Some of the most interesting and educational property tax cases often involve dealing with the complexities of special purpose properties. The recently decided case of UTGR v. Mandillo is no exception.
Read MoreThe Kansas Court of Appeals recently reversed a decision by the District Court that set aside the opinion of the Kansas Board of Tax Appeals. At the center of the case was the valuation methodology employed by the taxing jurisdiction’s appraiser. The Court of Appeals found that the jurisdiction’s expert witness not only erred, but…
Read MoreThe California State Board of Equalization recently released a draft of the proposed Guidelines for Substantiating Additional Obsolescence for Personal Property and Fixtures as part of a project to assist county assessors’ staff in identifying and quantifying obsolescence for personal property tax valuation. Although the proposed guidelines do not offer anything that can be considered…
Read MoreThe MIT Center for Real Estate recently released its 2009 Q2 Transaction-Based Index indicating an 18.1% decline in commercial real estate sale prices compared to the 1st quarter and, are you ready for this, a 39.2% decline from the peak in the 2nd quarter of 2007. Some good news is that their summary analysis states: …
Read MoreToday I came across an interesting article titled Big Box Recycling that discusses what happens when big boxes go dark. Some of the alternative uses mentioned are churches, swap meets, go-cart tracks, schools, private prisons and even a museum dedicated to spam. I will throw in roller skating rinks, bars, flea markets and a meat…
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