American Property Tax Counsel
Recent Published Property Tax Articles
Beware of Double Taxation on Personal Property
While Texas solved the problem, your state may not have addressed the issue.
Many states tax business personal property, a classification that includes furniture, fixtures, equipment, machinery and, in some states, inventory. Whatever the jurisdiction, the values of business personal property and real estate can easily be conflated in ad...
Read moreRunaway Property Taxes in New Jersey
Tax courts don't always recognize market value in setting property tax assessments.
Most real estate is taxed ad valorem, or according to the value. The theory is that each person is taxed on the value of the real property they own.
The New Jersey Constitution (Article VIII, Section 1, paragraph 1) stipulates...
Read moreTexas Hotel Owners: Proceed with Caution
Confusion Regarding Tax Code's Rendition Requirements Creates Penalty Trap
A provision in the Texas Property Tax Code requires hotel assessments based on an income analysis to include personal property. However, misunderstanding associated rendition requirements can cause unexpected penalties for hotel owners.
In Texas, both real and personal property are taxed at 100...
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