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State and Local Government › Property Tax › Tax Abatement

Keating Muething & Klekamp PLL

Ohio Revised Code § 5709.56

Keating Muething & Klekamp PLL on

In 1972, the average home price in the United States was approximately $30,000. Fifty years later, that number broke $500,000, an increase that is, no doubt, aggravated by a 4.5 million-unit deficit in supply. State and local...more

McGuireWoods LLP

Fairfax County Tax Abatement Program Begins

McGuireWoods LLP on

In 2020, Fairfax County, Virginia, adopted an Economic Incentive Program (EIP) that, among other incentives, provides for a partial real estate tax abatement equal to the difference in value between the base value...more

Holland & Knight LLP

District of Columbia Releases Regulations for the Housing in Downtown Tax Abatement

Holland & Knight LLP on

The Office of the Deputy Mayor for Planning and Economic Development (DMPED) for the District of Columbia issued regulations effectuating the Housing in Downtown Tax Abatement (Abatement) on March 22, 2024. The regulations...more

Akerman LLP

D.C. Government Publishes Proposed Rules on Tax Abatements for Residential Conversions

Akerman LLP on

Washington D.C.’s Office of the Deputy Mayor for Planning and Economic Development (DMPED) released its proposed rules establishing how the D.C. government will implement the Housing in Downtown Tax Abatement program. A...more

Pullman & Comley, LLC

What to Do If You Disagree with Your FY2024 Massachusetts Assessment

Pullman & Comley, LLC on

January 1 is the date when most third quarter tax bills are mailed in Massachusetts; therefore, under M.G.L. Chapter 59, the majority of abatement applications must be filed with local assessors’ offices on or before...more

Pullman & Comley - For What It May Be Worth

New Property Tax Laws in Connecticut

Pullman & Comley - For What It May Be Worth on

While the recently concluded 2023 legislative session focused largely on other forms of taxation, the Connecticut General Assembly did pass several noteworthy acts regarding property taxation. Income and Expense Reports...more

Pullman & Comley, LLC

Property Tax and Valuation Topics - Winter 2018

Pullman & Comley, LLC on

Hartford Bankruptcy Threat Postponed - The immediate possibility of Connecticut’s capital city filing a bankruptcy petition has been mitigated as a result of the newly adopted Connecticut budget. ...more

Dickinson Wright

Nevada's Renewable Energy Program Getting The Partial Abatements/Exemptions

Dickinson Wright on

Nevada enacted a Renewable Energy Tax Abatement program in 2009, which it operates under the Governor’s Office of Energy (“GOE”). For eligible renewable energy facilities, the program awards partial abatements for sales and...more

McDermott Will & Emery

Should Companies Adjust Their Incentive Strategies in Light of New Governmental Accounting Disclosure Requirements?

McDermott Will & Emery on

Earlier this month, the Governmental Accounting Standards Board (GASB) approved Statement No. 77, Tax Abatement Disclosures, which requires state and local governments to report on foregone revenue from tax abatement...more

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