NATIONAL
Simon seeks rent growth by upgrading outdated, second-tier shopping center

CoStar

CEO and Chairman David Simon said the real estate investment trust is filling vacancies and bringing in new kinds of tenants to its lower-performing, so-called Class B properties after focusing for some time on its biggest properties, Class A malls. There's an opportunity with the outdated malls, properties that remain "important assets" in their communities.

Office Attendance Hits Postpandemic High

BisNow

Office attendance last week was at its highest levels since the pandemic, according to Kastle Systems. Weekly average occupancy reached 54.2% of foot traffic levels before the pandemic sent workers to their home offices. The weekly average attendance rate has climbed 6.5 percentage points in the last month, with all 10 cities tracked by Kastle seeing occupancy tick up.

DELAWARE
Sussex County nears the end of its property tax reassessment process

Delaware Public

Sussex County nears the end of its property tax reassessment process, the county's first since 1974. The process began in May 2020, when the Court of Chancery ruled Delaware's property tax system was unconstitutional in an education funding equity case – forcing reassessments in all three counties. Sussex County's Assessment Department director Chris Keeler said the reassessment was overdue.

FLORIDA
Florida Homeowners Drop Property Price by Over 30%

Newsweek

In Tampa, Florida's Beach Park neighborhood, a luxury home has experienced a significant price drop, potentially due to the impact of recent storms and shifting market conditions. Listed for $1.65 million in November 2024, the price of this 3,163-square-foot property has decreased by 33 percent to approximately $1.1 million. The home site is under contract currently, but accepting backup offers.

Florida Property Tax Faces Huge Change Under New Proposals

MSN

Property taxes in Florida are slightly lower than the national average of 0.90 percent at 0.82 percent. Nevertheless, a 2024 Redfin study found that three of the five metropolitan areas reporting the biggest increases in property dues since 2019 were in Florida. The rise in property tax is just one element of a broader housing crisis taking place in the Sunshine State.

GEORGIA
'It is probably going to be foreclosed': Advocates say Fulton County jeopardizes heirs’ longtime family homes

WABE

Malyndia Brown never imagined it would be so hard to preserve her family's longtime home. She first moved back to the three-bedroom brick house in Southwest Atlanta's Westview neighborhood about 15 years ago to care for her parents. She looked after her stepdad until he died in his 90s and then spent several more years helping her mom as her dementia was advancing.

INDIANA
Locals, lawmakers struggle to compromise on Indiana property tax relief

Indiana Capital Chronicle

Frustrations escalated Tuesday over Indiana's impending property tax relief plan that local Hoosier officials fear could bring deep cuts to municipal revenues. Lawmakers, meanwhile, were hard-pressed to find alternative ideas that appease local budgets and still deliver on promises to lower taxes.

Lt. Gov. Beckwith Voices Support for Rep. Culp’s Bill to Lower Property Tax Burden on Farmland Owners

Hoosier AG Today

Lowering the property tax burden on Indiana's farmland owners is the ultimate goal of House Bill 1192 that's been written by State Rep. Kendell Culp (R-District 16). The bill would change the calculation that your county assessor uses to determine the assessed value of farmland with a goal of lowering farmland property taxes.

NORTH DAKOTA
Bill to kill carbon pipeline property tax exemption in North Dakota fails

North Dakota Monitor

A bill that would have required carbon dioxide pipeline developer Summit Carbon Solutions to pay property taxes in the first 10 years of operation in North Dakota failed Thursday in the state Senate. Sen. Jeff Magrum, R-Hazelton, sponsored Senate Bill 2320 that would have removed a tax exemption for interstate carbon dioxide pipelines such as the Summit project.

OHIO
Legislation introduced to provide property tax relief for Ohioans

WFMJ

Ohio State Senator Sandra O'Brien has introduced legislation that would provide Ohioans with property tax relief. According to a press release, Ohio's property tax burden ranked at #11 for the highest effective property tax rate nationwide at nearly 1.3% in 2022. That data does not include the most recent increases in 2023 and 2024.

OKLAHOMA
A proposal to replace Oklahoma's 'unjust' property tax

KTEN

Oklahoma state Sen. David Bullard (R-District 6) spares no words in talking about property tax. "Property tax is unconstitutional; it's an unjust tax, there's no doubt about it," he said. Senate Joint Resolution 15, authored by Bullard and Durant lawmaker Rep. Cody Maynard (R-District 21) proposes that property taxes collected by county government be replaced with a consumption tax.

PENNSYLVANIA
Walmart Buys Pittsburgh Mall

Commercial Property Executive

CBL Properties has sold Monroeville Mall and its Annex in Monroeville, Pa., for $34 million. Walmart bought the retail assets totaling 1.2 million square feet, according to CBS News. JLL worked on behalf of the seller, while CBRE Senior Vice President Tom Flynn represented the buyer.

TENNESSEE
Tennessee official, citing property tax relief, notes more interest in reverse mortgages

HousingWire

Homeowners have noted for some time that property taxes have risen precipitously, and this has the potential to heavily impact people living on a fixed income. But certain tax deferral options available to seniors and veterans should be employed if necessary.

UTAH
Utah’s property tax system is a tale of winners and losers

Park Record

When some Wasatch County residents saw that their 2022 property tax bills doubled, they knew something was wrong. What they didn't know was that they were about to uncover a systemic failure in Utah's property tax assessment system — one that creates unfair winners and losers among taxpayers.

VERMONT
Property tax relief

Mountain Times

The bulk of most property tax bills is the statewide education tax. That was created in 1997 in Act 60 in response to the Vermont Supreme Court case, Brigham vs. the State, which found that the old way we funded education did not provide a substantially equal education opportunity for children across the state.

Burlington Considers Adding Defunct Cathedral to Tax Rolls

Seven Days

VT In December, leaders of a Catholic parish in Burlington won a two-year court battle against activists who sought to stop their planned demolition of the downtown Cathedral of the Immaculate Conception. But just as that conflict ended, another is brewing. Earlier this month, the City of Burlington informed the parish that the cathedral no longer qualifies for the tax-exempt status generally afforded to religious organizations.