Daily NAPTA Update 5.2.2023

Posted by Diane Macri | May 02, 2023


Polis announces plans to cut Colorado property taxes
The plan, which Polis said will be on the November ballot as Proposition HH, would reduce the residential assessment rate from 7.15% to 6.7%, and reduce the taxable value of homes by $40,000 in 2023 and 2024. If passed, the taxable value reduction would continue for primary residences in future years. 


Capitol Notebook: Lawmakers reach agreement on bill to address rising property taxes
The Gazette
The amount of increases in property tax revenue that local governments are able to spend would be limited under legislation that is destined to become state law soon. Republican leaders in the Iowa Senate and House on Monday announced their agreement on property tax legislation. The compromise legislation includes provisions from the separate bills that the two chambers had been advancing.


Luxury Senior Housing Plan Wins Tax Breaks
Huntington Now
A proposal to build luxury rental housing for seniors in Commack was awarded tax breaks last week by the Suffolk County Industrial Development Agency, Newsday reported. B2K Development wants to put 86 townhouses on a 7.2-acre vacant lot opposite the Hamlet Golf & Country Club. Rents would start at $4,150 for 74 of the units, with six units going for $2,600 as affordable housing, and $3,950 for workforce housing, Newsday said.


3 Is The New 5: Jittery Texas Tenants Halve The Length Of Average Office Leases
Three-year office leasing terms are the new sweet spot in Texas, according to research from Partners Real Estate finding tenants in four major metros have cut the length of leases nearly in half over the past 12 months. A report released Thursday analyzed about 5,000 office leases signed in Austin, Dallas-Fort Worth, Houston and San Antonio over the past year. 

Senior Housing Industry Mounts A Comeback As Baby Boomers Age In And New Construction Stalls Out
Over the course of three years, Avanti Senior Living survived a pandemic, a historic winter storm that left Texas without power for nearly six days and two hurricanes. The Houston-area business, which offers assisted living and memory care at seven locations across the South, is fuller today than it was prior to 2020. 

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