News & Analysis as of

Commercial Property Owners Property Owners Property Valuation

Ballard Spahr LLP

PA Supreme Court Clarifies Land Valuation Rules in Pignetti v. PennDOT

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In a significant victory for property owners in Pignetti v. Pennsylvania Department of Transportation (PennDOT), the Supreme Court of Pennsylvania has relaxed the standard for establishing that two noncontiguous parcels of...more

Buckingham, Doolittle & Burroughs, LLC

Ohio provides real property tax benefits for property used for commercial agriculture or conservation purposes through the CAUV...

Ohio reappraises and updates real property valuations every three years, and that means higher taxes. For tax year 2024, reappraisals and updates included counties such as Cuyahoga, Lake, Portage, Stark, Allen, and Sandusky....more

DarrowEverett LLP

High Rhode Island Property Tax Assessment? Here's What to Do Next

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With Rhode Island municipal revaluations of property going into effect for the 2025 tax year, many homeowners and business owners are beginning to explore their options on challenging the new assessment, as most assessments...more

Lowenstein Sandler LLP

When You Owe More Than It’s Worth: Depressed Valuations in the Real Estate Market

Lowenstein Sandler LLP on

Today on “Terra Firma: Conversations on Commercial Real Estate,” Stacey Tyler and Stephen Tanico speak with Harold Bordwin, principal and co-president of Keen-Summit Capital Partners, about recent depressed values in the real...more

Bennett Jones LLP

Update: Draft Legislation on Landlord Tax Liabilities Provides Relief for Residential Tenants

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Since the publication of our blog, Tenants Beware: The Risks of Landlord Tax Liabilities, draft legislation released by the Department of Finance on August 12, 2024, has proposed a change to the Income Tax Act (Canada) (the...more

Tucker Arensberg, P.C.

Allegheny County Moves Tax Appeal Deadline to October 1 - Limited Time for Assessment Relief

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In Allegheny County, tax appeal season has already begun for 2025. For every tax year, County property owners have the ability to file an assessment appeal. ...more

Williams Mullen

Industrial Owners Seeking Fair Tax Treatment Should Differentiate Personal Property From Real Estate Values

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North Carolina taxes both real estate and personal property, but differing valuation schedules and processes for the two types can lead to confusion and inflated tax bills for industrial property owners. Understanding how...more

ArentFox Schiff

Multifamily – A Real Financing Opportunity?

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Prior to 2022, multifamily operators acquired properties throughout the United States at record low interest rates, creating a unique buying opportunity for owners and investors....more

Fox Rothschild LLP

Tax Appeal Filing Deadline Approaching: Review Your Philadelphia Property Tax Assessment

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If you are the owner of a commercial, industrial, retail, office, residential or other property in Philadelphia, now is the time to review the tax assessment for your property against its current market value. Today’s economy...more

Tucker Arensberg, P.C.

State Supreme Court Decision Results in Continued Taxing Body Appeals

Tucker Arensberg, P.C. on

GM Berkshire Hills LLC v. Berks County Board of Assessment (2023 Pa. LEXIS 272, February 28, 2023) – – Split Supreme Court Ruling Enables Taxing Body Assessment Appeals Based on Recent Sales to Remain - Counties, schools...more

Tucker Arensberg, P.C.

Lower 2023 Ratio, Court Case on 2022 Ratio, Extended Appeal Filing Period - New Opportunities for Lowering Your Property Tax...

