Daily NAPTA Update 1.31.2023

Posted by Diane Macri | Jan 31, 2023


Why Germany's property tax reform is mired in chaos
The Local
With the deadline looming, around two-thirds of property owners in Germany had submitted their updated property tax declarations just before the weekend. That still leaves millions who still have to fill out the confusing and cumbersome declaration by midnight on Tuesday.


The 30 BC Municipalities With The Highest Property Tax
By now, homeowners around British Columbia have likely already received their property assessments courtesy of BC Assessment, and although they don't mean as much as many may think when it comes to a home's market value, they do play a key role in determining the amount of property tax a homeowner has to pay.


Investors say DFW will be the top commercial property market in 2023
Commercial property buyers are targeting North Texas as the top market for new deals this year. The Dallas-Fort Worth area ranked first in the nation for 2023 real estate investment among the 10 largest U.S. metro areas, CBRE Group found in a new survey.

The Wisconsin public schools story: A cautionary tale for Idaho
Idaho Capital Sun
Stephen Covey, the best-selling author of “7 Habits of Highly Effective People,” wrote that one should “begin with the end in mind” to understand where any endeavor leads. If we follow Covey's advice and look ahead to where the privatization of Idaho's public schools will lead, we would do well to look at what has happened in states that have supported private schools with taxpayers' money for years.


Arkansas lawmakers to consider increasing homestead tax credit
The Arkansas Legislature is poised to increase the state's homestead tax credit; the question: How much? House Bill 1032 by Rep. Lanny Fite (R-Benton) would increase the Homestead Property Tax Credit from $375 a year to $425 in 2024.


Renting a Room Can Hurt Homestead Tax Exemptions
Florida Realtors
When Dan Graue read a letter from the Sarasota County Property Appraiser that notified him he had been dodging taxes on his homesteaded property and now owed more than $64,000 in fines and back taxes, he thought there must have been an error.


House Property Tax Division Holds Hearing on Rising Property Tax Levies
League of Minnesota Cities
The House Property Tax Division on Jan. 25 held a hearing to discuss rising local government levies and the local government aid (LGA) formula. Committee Chair Rep. Dave Lislegard (DFL-Aurora) closed the meeting by saying that funding for LGA and county program aid is well short of where it needs to be, and said the committee would be taking up a bill to address it soon.


Miss. Sen. Bill Aims To Phase Out Personal Property Tax
Mississippi would phase in an ad valorem tax exemption before eliminating the tax in 2028 under a bill introduced in the state Senate...


As Tesla factory expands, so too could Nevada's massive tax abatements
This is Reno
Tesla last week announced a $3.6 billion, 4-million-square-foot expansion of its Giga Nevada campus in Northern Nevada. The project, which will include a battery cell factory and a high-volume semi-truck factory, is projected to bring an additional 3,000 new jobs to the Reno-Sparks area, according to an announcement on the company's website.


Town of Webb assessor arrested after allegedly placing camera to record employees in office
The Town of Webb assessor was arrested over the weekend and charged with felony eavesdropping. State Police say, the arrest is the result of an investigation into Justin Masters allegedly placing a camera to record employees in their office, which is illegal.

GM Building is NYC's Most Valuable Office Property: Tax Data
The Real Deal
Buried in the bewildering data dump that is the city's tentative property assessment are nuggets of interest to real estate. For one, the 1.8 million-square-foot GM Building just became the most valuable in the city with a market value of $1.9 billion — up 17 percent from a year ago. Its billable value increased by 6.4 percent to $796 million.

SL Green, NYC's Biggest Office Owner, Reports Deepening Losses, Dropping Rents
New York City's largest office landlord painted a cheery picture of the outlook for the coming year in its earnings call Thursday despite its financials showing a marked slowdown toward the end of the year.


Tax caps leave many Pa. municipalities with few ways to raise revenue
Bradford, a small city situated just a few miles south of the New York state line in McKean County, no longer has 24-hour police coverage. It has deferred necessary maintenance and projects, and laid off employees in several departments — including fire, police, and streets — to cut costs, City Manager Chris Lucco told Spotlight PA.


Renters, half of all Dallas households, would get no relief from $3B Texas tax debate
Dallas Morning News
For the last month, Kathy Mosley has been living in an East Dallas apartment with crumbling ceilings and walls after a water pipe burst during the recent Christmas freeze. Mosley, 62, has called her now-dilapidated two-bedroom apartment home for the last nine years. 

‘A Colossal Giveaway': A Tax Break for Big Polluters Is Also Starving Public Schools in Texas
Capital and Main
In less than a decade, the northern coastline of Corpus Christi Bay, in San Patricio County, Texas, has been developed from a greenspace of wetlands and dunes into a miles-long corridor of petrochemical and industrial facilities, their cracking towers rising hundreds of feet into the air.


Charlottesville real estate assessments up roughly 12%
NBC 29
The numbers are in, and real estate assessments in Charlottesville are up a little more than 12%. “This year, it's certainly been a seller's market,” City Assessor Jeffrey Davis said Monday, January 30. Davis says sales are up in most of the city's 51 residential & condo neighborhoods, as well as the 21 commercial neighborhoods.

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