Property Tax Resources

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Massachusetts Property Tax Updates

UPDATED march 2020

Devaluation of Real Estate Due to the Covid-19 Virus

As of March 2020, the COVID-19 pandemic has caused a serious disruption in many businesses. Some businesses have shut their doors, and some will never reopen. It is unknown how long the crisis will continue. This leaves property owners in a poor position to pay mortgages, employees, and other bills. In Massachusetts the assessing date is January 1. The next tax bill issued will be for Fiscal Year 2021. That tax bill has an assessing date of January 1, 2020. A problem for property owners is that on January 1, 2020 in general the economy was doing well. Notwithstanding the disconnect between the assessing date and the timing of the COVID-19 pandemic it would be prudent for property owners to file for an abatement for Fiscal Year 2021. Many assessors will want to deal with this obviously serious problem sooner rather than later.

David G. Saliba
Saliba & Saliba
American Property Tax Counsel (APTC)

Maryland Property Tax Updates
Michigan Property Tax Updates

American Property Tax Counsel

Recent Published Property Tax Articles

How to Fight Excessive Property Taxes During COVID-19

Cash-strapped municipalities may look to extract more revenue from commercial properties.

It would be difficult to conceive of a more impactful event for the commercial real estate market than the coronavirus pandemic. Short of finding a cure for COVID-19, the tremendous state of flux in the sector will test the resourcefulness...

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Intangibles Are Exempt from Property Tax

Numbers of lawsuits remind taxpayers and assessors to exclude intangible assets from taxable real estate value.

A recent case involving a Disney Yacht and Beach Club Resort in Orange County, Florida demonstrates how significantly tax liability can differ when an assessor fails to exclude intangible assets. For Disney's property, the tax...

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Expect Increased Property Taxes

Commercial property owners are a tempting target for cash-strapped governments dealing with fallout from COVID-19, writes Morris A. Ellison, a veteran commercial real estate attorney.

Macro impacts of the microscopic COVID-19 virus will subject the property tax system to unprecedented strains, raising the threat that local governments will turn to property...

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