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.
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. 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 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.
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.
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.