Informed by the property tax research and media coverage, Georgia State Senator Chip Pearson introduced a bill mandating tax assessors
to include foreclosed and bank-owned sales in the property valuation process.
were then asked whether a site deterred any new land uses or activities in their jurisdictions, and those who responded affirmatively were asked to provide details.
Donald Trump has added a new wrinkle to the city tax assessor
scandal by filing a $500 million lawsuit against the city, alleging that Trump World Tower was taxed at an unfairly high rate to compensate for buildings that received lowball assessments.
under scrutiny after most of the Manhattan tax assessors
, were indicted.
Two weeks after 18 tax assessors
were indicted on bribery charges, a landlord said he is planning to sue the city for damages stemming from his apparently over-taxed building.
With the recent indictment of city tax assessors
, real estate attorneys are expecting the city to exercise more caution with property tax assessments in the coming months.
No building owners have yet to be implicated in the tax scheme that shook the real estate industry last week with the indictment of 18 Manhattan tax assessors
accused of cutting property taxes for bribes.
In a far reaching decision, New York State's highest Court requires local real estate tax assessors
to acknowledge the negative effect contamination has on a property site's fair market value.
Called SEG-SITE and accessed through PC-based Windows software, the new service helps real estate appraisers, inspectors, adjusters, tax assessors
and contractors easily obtain building cost estimates segregated out by type of business and individual components, according to Cydney Capell, director of Marketing and Production at Marshall & Swift.