Daily NAPTA Update 2.6.2023

Posted by Diane Macri | Feb 06, 2023


Colorado property tax relief proposed by legislature, governor
Denver Post
The question of how to blunt the edge of rising property taxes is again echoing in the halls of Colorado's Capitol. The answer to that, however, is a work in progress. No proposal has been released by legislative leaders, though they say it's a problem that's top of mind this session — especially with looming spikes in tax bills and the ever-present possibility that activists could circumvent lawmakers in favor of the ballot box.


Indiana residential property tax relief bill draws opposition from schools, local officials
Indiana Capital Chronicle
What could be Hoosiers' best bet at property tax relief was met with opposition Thursday from education advocates and local government officials who maintained they would take a financial hit if lawmakers approve the proposal. The bill would temporarily provide a supplemental homestead credit and lower the 1% cap on residential property taxes.

Hobart approves settlement agreement for Southlake Mall refund
NWI Times
The voting was unenthusiastic, but the City Council has unanimously approved a settlement agreement in connection with the property tax refund to Southlake Mall. Hobart must pay about $9 million because of the mall's successful assessment appeal that covers several tax years. The municipality is among several mall taxing districts that will issue refunds of various amounts.


Nebraska community colleges cry foul over plan to eliminate authority to levy property taxes
Journal Star
A legislative proposal to change how Nebraska's six community colleges are funded ran into stiff opposition from board members, administrators and students Thursday. Sen. Dave Murman's plan (LB783) would eliminate the ability of community colleges to levy property taxes beginning in 2026-27, and replace that funding with state appropriations.

Ag land property tax changes draw mixed reaction
Nebraska Public Media
Gov. Jim Pillen wants to change how Nebraska values agricultural land for tax purposes. Currently, that's done by market value. But Pillen said that can produce distorted results – for example, farmland located near a rapidly growing suburban area can be assessed at what it would be worth if sold to build a subdivision. 


Office buildings retain 97.6% of pre-Covid values despite sector's woes, city says
Crain's New York Business
Despite the numerous, well-publicized woes New York's office buildings have faced since the Covid-19 hit, the buildings have already recovered almost all of their value from before the pandemic, according to the city Department of Finance.


Oklahoma legislation would require public vote on TIF districts
The Journal Record
State Rep. Tom Gann, R-Inola, was not happy with the mysterious process state officials used last year in their attempt to lure a Panasonic battery factory to the state. Gann responded by filing bills to be considered during the 2023 legislative session that would prohibit state officials from creating tax increment financing districts without the knowledge and approval of the citizens affected by the proposed development.


Tim Holt is new Georgetown County Assessor
Gab News
Longtime Georgetown County Assessor Susan Edwards stepped down from her role this year, promoting Deputy Assessor Tim Holt into the position. Holt took over leadership of the Assessor's Office on Jan. 1. Edwards, who has worked for the county for more than 50 years and served as Assessor since 2003, will move into the role of Deputy Assessor.

New York company Pallidus eyes Rock Hill SC manufacture site
Rock Hill Herald
New York-based silicon carbide manufacturer Pallidus, Inc. is the company behind a deal that would bring more than $440 million of investment to the area. The York County Council approved two of three readings for a tax incentive deal without divulging the company name. A third and final vote, with a public hearing, comes Monday night.


Property tax cut, final of three competing tax proposals in South Dakota Legislature, successful in committee
Mitchell Republic
Whereas two previous meetings of the House Taxation committee saw the approval of competing consumption tax cut proposals, the Feb. 2 discussion in the small committee room overlooking the House chamber focused on property taxes, with a unanimous vote now passing the baton to the House Appropriations committee for the next stage of tax cut discussions.


How does public school funding work in Texas – and how would property tax relief affect it?
Texas Standard
Students file out of the Dallas Independent School District's Solar Preparatory School for Boys on a cool Friday afternoon, rushing to greet their waiting parents. Megan Garey, whose 9-year-old son, Grayson, is a third-grader at Solar, says that even though property taxes keep going up, she doesn't see it reflected in public schools.

Montgomery County could shift from commercial real estate tax breaks
Your Conroe News
Montgomery County commissioners approved tax abatement requirements for another two years but the county is trending away from the program as it shifts agreements that are focused on residential development. Tax Assessor-Collector Tammy McRae said the county is required by state law to adopt its tax abatement program policies every two years.

Why appraisal caps for property tax relief won't fly in Texas
Houston Chronicle
Many Texans want appraisal caps for property tax relief. Here's why they won't fly in Austin. Some Texas counties saw home values rise 20 percent or more on average in 2022, but...


Property Tax Relief A Possibility In Wyoming After 16% Jump Last Year, 36% In Teton County
Cowboy State Daily
For the last 40 years, the Wyoming Realtors Association has been trying to separate residential from the “all other” category of taxing property to allow more flexibility in handling the assessment and valuation of those properties. Residential property now is categorized with agriculture and commercial.

Barron: Future shaky for property tax reform
Casper State Tribune
As the Legislature is at the halfway point, the stack of property tax relief bills is sinking fast. Only one bill is a sure thing for passage. House Bill 99 is an expanded version of the old property tax refund program for lower income homeowners. It passed the House on Thursday 62-0. You can't beat that.

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