For Texas business owners, April 15 is the deadline for filing tangible personal property renditions. What Is a Rendition and Why Does It Matter? A rendition includes taxable inventory that the property owner is responsible for or has in his or her possession from January 1 of one year to January 1 of the next […]
The post Texas Property Tax Renditions Are Due April 15 appeared first on KE Andrews.
For Texas business owners, April 15 is the deadline for filing tangible personal property renditions. What Is a Rendition and Why Does It Matter? A rendition includes taxable inventory that the property owner is responsible for or has in his or her possession from January 1 of one year to January 1 of the next […]
The post Texas Property Tax Renditions Are Due April 15 appeared first on KE Andrews.
Commercial leaseholders in New York take comfort in knowing that the NY Court of Appeals decided to move forward with an equitable property tax bill. Commercial properties in New York have the right to fair assessment, which includes accurate valuation, classification and exemptions. If a taxpayer is being overcharged because of any one of these things, their only response is to file a tax grievance. A property tax assessment can be challenged by an aggrieved party. The most obvious aggrieved pa...
Commercial leaseholders in New York take comfort in knowing that the NY Court of Appeals decided to move forward with an equitable property tax bill. Commercial properties in New York have the right to fair assessment, which includes accurate valuation, classification and exemptions. If a taxpayer is being overcharged because of any one of these things, their only response is to file a tax grievance. A property tax assessment can be challenged by an aggrieved party. The most obvious aggrieved pa...
With national financial woes caused by record inflation and the heightened demand for government services amidst the Covid-19 Pandemic, state officials are scrambling for resolutions. Orange County, California is set to approve an $8.8 billion budget for 2022-23; an increase of $1.1 billion from the 2021-22 budget. Expanded revenue from the American Rescue Plan Act of 2021 also contributes to that budget. Portions of the proposed budget allocate funds to address the rise in government services r...
With national financial woes caused by record inflation and the heightened demand for government services amidst the Covid-19 Pandemic, state officials are scrambling for resolutions. Orange County, California is set to approve an $8.8 billion budget for 2022-23; an increase of $1.1 billion from the 2021-22 budget. Expanded revenue from the American Rescue Plan Act of 2021 also contributes to that budget. Portions of the proposed budget allocate funds to address the rise in government services r...
New data, from the McLennan County Appraisal District, show that property values are rapidly increasing in their county. Local governments have been announcing their property taxes rates based on the new data. In County of McLennan Commissioners approved the no-new-revenue rate for the county at an 8.6 cent increase, the city of Waco released its proposed budget with a 76.48 cents per $100 property tax, which is more than the no-new-revenue rate. In 2017, it’s estimated that the total property...
New data, from the McLennan County Appraisal District, show that property values are rapidly increasing in their county. Local governments have been announcing their property taxes rates based on the new data. In County of McLennan Commissioners approved the no-new-revenue rate for the county at an 8.6 cent increase, the city of Waco released its proposed budget with a 76.48 cents per $100 property tax, which is more than the no-new-revenue rate. In 2017, it’s estimated that the total property...
An unnamed Fortune 500 company is currently seeking prospective locations for its new factory build. Oklahoma Governor, Kevin Stitt, signed House Bill 4455 into law this past Monday morning. The Bill grants a tax rebate to incentivize the Fortune 500 company to build a new factory in the state. To further attract this company, Mayes […]
The post TIF District Proposal in Mayes County, Oklahoma appeared first on KE Andrews.
An unnamed Fortune 500 company is currently seeking prospective locations for its new factory build. Oklahoma Governor, Kevin Stitt, signed House Bill 4455 into law this past Monday morning. The Bill grants a tax rebate to incentivize the Fortune 500 company to build a new factory in the state. To further attract this company, Mayes […]
The post TIF District Proposal in Mayes County, Oklahoma appeared first on KE Andrews.
Due to the ongoing infrastructure costs for future subdivisions, Colorado Springs property tax rates might increase. With the main tool for building new infrastructure, Metro districts have collectively issued $660 million in debt and could reach $1 billion if all bonds close. Carl Schueler is now the comprehensive planning manager. Nancy Henjum, a councilwoman in the metropolitan district, says in a recent meeting that the new policy for guiding future planning will be useful to residents. ...
Due to the ongoing infrastructure costs for future subdivisions, Colorado Springs property tax rates might increase. With the main tool for building new infrastructure, Metro districts have collectively issued $660 million in debt and could reach $1 billion if all bonds close. Carl Schueler is now the comprehensive planning manager. Nancy Henjum, a councilwoman in the metropolitan district, says in a recent meeting that the new policy for guiding future planning will be useful to residents. ...
This is straight off of Poer’s website Florida’s commercial rent tax rate has been lowered for the third time in as many years. The new rate beginning next year will be 5.5%, down from 5.7%. The business rent tax is applied to office, retail and industrial leases and can cost companies tens of thousands of dollars annually. It does not apply to hotel or apartment leases. Rent Tax Unique to Florida Florida is the only state in the nation that collects sales tax on commercial leases. The ta...
This is straight off of Poer’s website Florida’s commercial rent tax rate has been lowered for the third time in as many years. The new rate beginning next year will be 5.5%, down from 5.7%. The business rent tax is applied to office, retail and industrial leases and can cost companies tens of thousands of dollars annually. It does not apply to hotel or apartment leases. Rent Tax Unique to Florida Florida is the only state in the nation that collects sales tax on commercial leases. The ta...
After much debate from both sides, House Bill 2239 was signed into law on April 25, 2022. It is a bi-partisan approach, which, amongst a whole host of tax exemptions and cuts, achieves reduced property taxes. This is great news for the residents of Kansas, who can expect wide-scale changes to the property, sales, and income tax liabilities. Why Was HB 2239 Introduced? HB2239 was introduced as an attempt to mitigate the effects of the COVID pandemic by targeting inflation. With a budget surplus l...
After much debate from both sides, House Bill 2239 was signed into law on April 25, 2022. It is a bi-partisan approach, which, amongst a whole host of tax exemptions and cuts, achieves reduced property taxes. This is great news for the residents of Kansas, who can expect wide-scale changes to the property, sales, and income tax liabilities. Why Was HB 2239 Introduced? HB2239 was introduced as an attempt to mitigate the effects of the COVID pandemic by targeting inflation. With a budget surplus l...
Introduction The state of Colorado is currently facing a funding gap when it comes to education. This gap stems from the fact that there are differences between the income and property tax rates across different districts in Colorado. In order to address this issue, a proposal known as Proposition 120 was introduced by Senator Bob Gardner in 2019 – an initiative which would limit how much property taxes can be raised each year and how much money can be used for schools. The goal of Proposition...
Introduction The state of Colorado is currently facing a funding gap when it comes to education. This gap stems from the fact that there are differences between the income and property tax rates across different districts in Colorado. In order to address this issue, a proposal known as Proposition 120 was introduced by Senator Bob Gardner in 2019 – an initiative which would limit how much property taxes can be raised each year and how much money can be used for schools. The goal of Proposition...
