becker. The developer intended to purchase the property to build a data center.
Charted: Paving paradise for parking lots
Dallas, Arlington and Fort Worth devote a significant amount of their valuable real estate to parking spots, according to the Parking Reform Network. Why it matters: The national organization says parking lots limit a city's potential. "Cities with high parking have ample land that could be devoted to building walkable neighborhoods, vibrant parks or office districts," the organization says.
Dallas County Appraisals Will Be Late, Deadline Pushed Back
Dallas County expects to send its appraised value notifications a week later — April 21, instead of the typical notice date of April 15. That means Dallas County homeowners' 2023 deadline to file a protest will be May 22. There's also a different set of deadlines and procedures for business personal property.
North Texas home values expected to increase 10% to 20% over last year
Property appraisal notices are starting to go out across North Texas this week, with another 10% to 20% increase in home values expected across the region over last year. The latest increase could lead to yet another increase in property tax bills in the fall, if school districts, cities and counties, don't decrease their taxing rates.
Texas House passes $12 billion property tax relief bill package
On Thursday, the Texas House passed a $12 billion proposal aimed at providing property tax relief to property owners across the state. House Bill 2, authored by State Rep. Morgan Meyer and backed by House Speaker Dade Phelan, passed the full House in an overwhelming 140-9 vote. It still needs to pass a final vote in the chamber before going to the Senate for approval – or disapproval.
There are no comments for this post. Be the first and Add your Comment below.
Leave a Comment