Williams Mullen's COVID-19 Comeback Plan: Tips for Virginia Real Estate Assessment Appeals in a COVID-19 Environment
If you own retail, office, industrial or other commercial property in Pennsylvania, now is the time to review the tax assessment for your property against its current market value. The increase in interest rates has caused...more
Taxpayers seeking to contest real property tax values established by assessing jurisdictions across the country often have a short window of opportunity to contest their new valuation. The below map highlights some upcoming...more
La décision récente rendue dans l’affaire 1164708 B.C. Ltd. v. British Columbia (l’« affaire 1164708 B.C. Ltd. ») traite de l’applicabilité de la taxe supplémentaire sur les transferts de biens (property transfer tax) (la «...more
Appeal deadline is currently March 14. Council has introduced an ordinance to extend deadline to March 31, 2025. The ordinance will not be considered until March 13....more
Continued pressures created by elevated levels of mortgage interest rates, vacancies, as well as stricter lending policies, point to higher capitalization rates, lower property values and tax appeal opportunities in 2025....more
Property tax is a major concern for Texas property owners, since it represents one of the most substantial expenses they face. In 2023, local taxing entities’ property tax collections totaled $82.1 billion, matching the total...more
As readers of this blog probably know, a property tax appeal is initiated by filing a petition with a municipality’s Board of Assessment Appeals. Typically, the appeal must be filed with the Board no later than February 20. ...more
A large number of Connecticut municipalities began conducting revaluations as of October 1, 2022. Important topics for taxpayers to consider include...more
In most cases, in order to bring a tax appeal to the Appellate Tax Board in Massachusetts, taxpayers must have paid each tax installment for the relevant Fiscal Year in full, by the due date, and without incurring interest....more
“Because a tax appeal is heard de novo [Latin “anew”], a trial court judge is privileged to adopt whatever testimony he reasonably believes to be credible.” Sears, Roebuck & Co. v. Board of Tax Review, 241 Conn. 749, 755-56,...more
On February 1, 2022, the Pennsylvania Supreme Court granted a Petition for Allowance of Appeal in GM Berkshire Hills LLC and GM Oberlin Berkshire Hills LLC v. Berks County Board of Assessment and Wilson School District, 16...more
Do you suspect your Ohio real estate may have been incorrectly valued? If so, you have the right to challenge this value under Ohio Revised Code § 5715.19. Per this statute, property values are challenged one year in...more
In the continuing litigation between taxing bodies and taxpayers over how and when taxing bodies may file property tax assessment appeals, Commonwealth Court recently issued a decision clarifying when such appeals may occur,...more
Ohio law permits property owners and school districts to participate in administrative appeals regarding the valuation of real estate. School districts derive substantial revenue from property taxes, while property owners...more
As the COVID-19 pandemic continues to impact the commercial real estate market, property owners will be focusing on ways to reduce operating expenses, including real estate taxes... ...more
The Illinois Appellate Court recently upheld a decision of the Illinois Property Tax Appeal Board (PTAB) involving the assessed value of a farm property owned by Edward Sims Jr. Trust (Trust) in Edward Sims Jr. Trust v. Henry...more
The deadline to file an appeal of 2021 Real Estate Tax Assessments in Philadelphia is Monday, October 5, 2020. Appeals may be filed by any property owner within the City of Philadelphia and are the sole method for a...more
On Friday, the Fifth District Court of Appeal issued a revised opinion in a closely-followed case, Singh vs. Walt Disney Parks and Resorts, a property tax appeal involving the 2015 assessment of Disney’s Yacht & Beach Club...more
In a decision that will potentially have far-reaching implications in the property tax world, Florida’s Fifth District Court of Appeal issued an opinion today in Singh vs. Walt Disney Parks and Resorts, a tax appeal involving...more
Taxpayers and their tax advisers should be aware that there may be deadlines coming up for filing an appeal of the assessed values assigned to properties for tax year 2021 real estate taxes. ...more
In yet another change brought about by COVID-19, the Cook County Board of Review is now providing notice of new Property Tax Appeal Board (PTAB) appeals by electronic mail. ...more
Die Corona-Pandemie macht vor der Immobilienbranche nicht halt. Das offensichtlichste Beispiel sind die nun vielfach ausbleibenden Mietzahlungen, die Immobilieninvestoren vor Probleme stellen. Die (miet-)rechtlichen...more
The deadline to appeal Fiscal Year 2020 assessments to municipal Boards of Assessors in Massachusetts is February 1, 2020, which is a Saturday. As such, you must file/mail the application for abatement, which is the first...more
Approximately 20% of Connecticut’s 169 municipalities usually conduct general revaluations every five years as required by law. Due to a quirk in the schedule, 2019 revaluations will be conducted by only 14 communities. While...more
Recently, The Civic Federation, a government research organization, released a report of the Property Tax Appeal Board that details the history of the PTAB backlog of appeals, extrapolates data from the last fifteen years,...more