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Property Tax Resources

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Washington Property Tax Updates

Updated june 2020

Property Tax Relief Proposed for Commercial Real Estate

While many types of commercial real estate have been hit hard by the COVID-19 pandemic, immediate property tax relief has been in short supply. Immediate tax reductions are available in the event of unexpected physical destruction, such as by fire or flood, but the application of that statute to the pandemic is less clear. Another statute gives relief for government restrictions that cause a loss in value, but the timing of that relief is problematic. The King County Assessor recently proposed legislation to address the problems with current law:

https://www.youtube.com/watch?v=OYkb0f4QLnc. 

The next regular session of the state legislature convenes in January 2021, but the governor may call a special session sooner in order to work on a large budget shortfall. Now is the time to be in touch with your legislator to press the view that property tax relief for commercial real estate should be high on the list of priorities.

Norman J. Bruns & Michelle DeLappe
Foster Garvey PC
American Property Tax Counsel (APTC)

Virginia Property Tax Updates
Washington DC. 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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