In Allegheny County, tax appeal season has begun for 2023. Every year, County property owners have the opportunity to file an assessment appeal.  But this year there are unique opportunities for an assessment reduction....more

Pierce Atwood LLP

Now is the Time to Appeal Excessive 2022 Rhode Island Commercial Property Tax Assessment

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January 31, 2023 is the first of several deadlines that must be met in order to appeal your excessive property tax assessment. If you miss it, you will be foreclosed from bringing an appeal, or even effectively arguing that...more

Harris Beach Murtha PLLC

Six Steps Connecticut Property Owners Should Take in the Event of a Revaluation

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Stamford, Waterbury, Danbury are among 39 Connecticut municipalities conducting a general revaluation on the October 1, 2022 Grand List. Depending upon the municipality, property owners have either already received their...more

Parker Poe Adams & Bernstein LLP

What Businesses Need to Know About the 2023 Mecklenburg County Tax Revaluation

Businesses that own real estate in Mecklenburg County should be on the lookout for an increase in their tax bills next year. Real estate is often a company’s most expensive asset, and annual property taxes can be a hefty sum....more

Buckingham, Doolittle & Burroughs, LLC

Ohio Real Property Tax – Ohio severely restricts school districts’ rights to challenge property values

Recently-enacted HB 126 significantly alters the rights and procedures for local school districts (among other government entities) to contest property valuations for real property taxes. The changes described below will...more

Farrell Fritz, P.C.

Nassau County Commercial Real Property Tax Alert

Farrell Fritz, P.C. on

Annual Survey of Income and Expenses – ASIE-2021Pursuant to the Nassau County Administrative Code, Section 6-30, the Nassau County Department of Assessment (“the Assessor”) is requiring the submission of 2021 financial data...more

Farrell Fritz, P.C.

Long Island Real Property Tax Alert - February 2022

Farrell Fritz, P.C. on

February 10, 2022 Nassau County Assessment Grievance Filing Deadline Extended to April 30, 2022. The last day to file a grievance to protest the real property tax assessment, which will determine your 2023/24 School and 2024...more

Harris Beach Murtha PLLC

Reminder: Deadline for Real Property Assessment Appeals is February 18

Property owners who wish to challenge their tax assessment, believing that their property is overvalued on the 10/1/2021 Grand List, only have a few weeks left to file a written appeal with the Board of Assessment Appeals...more

Farrell Fritz, P.C.

Long Island Real Property Tax Alert - September 2021

Farrell Fritz, P.C. on

Pandemic Related Changes to the Property Tax System Have Been or Will Be Restored Last year, grievance filing deadlines and tax due dates were changed by nearly every jurisdiction to suit the circumstances. Most, if not all...more

Faegre Drinker Biddle & Reath LLP

Don’t Get Overtaxed: A Guide to Colorado Property Taxes and Appeals in 2021

The pandemic has upended industries across the globe. And while federal and state governmental programs have generously provided aid to certain individuals and corporate entities, such aid currently does not relieve taxpayers...more

Faegre Drinker Biddle & Reath LLP

Saving Money During Tough Times — Appealing Your Property Tax Assessment

A penny saved is a penny earned. This adage takes on new significance when a pandemic ravages the economy. One source of savings that business owners should consider is the possibility of reducing their property taxes. ...more

Fox Rothschild LLP

Deadlines To Appeal Property Tax Assessments Loom As PA Releases Common Level Ratios

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The Pennsylvania Department of Revenue has effectively increased the value of commercial real estate in many counties with its recent release of common level ratios, creating an opportunity for owners of retail, office,...more

Tucker Arensberg, P.C.

Commonwealth Court Decisions Allow Taxing Bodies Discretion In Determining Standards For Tax Assessment Appeals

Punxsutawney Area School District v. Broadwing Timber, LLC, 1209 C.D. 2018 (Pa. Commw. Ct., October 29, 2019) - Since the Pennsylvania Supreme Court’s recent decision in Valley Forge Towers Apartments N, LP v. Upper...more

Faegre Drinker Biddle & Reath LLP

Don't Get Overtaxed: Successful Tax Assessment Challenge Shows Benefits of Apartment Owner Due Diligence

By statute, a variety of property types are assessed based on specific approaches to value – in some cases, at the lowest value indicated by a number of valuation approaches. Apartments are one such property type and, as...more

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