Fannie Mae's Secret Loan 'Blacklist' Includes 1,400 Buildings And Counting
Fannie Mae and Freddie Mac, the government-sponsored enterprises that guarantee a huge sum of home and multifamily loans, have a growing list of condominium buildings, associations and co-ops that they won't lend to, the Los Angeles Daily News reports.
Construction Hiring Can't Keep Up With Billions In Government-Driven Spending
Construction spending is up across the country, even as a tough economic climate bears down on development, but finding workers continues to be an issue as large numbers of openings go unfilled and billions of dollars in government spending heads down the pipeline.
Dude, Where's My Truck? Parking Shortage Pushing Up Price For Big Rig Real Estate
In the U.S., 18-wheeler big rigs are synonymous with commerce, barreling down the country's interstate system to deliver goods of all shapes and sizes to stores or straight to buyers' doors. But while everyone is familiar with these hulking haulers, their role as a demand driver for a class of commercial real estate is more covert.
Rushmore rejected: California Court of Appeal finds Los Angeles County assessor improperly taxed intangibles when valuing hotel
State and Local Tax
The California Court of Appeal held that the Los Angeles County Assessor erred by failing to remove the value of certain nontaxable intangible assets when valuing a hotel for property tax purposes. Intangible assets are generally exempt from property tax in California.
Proposed bill would cap statewide commercial, industrial property taxes at 31.25 mills; offer tax credits to companies that lease space in distressed city centers
State lawmakers are considering a statewide cap on local property taxes for industrial and commercial buildings, along with other powerful incentives for redevelopment in the downtowns of distressed cities. The proposal by State Sen. John Fonfara, co-chair of the General Assembly's powerful Finance, Revenue & Bonding Committee, has prominent backers, like Hartford Mayor Luke Bronin.
County's Property Tax Assessment Board of Appeals denies auditor's request to lower assessments on properties
The Republic News
One of Bartholomew County's top elected fiscal officials lost multiple appeals of property tax assessments on property that she owns or has an ownership interest in. County Auditor Pia O'Connor is listed as at least part owner on three of five O'Connor family tax assessment appeals that were denied Tuesday by the Bartholomew County Property Tax Assessment Board of Appeals (PTABOA).
Court: Hotels ‘damaged' by pandemic shutdowns don't qualify for tax relief
New Hampshire Bulletin
Nine New Hampshire hospitality businesses have lost an argument that their forced closures during the start of the pandemic warrant property tax relief. In an opinion released Tuesday, the state Supreme Court rejected their claim that the pandemic was a “natural disaster” that “damaged” their businesses, elements required for property tax abatement in New Hampshire.
State tax commissioner recommends huge property value hikes
All of the other counties received recommended value increases last week except Butler County. The highest recommended hike is 43% in Clermont County just east of here and Montgomery County to the north was informed their values for residential properties should go up 37% — and commercial by 13%.
Home prices are down but your taxable property value may still rise
Across Central Texas, homeowners will either receive or have already received their property appraisal notices. Nearly half a million appraisal notices will be in mailboxes across Travis County this week. Hays Central Appraisal District plans to mail out notices starting Tuesday, April. 18. In Williamson County, the central appraisal district already mailed notices at the end of March.
County considers AI system to answer calls for tax office amid work overload
Denton County commissioners on Tuesday moved to postpone considering the purchase of an intelligent virtual assistant telephone answering system for the Denton County Tax Office. The consideration was to approve the purchase of Five9 Studio Development, a call center software, to assist.
Spit shields sound sensible
The Daily News
Humanity has produced the Mona Lisa and the works of Shakespeare. We've put men on the moon and developed cures for diseases. You'd think that in light of those accomplishments, we might be a civilized people. Recent security measures made at the county's new mainland tax offices — plexiglass barriers to protect office employees from angry customers who spit, yes, spit, or throw things — may suggest otherwise.
County judge nominates his campaign treasurer to the embattled Tarrant Appraisal board
Tarrant County commissions nominated Judge Tim O'Hare's former campaign treasurer Tuesday to the Tarrant Appraisal District board of directors. The nomination follows the recall of board chair Kathryn Wilemon by Keller City Council in February. Wilemon resigned after her recall, leaving the board and political leaders questioning how to fill the seat.