Daily NAPTA Update 01.12.2024

Posted by Diane Macri | Jan 12, 2024 | 0 Comments

Newly Formed Atlas Properties Looking To Buy $1B Of Industrial Real Estate


Atlas Holdings, a real estate investment company that primarily focuses on sale-leasebacks, has launched a new venture, Atlas Properties, that will focus on assets in the industrial sector. The vehicle was created in December and has already acquired a portfolio of 23 industrial properties nationwide for $300M, the firm said in a press release. 

Orleans assessor removes 700 improper homestead exemptions


The Orleans Parish Assessor's Office and the city's Office of Inspector General found hundreds of improper homestead exemptions and removed them from the property tax rolls last year, Assessor Erroll Williams announced Wednesday. The clean-up included the discovery of numerous properties receiving the exemption even though the owner had died, according to Williams' office. 

Gov. Gianforte launches property tax task force, announces members

Daily Montanan

Gov. Greg Gianforte's Property Tax Task Force launched Thursday, made up of state agency leaders, legislators, local officials, association representatives, economists, researchers, and other stakeholders. Gianforte selected Ryan Osmundson, director of the Office of Budget and Program Planning, to lead the task force. 

Nebraska Governor appoints new state property tax administrator


Nebraska has a new property tax administrator. Gov. Jim PIllen announced Thursday that he has appoint Jacqueline Russell to the state's Tax Equalization and Review Commission (TERC). Russell is currently serving as the Adams County Assessor and will assume her position on the tax commission Jan. 29. 

Proposed Constitutional Amendment Would Tax Churches

Nashua, NH Patch 

The prime sponsor of the proposed amendment, Rep. Catherine Sofikitis, D-Nashua, was not optimistic about a positive recommendation from the committee, but said she viewed her proposal as the beginning of a dialogue to discuss the policy and to begin moving away from the divisions plaguing the country.

Texans to face another election after approving property tax cuts

The Texas Tribune

In a state known for too many elections, there's another one coming to Texas' 50 largest counties. This May, voters in those most populous counties will be asked to elect three members of their respective appraisal district boards. When Texas voters approved constitutional amendments to lower property taxes this year they also approved new political positions within their appraisal districts that are now up for election in May.

One LNG plant in South Texas awaits buildout as another seeks a tax abatement


The Cameron County Commissioners Court will soon vote on whether to grant a tax abatement to Texas LNG, a planned LNG export plant just outside of Port Isabel. According to the agreement, Texas LNG would pay Cameron County around $2 million a year and a portion of required property taxes. If the county grants the abatement, Texas LNG will avoid paying around $34 million in taxes over a 10 year period.

2024 Texas Real Estate Forecast


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