News & Analysis as of

Condominiums Property Valuation

Sands Anderson PC

Virginia Real Estate Law Updates for 2025

Sands Anderson PC on

Effective July 1, 2025, Virginia is implementing several key changes affecting real estate transactions, land use approvals, local governance, and secured lending. Below is a comprehensive overview of what’s changing – and...more

International Lawyers Network

Buying and Selling Real Estate in Colombia (Updated)

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER COLOMBIAN LAW- 1. Standard Forms of Agreements to buy and sell Real Estate: Despite the existence of several types of agreements to implement real estate transactions in...more

International Lawyers Network

Buying and Selling Real Estate in Colombia (Updated)

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER COLOMBIAN LAW- 1. Standard Forms of Agreements to buy and sell Real Estate: Despite the existence of several types of agreements to implement real estate transactions in...more

Pullman & Comley - For What It May Be Worth

When is an Easement Subject to Taxation

Most folks laboring in the property tax and valuation vineyards would not think that an easement attached to a parcel of real estate could create a separate tax liability for its owner.  That presumption might be true in most...more

International Lawyers Network

Buying and Selling Real Estate in Colombia (Updated)

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER COLOMBIAN LAW - 1. Standard Forms of Agreements to buy and sell Real Estate: Despite the existence of several types of agreements to implement real estate transactions in...more

International Lawyers Network

Buying and Selling Real Estate in Colombia (Updated)

KEY FACTS OF REAL ESTATE ACQUISITIONS UNDER COLOMBIAN LAW - 1. Standard Forms of Agreements to buy and sell Real Estate: Despite the existence of several types of agreements to implement real estate transactions in...more

Coblentz Patch Duffy & Bass

San Francisco Considers Reducing Commercial and Condominium Tax Assessments Pending Data on How the Pandemic has Impacted Property...

In 1978, California voters passed Proposition 8, which amended the California Constitution to allow a temporary reduction in assessed value when the market value of a property has fallen below its factored base year value as...more

Winstead PC

Timing of Common Area Conveyances

Winstead PC on

Taxes! In Texas, common area will be valued at a de minimus value, but usually only if the common area is owned by the association. So long as the land area that will be common area is owned by the developer, the tax assessor...more

Ballard Spahr LLP

Court Rejects Philadelphia's Method of Assessing Condominium Properties

Ballard Spahr LLP on

In Philadelphia, real estate taxes are based on assessed values set by the Office of Property Assessment (OPA). The OPA sets a land value and improvement value for each property. Since 2003, the City has given owners of new...more

Franczek P.C.

Court Rejects PTAB Decision for Excluding Evidence of Deceased Appraiser

Franczek P.C. on

At the end of 2016, the Illinois appellate court reversed and remanded a PTAB decision that excluded one party’s evidence because the appraiser who authored the appraisal died prior to the hearing. The case at issue, 1411...more

Ballard Spahr LLP

Court Ruling May Result in Property Tax on Previously Exempt Community Association Property

Ballard Spahr LLP on

A recent Nevada Supreme Court decision suggests that community association common areas may be subject to property tax based upon the value of common area improvements, even if the underlying land is effectively valueless...more

Cozen O'Connor

Sixth Circuit Holds That Declines in Market Value are Not a Factor in Determining Actual Cash Value

Cozen O'Connor on

In a case of first impression in Michigan, the federal Court of Appeals determined last month that general market conditions could not be considered when calculating actual cash value. In Whitehouse Condominium Group, LLC v....more

Faegre Drinker Biddle & Reath LLP

Indiana Condominium Owners Failed To Show Their Unit Suffered From Obsolescence Or Was Valued Higher Than Comparable Properties

In Kamenova v. Marion County Assessor, Cause No. 49T10-1108-TA-49 (June 4, 2014), Owners of a condominium unit argued the unit’s 2006 assessment was too high due to the negative impact of excessive noise, foul odors, and...more

Levenfeld Pearlstein, LLC

Assessments, Condos vs. Town Homes

Chicago Tribune Condo Adviser columnist Howard Dakoff explains why there's not always a one size fits all formula for calculating town home assessments. Howard is a partner in the Community Associations Practice Group of...more

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