Commercial properties that will be new to the expanded Special Improvement District (SID) in 2015 are likely to see what amounts to a nearly 5-percent increase on their property tax bill.
Continue reading Expanded SID likely means 5% tax hike for new lots
After nearly an hour of public comments that ranged from support to opposition to delaying for more time to discuss and understand the issue, City Council approved expanding the Special Improvement District (SID) from the downtown area (138 properties) to all commercial properties citywide (closer to 440 properties).
Successful tax appeals continue to decline since a record number of settlements in 2012 but this year still saw almost 70 successful appeals totaling more than $90,000 in tax credits.
A St. Georges Avenue medical office will see its property tax bill reduced by a third after settling a multi-year tax appeal with the city.
Continue reading Medical office settles multi-year tax appeal
Continuing a trend in recent years, four apartment complexes won tax appeals totaling more than $54,000 across a number of tax years, ranging in reductions from 7 to almost 20 percent.
Continue reading Four apartment buildings win multi-year tax appeals
The developer of a proposed four-building complex on the former Wheatena property on Elizabeth Avenue is seeking a Payment In Lieu Of Taxes (PILOT) to the city that would average about $1 million annually for 30 years.
Continue reading Council to consider PILOT for Meridia Brownstones
Two properties — one commercial and another industrial — were awarded tax appeal judgments, receiving credits of about a third off their tax bills over multiple years. The City Council approved AR-136 at its June 11 regular meeting. Continue reading Industrial, commercial parcels win tax judgment