Jurisdiction: State of Hawaii
Appeal Deadline: Oahu Jan 15, Other Islands Apr 9
Important Reminders:
For more information, please contact Andrew Furata at afurata@paradigmtax.com or (808) 541-9246.
IMPORTANT ALERT FOR ANY LEGAL ENTITY THAT OWNS REAL PROPERTY IN CALIFORNIA!
NEW MANDATORY SELF-REPORTING WITH PENALTIES EFFECTIVE JANUARY 1, 2010
California Senate Bill No. 816 has revised the reporting requirements that relate to the change of control or ownership of legal entities in California, and establishes significant penalties for non-compliance.
Click here for more information.
Appeal deadline: Dec 31
Important Reminders:
For more information, contact Kevin Smith at either ksmith@paradigmtax.com or (415) 692-8513.
Jurisdiction: Alaska has 16 boroughs and 11 census areas. The assessment date is January 1.
Appeal Deadline: appeal deadlines are 30 days after the property tax statement is mailed for all municipal property tax assessments; however, the deadline for state assessed oil and gas tax assessments is 20 days. The statement mailing dates vary by jurisdiction as follows:
These 8 boroughs cover most of Alaska’s populated area.
Information needed to file: Appeal must be filed in writing and must specify the grounds for appeal.
Note: Muni of Anchorage requires a $1,000 deposit filed with each appeal. The purpose of the deposit is to discourage filing appeals without merit. The deposit is refundable provided evidence is shown that the property owner/agent cooperated with the assessor during the appeal and/or attends the hearing.
For more information, please contact Patrick Howard by email at phoward@paradigmtax.com or by phone at (206) 241-2424 x 104.
On Tuesday December 1, the Michigan Department of Treasury (“MIDOT”) informed the assessing community that it will file up to 10,000 real and personal property classification appeals with the Michigan Tax Tribunal by December 31, 2009. The appeals will request that real and personal property classified as industrial be reclassified as commercial. While in the past a few appeals may have been filed, the volume increased exponentially this year due to the Michigan Business Tax Industrial Personal Property Tax Credit and the millage reduction afforded industrial personal property. Changing personal property classification from industrial to commercial creates a tax increase of 100% or more. Property owners should take action immediately in order to protect their rights to the tax reduction intended by the Michigan legislature.
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The assessment of real property in California is guided by Proposition 13, which took effect in 1978. Upon a change in ownership or completion of construction, a base year value is assigned to a property. Thereafter, the annual increase in assessed value is determined by the California Consumer Price Index – but capped at 2%. Using Consumer Price Index numbers recently released by the government, the State Board of Equalization announced on November 30, 2009 that – for the first time since Proposition 13 was implemented – statutes dictate a deflationary economy to result in a negative .237 percent adjustment to the assessed value of real property as of January 1, 2010. The California State Board of Equalization notified County Assessors on December 14, 2009 that a negative .237 percent adjustment should be used for the 2010 real property assessment roll.
For property owners whose historical assessed value is below current market values, there will be a decline in the base property tax. However, for those property owners whose assessed value likely exceeds market value, an appeal of the assessment will be necessary.
The negative adjustment for calculation of the 2010 tax year real property assessments will place further stress on the budgets of cities and counties in California.
For more information, please contact either Alan Schultz at (415) 593-9005 or aschultz@paradigmtax.com, Ed Trudersheim at (858) 430-0373 or etrudersheim@paradigmtax.com, or Randy Burns at (415) 593-9005 or rburns@paradigmtax.com.