INTERNATIONAL
Undeclared pools in France uncovered by AI technology
BBC News
Following an experiment using artificial intelligence (AI), more than 20,000 hidden pools were discovered. They have amassed some €10m ($9.9; £8.5m) in revenue, French media is reporting. Pools can lead to higher property taxes because they boost property value, and must be declared under French law.
NATIONAL
The Much-Maligned Inventory Tax
Forbes
Third, inventory taxes are unfair because they are nonneutral, and businesses that must maintain large inventories, such as manufacturers and retailers, are penalized by paying more in tax than businesses maintaining smaller inventories.
ALASKA
Opinion: Commercial property valuation is ‘out of control'
Juneau Empire
The way in which valuation of commercial property is decided in Juneau is out-of-control. For the most part, Juneau's Board of Equalization rubber-stamps the city bureaucrats' commercial assessment process.
CALIFORNIA
Tishman Speyer, Hines Appeal SF Property Tax Assessments
The Real Deal
The pandemic and remote work have impacted commercial real estate in San Francisco. Now eight landlords with properties assessed at more than $100 million want their property tax bills cut in half.
ILLINOIS
Five years after massive Illinois education funding overhaul, backers see signs change is working
Journal-Courier
The Evidence-Based Funding formula was designed to calculate the actual cost for each district to provide the kind of education the state expects, and then gradually increase the share of that cost that's paid for by the state.
MASSACHUSETTS
Billerica farm may close after nearly 80 years; Owner refuses to pay $300,000 in taxes
CBS News
A Billerica farm may have to close after nearly 80 years in business. The town says the operation owes $300,000 in back taxes. "I do not have a breakdown. I just have a grand total. I'd like to see the breakdown of what they are actually charging on the business land."
How government encourages property theft in Massachusetts — and homeowners are fighting back
The Hill
The first time Mark Mucciaccio of South Easton, Mass., remembers hearing of Tallage Lincoln LLC was when he learned the real estate investment company had taken his longtime family home out from under him.
NEBRASKA
US Supreme Court asked to rule on Nebraska's 'home equity theft' law
kpvi.com
All it took for Kevin Fair and his now-deceased wife, Terry, to lose their home of 27 years was failing to pay a $588.21 property tax bill. That set off a process outlined in Nebraska law through which a private firm claimed their mortgage-free, $60,000 home — all 912 square feet of it, with its three bedrooms, one bathroom and partially finished basement.
NEW YORK
Poloncarz: Erie County property tax rate will be cut in 2023
wgrz.com
Erie County Executive Mark Poloncarz announced on Twitter Monday that the property tax rate in Erie County will be cut for 2023. He says the cut will be released in the proposed budget which will happen in about a month.
NY Tax Break Row Can't Be Argued In Fed. Court, Judge Affirms
Law360
A New York City nonprofit's claim that it was unlawfully denied a property tax exemption still cannot be argued in federal court, as the nonprofit failed to prove there aren't adequate...
Home Depot distribution center to open in Schuyler Business Park
Times Telegram
Home Depot will build a last-mile distribution center in the Schuyler Business Park in Herkimer County, bringing new jobs to the area. The Herkimer County Industrial Development Agency (IDA), in partnership with Bloom Utica, LLC, announced the project Monday.
Manhattan Has a Glut of Empty Offices. Hochul Wants to Build More.
The New York Times
In a bid to reshape Midtown Manhattan, Gov. Kathy Hochul and New York State officials are pushing ahead with one of the largest real estate development projects in American history: 10 towers of mostly offices around Penn Station, the busiest transit center in the country.
SOUTH DAKOTA
Duvall Shocked By County Testimony During Summer Study Meeting On Property Taxes
KCCR-AM
An interim legislative committee is looking at South Dakota's property tax structure and the burden of those taxes on everything from counties, to schools, to homeowners. District 24 Senator Mary Duvall of Pierre is Vice Chair of the Committee...
VIRGINIA
King William cuts personal property tax rates by $1
Daily Press
King William County residents will see a cut in personal property tax rates. In response to a rise in vehicle values, the county Board of Supervisors last week approved a reduction in property tax rates for motorcycles, vans, cars and trucks.
Personal property tax increase reflects national inflation
WVVA
Inflation has been affecting our entire country, and this will be reflected in Tazewell County residents' property taxes this fall. Using the National Automobile Dealer's Association guide, car values went up on average a total of 22% in Tazewell County due to the pandemic, chip shortages, and market conditions.
Montgomery County considering merchant's tax elimination
roanoke.com
The possible elimination of Montgomery County's merchant's capital tax is a proposal being supported by several major employers. The county Board of Supervisors discussed the future of the tax this past week during a meeting that was also attended by a handful of employers.
WASHINGTON
Washington's constitution has broadest definition of property in the country
Washington Policy Center
Although most state constitutions mention how real, personal, tangible or intangible property should be taxed, the vast majority don't define those terms. Of those that define property, Washington's constitution has the broadest definition.
Comments
There are no comments for this post. Be the first and Add your Comment below.
Leave a Comment