NATIONAL

Why fixing the economy means bad news for hotel rates
The Points Guy
Hotel companies during the pandemic advised hotel owners to keep rates at relatively normal levels, as discounted rates wouldn't incentivize people to book a stay during a health crisis and lockdown. That enabled hotel companies to bounce back from pandemic lows far quicker than in any prior downturn.

Nashville Has the 5th Lowest Property Taxes in the U.S.
The Tennessee Tribune
America's homebuyers have had an extraordinarily difficult few years. Heavy demand and scarce inventory in late 2020 and 2021 led to record growth in prices, while a run of high inflation throughout the economy made it more difficult to save up for a home. As the Federal Reserve has raised interest rates to cool demand in housing and other sectors, the costs to borrow for a mortgage have also increased.

Analysis: Vacant office buildings could increase property taxes for all CRE owners
Connected Real Estate Magazine
Empty office spaces have been one of the biggest consequences the commercial real estate industry suffered, from a business perspective, following the COVID-19 pandemic. Decreased rents have had a negative impact on office CRE owners, but there's another pain point they will likely have to deal with — higher property taxes.

HAWAII

Honolulu Property Taxes May Sting But They Are Still Paltry By National Standards
Honolulu Civil Beat
The city faces some very large new expenses, imposed by state or city officials who are long gone from the scene, just as the last of the federal Covid-19 relief money drains from its coffers, as inflation continues to surge and as rising interest rates make it more expensive to borrow.

ILLINOIS

‘'I was disgusted': Pilsen property owners brace for tax rate increased by 46%
CBS Chicago
Ready or not, the first installment for property tax bills in Cook County are due by midnight. This follows months of protests and pushback from homeowners in Pilsen, who said they were blindsided by tax hikes. So what does the future hold especially for those who can't afford their new assessments? CBS 2's Andrew Ramos went looking for answers.

INDIANA

Statehouse Democrat calls for property tax reform amid spikes in bills
WFYI
Hoosiers will be getting their property tax bills in the coming days and weeks – and many of those bills are going to be a lot higher than last year's. That's why one state lawmaker says the property tax system needs major reform. Increased home prices across much of Indiana are driving up home values – and that, in turn, is raising many Hoosiers' property tax bills. 

MASSACHUSETTS

'Not Seeing Any Activity At All': Once-Hot Life Sciences Leasing Market Freezes
BisNow
The life sciences industry, one of the pandemic's fastest-growing commercial real estate sectors, is now facing a sharp slowdown in demand as biotech firms grapple with economic pain. Developers in the industry's largest hub, Boston and Cambridge, say they are having a hard time leasing their buildings as growth has begun to drop off in recent months.

NEBRASKA

Legislature gives property tax measure first-round approval
Nebraska Public Media
The bill advanced Monday tries to hold down property taxes, which are assessed by local political subdivisions to, pay for services likes schools and city and county government. The proposal does so, in part, by using state revenues – primarily from income and sales taxes – to increase two existing programs that reimburse property owners for part of what they pay in property taxes.

NORTH CAROLINA

Hospital systems get millions in property tax breaks
NC Health News
Every year, Terry Taylor-Allen and her husband, William, pay property taxes on their bungalow in Charlotte's Dilworth neighborhood. Although the bill has skyrocketed since they moved in 30 years ago, they know the money supports schools, police and other important services.

Local malls are worth less than they used to be, according to Mecklenburg County
Axios Charlotte
What's happening: SouthPark, Northlake and Carolina Place malls are all worth less than they were in 2019, according to new property values that came out in March. The main parcel on SouthPark Mall's property fell from $323.3 million in 2019 to $273.9 million in 2023, a 15% decrease. 

PENNSYLVANIA

How much north-central Pennsylvania nonprofit hospital executives are paid
Inquirer
A Commonwealth Court judge recently revoked the property tax exemption of a nonprofit hospital in Southeastern Pennsylvania because its parent company was operating with a profit motive. Tower Health charged the hospitals it owned exorbitant management fees, Judge Christine Fizzano Cannon found. 

TEXAS

Dallas-Fort Worth-Arlington Has The Highest Effective Property Tax Rate in Texas
CandysDirt.com
North Texas residents who purchased a home in the past few years have likely experienced a fair amount of sticker shock when it comes to their property tax bill. As home prices have increased in response to record demand and low inventory, so have property taxes. 

WEST VIRGINIA

Bill Limiting Property Tax Sale Purchases by Certain Governments, Bad Actors Clears Finish Line
The Intelligencer
Legislation that will prohibit foreign countries on U.S. government watch lists and fly-by-night property speculators from purchasing land at county tax sales was approved by Gov. Jim Justice, adding another tool in the toolbox for local governments. Senate Bill 548, clarifying what parties can redeem delinquent property and limiting those entitled to bid, was one of several bills signed by Justice before a midnight deadline Wednesday.