Bedrock withdraws $60M tax abatement request for Detroit Hudson's site
Click On Detroit
Dan Gilbert's Bedrock has withdrawn its request for a $60 million tax abatement from the City of Detroit for the company's Hudson's site development, with plans to bring it back up at a later time. Detroit City Council was set to take up the issue at a meeting on Tuesday. It was unclear if Bedrock had the votes for approval.
Large office building owes over $10 million in back property taxes
Mid Hudson News
Property at 701 Grant Avenue in the Town of Ulster that once housed IBM offices owes more than $10.1 million in back taxes and penalties and Ulster County has not taken any action to foreclose on it since it was eligible to do so in 2013.
Cleveland nonprofit hospitals get millions in property tax breaks. Many are asking, 'Is it worth it?'
ABSTRACT: In 2019, the Cleveland Clinic along with other Northeast Ohio hospitals, received more in tax breaks than they spent on charity care or community investments, according to a recent report by the Lown Institute, a think tank that studies hospital systems.
Luzerne County real estate increasingly selling above assessed values
Real estate in Luzerne County is increasingly selling for more than the assessments used for taxation, but officials are not ready to pull the trigger on another countywide reassessment at this time.
Montgomery County commissioners decline 10-year tax break for steel factory
Montgomery County commissioners declined to vote on a proposed 10-year tax abatement for Husteel America's planned factory near Splendora, leaving the item to die at a June 28 commissioners court session. Any future abatements will require a 30-day notice before they can be discussed again.
GlobiTech chooses Sherman for $5 billion plant
GlobiTech is moving forward with plans to expand its presence in Sherman. After months of negotiations and discussions, Gov. Greg Abbott announced that the tech company has chosen Sherman as the site of its new multi billion dollar silicon wafer plant.
DFW home-flipping up 133 percent since 2021
Investors flipped a record 2,675 single-family homes and condos in DFW in first quarter 2022, about 133 percent more than in 1Q2021, according to Attom Data Solutions. Flips represented about 13 percent of all sales in the area.
Public payday: How can Dallas afford $150 million in tax breaks for three big projects?
Dallas Morning News
Yet on Wednesday, the City Council agreed to pony up $150 million in tax breaks and cash grants to incentivize three major real estate projects – two around downtown and one in southern Dallas. The big commitment raises two questions: Why does Dallas have to pay companies to invest here? And where is Dallas getting that kind of money?
Tarrant appraisal employee files complaint against tax consultant
Fort Worth Star-Telegram
A Fort Worth Realtor who has helped tens of thousands homeowners protest their property tax appraisals is under investigation — the result a complaint from an employee at the government entity he fights.