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:
"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.