Daily NAPTA Update 04.23.2024

Posted by Diane Macri | Apr 23, 2024 | 0 Comments

Do We Need A Property Tax For Space?


At its core, the excise tax is an acknowledgment of the logistical effort borne by air traffic control whenever a rocket is launched—an occurrence that is becoming more common by the day, with the substantial increase in private satellite deployments over the last decade.

How much Bill Gates pays in property taxes on his pricey real estate portfolio

Business Insider

As the old saying goes, nothing can be said to be certain except death and taxes. And even though the very wealthy have been criticized for not paying their fair share, there's one area where it's pretty hard to avoid the taxman: property.

Ticked off! @Magic tax break

Orlando Sentinel

The City of Orlando is giving a $40 million property tax break to the Orlando Magic to help build a mixed use complex across from the Kia Center. Of the 270 residential units planned, ten are called “attainable.” What does that even mean? How about the 260 other units? Can I get a tax break to build something on on my property? Didn't think so.

Lake assessor expecting numerous property assessment appeals

NWI Times

Fewer than two months remain for Lake County property owners to begin the process of appealing the assessed value of their home or other real estate, and potentially reduce the size of their next property tax bill. Data provided show the assessed value of all the property in the state's second-most populous county increased 8.21% to $48.9 billion for the 2023 tax year that's paid in 2024.

Tax sale in Baltimore: Frederick Williams bought a home, but the city mistakenly sold it

The Baltimore Banner

Frederick Williams had an eye on the fixer-upper on Reisterstown Road in West Baltimore, a house within walking distance of Druid Hill Park that boasted views of downtown Baltimore. So in 2021, Williams said, he wrote the city a check for more than $13,000 to pay off the outstanding property taxes as part of his purchase of the home.

Facing pushback, Boston Mayor Wu defends commercial property tax hike plan


Boston Mayor Michelle Wu launched a spirited defense Monday of her plan to temporarily hike the city's commercial property tax rate, arguing that a healthy Boston means a thriving regional economy. “In the short term, this is the legislative mechanism that is necessary,” the Democratic mayor said during an appearance on WBUR's “Radio Boston” program.

Falling valuations and the impact on tax revenue in the Twin Cities


In Minneapolis, the Central Business District (CBD) has faced challenges regarding office occupancy, worsened by safety concerns during the pandemic era. These factors have exerted additional pressure on the city's efforts to facilitate a post-pandemic return to traditional office environments.

Texas Racking Up Commercial Foreclosures, Outpacing National Average


The number of commercial foreclosures in Texas last month more than doubled from a year earlier. Texas commercial foreclosures increased 31% in March over the previous month and 129% from the previous year, real estate and property data company Attom Data Solutions reported.

Tarrant Appraisal District anticipates election will cost $645,000

Fort Worth Report

Public election of appraisal district board members — a historical first — will come at a hefty price tag for the Tarrant Appraisal District. Voters will head to the polls May 4 to elect three new members of the appraisal district's board of directors, at an estimated administrative cost of $645,470.

Security upgrades after ransomware attack against TAD


With new board members joining after the May 4 primary, the Tarrant Appraisal District (TAD) is another step closer to giving their organization a much-needed overhaul after vicious ransomware from hackers. In March, the personal information of nearly 300 homeowners ended up on the dark web.

Harris appraisal board elections not immune from politics

Houston Landing

The county Democratic and Republican parties have endorsed and are campaigning for candidates in each of the three races. Accusations of nefarious intentions on the part of conservatives are being leveled by local Democrats jaded by years of state meddling in Houston and Harris County's governments.

Are Utah homeowners paying more of property taxes?

Missoula Current

Utah homeowners are carrying a disproportionate share of the state's property tax burden because assessors find it more difficult to correctly determine the value of commercial property, resulting in a “tax shift” from one sector to another. That's one of the key findings legislative auditors released Wednesday in a report that identified several issues with Utah's property tax system and made a slate of suggestions to Utah lawmakers.

Elma gas plant property value drops by $52M

The Daily World

In December 2023, a historic property tax adjustment delivered a blow to the value of a natural gas power plant near Elma, raising taxes of remaining property owners in the area and across the county. The adjustment shrinks the value of the Grays Harbor Energy Center by a sum of more than $100 million for the next three years.

Wyoming GOP censures Gov. Gordon over gun, property tax vetoes


The full body at the GOP's state convention adopted the censure on a consent list, meaning they approved the resolution along with several others and didn't debate the action. However, one delegate did attempt to pull the resolution from the list. The adoption follows the state GOP resolutions committee's narrow approval of the censure on Friday.

About the Author


There are no comments for this post. Be the first and Add your Comment below.

Leave a Comment

Experienced Attorneys. Specialized Expertise

We are proud of our NAPTA network of property tax attorneys who have made our membership a trusted source of expertise.