Recent News

Tuesday, June 30, 2015 - 10:13pm

Caito Foods Service Inc. plans to spend $14.7 million to expand its east-side distribution operations, creating as many as 342 jobs by the end of 2019, according to a tax abatement request filed with the Department of Metropolitan Development. Read More

Tuesday, June 30, 2015 - 10:19pm

Last week’s decision by an independent appraisal review board rejecting a bid by Sandy Creek Energy Associates to cut its Riesel-based coal-fired power plant’s tax appraisal by nearly two-thirds might count for little amid continuing litigation between power-plant owners and the McLennan County Appraisal District. But it’s a symbolic win for the little guy who fulfills his civic duty and pays his property taxes — and then wonders why Big Business often squirms out of doing the same. Read More

Thursday, June 25, 2015 - 10:39pm

As expected Monday morning, the Appraisal Review Board for the Travis Central Appraisal District effectively accepted the "agreed order" between the city of Austin and TCAD – suspending, for the moment, the city's challenge of TCAD's commercial property valuations. The suspension was essentially a tactical maneuver by Mayor Steve Adler and the city's attorneys, allowing the TCAD certification of the current year's tax rolls to proceed by the statutory end of Aug­ust – but then allowing the city to appeal the ARB decision to state district court, and meanwhile share its discovery information of commercial market prices with TCAD's appraisers. Read More

Thursday, June 25, 2015 - 10:46pm

The Atlanta partners behind the SkyView Ferris wheel in downtown Atlanta plan to pay unpaid taxes to a Florida county that is prepared to sell the multi-million dollar attraction to get its money, a spokesman for the partners said Wednesday. Read More

Thursday, June 25, 2015 - 10:48pm

California lawmakers recently introduced SCA 5, a new proposal of an old idea to create a “split-roll” property tax.  The proposed constitutional amendment would remove Proposition 13’s limits on property taxes for commercial and industrial properties. The measure would allow for yearly reassessment of those properties to ensure their property taxes reflect current market value, as opposed to only reassessing a property when it changes ownership.  Protections for residential and agricultural property assessments would remain in place. Read More