Daily NAPTA Update 5.18.2023

Posted by Diane Macri | May 18, 2023


Fire Sales On The Rise As Office Owners Read The Writing On The Wall
After months of hoping for a better outcome, more office owners are cutting their losses and offloading distressed properties at bargain basement prices. Landlords are taking major losses on buildings across the country, with some properties trading at as much as 80% below previous valuations.


The Arizona Coyotes won't move to Tempe after voters rejected a proposed hockey arena
Axios Phoenix
The Arizona Coyotes won't be making Tempe their permanent home after voters scuttled plans for a proposed entertainment district near the lake whose centerpiece would have been a new hockey arena. Driving the news: Propositions 301, 302 and 303 all trailed by double digits Tuesday night after the first round of results, expected to be the majority of the ballots cast, were released.

CT Senate leader's property tax bill dies as lawmakers OK study
CT Insider
An effort to raise the rate at which Connecticut property values are assessed for tax purposes fell into the legislative dustbin on Tuesday, as lawmakers settled on establishing a task force to study the idea for the future.


Lake City police searching for man who smashed tax collector's office windows with hammer
Police are searching for a man who smashed the windows of the Columbia County Tax Collector's office with a hammer. Around 11:30 a.m. on Friday, a man smashed a nearby worker's car window and threw the hammer through an office window. Lake City Police officers and Columbia County deputies are asking anyone with information to call their offices.

Joyce Morgan wins narrow victory for Duval County property appraiser
Jax Daily Record
In what proved to be the closest contest in the May 16 election, Jacksonville City Council member Joyce Morgan (D) won the race for Duval County property appraiser. Morgan received 109,739 votes (50.7%) to Jason Fischer's 106,690 votes (49.3%). Among City Council races decided May 16, Republicans won three seats and Democrats won four.


Company receives $1.3 million abatement for new Jeffersonville facility
News and Tribune
The Jeffersonville City Council approved Monday more than $1.3 million in tax abatements for a logistics company preparing to build a new facility. The council unanimously approved the abatements for Bluegrass Supply Chain Services and Bridgeport Partners REIG. 


Urbandale day care owner upset by stranger who wants to raise their property assessment
The owners of an Urbandale day care center are angry because a stranger is trying to raise their property assessment. A private citizen is asking the Polk County assessor to raise the assessments of more than 20 properties. Most are worth $1 million or more. “We were surprised that we are involved in any of this,” said Anissa Deay, the director of Primrose Day Care in Urbandale.


Tax assessor makes ‘adjustments' to some Rapides Parish officials' ‘incorrect' low property assessments
After an article from the independent news organization Louisiana Illuminator revealed staggering low tax assessments for some Rapides Parish public officials, Tax Assessor Richard “Rick” Ducote made adjustments to the “select group.” “Recently, it was brought to my attention that a select group of assessments were incorrect. 


Hymes Pitches Expanded Property Tax Relief for Maine's Military Veterans
The Maine Wire
A 20-year veteran of the U.S. Navy who is now serving in the State Legislature wants to eliminate up to $5,000 from the amount some U.S. military veterans pay in property taxes. Rep. Benjamin Hymes (R-Waldo) has introduced LD 1737, “An Act to Provide up to $5,000 in Property Tax Relief to Veterans,” a bill that would overhaul the property tax relief program currently available to disabled veterans and veterans over the age of 62.


Tech Firm Terminating 130K SF Boston HQ Lease 5 Years Before Expiration
Restaurant tech firm Toast plans to terminate its headquarters lease in Boston's Fenway neighborhood five years before it was scheduled to expire. The company is planning to vacate 110K SF of its lease at 401 Park Drive on June 30, and then it plans to exit an additional 22K SF by the end of next year. according to a Securities and Exchange Commission filing first reported by the Boston Globe.


Missouri voters to decide on ballot measure for property tax exemptions for child care facilities
In Missouri, a constitutional amendment that would allow child care establishments to be exempt from property taxes was certified for the Nov. 5, 2024, ballot. On May 12, 2023, the Missouri House of Representatives voted 91-27 to pass the amendment. It previously passed the Missouri State Senate by 33-0 on March 23, 2023. 


Local senator proposes changing how Ohio's property values are reassessed ahead of drastic hike
Property owners in Butler and Clermont counties could see unprecedented property tax increases next year if The Ohio Department of Taxation gets its way. Butler County's will shoot up by a projected 42%. Landowners of property zoned agricultural were going to be his with a whopping 110% rise.


Appraisal issues leave Devine ISD facing possible $2.5 million shortfall 
Devine News
Uncertainty over final appraised property values might make it impossible for Devine ISD to meet its budgeted salary increases for teachers without additional funds from other sources, school district director of finance Shannon Ramirez told trustees Monday night. She cited property value protests, ADA losses and provisions in state tax law as contributing to the expected shortage.

It went from $8,000 to $85,000:' Callahan Co. property owners face hefty tax increases, appraisal district explains
Big Country
Homeowners of Callahan County are seeking answers after receiving notices of major appraisal value increases on their homes and properties. Across the county, if you ask around, you'll hear reactions like “this is crazy” and “I just want an explanation” after residents got these appraisal value notices in the mail.

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