This Week in Property Tax-Issue 4

Its hard to believe that this is already the fourth issue of This Week in Property Tax. Winter is quickly coming to a close, despite the weekly 'Nor Eastern we have been getting at the Axiomatic offices. A few interesting articles from the week:

Lincoln Land Institute Update

The Lincoln Land Institute has updated the State-by-State Property Tax at a Glance data.

China's Housing Marketing Slowing Down

Interesting article from The Real Deal on the slowdown in the Chinese property market. Most places wish that 16% growth in 2018 was considered "slowing".

Scranton Leaders Asking for First County-Wide Reval in 50 Years

Scranton city leaders are asking the Lackawanna County County commissioners to conduct a county-wide reassessment. Something that has not been done in 50 years! Video and article can be found HERE from I wonder what Dunder Mifflin's office is worth....

Kansas Business Group Labels Property-Tax Bill for Schools with ‘Number of the Beast’

The headline says it all, read more from HERE.

Washington Legislature Passes One-Time Property Tax Cut

Washington property tax has been in the news a lot over the past few months, debates have temporarily culminated in the legislature passing a one-time cut. Read more from the AP HERE.

Oregon Simplifies Personal Property Tax for Heavy Equipment

The Oregon state House and Senate approved HB 4139 to simply the existing complicated system, read more HERE.

Chicago Assessments Come Under Scrutiny

There are a lot of factors at play in this complex case, with a lot of players. This is an atricle to read carefully HERE.

David Salzer
This Week in Property Tax-Issue 3

Chinese Property Tax is Progressing...

A few articles on the progressing property tax legislation in China:

First, the Chinese governments statement

A slightly deeper dive by the South China Morning Post

A more realistic take from the Washington Post

One last article about attempts to stabilize the volatile property market from Reuters.

The Garden State is not Going to Take it

NJ Rep. Bill Pascrell Jr. and other democrats are accusing the IRS of "naked political payback" for refusing to allow taxpayers to deduct  prepaid 2018 property taxes. Read more from here.

A Texas Sized Ruling

The Texas Supreme Court made a major ruling in the EXLP Leasing LLC et al. v. Galveston Central Appraisal District case that could have huge impacts across the State. Read more from Baker Botts here.

Notre Dame Helping St. Joseph Assessor to Improve Quality

Notre Dame University's Mendoza College of Business is partnering at no cost with St. Joseph County assessors office to study different approaches to improving their valuation methods. Read more from the South Bend Tribune here.

The Fight for Property Tax Reforms in PA Continues

A bipartisan group of state senators is plotting another attempt at overhauling the property tax system. Read more from the WSKG here.

Computer "Glitch" Causes Property Taxes

Another reminder of the importance of practicing good data management procedures during a CAMA system implementation from the Calaveras Enterprise.

The Science and Art of Assessing

Interesting article from the Ithaca Voice on the Tompkins County Assessment Department and their approach to regression modeling, rising home prices, and a family legacy.

David Salzer
This Week in Property Tax-Issue 2

It has been another busy week in the world of property tax, here are some of the interesting/exciting/distributing things that are happening:

Potential Tax on Whiskey Barrels

Jack Daniel's distillery is battling with the state of TN regarding whether whiskey barrels should be taxed as equipment of inventory. Read more from the NY Post here.

New Jersey in the News

Lots of discussion this week about property tax increases and decreases around the Garden State. Here are a few interesting articles worth reading:

Jersey City Residents Protest Reval

Biggest Increases and Decreases in the Garden State

NJ Senate Passes Bill to County Property Taxes as Charity to Sidestep Federal Law

"Bloodbath" On the Other Side of the Pond

Theresa May is being warned that 20,000 high street stores could shut by 2020 in a business rates “bloodbath” unless the Government freezes the sky-high property tax. Read more from the UK Sun here.

What is the Impact of Amazon HQ2 on Taxes?

Indianapolis is in the running for Amazon HQ2. The Purdue Extension muses on the potential impact to property tax rates. Read more here.

Suburban Philly Property Tax Map

Interesting article and visuals (scroll down in the article) on the counties surrounding Philadelphia and their varying property tax burdens. Read more from the Inquirer here.

Philly Mayor Proposes 6% Property Tax Increase to Fund Schools

Philadelphia Mayor Jim Kenney is asking the City Council to pass a 6% property tax increase to solve a nearly $1 bn deficit plaguing the city's public school system. Read (and watch) more from NBC10 here.


David Salzer
This Week in Property Tax-Issue 1

For those of you who follow the Axiomatic blog, you know that we like to post articles from around the Country covering a variety of taxation issues. Feeling the urge to try something new, we are now going to be posting blog articles "en masse" each week entitled "This Week in Property Tax". Here we go!

Crypto no Taxo in Wyoming

A bill has been introduced in the WY legislature to exempt crypto currencey from property taxation. Read more from Cointelegraph here.

Commercial Property Tax Hikes in California

A 2018 ballot initiative to increase property taxes on commercial land in California could generate $6 bn to $10 bn in revenue. The LA times breaks it down here.

Tax Exempt? Not so Fast in Maine

Maine Governor Paul LePage is proposing taxing non-profits at 50% of their assessed value. WGME news outlines the proposal here.

Commercial Appraisals for Lending May Ease

US bank regulators are discussing relaxing regulations on independent appraisals for commercial lending. I guess no one wants to remember 2007...Read more here from Reuters.

Bid to Tax Douglas County Non-Profits Ends

The Douglas County, NE assessor has dropped her legal battle with the County Commissioners regarding taxing three nonprofit organizations operating retail stores. Read more from the Omaha World-Herald here.

Nebraska Property Tax Reform Remains in the News

Nebraska property tax reform remains in the news as the legislative session roles along. Many proposals and opinions, here are a few:

Legislature needs "schooled" on our property tax crisis

Petition drive to let Nebraskans vote on $1.1 billion in property tax savings

Nebraska property tax bill likely stuck in committee

Dark Stores Will not Go Away

Walmart wants tax refunds due to the Dark Store theory that is one of the biggest property tax topics of the past six months. Read more from wxpr here.


Hope you enjoyed Issue 1, stayed tuned for more from This Week in Property Tax!




David Salzer
New York Subway Property Tax?

New Yorker's in close proximity to subway stations may find themselves paying more taxes? Interesting article from the New York times outlining MTA's ability to levy property taxes that you can read HERE.

David Salzer