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February 2020 UNITED STATES – February 2020 Contents USA GENERAL ........................................................................................................................................................ 5 HOW TO CONTEST PROPERTY TAXES ...................................................................................................................................... 5 ASSESSED VALUE VS. MARKET VALUE IN REAL ESTATE ............................................................................................................... 6 USA PROPERTY TAXES BY STATE ............................................................................................................................ 8 USA - THE PROBLEM WITH PROPERTY TAXES ......................................................................................................................... 12 USA - LESSONS FROM AMAZON'S DECISION TO CANCEL NEW YORK CITY HEADQUARTERS ............................................................. 13 USA - SANDERS’ ESTATE TAX PLAN WON’T LIKELY RAISE THE REVENUE INTENDED ....................................................................... 14 USA - HOW BIG-BOX STORES BILK LOCAL GOVERNMENTS ....................................................................................................... 15 USA - THESE MAJOR U.S. CITIES ARE SEEING PROPERTY TAX INCREASES THIS YEAR ..................................................................... 17 USA - THUNE LEADS COLLEAGUES IN REINTRODUCING A PERMANENT REPEAL TO THE ESTATE TAX ..................................................... 17 USA - SANDERS PROPOSES ESTATE TAX OF UP TO 77 PERCENT FOR BILLIONAIRES ........................................................................ 18 USA - THE SELF-STORAGE PROPERTY-TAX CONUNDRUM: ALTERNATIVES TO BETTER OUR COMMUNITIES ........................................ 19 ALASKA ................................................................................................................................................................ 20 ANCHORAGE PROPERTY TAXES SET TO RISE AFTER ALASKA LEGISLATURE FAILS TO OVERRIDE BUDGET VETOES....................................... 20 ARIZONA .............................................................................................................................................................. 22 PROPERTY VALUATION AND TAXES ....................................................................................................................................... 22 CALIFORNIA ......................................................................................................................................................... 24 THE TAX WATCHERS: OLD WORDS OF WISDOM STILL SMART ..................................................................................................... 24 CALIFORNIA SPLIT ROLL BALLOT MEASURE DESTROYS PROP 13 PROTECTIONS FOR CALIFORNIA FARMERS, THREATENS RURAL COMMUNITIES ................................................................................................................................................................. 25 WHY TECH SHOULD PUSH TO CLOSE CORPORATE PROPERTY TAX LOOPHOLES ................................................................................. 28 PROP 13 CHANGE WORRY PROPERTY OWNERS, ASSESSOR ..................................................................................................... 29 NO, CALIFORNIANS AREN’T BEING ASKED TO REPEAL PROP. 13’S RESIDENTIAL PROPERTY TAX LIMITS ................................................. 30 TEACHERS UNION PROMOTES PROPERTY TAX INCREASE ........................................................................................................... 33 PROP 13 SPLIT-ROLL TAX INCREASE WOULD HURT BUSINESS, AND AFFORDABLE HOUSING EFFORTS ............................................... 39 CALIFORNIA BUSINESSES SHOULD REJECT EFFORTS LEVERAGING THREAT OF SPLIT ROLL FOR OTHER TAX HIKES ...................................... 40 CHANGING PROP. 13 COULD WORSEN CALIFORNIA’S HOUSING CRISIS. HERE’S HOW ...................................................................... 41 CONNECTICUT ...................................................................................................................................................... 43 CONNECTICUT CITIES, SOLAR INSTALLERS LOCKED IN LEGAL FIGHT OVER PROPERTY TAXES................................................................. 43 DELAWARE .......................................................................................................................................................... 44 WITH LATEST COURT RULING, WILMINGTON MAY SEE LARGEST LOSS YET FROM PROPERTY TAX APPEAL .............................................. 44 HAWAII ................................................................................................................................................................ 46 PROPERTY TAX CHANGES COMING ........................................................................................................................................ 46 International Property Tax Institute IPTI Xtracts- The items included in IPTI Xtracts have been extracted from published information. IPTI accepts no responsibility for the accuracy of the information or any opinions expressed in the articles. P a g e | 2 IDAHO .................................................................................................................................................................. 47 IDAHO LAWMAKER INTRODUCES BILL TO REPEAL PROPERTY TAX STATEWIDE .................................................................................. 47 BILL INTENDED TO ADD TRANSPARENCY TO PROPERTY TAX COLLECTION MOVED ALONG ................................................................... 48 ILLINOIS ............................................................................................................................................................... 49 SCHOOL DISTRICTS FILE AMICUS CURIAE BRIEF IN LANDMARK FEDERAL PROPERTY TAX LAWSUIT ..................................................... 49 ILLINOIS GOVERNOR FOCUSES ON ETHICS REFORMS, PROPERTY TAX RELIEF AND OTHER PRIORITIES IN STATE OF STATE SPEECH ................ 49 APPELLATE COURT SHEDS LIGHT ON MURKY TAX SALE PROCESS UNDER PROPERTY TAX CODE ........................................................ 52 PROPERTY TAX HIKES WON’T BE THAT BAD, NEW REPORT SAYS ................................................................................................... 52 THERE’S NO REASON TO FREAK OUT OVER KAEGI ASSESSMENTS .................................................................................................. 54 ILLINOIS TAXPAYERS SCORE RARE TIA WIN IN PROPERTY TAX DISPUTE ....................................................................................... 54 YOUR ASSESSMENT NOTICE AND TAX BILL ............................................................................................................................. 55 REAL ESTATE TAX 2019: NEW ASSESSOR, NEW POLICIES ........................................................................................................ 58 ILLINOIS STATE AND LOCAL GOVERNMENTS SPEND MOST IN NATION ON PENSIONS ......................................................................... 59 NEW COMMISSIONER WORKS WITH COUNTY ASSESSOR TO MAKE WEBSITE EASIER TO USE .......................................................... 60 PROPERTY TAX RATES NEARLY DOUBLE SINCE 2007 AS RESIDENTS LEAVE HARVEY, ILLINOIS ............................................................. 61 IT'S TIME TO MODERNIZE THE ASSESSOR'S OFFICE .................................................................................................................... 62 WHY ARE FOLKS LEAVING CHICAGO? UNFAIR TAXES ................................................................................................................ 63 INDIANA .............................................................................................................................................................. 64 INDIANA TAX COURT AFFIRMS VOLUNTARY DISMISSALS OF PROPERTY TAX APPEALS, WHERE ASSESSOR HAD NOT INCURRED A “SUBSTANTIAL EXPENSE” ................................................................................................................................................... 64 INDIANA TAX COURT “CANNOT IGNORE THE PARTIES’ .............................................................................................................. 64 TAX COURT UPHOLDS 26 PERCENT INCREASE IN HOME VALUATION ............................................................................................. 65 INDIANAPOLIS ..................................................................................................................................................... 66 COUNTIES FIGHT BIG BOX STORES ON PROPERTY TAX APPEALS .................................................................................................... 66 IOWA ................................................................................................................................................................... 67 AMAZON ANNOUNCES IT'S BEHIND 'PROJECT BLUEJAY,' WILL HIRE 1,000 FOR NEW FULFILLMENT CENTER.......................................... 67 OUTGROWING THE EFFECTS OF PROPERTY TAX REFORM ............................................................................................................ 70 KANSAS...............................................................................................................................................................
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