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Property Tax › New Legislation › Tax Reform

Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending... more +
Property Taxes are taxes levied against the owner of property located within a particular jurisdiction. Property taxes are often used to refer to taxes on real property. Property taxation schemes vary depending on the country or jurisdiction.  However, a popular system involves a government assessment of the value of a property and a rate based on a proportion of the assessed value. A property may be subject to taxation by multiple taxing entities.  less -
Holland & Knight LLP

Florida Gov. Ron DeSantis Signs 2025 Tax Bill into Law

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Florida Gov. Ron DeSantis recently signed House Bill 7031 into law, enacting sweeping changes to Florida's tax statutes that include updates to the sales tax on commercial leases, sales tax relief, certain corporate income...more

Fox Rothschild LLP

Sticker Shock at Closing Tables for Dealership Sellers

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Selling an auto dealership in New Jersey just got more expensive — and more complicated. As of July 10, 2025, changes to New Jersey’s so-called “Mansion Tax” have shifted the burden of this transfer tax onto the seller. A...more

Bracewell LLP

Texas Tax Update: Key Changes Enacted During the 89th Legislature

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The final day has passed for Governor Abbott to veto legislation that was approved during Texas’ 89th Legislature Regular Session. While the governor has called a special session commencing July 21, he has not identified any...more

Husch Blackwell LLP

Wisconsin Repeals Tax on Telecommunications Towers

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On July 3, 2025, Wisconsin Governor Tony Evers signed 2025 Wisconsin Act 15 into law, marking a significant milestone for the telecommunications industry in the state. This new legislation specifically exempts radio,...more

Fox Rothschild LLP

Real Estate Sellers Face Increased Burden Under New Jersey’s Amended 'Mansion Tax'

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New Jersey has increased its so-called "mansion tax" and shifted the party who must pay the fee from the buyer to the seller. The tax has a substantial impact on owners of New Jersey real estate, but despite its expansive...more

Bressler, Amery & Ross, P.C.

New Jersey Modifies Mansion Tax on Sales of Real Property

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The New Jersey state legislature has passed new legislation, as part of the State’s 2026 fiscal year budget, that directly and significantly impacts sellers and buyers of real property in New Jersey. Previously, a 1% fee...more

McCarter & English, LLP

Mansion and Controlling Interest Transfer Tax Amendments Signed Into Law: Buyers and Sellers Must Move Fast to Avoid Rate Increase

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On Tuesday, July 1, Governor Phil Murphy signed into law Senate Bill S4666/Assembly Bill A5804 (collectively, the Bill), which impacts certain transfers of real property. The Bill amends the existing fees imposed on certain...more

Vorys, Sater, Seymour and Pease LLP

Legislative Changes to the Board of Revision Process are Coming

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Substitute House Bill 96 (Sub. H.B. 96), Ohio’s operating appropriations bill for fiscal years 2026-2027, was passed by the General Assembly on June 25, 2025. The law modifies changes made by Amended Substitute H.B. 126...more

Vorys, Sater, Seymour and Pease LLP

From Indiana to Disney Springs: Major Developments in Property Tax Law

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In the last legislative session, the Indiana General Assembly introduced and passed significant changes to Indiana’s business personal property tax regime. The changes in Indiana’s SB 1, along with subsequent amendments from...more

Vorys, Sater, Seymour and Pease LLP

Ohio Reduces Property Tax on Utilities; Encourages Infrastructure Development

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Ohio Governor DeWine recently signed Substitute House Bill 15 (HB 15) which will become the law effective August 14, 2025. HB 15 contains many reforms related to public utilities including: (1) tax changes favorable to select...more

Dentons

Iowa General Assembly Adjourns Sine Die

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The first session of the 91st General Assembly of Iowa adjourned sine die just after 6 a.m. on May 15 after a full night of caucuses and debate. Slated for 110 days, the legislature extended 13 days beyond May 2 after...more

Dickinson Wright

Ohio House Bill 15 Changes Ohio’s Energy Landscape

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On April 30th, 2025, the Ohio General Assembly overwhelmingly passed Substitute House Bill 15, which makes major changes to state energy policy to encourage the development of more in-state electric generation. Sponsored by...more

