Daily NAPTA Update 7.14. 2023

Posted by Diane Macri | Jul 14, 2023 | 0 Comments


Legislation vetoed by Lamont aimed at Enfield tax assessor's role
CT Insider
Carol Hall was surprised and extremely disappointed when Gov. Ned Lamont vetoed proposed legislation that Hall, the Republican state representative from Enfield, said would have clarified when state law allows a tax assessor to change an adjustment that an assessment appeals board has made to the assessment of taxable property.


Inflation puts New York's property tax cap at 2% limit
Spectrum Local News
New York's property tax cap limits levy growth at either 2% or the rate of inflation, whichever is lower. The tax cap has been in effect since 2012 and the last decade was largely defined by largely flat growth in consumer prices. But the last several years has seen a steady increase in inflation, giving more leeway to local governments in the amount of money they can raise in taxes.


Nueces County, other entities to face millions in deficits next year
Taxing entities like Nueces County, school districts and the Hospital District had been hoping for a legislative change to avoid the loss of over $100 million dollars in tax revenue. On Wednesday they learned that fix won't happen. This all comes from a valuation change for the oil refineries Flint Hills Resources and Valero Energy. 

Montgomery Commissioners nix proposed budget for Appraisal District
Your Conroe News
Montgomery County commissioners rejected the proposed $15.5 million 2024 budget for the Montgomery Central Appraisal District, which handled nearly 100,000 property tax appraisal protests in 2023.Chief Appraiser Janet Jennings-Doyle spoke to commissioners Tuesday and presented the proposed budget, a 17 percent increase from 2023. 

Who benefits most from Texas' residential appraisal cap?
Houston Landing
Jeffrey and Helen Lowery left the Harris CAD on Wednesday feeling disappointed and not heard. The couple, who own a home in north Harris County, have been coming to HCAD for years to protest their annual home appraisal. After the Lowerys purchased their property in 2016, the picturesque wooded area behind their home, a selling point for the couple, was cut down. 

What the Texas Property Tax Bill Means for Commercial Landlords
The Real Deal
Texas Republicans agreed to put an end to more than six months of haggling and struck a deal on property tax reform. Each of the so-called “Big Three” had his own policy priorities, and in the end, Gov. Greg Abbott, Lt. Gov. Dan Patrick and House Speaker Dade Phelan went home with something to be happy about.

Housing market shortage is so acute and the office glut is so big that Boston will offer 75% tax breaks on office-to-residential conversions
All eyes are on the office sector, watching as it largely unravels in the aftermath of the pandemic. And as the billionaire developer, Ross Perot Jr., recently told Fortune, “it'll be years before we really understand the damage the pandemic did to the world,” adding that for one, “it broke the habit patterns of millions of people that used to go to work every day in a real office.”

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