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Property Tax Special Assessments

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 -
Parker Poe Adams & Bernstein LLP

Approval of C-PACE in North Carolina Provides New Source of Financing for Commercial Real Estate Industry

North Carolina has joined more than 35 states across the country to adopt a new form of financing for commercial real estate owners and developers. Known as Commercial Property Assessed Clean Energy (C-PACE) financing, the...more

Miller Canfield

Michigan Law Expands Police and Fire Special Assessment Authority to More Cities

Miller Canfield on

​​​​​​​Cities with a population of 15,500 or more now may specially assess for police and fire services under a new law, Public Act 228 of 2022, that becomes effective on March 28, 2023, that amends Act 33, Public Acts of...more

Miller Canfield

Michigan Court of Appeals Holds That Development Agreement Obligations are Extinguished in Tax Foreclosure

Miller Canfield on

The Michigan Court of Appeals recently held that assessments on a property under a development agreement between a city and the property's former owner did not survive a tax foreclosure and therefore were not liens against...more

Burr & Forman

Rollback Taxes in South Carolina: Changes Effective January 1, 2021

Burr & Forman on

The start of a new year frequently includes new or updated statutes, and South Carolina is no exception. 2021 brings an update to South Carolina rollback tax laws, with potentially significant implications for real estate...more

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