Bricker Graydon LLP

Ohio Passes Expansive Law to Promote Energy Generation in Response to Concerns about Grid Reliability

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Rising electricity demand from data centers, industrial reshoring, and electrification have sparked national concern about grid reliability. With forecasts pointing to even greater energy needs, some stakeholders warn that...more

Dentons

Iowa 2025 Legislative Session – Week 13

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Governor Reynolds not seeking reelection - In a video published on Friday, April 11, Governor Kim Reynolds announced that she will not seek reelection in 2026. In the post, Governor Reynolds cited her desire to be with...more

Dentons

Iowa 2025 Legislative Session – Week 11

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Legislators continued to work hard in Week 11 of the 2025 Iowa Legislative Session as the second funnel deadline rapidly approaches. This week featured long caucus meetings followed by floor debate, and the long-awaited...more

Vorys, Sater, Seymour and Pease LLP

The Evaluator - Winter 2025: Ohio Property Tax Updates

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The Legislative Changes to HB 126 Introduced in 2024 Were Not Enacted Into Law - In 2024, there were two separate efforts by the Ohio legislature to amend House Bill 126 (HB 126) to address and clarify issues that have...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - Legislative Day 14 - February 2025

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The Georgia State Capitol buzzed on Monday as power players from across the state assembled for Georgia Electric Membership Corporation (EMC) Day. Linemen, lawmakers, and electric executives all convened to celebrate the 85th...more

Womble Bond Dickinson

Recap of 2024 Arizona Tax Developments: No More City Sales Tax on Residential Rentals!

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Beginning January 1, 2025, Arizona lessors will no longer be required to collect and remit city Transaction Privilege Tax (TPT) on residential rentals. Senate Bill 1131, Chapter 204, Laws 2023 amended Ariz. Rev. Stat. Ann. §...more

Nelson Mullins Riley & Scarborough LLP

Gold Dome Report - Legislative Day 5 - January 2025

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As the world reacted to the shove heard round the world, the General Assembly kept a low profile on Friday. Convening an hour earlier than the Senate, the House gaveled in and out before senators even made it to their desks....more

Pullman & Comley - For What It May Be Worth

Connecticut Motor Vehicle Taxation Laws Revised Again

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In 2022, the Connecticut General Assembly enacted a group of laws that changed the manner in which motor vehicles are assessed and taxed. The complete implementation of these statutes has been delayed in part due to various...more

Pullman & Comley - For What It May Be Worth

New Remedial Bill Concerning Connecticut Property Tax Exemption for Manufacturers in Certain Municipalities

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Connecticut has adopted a variety of property tax exemptions for certain specified uses of real and personal property, including property used in manufacturing. The prerequisite filing obligations and deadlines associated...more

Womble Bond Dickinson

Review of 2022 Arizona Tax Highlights

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ARIZONA TO IMPLEMENT 2.5% FLAT TAX AHEAD OF SCHEDULE - Governor Doug Ducey announced that Arizona will implement its new 2.5% flat income tax rate on January 1, 2023, a full year ahead of schedule. According to Gov. Ducey,...more

Parker Poe Adams & Bernstein LLP

South Carolina Passes Targeted Tax Reform Legislation

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The South Carolina General Assembly passed tax reform legislation providing targeted relief to individuals and to manufacturers, including (i) a one-time rebate of up to $700 in 2021 taxes for individuals; (ii) cuts to the...more

Steptoe & Johnson PLLC

West Virginia Legislative Brief: Commentary from Gil White - February 2020

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Welcome to the 2020 Legislative Brief, your one-stop shop for legislative news from a variety of sources throughout West Virginia, and my view of the legislative happenings on the horizon. February 14, 2020, marks the 38th...more

Orrick, Herrington & Sutcliffe LLP

Legislation Relating to Public Finance Enacted by the 86th Texas Legislature (Regular Session)

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This document briefly summarizes a select list of legislation relating to public finance enacted by the 86th Legislature (Regular Session) that became law. Bills are arranged alphabetically by subject matter, separating laws...more

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